New-York tribune., 1886-02-23

ment of any existing patent we can STAR IL such oh
small scale and dictate terms to Goulu Ior SUN
pmrpose could in this town before snndo to-day gs
subscribed half million OF dollars Eyerynoay y5 - COM
Inc 70 the telephone as the coming means OF rapu co
municaton am OF opinion that we had Detter @ inc"
porate possible. and II yon deem r py tbe
Ist OF september We will have to go to New-JeIlsoiy
Connecticut NewYork know OF no ooner opgh J,to 70
cover ali we want Has Colonel Looney seen Ewing
think 1t important for him to DO So r. Tel &, tSn Sroodei
thoroughfare TO fortune. Your friend, CASEY YOUNG
FULL or HOPE AND GRATITUDE.
On August 30 the secretary of the PanEectrlc Com
pany wrote to Dr. Rogers from Hot Springs, Ark III
hopeful tone, saving
DEAR DoCToR: received your letter this morning.
think our al lance is should be with the American
Postal people but II they will not glye falr terms VIC
can go to some other There Is gentleman mere tton
New ort who become enthused over our scheme,
and Is anxious to become interested with us. me is'
am informed. n man of large means and he seems 10
have intimate relations will many noneyeu men oI
York. such as Cyrus Field, Russell sage Rutus liatcn
and others He says If what tell him is true II - tne
biggest thing OF the age and that he can raise al tI9
moIer needed to give 1t IA starr and that he VIII
undertake TO do it for an interest Of 100000, one
hundred thousand dollars upon tho basis OF
capital stock to the amount of five millions.
have nothing think tns odnar I[ s d5ns nor
what his plans do know what 10 say 10 th
onel L.
In the first few months after the organization of tho
Pan-Electrc Joint stock company in March, 1888 the
benecarss were profuse in their expressions Of grat
tude aud promises to obtain the broad charter u
der the original agreement month aferward, Atkins
wrote from Memphis as follows:
MYDEAR DoCr0R reached this city aday or two since
and to-day with senator Harris ana C00neI lOuhE
and discussed ran.Eectrc" to some extent senator
Harris Will leave here soon VA. Nashyc LOT ri
with the view of meeting yourself Harris ana Gen5ra
Johnston that you AL may more Iny cohSu'r $50 rI
step, action should be taken TO advance the eehe
interests OF the company. We al are OF tne opIWVn
that while nothing has been lost hy hot haVIhE Az @ or
organized under charter that now we might 90 30 a'
any time.
On March p, Colonel Young wrote from Memphis;
NV DEAR DocroR; I an in receipt OF your letter OF
Ism inst, whlch found awaiting me on my arrival
Fr DAY night Ihtve examined the NewJersey statutes
and do NOT ind their provisions favorable to us as
yoI seem To conclude. Acting upon your suggestion
senator Harris has prepared ana sent 10 Nash' mo
an amrnim Mt for our general laws OF ln,
rights and privileges which We desire. an az ~ aIu M
however thar the Leg 'atlre VIII oufh before u ~
be passed. find that tho Maryland laws ~ respect TO
interpretations are eX'remy liberal ana / thlhK we
charter we want I'm that state Harry must neces-
s.ry be ucurrins some eNpense ana won,d & saSggS. ga
that ne draw upon the O1her nemoets .. 'no toi, "a
pany for their pro rata share - OK H. o,sd -. ms -
~ we 20 along lie might draw for the amount each one
Is to pay M iustamen-ot say twenty-five or my Go
lars az time. Ia notifying ih- members OF thls hdtleF
hc and General Johnston can use my name II necessary
The foregoing a. well as other letters related to the
charter for the original Pan n-Electric Company.
on July /. 1883. Colonel young wrote to Dr. Rogers
from Memphis, Tenn. follows:
rccciyed your letter day or two ago but was IN the
midst OF AN Important u NJ tho nc ana could not
answer unfl now. Agreeing with you 10 the impor
OF early mcOrporauou Il had an interview WIN
senator Harris, and finding him OF the same opinion
agreed ut his suggestion. to prepare TIE hrcesSar
papers for Incorporating under tno laws OF zen.
ncs,er. but when came 10 make close examination
OF The acts OF our legislature on the subject
reached the conclusion mat they were VINO udleiuSto
to meet the requirements OF our case In other WORDS
do not thiuk tAat We can secure uhhst y as Smase4
have therefore, promised senator H. that "ond 20 TO
Little Few day and confer iuly WIN senator
Garland In respect to Organizing uud'r tue la"5
Of the state OF Arkansas or OF some OtHrr
,oGs In This connection would make this suggestion
10 j. only four or nvc months now uht the meuDeis o
C,lnl''Gy G IA 49, ~ iI ~ t,l, ,TsiauI prThat,s more al
yl-,iy ana possibly advantage We couId start
oil D,tter-ant we could not likely do much before
.nr%, ,sn.,SV no o T"y active oper,,o in every kind
Of business. | will. however IN "a short time prepare
art,s Of orporAtiou under tue laws of some stale
aud send them Oh 70 you. am very strongly oi tho
opinion that can do well with the "trausmtter'
lions believe / coud soll one Of them to every man
who Ia, telephone IN Memphis AMI the same tllnk
could Dr done c.ewhcrc. ani We could very CON
siderable profit from It. want TO 70 to 5an Francisco
n 'I oi Them fore start think could intro
ducc ia W there. Senator Harris eit for Washington
last ShL WIIi confer with you in'iy.
DrsmABLE ACQUISITION.
Colonel T. f. Looney. OF Memphis, a member Of the
Democratic National Committee, regarded rs most
desirable acquisition uy the "Conrderate-." and Casey
Young and senator Harris took steps TO obtain his ser
vices and cooperation In letter dated August D,
1883 Colonel Young wrote to DR. Rogers. as foiows:
DEAR DocroK: our old friend Colonel T. f. Looney Il
of Washington Ciy nnd senator Harris aud myself aiter
uI co ference With him on the subject are ot opinion
ht he can be f great carrying ont lts
objects that we had better interest hm IN tue ran
Electric Company. You know his energy and business
capary In things OF TINS uud his recent counectou
with large capitalists in operations OF considerable
magnitude, gives facilities tn the line OF our under
taking that may bc turned 10 our mutual advantage
thuk the time for us 10 move IN the Leieral III
rrcton Indicated In my recent letters TO You and Harry
/ aua know any one better htted
| to open negotiations than Colone! Looney.
Senator Harris ana Ooth think "oui1 DC 10 our
! interest and advantage TO give him such amount OF
stock IN the company under tue provisions ana upon
meut as Will enlist his active efforts In behalf OF tie
assoclaton-say, huy thousand dollars with prospect
i've Increase to one hundred thousand doar IN case ne
should succeed In making AN Arrangement Dy when tue
Are OF course mere suggestions of and expect
You to advise just such action think II proper TO
that Ewing has sold out TO the Boil Telephone people.
/ think we could mako an arrsngement with them To
| had better him On the subject ana
see what can be done provided it meets
,our views You can explain tue whole matter 70 MIN:
The telephone field Is the most inviting one know OF
gave Colonel Looney letter 10 General Ewing which
vou can read, and you approve he can deliver nav"
also written by mal to General Johnston and Harry au,
thorzng them to my name IN any arrangement you
and they may deem II proper to make with him
Some OF Colonel YOung's letters express fear that
General Thomas Ewing who had acquired q large IN
terest In tho patents OF Rogers. which are now
owned by the National Improved Company, had "sold
ont 10 the Boil people" Colonel Young. at whose in
stance Coouel LoOnsy, OF Memphis made journey
North gives him letter Of Instructions which is to be
submitted to Regors for his approval Indeed. the whole
| CORES pondence shows tnat the "confederates
fully recognized their obligations to their
beuefactor and that they constantly
referred matters to him for his approval At later
period there was decided change of tone and the wishes
OF the benefacor been wholly disregarded
This was after the "c0nfederates" determined appar-
entity not to obtain charter and fulfil the other con-
dltions OF the original agreement.
Several letters bearing this phase OF the matter will
be given hereafter Will letter showing that some
or Dr. Rogcrss partners were anxious to Keep matters
ouiet lest "A cry OF Credit Mobier" should be raised
| bocause 40 many Senators, Congressmen and other
nnlniaIa inlernatcd. Colonel Young