The Sun.
London, England, 1864-03-19 00:00:00

ABRIDGED PROSPECTUS.

The Directors of Bonelli's Electric Telegraph Company
(Limited), having established a line of telegraphic communi-
cation between Manchester and Liverpool, the working of
which has proved, even beyond expectation, both practically
and commercially, the unrivaled excellenc of BaneWs
system, propose to extend their operations throughout the
United Kingdom. With this view it has been determined to
issue new shares, raising the capital of the Company from its
present amount of £25,000 to £250,000, in order to enable the
Company to carry out the highly advantageous arrangement
already settled with the patentees for the acquisition of the
entire patent right for the United Kingdom, as well as to
meet all the remaining expenditure necessary to establish
the operations of the Comp my on the proposed enlarged
footing.
it is confidently expected that by thus extending to all the
important districts of England the signal advantages, prac-
tical and economical, possessed over every other system of
telegraphy in use by the Typo-Electric Telegraphy, and
through the reduction of the tariff to a uniform rate of 6d. per
ordinary message of twenty words, placing the boon of tele-
graphic intercommunication within reach of the masses, new
and boundless sources of business, and consequently of profit
to the thareholders, will be created, while to all who already
use the Electric Telegraph will be secured for the first time
that rapidity, correctness, and punctuality, which, from the
nature of the agent employed, the public had a right to ex-
pect, but which, until the Chevalier .lionelli's invention, has
never been practically attained.
1. Each message is printed by the very act of transmission,
in clear Roman characters, and as so transmitted is delivered
without further process, to the receiver, thus absolutely ex-
cluding all possibility of error from any source existing be-
tween the sender and the receiver.
2. The extreme rapidity with which messages can be trans-
mitted allows these instruments to keep pace with the largest
amount of insiness within the experience of existing estab-
lishments, and places them beyond all likelihood of being
overtaxed, even by the increased pressure of work that must
inevitably ensue from a uniform sixpenny rate for the ordi-
nary message. This rapidity and certainty of working ap-
plied to journalism must produce results even more marked,
and it has been proved by practice that a speech which by the
ordinary instruments occupied six and a half hours in trans-
mission, could with an equivalent staff be printed off by the
Bonelli Telegraph, in the space of one hour and a half. No
less emphatically does the instrument recommend itself to
members of the Stock Exchange, to whom it ensures that
absolute accuracy, united with exemption from delayin com-
municating with their correspondents, which cannot be inva-
riably counted on under existing systems.
3. The automatic nature and simple working of the Bonelli
instrument renders it independent of specially trained, and
therefore highly paid manipulators.
4. The necessity to which all other telegraphic establish-
ments are exposed of increasing the staff of operators in pro-
portion with the augmentation of business, does not exist
whereßonelli's instruments are employed; and, consequently,
all increase of business must prove almost absolutely clear
profit.
A system to which the above capabilities can be attributed
without an approach to exaggeration, and which, therefore,
profitably to its promoters, places Telegraphy in direct rela-
tion with the requirements, actual and prospective, of mo-
dern society, cannot when once established on a commensu-
rate footing, and tested by the public, fail to supersede all
less perfect means of Teleeraphic communication, as com-
pletely and universally as steam and the rail have superseded
the stage and.the post road.
Prom c dculations based on actual experience, and scrupu-
lously limited on the side of probable business, it has been
deduced that a most satisfactory result may be at once relied
on, and which is eventually destined to be largely exceeded.
The directors, moreover, are already in a position to state
from negotiations that have been commenced with every
probability of being brought to a successful issue, that there
is a reliable prospect of establishing, within a very limited
period, sources of revenue to the Company totally indepen-
dent of profits from ordinary public business, and sufficient
of themselves to produce a satisfactory dividend.
Prospectuses aad f orms may be obtained from the Bankers,
Brokers, Solicitors or Secretary, at the Offices of the Com-
pany. Each application must be accompanied with a deposit
of LI per share, which will be returned without deduction if
no shares are allotted.

From the date of issue until the final closing of the lists
the Bonelli instruments may be sew in optratlon daily from
Twelve to Eour, at 7, Angel QM&