The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-04-12
ANOTHER TELEGRAPH.

plation between Boston and Washington. As the
Morse patent expires on the goth of June next the
heid VIII be open to competition unless the patent
should be renewed by act of Congress, which is
not probable, as the owners have already had
monopoly for twenty years, besides pratuity
from the Government of thirty thousand dollars.
10 give some idea of the present telegraphic
combination now existing, we copy from a pub
lished report of the American TELEGRAPH Companv.
signed by its officers:
1.-THE telegraph confederated under certain CON-
tract, dated August 10th. 1857, (called the six
party contract,) and modified by two other con-
tracts-one dated May Goth, 1858, and the other
October 18th, 1850, ru;-Thv AuIvr iva.. Tolo-
graph Company; The New York, Albany and
Buffalo Electro Magnetic Telegraph Company;
The Atlantic and Ohio Telegraph Company, and
the Pennsylvania Telegraph Company, acting to-
gether under contract of union. The Western
Union Telegraph Company; the New Orleans
and Ohio Telegraph Iessees, The Illinois and Mis-.
sissippi Telegraph Company; The Montreal Tele-
graph Company. These various companies own
all the telegraph lines in the United States and
Canada, with the exception of a few inferior or
side lines which serve feeders to the main lines
owned by the members of the confederation.
'The contederated companies agree to inter-
change business, and cooperate with each other
for the purpose of mutual protection. Provision
Is made Tor extinguishing competition by reducing
the tariff upon any route wherever rival line
may be established-the loss beinq borne by all the
companies forming the North American Telegraph
CoJederdtton" Here is a combination for the
their patented monopoly expires, thus subiecting
the press and the public to charges which enable
the owners to divide large dividends on more than
ten times the cost of netc lines.
The need of an opposition line is therefore mani
fest, and If the monopoists ''erttnguiSk" it, the
public will at least have the benefit of cheap tee-
graphing while it lasts. 1t is, however, probable
that well built and well managed line between
Boston and Washington would be sustained by our
business men, in defiance of every effort to DESTROY
it. Cheap telegraphing and cheap postage are
alike important to the press and the public.
The capital stock of the American Company is
stated as follows
To the old American Telegraph Company $3.50 900
To the New York and Washington Printing Tele-
To Trustees Of Houses Telegraph Patents oooo
10 the Magnetic Telegraph Company ......., 500 600
To Morse, and Kendall, and Wallis Execr .ors 1O7 GOO
10 New York and New England Union Telegraph
company. 303 900
To various companies represented by Dr. Norris 10000
$1,000, 900
The profits are stated as follows:
Quarter ending May 1st 1860. s5o71s 6s
Dividend on business first quarter 43 O5O 90
Balance profits second quarter.,...... 57SoI So
ST., 628. SO
Dividend second quarter. 45054 SO
$50 574 90
Here we have a showing of nett profits for six
months more than sufficient to build line of two
wires, with all necessary fixtures complete from
Boston to Washington.
We do not believe that any company can hold
monopoly of any business in this country where the
profits for six months equal the whole capital neces
sary to do the business.-Philadelph Inquirer.
4 WAR PROGRAMME PRoposED BY THE New York
CoUR1ER.-The military editor of the New York
Courier has prepared a programme for Mr..
Lincoln, by which our political difficulties are to
h
follows:
first-Throw into the southern part of Texas by
sea, the Gisposabe army force and some five
thousand volunteers in addition.
Secon@-Call upon the Northwestern States
forthwith, to furnish fifty thousand volunteers, to
assemble without delay at the United States Arsenal
at Baton Rouge; first concentrating at Cairo at
the junction of the Mississippi and Ohio rivers
Mird-Call upon Pennsylvania, New York and
the Eastern States, for fifty thousand volunteers to
assemble, without unnecessary DELAY, at Washing
ton, in the District of Columbia.
Fourtb-Commence a march with this latter
army to the Southwest, leaving of course, strong
force at the seat of Government, and at the same
time direct the army of the West, assembled at
Baton Rouge, to form junction with it at Mont
gomery or any other point that may be deemed
advisable, leaving sufficient force to protect the
United Staes Arsenals in the country through
which the armies may pass; and of course taking
the necessary measures to protect the friends of
the Union against any traitors who NAV be found
in rebellion against the Government in that quar-.
ter.
This programme may be good in military point
OF view, but it does not agree with the declaration
of Mr. Lincoln S inaugural, that emo State shall be
invaded" nor with the avowed purpose of the
military and naval demonstration on the coast.
which is simply defensive.
New SToRY ABOUT GARIBALDI.-We have re-
ceived copy of L'Adriatico of March 2Ist, daily
journal published at Ravenna, Italy. 1t contains
an amusing rumor to the effect that Garibaldi is
coming OF professional tour to the United States
We translate the paragraph:
"Among the reports circulating in the newspa-
pers is one which refers to Garibad Since war
between the United States and the States of the
South has become inevitable, the government of
the Union seeks commander to lead its forces
against the rebels, and is looking to Garibaldi.-
There have been agents sent to Caprera to induce
the Hermit OF Caprera TO take in hand the cause of
freemen against the protectors of slavery, and
Garibaldi, say the newspapers. seeing the war
with Austria postponed, is the point Of Welding
and is consulting his friends about it."
The bill appropriatng $500, 900 to arm the mill
tia of New York State was sent to a committee in
the Assembly for an amendment providing that the
appropriation be made if, in the judgment of the
Governor, Lieutenant-GoverHor, Secretary of
State, and Controller, it be deemed necessary.