Show w w a JAY GOULDS SCHEME lie lo 10 encircle tho whole world with a aud sj of Telegraphy by va wa NEW YORK feb jay gould aid to a reporter yesterday in answer to his questions that the consolidation of the telegraph companies against which anfus hatch asked an injunction has been finally accomplished shed so that it is not likely to be disturbed by any legislature or judicial action it is a transaction completed on just and fair terms to all concerned as well as to the public and in compliance with law so it cannot bedis by legislation and as you will see by the very able decision of judge barett which has been concurred in by the attorney general of theS lale that the courts affirm the absolute legality of nil that ha been done I am very glad to have the opportunity to say he object of the consolidation was to carry out a long cherished plan of developing in ahe united states an efficient system of cheap telegraphy on a great scale both by sea and land when was in europe ir was struck by seeing how much more freely the telegraph was used in or kiniry private business than in this country this is especially true of switzerland of course the to be covered in this country arc so enormous and aba population so sparse we cannot for some tinie to come expect to see the work of cov erina the whole country with a tele raphia system dono as cheaply here is in blittle country like switzerland but am under the ys iem without conflicting interest to osk afier and with the expenses of only one organization instead of three or lour to be met such economies can be introduced into american tel egr iphy that rates t I ho press and public can be gradually and ays eys emali cally without im dairing the efficiency of the service do you think then this will be iho result of the of course I do it will be the policy and purpose of the to effect this I went into it with this view and J shall certainly use my constant effort and all my to make this policy and this purpose successful of course you know that this is not the general impression and there are movements in produce stock and cotton exchanges looking to new telegraphic projection yes I know this and I am not surprised at tha solicitude with which merchant and business men have looked at tho consolidation about which BO many stories have been sot afloat if there had been any truth in these stories ge would had very good eason to set organizing new companies but when sensible people ame to tind gen practical comprehensive plans for he future which they athing direct special wires between business us iness exchanges all over theroun the coun try and putting them into direct communication with each other and with the great markets of europe I think they will see in a different light my idea of a telegraphic system is to supply everybody who linhrt control of telegraphic facilities with chobe facilities giving private bui wires of their own whenever they require them and doing ho same thing for newspapers exchanges and in short all interests the new company now has under contract through the new cable corn bainy organized at albany two cables between this country and england which aro to be laid early the corn ins bammer will also be laid from cuba where they will connect with our system to other west india islands to brazil and other harbors of south america as wasll as from san Franci fico to china japan Oc eanica and austra iiii with a northern line by way of paget sound to alaska and northern at Kamsch system eo that at no distant day st petersburg will be in direct communication with new york by way of aia as well europe england will reach her australian colonies through new york and by our american lines cheaper and more expeditiously than over eng ih wires through the cited sea and by way of india then you contemplate a general cable and telegraphic around the world certainly we d and we contemplate such system AS an american system ot which new york and not london shall bo the centre I see no reason why the united states should permit a position which gea graphically to be taken away from us by england while rival telegraphic companies in this country were edeli other for domestic husi nebi they could neither do domestic buetsc buet nc on sound principles nor do anything to compete with great britan for the general business bui iness of the world now we have changed all thit bow complete you may judge when I tell you that gince the cou toli dation hive been gub bribed to carry our biblo conneol eions into eject |