The sun., 1908-04-13

his good faith by becoming interested with
us what We propose 10 do.
As to my personal reference. I have lived
| In the neighborhood where my family now
reside about seventeen years aud our home
property Ia located at BOj6 Peoria 81 treet which
is but three blocks from the Chicago City
Bank, one VI our most reliable state banks
and II you will refer to the president be will
tell YOU that my record has been Al and
that have done business with him personally
for a number OF years.
Davies speciality for several years was
oil stocks, and as late as January 81, 1907,
he was at the head Of l.. X, Davis h Co.,
bankers, in Chicago.
One OF the most attractive features Of
the American Union Telegraph Company 4
literature IL bulletin giving alleged in
dOrsements Of the scheme by officers Of
the Commercial and Railroad Telegraphers
unions, Al the head Of the list Is the follow
ing from W. W. Beatte OF Washington.
president Of the Commercial Telegraphers
Union:
beg TO say In reply 10 your favor OF the
t1th that as your motto is Justice TO all "
| can heartily indorse any such proposition.
| therefore wish YOU much success In your
Tlsudable enterprise.
THE Sun asked Mr. Beatte just what his
supposed Endorsement meant. He replied
~ follows.
did not iudorse the scheme Of Mr. l.. X.
Davis the organizer. | merely indorsed the
motto. as my letter will indicate. Justice
TO all" Therefore he has not been authorized
10 use my name In connection with his enter
prise.
MIR Beattie also sent 10 THE Sun Organ
iler Davss letter to him which drew forth
the reply that is used to boom the stock
sales. The letter reads:
We send you under separate cover pros
pectus outlining the plan We have adopted
for the organization Of the American Iuion
Telegraph Company.
We thoroughly understand that It would
not be the proper thing for the G.. T. L. OF 4
to indorse any business proposition as an
organization. but We feel that nasmuch as
we have pledged our undivided support to
union operators and have gone on record In
no uncertain manner a. to what our future
policy will be that we should be glad 20 hear
from you and have any suggestions that you
may care TO Offer and that may in nOwise
conflict with your position as president Of
the order or AFFECT you otherwise,
An inquirer went down to Davis's Office
the other day posing as a union telegraph
operator from lonkers and learned from
him several things about the company
which he hasn't put into print
There is a great future in this for you,
said the organizer. we need good intel
lgent men like Won among our officials
We will have a line working 20 Chicago in
a very few weeks now and before long will
have wires clear out to the Pacific Coast
We will get our wires into New York through
q tunnel below Fourteenth street and have
already planned the line to Philadelphia.
IL will then be very simple TO get to Chi
cago We are having great success with
the independent telephone companies. They
are very anxious TO lease their wires 10 us.
We will use the Morse instruments, for there
ia nothing better, as you know yourself.
We can pay per cent. diyidends easily
II the Western Union squeezed the SIS 900 900
worth OF water out Of their stock they could
pay 80 per cent, and ! don't see why we
won't be able to do much better, because
the union operators will all be interested in
throwing business our way ! know what
the game is and I'm going to make the
boys all rich
'You won't let the scabs in on this, will
your
Not on your life
MIR, Davis may or may not nave known
when he was selecting the company's name
that he was using one that still belongs to
the Western Union. Back in the '7Os when
the telegraph was young, the Western Union
was owned by William II. Vanderbilt Jay
Gould then built the Mutual Union Tele-
graph Company TO compete with il and
after a short competition 1t was agreed 90
consolidate under the name Of the Western
Union. There we're developments that
didn't suit Mr.. Gould and he broke away
and organized the American Union Tele-
graph Company. After three years more
OF brisk fighting the Western Union made
peace overtures and Mr.. Gould financed
the purchase Of the Western Union, again
and retaining the name