Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1865-06-22
TERMS Oh ADvnaTrysNc.
Earnings Of Telegraph Compan-
les.
IFfOm the N. Y. Journal Of csmm.r.e,1

lffom bi' Afs u SoufhhI oI Ccmuofae1
A statement in the money article of the
journal OF Commerce Of the 3lst ult. set.
thug forth the monthly earnings of tele-
graph companies, Is calculated to convey
erroneous impressions with regard to them,
and makes 1t proper that the facts should
be so stated as to convey the truth.
In the first place it should be known that
the lines Of the Western Union and Ameri-
can Telegraph Companies, and such lines as
| are leased and controlled by them, are the
consolidation Of the oldest lines of telegram
IN the country, and are understood to be
represented by joint capital of from S25,-
OOO,OOO to $50, 900, 900. Until q very recent
date they have had complete monopoly of
the use OF electricity in the conveyance of
intelligence, not only for the public and the
press, but since the war began, for the gov.
ernment. ....
On the other hand, the United States
Telegraph Company was organized only last
August, with nominal capital of $6,O0O,-
OOO, little more than one-half of which.
or about So, 100000 has been placed for the
purpose Of paying for the lines purchased
by 1t and Of building additional lines already
completed. and those now in the course of
construction. 1t is true that it has lines
working to many of the same points with
tue other two companies" and when its
lines are finished, with less than half the
amount of capital stock, upon which to pay
dividends, its lines will reach all the prin-.
cipal points that are reached by the other
two com, anics, including the PRINCIPAL
points in the mining districts of Colorado
and Nevada, and the principal cities and
towns in California; contract for the con-
struetien Of u first class, two wire line, hav-
ing just been completed with parties fully
able to carry it into effect in the shortest
possible time, running from Chicago and st.
Lomls to the Pacific, at San Francisco.
Up to the present time, however, several
OF the principal cities and towns of the
West have not been reached by the lines Of
the United States Telegraph Company,
principally in consequence of the factious
opposition of tho cid companies in their
effort to maintain their monopoly-such an
Cincinnati and St. Louis; But notwith-
standing, its monthly earnings have grad
ualiy and permanently increased, as might
have been ascertained from little further
examination of the U. S. Assessors books,
from which it appears that its earnings for
January 1865 were. ,662
February, ............................. ~, ,l9O
March, SO. O78
April, 56.OS5
Inc total earnings OF the Assessors books
OF the Western Union and American Tele-
graph Company, for six months, is 81, ,79l,-
4l5' which is little over 81 per cent. Oh $780,
600, GOO.
The total earnings of the United States
Telegraph Company, taking the average Of
its earnings for the last four months, as per
the Assessors books, will be for the current
six months, S273,04S, which is about per
cent. on So, 900, the amount of its stock
placed, and which will complete its lines to
Cincinnati and St. Louis, and several other
important points in the West to be done in
brief period.