The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-12
President Green Tells His Story.

NEW YORK, Aug. 11.-Dr. Norman Green,
president of the Western Union Telegraph Com
pany, makes public this evening the re-
mainder Of the correspondence. chiefly cable dis
patches. relative to the negotiations for pur
chase of the Baltimore & Ohio lines by the
Western Union, or a restoration of telegraphic
tolls by the two companies. Dr. Green gives as
a reason for the publication a desire
''ro correct the impression made by Mr.. Robert
CARROTS cable card ' which was sent in these
dispatches last night. The first dispatch is from
Doctor Green to Hon. John Pender, of London,
and appeared to be in reply to dispatch from
the latter gentleman. 1t says that the same
form Of deal" was had with the Baltimore d
Ohio here New York;; that no figures were pro-
posed and asks whether the Baltimore & Ohio
can give an order to admit of an examination of
it's revenues and expenses. This is dated
July g. On July IA, Mr.. Pender replies
that Mr. aGsint Garratt h;s was hoo1s not pre-, pre-
suggested that the mileage of his line was
greater than that of the Atlantic & Pacific, and
American Union together, when absorbed by
the Western Union, and seemed to think this
might serve a basis of negotiations July 18,
DR.. Green replies that this basis is not satisfac-
tory. and says he could not go beyond the cost of
the property as basis. July 81, Mr.. Pender
asks DR.. Green if the rumors of settlement
between the companies are true and is assured
Mr.. Pender telegraphs DR.. Green
that he will see Mr.. Garnett in
Barnberg, and present the Doctors
views. Aug. Dr. Green replies that he does
not think it best to press Mr.. Garrett with any
urgency; that he is satisfied that they are far
apart IN terms; that Mr.. Garrett wants a large
profit, and that there must be IAN end to taking
in at profit" Then follows Mr. Penders tele-
gram of Aug. TO- about the rise of value in
Western Union stock, sent in these dispatches
last night Under date of Aug. Ill DR., Green
replies, at considerable length in the course of
which he says. II think you have
been imposed npon and must have
acted under a rnisapprehension of the facts No
one In this company, has represented that any
deal with the Baltimore & Ohio has been made.
have steadily and uniformly denied that there
was any approximation to an agreement Spe'
clal interviews with me to that effect have been
published. Garrett's card and your cablegram
make 1t appear that we were pressing negotla-
ton, whereas your letter of June % shows that
the first overture came from Garrett"
The correspondence concludes with a series
or dispatches between Cyrus W. Field. in Lon.
dou, and Jay Gould, in New York, running from
june IL to Aug: 4, i'll which Mr.. Field says he
has been invited to meet Mr.. Garrett. who saws
he can arrange with Mackey so as to settle the
tariff for cables as we'll as the land lines. and
adds that he thinks Garrett and Mackey are sick
OF their investments and would like to make
some arrangements. Mr.. Gould replies that the
Baltimore & Ohio, as nearly as he can
learn, dosing over $4,000 per month in
their telegraph business, and it is only aues-
tion of time when / will carry down the Baltl-
more & Ohio company" He suggests that if
the Baltimore & Ohio will let the auditor of the
Western Union go over its accounts, he is pre-
pared 70 'go through the figures with a view to
deal on he actual condition of the business"
August T. Mr.. Fields private secretary tele-
graphs him that Russell Sage thinks it desirable
10 obtain his lGarrett's best offer of settlement
0r sale )"