The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1866-03-27
From the Memphis Bulletin, 20th inst
A New Era in Telegraphing in the

South.
Tho Southern Telegraph Company, hav-
ing obtained the necessary charter in the
Southern States, is about establishing its
lines connecting all the Southern States.
The work Of organizing this Company has
gone on very quietly, but the movement is
not less important and vital on that ae-
count. 1t is q movement that goes directly
to the liberation of the press of the South,
the commerce of the South, the finance of
the South, the social life Of the South, and
even the politics of the South, from pre-
sent evil and perpetual menace. There is
at present nothing like free trade in South
ern telegraphing. The existing lines belong
TO single corporstion-that corporation is
a M0R0poly-it fixes rates at its own plea
sure and the public must pay or remain un-
served. Moreover, with the instinct Of all
close corporations and profitable monOpo-
lies, 1t springs out in active opposition to
any movement 70 build competing lines,
whereby the public may be better or more
cheaply served.
These are the facts which have called the
Southern Telegraph Company into exist
ence. 1t proposes to be owned by the South
ern people, and to be worked primarily in
their commercial and social interests. 1t
has connections already assured with the
Middle and Eastern States, and with an in
dependent line also TO be constructed this
summer from Boston te Halifax, that Will
weave into one network every commercial
point on the Atlantic sea-board and the
Mississippi Valley. The most OF this work
is already done. A Louisville, Kentucy, pa
per Of q late date says: "Men with ample
means propose TO build q new line from
Boston to Halifax, and have charters for
that purpose. In connection with others,
they propose TO extend the lines Of the In
sulate1 Telegraph Company, and the Bank
ers and Brokers Telegraph Company vest
ward from Pittsburg and Wheeling, where
they now terminate, to Cincinnati and Lou
isyille, to unite with the lines of the South
ern Telegraph Company, and make the
| connection through from Halifax to New
| Orleans, connecting by wire all the great
cities Of the continent
The Southern Telegraph Company hav-
ing such connections, will afford unsurpass-
ed facilities to the Southern people 10 re-
ceive from first sources, and through chan
nels Of their own the most important COM
meroial news from all parts Of the world
and they will be able 10 keep this advsnt-
| age pcrpetldlly IN their OiCH hands. This Is
the great feature in the enterprise, and ev-
cry man doing business in the Sonth should
promptly come forward and identify his
Interests with the Southern Company when
| its stock books are opened.
WiA Il payy Nothing viii pay so well.
Telegraph stock, like good Express stock,
is above par al over the eouatry. Il is a
business that is ever increasing, and in
stead Of commercial reyuision and ruin i'm
| pairing its revenue, those very all winds"
blow good TO the telegraphers by the
| greater demand that thereby grows mp for
/ frequent and rapid communication between
/ financial centers. The old lines Of telegraph
/ throughout the United States have consoli-
dated until their stock represents msny mil
/ lions Of dollars, expended in early and inn
/ perfect telegraph.c lines, many Of which
had 10 be rebuilt entirely. And yet these
/ old lines pay large dividends, and their
I stock cannot be had. The Southern Tele-
/ graph Company, coming into the field when
| science has perfected the telegraph, can,
with S5Oo,000, its capital, build lines that
/ would be estimated st nearly s., ,000, 600,
/ costing as the old lines have cost. The div
| idends OF the Southern telegraph Company
can hardly fail TO be among the largest that
any stock company has ever earned in th is
/ country.
Memphis VIII learn more partioulsrly
| about this company in q few DAYS. NJ.