New-York tribune., 1890-04-20
THRE1TENING THE UESTERN UNION.
CHICAGO BOARD OF TRADE MEN DECLARE THAT
THEY VIII HAVE LINES CT THEIR OWN.

CHICAGO BOARD OF TRADE MEN DECLARE THAT
THEY VIII HAVE LINES CT THEIR OWN.
Chicago. April 10 lspccian.-rniess the Western
Union Telegraph Company comedies the demands OF
ihe Chicago Board of Trade. 1t is likely that that
organization will proceed TO erect its own lines 70
connect with the Boards Of Trade Of the prominent
cities Of the country. Robert Lindblom. promi-
Board Of Trade to- day said II the tcle-
graph companies don't restore the old rates that wcre
IN vogue previous TO April /, telegraph linz VII! be
established between New-York and Chicago. with con-
nectlons to the Toledo. Buffalo Albany. and possibly
Boston and Philadelphia Exchanges. \ company was
organized two years ago TO build such A line. and |
have here signed and sealed the contract 10 construct
the line il the intention to sell bonds 70
build the line but in order do that there had to
be regular assured income. tried TO get ten
private houses 10 put in our wires at $1,000 year
each. They were then paying $4,000 a year. Iut
they were afraid OF the Western Union. But that line
to be built without any Of the stockholders
putting in a dollar. 1t 10 have cost S25OoOO or
perhaps 100000 1t might cost little more now
for night OF way. but ! wouldn't want more than
100000 to put the line in full operation. Thcrp
are 1850 members Of the Board Of Trade
here. Let each subscribe $500. Let each one
Of the 100 members Of New YORK Exchange sub
scribe 1900 and there's another ~ 900, 900. There
Is no question about getting the money ! could get
all In twenty hours. fast as could see tho
people. supposing operating expenses 10 be 10 per
cent OF the cost That is 100000; add another per
een' iof Tile dividend and il has 100000. pay
s-'"V ior teiegrsphhg myself In year. Eight
su'" oeaiers would pay expenses and make profit.
d" would pay exclusively for board Of t:ade business
up 10 O'Clock. After that il might take the pubc'S
messages and charge five cents for ten words"
ho" about the right Of wayl II would not be
sions tie railroads. That Is already monOpolzcd.
" "ouio be preferable along public road. with test
it stAuons' say fifty miles apart II would be much
tsss'er 70 repair break On such line There need
49, "suhg i0r trains and IL l. much easier 20
oicak while one l. riding on horseback than
e,1'ea n,h II Will not be deferred 49,. When IL /,
., scs.cd, u VIII be the nucleus o! Governmental
xaN. %Ieefaph You know, OF course that the
~ 1871 I'll 'hlon Will send a dispatch from the Board
go. e1o hcro 10 the Milwaukee Exchange for five
q, e".s' ien years ago the Western Union gathered
=. =. .ompcu'or. forget wat it, was. but.
~, as.s iar, tie rate for messages az once put
~ '.on .iIeeh cents 10 twenty five cents. TlIcrc
Protst against that We asked the Western
.mon . 10 return u the old rates. i-yefuscd. Then
N,. mehpers OF both boards myself among them.
-. -. nle nom here % Milwaukee fOY $4,000. We
y.sc oeen onefed 100000 for u hy the Mestern
s< ou' provision In the by laws that no member
S"ns,,ser ussier MS stock without first Offering II tO
taoauc's 49,. al par. prevented the Western Union
y~r osu, Tn SWDso.sDhs II. II paid for itself within
rm.ss.n "sS.fh Union came down 10 fifteen cents
~ ase s anu uleh dropped 70 five cents. We stu
NIX ~ onr ra,e, ten cents, but the Chicago and
49, sSp"snhee Telegraph Company docs a good business
- mc last semi annual dividend was fifteen per
ent on capital stock ~ ~ ~