Show 6 OPiOSITIOX 04 Powerful Combination Against the Western Union CHICAGO December 25Th Tribune has the following Ldpal telegraph circles are agitated by reports of the formation for-mation for a new and powerful telegraphS telegraph-S I1c1ic tewhich it is said will enter during dur-ing the early part of the New Year actually ac-tually into opposition to the Western Union John W Mackey of the Postal CoRobert Garrett of tile Baltimore Ohio James Gordon Bennettt and the Bondholders Bankers and Merchants Mer-chants company are said to be the moving spirits in the enterprise These combined interests include over 200000 miles of wires now in operation representing repre-senting a plant valued atabout30qOO000 which bY addition of some new working work-ing capital and stockWatering1 process I pro-cess known to organizers pfsyndioates will swell the nominal capithl of the organization or-ganization to 60000000000 Prominent men claiming to be well informed assert that the IreW deal was fixed at a conference held in New York between Mackey Bennett and Garrett I and the bondholders bankers arid merchants prior to the late departure of I Messrs Mackey and Bennett to Europe to look after their cable interests These active members of the syndicate are represented re-presented to have been awaiting legal decisions involving the stability of some of the bankers and merchants leases before closing the deal and mbarking publicly in telegraph competition oh a vast scale There are minor differences differ-ences of a local nature confined mainly to Chicago and New York between the Bankers and < Merchants Baltimore g nd jOhio and the postal companies arising i from the complications of the recent pool but the presence in this city the last few days of Mr Edward Wheelerof New York Mr Mackeys confidential agent is considered a guarantee that they will be amicably adjusted without recourse to the courts Col ClowA of the Western Ouion was seen regarding the reported organization of the syndicate syn-dicate He thought it was much easier to organize syndicates on paper than to procure business for competing line Even if such combination should be perfected per-fected it would not effect any sudden reduction in Western rates The policy of the Western Union had been the gradual reduction of rates as the earnings of the company increased Mr Mason Col Clowrys assistant said he had heard recently of efforts on the part Messrs Mackey and Bennett Garrett Gar-rett Mott and G W Childs of Philadelphia Phila-delphia to induce Powderly president of the Knights of Labor to instigate another strike among the Western Union operators in order to force the company to grant certain concessions con-cessions but that move had collapsed without result |