The Nevada journal., 1852-07-24
WEDNESDAY. july 81, 1859.
SACRAMENTO AND NEVADA TELEGRAPH
LINE.

by J. f. Strong and J R. johnson, Jr,,
Of Sacramento City, setting forth plan
for the organization of a company under
the general law for Incorporating tele-
graph companies in California, for the
construction of an electric telegraph line
from Sacramento City to Nevada, ria
Mormon Island, Auburn and Centreville,
and from Mormon Island to Placervlle,
ric Coloma, to be called the "Alta Cal
isornia Telegraph Line
To the circular are appended articles of
association to carry the same into effect.
The capital stock is set down at $40, 900,
with power to increase the same by
vote Of two-thirds Of the stockholders,
The stock is divided into shares of 500
each, not subject to assessment. Each
stockholder is liable for an amount Of
the debts and liabilities OF the company,
proportionatc to the amount Of the stock
owned by kim, and no more.
Strong & Johnson propose to construct
the line between Sacramento, Placer.
willie and Nevada, according to the fol-
lowing specifications
"With one iron wire Of the best quail
ty. size not less than No 0. properly Sc
poles to the m le, OF requisite height
and strength. There shall be requisite
magnets, registers and batteries, for the
SIX plates mentioned in the preamble of
these articles Of association"
The line is to be completed within
eight months after the payment of the
first installmcnt Of stock. The first in
stallment is to be paid thirty days after
the commencement of the work, and so
on till the seventy theusan;! dollars are
paid in, the last instailment when the
work is completed. When erected and
paid for, the line is the property Of the
the company,
1t is estimated, and on reviewing the
statistics VIC DO not deem the estimate
extravagant, that the amount for the
transmission of messages per day, on the
whole line will be $500, making an ng-
gregate of s2S7950 per year the ex-
penses of clerk hire, office rent, and in
cidental, $40 900 per year, giving nett
profit Of slS7,950 per year. The num-
ber of messages originating ut Sacra-
mento city, per day, is calculated at
100. the answers at GO, which at one
dollar each will be slG0 per day. The
number Of messages at Nevada 40, ans
wers 90, giving 500 per day. Placer
vile, Coloma, AMI Mormon Island, are
put on the same ratio Auburn at .s4j,
Centreville at S25, way messages At $50,
and fifty messages sent over the line
from the California Telegraph line, $50.
If these figures are fair statement of
the amount of business to be expected
from the different localities named, the
operation will pay twenty per cent per
month on the capital Of 1000 invest
ed. The estimates are made by per
son who has been engaged seven years
in the teiegraphic business in the at,
lantic States.
Telegraphic lines arc already looked
upon as necessities in the State, and as
safe and profitable Investment of cap
ital. It is said that company in the
Eastern States has recently sent agents
to this State to erect, with eastern capi-
tai, telegraphic lines, and that their
fnding the ground occupied by home
enterprise prevented persistence in the
design. The stock Of line from San
Francisco to Marysville, uia San Jose,
Stockton and Sacramento, is nearly all
subscribed in this State, and the line
viii be- completed in eight months.
With this line and the Nevada line, all
the more important localities will be in
hourly communication and there is no
doubt with large profit to the stockho.-
ders, furnishing also immense facilities
to business, and for the transmission OF
intelligence Of every description. We
look upon the enterprise with much fa-