The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-24

interest OF tho Tubular Dispatch Company OF
Mfholland. Mills, Nelson and the New York
Tribune crowd. The Senate Committee on APP
preparations has secured one Of these circulars,
and here It 10 In full:
TUBULAR DISPATCH &C BONDS.
n o per cent. Gold-25 years.
May be- called at ito any coupon day SSVU up pic 70
conveEtibIo into stock at the option Of thc
bondholder any coupon day between Jan. /,
4 called At. I'D. Tie holder may at any time.
within hye days OF the surrender Of his bonds
So%p psSS! y pYEJ pH amount ' Ssr SSIa. S ~ tire i5S1 ,tt sss
OF the company at not over ITO.
THE TUBULAR DisPiToH CoMpANy.
Capital STOCK 5000
oonus oVV,VVV
Mas tho s%Islusiye right to use Batcholler pat
ment to furnish tubes and all necessary ma
PRODUCE EScSsnso to General Posi- Once, and
from General Post Office to Grand Central Rail
way Station. at.S14s.ooo per annum, payable
Has arranged an aareem,nt with tho United
s ssciins aS SS%arn, pat to furnish ,nn tIses 81 &c, con-
offices and with principal railway stations, at
$3.50. 600 per annum, payable quarterly.
nas permits TO Spon all the streets needed for
The Government furnishes all power and
Do deP prseti ca fsf Is n ao furnish Asi the he e sH%ss asrs "a NO. 70
and the machinery for ,compressing air, and 70
sSSe e of sSe hhiEIa II SSfisi cSm Spasy' in TIC sSu sJ yssTs
OF successful operation has been that the coat Of
repairs Is almost nothing. In four years they
hours. The present issue Of bonds 10 secured
BY q first mortgage on the franchise, license.
70 the General Post ONCE, and from the General
Post Office to the Grand Central Station. The
ss sPs n sl i oi assst to S ssssg Tdr IA su ,HSsi ,S &c s ssn T.
ing year. Whom this 10 done, tho present issue
Of bonds ;Is vii Sdn DE Be- called in and q Larger issue
e s'iifi IL IL p present tbo bonds "a At liz within 1itSda'f the COM 10
Ing year. and holders may buy stock or not, %
This present issue of bonds has therefore two
First. It is convertible into stock. and the
ment contracts alone is likely to rise to q Value
Second. II is almost certain to DO called at
10 within . year, SO that the buyer II he does
uncommonly safe and profitable investment. .
This circular plainly tells how the Govern.
ment 10 TO be MIXED by the Tubular Dispatch
Company. The bonds of the company are to DO
peddled on the statement that the Government
Is to give the company q great appropriation.
which In tho end will increase the value of the
stock. The bonds of the company. in other
words. are spoken Of in this circular as o mighty
good investment. because the Government 10 ex-
pected to give Mtholland and Mills and their
friends all they want in the way Of appropria-
tions.
Now for a few more facts in the matter. Mil
holland has been here for o number Of days,
giving dinners to lobbyists Of all kinds. in the
hope of corralling people who may In the end be
able to influence the Senate Committee on Ap-
preparations. n BUN is informed of the names
of tho men who have attended Milholland's
dinners. II 1t Ii necessary, their names will be
printed. 1t Is not necessary to 20 to extremes
just at the moment, for the reason that the
Senate Committee on Appropriations 10 thor
ouGhly aware Of the " lob" that Mlholland and
Mills and the New York Tribune people are
attempting 10 put up on them.
Members Of the Senate and OF the House Of
Representatives are thoroughly aware that NIL
holland and his friends have attempted 20 bribe
congressman by sending them or their families
stock of the Tubular Dispatch Company free.
THE U can 60 into details concerning this
matter II It is necessary. TIE BUN is aware
that Milholland sent shares Of the Tubular
Dispatch Company to the wives OF influential
Congressman. and that the Congressman re-
quested their dutiful wives to return the stock
to Milholland. The wives wero obedient, and
Milholland has received back the stock he at
tempted to use for brides in the interest of the
Tubular Dispatch Company and It's Now York
Tribune friends.
Former members OF the Senate from tho
South and impecunious southerners who
were Mt one time members of tho House
of Representatives make I'M n mart Of the
staff of Milholiand ana his lobbyists in
their threatened raid on the United States
Treasury. It was said hero tonight that
Representative james ]. Belden of Syracuse,
N v. was largely ipterested In the afYaira of the
Tubular DIspatch Company. Mr.. Belden and
Mr.. Milholland are very warm personal and
~political friends. and Mr.. Belden IL a member
of tho Committed on Approximations of the
bo,-aver srnIain that bevons furniabing the 6rat
INV - 49,
useo 10 ouiio its tuoes no heo NO tuflner inter