The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-10-05
TIE PANIC I'M COTTON
On New Orleans Exchange-PresIdeu
Eokert'a Statement.

EclCert's Statement.
NEW YORK, Oct. 4.--President Eek
ert, Of the Western Union Telegraph
Company. to-day telegraphed the fol-
lowing statement to President Parker,
OF the New Orleans Cotton Exchange,
in reply to the communication of the
latter official published this morning:
NEW YORK, Oct. 4. 1893.
John NJ. Parker. President Cotton Ex-
change. New Orleans.
DEAR SIR:--I am In receipt Of your
message OF yesterday afternoon. in
which you charge that the quotation
service OfIust Friday was no less GRIM
inhl than II 1t had been the result Of
wllful and corrupt deception and In
which you demand that the official or
officials whose neglect Of duty permit
ted such conditions and the operator or
operators who sent the dispatches with
out notice OF change should be known
to the world and promptly dismissed
"In answer thereto, and with all re-
spact to the members and officials Of
your exchange, and with every desire
to give to them assurance Of preCautiOn
against the possibility OF a repetition Of
the circumstances OF last Friday, beg
to say:
"First-That we cannot admit that
any crlmlnaIlty can be attributed to the
action or omission Of any official or OPP
orator OF the company. The eXplanA-
tIon already sent to you frankly and eS-
actly states the cause OF the confusion
in the reports and that cause must be
free from any Imputntion Of the
charge OF Intentional neglect or wllful
misrepresentation In any form or de-
gree. q.
Western Union Telegraph Company
and It's officials to ensure TO the New
orleans Cotton Exchange and all other
exchanges, the most efficient and rell-
able telegraphlc service possible. Your
long experience makes you cognlZant Of
the lntricacles Of that service and will
also confirm the fact that for more
than twenty years II has been per-
formed with eXactness, reliability and
promptness. This result has only been
reached by the education OF men, espe-
clally adapted to II.
"ThIrd-The instant dismissal Of the
men or any OF them who were on duty
on last Friday, would not accomplish
any good purpose, but might. on the
contrary, by the necessary substitution
OF inexperienced men, put the correct
ness OF the service in peril. to the equal
disadvantage Of the exchange and the
company. In the absence, therefore, Of
any possible suspicion Of dishonesty, OF
motive or action. and because OF our
wish md purpose so preserve the high
quality OF the service that has always
been rendered. with the one accidental
exception OF last Friday, we must re-
quest you and the members Of your
exchange 70 believe that we have al
rendy applied such discipline 70 the Of
ficlnls and operators In the commercial
news department as win best guarantee
tho impTObablllty OF any interruption In
any way to the excellence OF the SER
vice.
rcnched nfter the most careful eKaml.
nation OF all concerned In the service OF
Frldny, and with due consideration Of
the Importance OF the service to your
exchange. While Opprccintlng the
conditions which dictated your mes
sage we cannot hut believe that your
own reconsideration OF the subject VIII
lend you to coincide with us.
THOMAS 7. ECKERT,
president"