New-York tribune., 1888-03-27
MR. GOULD AND MR.. BENNETT.
THE FINANCIERs CAUsTIC CRITICISM OF
TIE EDITOR

TIE EDITOR.
EXPLAINING THE HERALp'sD ATTACK UPON HIN
AND MS coNpASIEs-TnE MISSOURI PACIFIC
DECLARES QUARTERLY DIVIDEND
T. L. ANDREWS DISCUSSES TIRE CASE
WHICH HE REPRESENTS AGAINST
THE" GoULD-sAGE TRUsrv
Jay 0ould was up TO his eyes In business from
morn rll eve yesterday. After DAYS rest fol-
lowing his long journey he was refreshed and as
acuVe as boy He was in capital spirits and
dispatched business, multiform and rapid In
ms once, with celerty and gusto which did
the souls of his associates good
After the meeting Of the directors Of the Mis-
souri, Pacific, who without dissenting voice,
had voted l-2 per cent quarterly dividend,
payable on April 16, Mr.. G0uld's attention was
I called by TRIBUNE reporter to his statement
published In The TRIBUNE on Sunday stating
that the powers underlying the criminal proceed
ings In the matter of the Gould-Sage Trust were
newspaper, cable company and a woman
Wen,' replied Mr.. Gould medtatiyely, zone
thing at time and it will last the longer I
rather think that to-day / might devote little
time to The Herald' and James Gordon Bennett
am told for / have no time to devote to the
choice literature in which I" The Herad,. delights
that it has been saying some sarcastic things
| about me. Well let us sce," and Mr.. Gould set
TIED himself comfortably in his chair and pro-
ceeded lcisurely: The elder Bennett left his
| son q thousand shares of stock in the American
Telegraph Company and had that son elected a
member OF the Board of Directors The first
service to which the younger Bennett devoted
himself was to demand that The Herald being
large stocllholder, was entitled to, and should
receive precedence over all other newspapers in the
transmission of special reports This demand
could not be acceded to. Young Bennett there
fore, became disgruntled and disagreeable as
sociate in the Board
" In fact he spent all his time as a director
In endeavoring to secure for " The Herald' adj
vantages over other newspapers, but in that he
was balxed. The limited facilities of the tele-
graph companies in 1866 did not afford that
prompt tranmissions of news reports which is
now rendered to all customers and often stimuli
taneously to great number of individual papers
over numerous wires; but they were transmitted
as now, on the principle Of first come first served
and papers that late in getting their reports
from Washington, Albany and elsewhere had to
await their turn"
Mr. BENNETT LEFT OUT OF THE NEW BOARD.
Mr.. Gould paused moment and then added:
Mr.. Benefits opportunities had this effect:
When the American was absorbed by the Western
Union, Mr. Bennett was not one Of those who
were taken into tho Western Union Board. So
1t is not so surprising some people might imagine
that for the last twenty or four years The
Herald has always been ready 10 crticse and
denounce the Western Union on tae most fimsy
pretext. Those criticisms in a greater degree date
from the retirement OF james Gordon Bennett, jr.,
from the Board of Directors of one OF the large
telegraph companies now embraced in the Western
Union.
The bitterness of The Herald" Mr.. Gould
went on gently, has been intensified since the
refusal Of the cable pool to renew the contract
Mr.. Bennett had with the French company for
special rates, about one-haf the price that other
newspapers were charged The renewal of that
contract, which expired in 1883, was demanded
hy Mr.. Bennett. accompanied by the threat, which
he made in that urbane manner characteristic of
him. that if his demand were not granted an OPP
position cable would be laid. He saw the elder
Garrett, who agreed at time to unite with
Mr.. Bennett in procuring new cable but Mr..
Pender, of London persuaded Mr. Garrett that
an opposition cable would not pay. But, few
months later he found another capitalist who |
yielded TO his opportunities, and he got his re-
Mr.. Could smiled benignantly over the con-
Guiding sentence, and then continued pacldly |
Whether he got the benefit he had demanded and |
expected is doubtful question He has sue |
cceded in producing general reduction of rates, |
but whether that compensates him for for |
finances. The whole animus of The Herald
said Mr. Gould, suddenly becoming emphatic, " is
caused by our companys persistent refusal to give
James Gordon Bennett advantages over other news
papers advantages not only in rates but in priority
of delivery. And he has taken every opportunity
to denounce this company and its management,
and to omit from the columns Of his paper any
thing that reflects favorably upon the company or
it's officers. So much for the newspapers and
the cable company
MR ANDREWS is WORKING FOR THE PEOPLE
f. L. Andrews, who is the active visible legal
spirit in pushing the attack on the Gould-Sage
trust, was seen at the Hotel Brunswick by
TRIBUNE reporter last evening, when the follow
ing dialogue took place
Mr.. Andrews, who are your clients ~
It is alleged that Mr. Whitney is
Well, is he p
lie is not"
Are they foreign bondholders
They the people of the State OF New
York"
why do you not bring civil suit to recover
We are proceeding under section 541 of the
Penal Code, which provides for such action and
makes the District-Attorney office "a collector"
Are you acting from charitable motives IN be-
half of the people of the State of New-York?' ?'
No answer was given TO- this
Who arc your clients n
The papers on file show 1T all"
"Do they name your clients ~
. q whose interest are you actinsP'
"My clients
would settle this suit for S10000O?' {
That's falsehood On the contrary he
,fered me $50, 900 to desert my clients and throw
I'D the case so. IL
!" Where did you see George Gould?"
To this no answer was received.
A DIVIDEND FROM THE MISSOURI PACIFIC.
The Missouri Pacific directors met yesterday
nd unanimously declared a 1 1-2 per cent quarter
' dividend, payable on April g. The directors |,
resent were Jay Gould, Sidney Dillon, Russell
age Thomas Il. Ecl,ert, A. l.. Hopkins, George
. Could George j. Forrest, E. X. Sibley, and H.
l. Marquand The new board organized is the
anne as the old, l.. X. Sibley having been sub
tituted for T. l.. Ames and is composed as foi-
,ws: Jay Gould, Sidney Dillon, Samuel Sloan,