Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1847-01-20
Ne,0 York and Neu Orleans Ielegraph.

We have received from John NJ. Leisch
ESQ, of New York. The agent appointed
TO nb'ain subscriptions, pamphlet, entitled
"a Prospectus, showing the cost and COM
paralive revenue of Line of Telegraph,
connecting New York Ci'y with New Or
leans"
Irappears from this prospectus that it
is The object Of the company TO estab lish a
linc of telegraph from Washington Ciry.
through Petersburg. Va. to New Orleans,
by the way Of Raleigh, N. C., Camden,
Charleston, Aiken, S. c., Augusta, West
Point, Ga, Montgomery, Ala. Pensacola
and Mobile.
The Prospectus furnishes a very i'm
partial view of the estimate, cost and
revenue of The proposed line, from which
we extract the following Items.
Ii is estimated that the communication.
by Telegraph, OF ESQ. words per hour, at
The rate of 50 for every Is words, would
amount inlhe course of "a hours 10 an
income Of SI.44a; which would in year.
Sundays excepted, make a gtoss.rey venue
t5ofS447;25U: Agaf1sisi !lis'is TO essstoFf
anexpense Of S4S, ,636. for hire OF opera.
:Isrs.. clerks. boys, wa,chposts, Gc..Sand
5000 for wear and lear Of wire, posts.
sc. making total annual expense Of
S63.636.
Admitting that the distance is 1900
miles from Washington City 10 New o.
leans, which is more Than it really is. NJ.
Lcilch estimates that the cost of conslruc.
ling two wires-one direct and one way
wire-nill amount TO S3O0,00Q.
Hence ii these estimates be correct, and
they certainly present every appearances
Of being so, ii results that The line will more
than pay for lis construction aud cunti1
gent expenses the first year.
In answer to.the objection tina, the
amuun, of business 10 lie transacted will
not occupy the whole "a hours, lie makes
comparison oflhe COMMUNICATIONS made
hv the express mail between N. York and
Philadelphia, New Orleans and Mobile,
during The three quarters Of 1927. ending
in September. which he feds to have
amounted 10 75S per Gav, being 3S more
than he calculated for the telegraph in
l547
But since 1887 the population Of New
York aud New Orleans. have greatly aug.
me6red, so 900 in The former and 10000
in The latter and the Banking Capital Of
NV York fro . S22,O00 to S25.O0O and
lis commercial business in The same pro-
portion, being an actual Increase of about
40 per cent over The business Of 1897.
We are much pleased with the views
sci f'rIh in this. circular, and cannot but
coiucirlc with the wrier in The. belief that
this line wi il furnish a safe aud profitable
investment for capitalists.
In re alton 10 The way line 10 Charles.
ton, he remarks that there can he no doubt
ofits success. as The stock of the line from
New York 10 Buff'lo, which has only
been in operation since September last, is
now selling at 90 per cent above par.
What then is to hinder Charleston. with
ar exporiable value, far exceeding that of
Buffalo, from being equally successful?
We are happy to state, that Mr.. Lloyd,
connected with this enterprise, is now in
Charleston, and that a meeting of the
Chamber of Commerce will take place
this evening, for the purpose of taking the
subjeci into consideration. We us,that
public meeting will speedily he called
for tho same purp"se.-Ere. Ne,Ds.