The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1885-08-13

WEST ESD, LoNo BEANCu, Aug. IL
ayes, l have read over tho sdyanG,
copy ol DR.. Green's communicates
10 tho press, Swing a full text of the
correspondence between Pendor
Field, GeCou and Gould, and am
struck with the iuct that nowhere Is
| Mr.. CARROTS actual language used
| ard y What no mas said has apparently
boon wurdod by others, whose iGicr-
! @ B., DOUBTLESS, caused n high color 60
/ ho givUu 30 tG0 Ht0tamen.s,h was the
| starting 7tgtemeuJ IN an interview
vita ID. IL, Bates, president OF The
Blitim0re N OHIO.
DR.. GgOcn says his company Is rot
willing 10 buy any moro limos, except
| 40 cost, cts, II Is not intimated, how
! over, that thu Western Union can af-
ford TO buy any moro lines. Their
| Juno official statement showed gn
amount advanced 10 construction of
S2,0O)OO0 in excess of their surplus, hut
whore this excess came from IL n Sc
c-oy. They have either borrowed the
money or sold assets. Theic last pub
| llshpd statement of ass ots showed lit 10
left but telephone stocks, which
arc lower In value than year agO,anl
careful experts fixed tho value then NJ
lBss than Sl,0O0,0O0. Where the money
would como from to buy tho Baltimore
& OHIO is not clear. IL could only be
dsno by issuing additional securities,
but comparison of net earnings now
and in 1850 Is interesting.
lSS)-Capital, I000O,000
Mileage, $4,000 miles OF wire.
Net receipts, S5,fOO0OO.
1885 Capital, S0,0OO,OCO.
Mileage, $4,000 miles of wire.
Net receipts, S5,6O,OOO twice tho
capital, double the mileage, the same
published earnings!
Their securities, If issued, would
probably not be acceptable 10 Mr.. G tr'
rett.
Now that the public can
road tho entire c)rres spondenCe
1t must he evident, except TO those
who are willingly blind, that tho Bal
timoro Il OAiO has not, in auy case,
been seeking an arrangement, but
Field sud Pender have felt the greatest
anxiety. The most remarkable thing,
however, H. the expressed belief on the
part of Jay Gould and DR.. Green that
tho Baltimore ~ Ohio is losing
$4,000 monthly, when thoy nro in
possession of Mr.. Garretp5 and my
sworn statements, in s0mo of the nu.
merOus harrassiug suits against that
company. We have not been, und arc
not losing.
DR.. Green says: "Garrett's cable
card arraigns his (Groen's) company
for misrspresenting their position, and
puts them on the defensive, when they
have told nothing"
He must certainly have read tho pa
pers the past month, containing state
monts attributed to persons in his
tuilding, asserting, with great posi-
tiveuoss, the fact of an agree.
ment between tho two com
panies having been reached.
The idea that we should allow our
books to be examined by tho Western
Union officials Is rich. They already
appear so confident of the fact Of our
losing money. itis strange they should
consider starinE our losses. Mr.,
Guuids inaiuuaJion that general
air Of bankruptcy hangs over tele-
grapn properties may be true OF his
company, but he IS not as familiar
with our figures as nc must be OF
others, auG The snrowd banker whose
opinion ho words has not obtained
f.2m mo Information as to our hhan-
cial standing and arD apparently too
crsaulous to command universal con-
fiaeuce in their jud gment.