Savannah morning news., 1885-08-12
GARRETT'S LOSING GAME.
b. ~ o. RUNNING $4,000 PER
MONTH BEHIND EXPENSES.

H. ~ .. RUNNING $4,000 PER
MONTH BEHIND EXPENSES.
All the Rivals of Western Union Said to
be Living in AN Air of Bankruptoy-
COST Value the Only Basis ON Which
Gould Would Make an Agreement.
NEW YORK, Aug. 11.-Auother chapter
in the telegraph controversy is given to
the public to-day. 1t is as follows:
EXECUTIVE OFFICE, W Esr'N UNION TEL. Coz
NEW YORK, Aug. ii, 1885. !
10 the A Assoeidted Prsss:
To correct tho impression made by Robert
Garretts cable card IN this mornings papers,
l respectfully ask that you give public the en-
tire cable cOrrespOndence IN respect to the
proposed arrangement between this company
and the Baltimore and Ohio Telegraph Com
pany, which here with hand you for publica-
tion. Very respectfully,
A DEAL SUGGESTED.
NEW YORK, July g. 1885.
To lion. John Peader, ~ r., London:
Your letter received. We mad some form
OF a deal with the Baltimore and Ohio Tcle-
graph Company suggested hero, hut no figures
proposed. II is difficult for us to propose
without data. Cannot the BALTIMORE and
Ohio Telegraph Company give an order TO
admit Of an examination of the revenues and
expenses? GREEN.
LONDON, July IA, 1885.
To Dr.. Noreia Green, Neeo York:
The morning | received your telegram Mr..
Garrett had left for Paris. / did not, there
fore, see him. He left memorandum for me,
which amounted to this; That he was not pre-
pared to exhibit his books; that the Western
Union Telegraph Company knew exactly the
extent OF his system, and that the mlage of
the Baltimore and Ohio Telegraph Company
to-iay was IN excess of what the Atlantic and
Pacific and American Union were together at
The time they were absorbed by the Western
Union Telegraph Company. lie seems to take
hla aa "a hnat IN va NFnt4r# wa tn ga
with him on this ground, or even at a consid-
erably modified price. PENDER.
COST VALUE MUST BE THE BASIS.
NEW YORK, July Is, 1855.
To Hon. John PeRder, London:
We could not think of a deal with Mr.. Gar
rett on anything like the basis Of the Ameri-
can Union four years ago. He has no such
amount Of property We cannot 20 beyond
the cost value Of the property as basis.
GREEN.
LONDON, July 81, 1885.
To Dr.. Green, Neao York;
1t 10 reported here that the Western Union
Telegraph Comp ny and Baltimore and Ohio
Telegraph Company have come TO "a settle
ment. Is there any truth in this? start for
Hamburg on Tuesday on my way to Berlin,
and shall see Mr. Garrett. Is there anything
can do for you with him in the matter?
PETDER.
NEW YORK, July 81, 1885.
To Hon. John Pendsr N. p. LORdOR;
II is not true. No progress has been made
with the Baltimore and Ohio Telegraph Com
p4ny he G, nor Is any pressure being made.
We must stand on liberal cost value as ba-
sis, while the indications are that the Balti-
more and Ohio Telegraph Company exacts
large prodts. do not think best to urge II.
GREEN.
TO SEE GARRETT.
LONDON, Aug. 4, 1885.
To DR.. NOr0ia Green, NelO York:
Shall see Mr.. Garrett at Hamburg. and VIII
let him know about your views. PEEDER.
NEW YORK, Aug. 5, 1885.
To Hon. John Painter, N. p. L0Rd0a
do not think IL best TO press MIR. Garrett
with any urgency. We are not more anxious
than he is 10 reach conclusion, but am sat
isded that we are a long way apart in our
views as TO terms He wants handsome
profit on his investment, which we cannot
afford to conCede even for the ten pOrAry ad-
vantage it might afford. IL would only stmu-
late new enterprise for the same result,
There must be an end TO taking in at profit.
fear that 1t will take some time and discus
sion to convince him that we must MAINTAIN
that position. GREEN.
LONDON, Aug. 10, 1885.
To Dr.. NOrUin Green, Reio HOrb:
l observe that Western Union Company
stocks have advanced from about 81 to Us, and
a considerable portion OF this advance has
taken place since Mr.. Field aud had an in
teryiew with Mr.. Garrett. / am told that II
Is understood n America that at that inter-
view, and there WAS but that one, Mr.. Garrett
strongly urged upon Mr.. Field and myself the
purchase OF his system ~ settlement OF the
existing state Of things with the leased lines.
This Is untrue, and 1t Is only fair % Mr.. Gar
rett that ! should let you know this. it is
evident TO me that the information you have
got elsewhere is not correct, and that you
should let the public know the real facts Of
the case. Mr.. Garrett has been perfectly
straight with me In all this business, and SINCE
| came to Hamburg he has read me extracts
from his letters, showing exaggerated state
ments going about on the other side which
PEsDER.
DENYING THE SOFT IMPEACHMENT.
NEW YORK, Aug. IL, 1856.
To hon. John Pender, N. p. London:
Mr.. GarI ett's card, with what purports 20
be a cory Of your cablegram to me OF yester-
day, appears in this mornings papers.
think you have been imposed on, and must
have acted under misapprehension OF the
facts. No one in this company has repre-
sented that any deal with the Baltimore and
Ohio has been made. | have steadily and
uniformly denied that there was any approx
nation TO an agreement. Several interviews
with me 10 that effect have been published.
Mr.. Garretrs card and your cablegram made
II appear that we were pressing negotiations,
whereas your letter Of June p shows that the
frst overture came from Mr, Garrett.
You say: 1.-THE day after | despatched
my message To you received
message from Mr.. Garrett TO ask me to give
him an interview. which did. lie told me
that his object In desiring that Interview was
TO sre whether the time had come. and, II 80,
whether ! was disposea 20 assis IN bringing
Auuub an dEEdNkttutDt BtlWttu Niif PdltliutNt
and Ohio company on the one side and he
Western Union on the other" You further
say in that letter. "That II the idea conveyed
IN the inclosed memorandum is en-
lertained by You and your friends
/ believe the Business could be done,
and IN that case t would be very
desirable that you should come over 70 Lon
don while Mr.. Garrett Is here" The memo
randum referred 70 is marked confidential.
hut rs showing n tangible overture from Mr.
Garrett through you, aek your permission
to give it TO our shareholders. Mr.. Garrrtt's
cable card arraigns "a for incorporating his
posi- ION, and puts us on the defensive, when
we have told nothing. GREEN.
GOULD's ADVICE ASKED.
LONDON, June II, 1856.
To jar GoUid Mem Y0rb.
/ am invied 20 meet Mr.. Garrett ri Mr..
Penders house, Saturday morning ~ talk
over telegraph matters. Mr.. Garrett sHYs
that he can arrange with Mackay 70 a. 20
settle the tariff for the cables, well ~ for
the land lines in America. Have you any
suggestions ~ maker FIELD.
NEW YORK, Juno II, 1856.
10 Fiefd, Losafoa;
. can only repeat what cabled 10 you The
other dav ~ reference 20 Mr.. Garrett. This
company are losipg over o,000 per month n
their Telegraph business. nndit ~ only a ques
ton Of tine when N vii carry down tle
Baltimore and Ohio Company. This opinion
Is c0ncurred In By the shrcwdest bankers here.
GOULD.