The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1866-03-16
Telegraph Furor.

Telegraph Juror.
At no period in the history Of tele
graphing has there been so much eS
element as exists at this time. Tn,
| recent consolidation of four or NOR,
companies into two great companies
called the American telegraph comps
ny, and the Union telegraph company
has created a furoF in telegraphic cir
cles. This excitement has been inten
sifed by the report that the two com
panies above named are about to con
solidate and form the American Union
telegrph company. This consolidation
is not yet an accomplished fact. Never
| theless, the consolidation may be eff
fected, and a great and powerful cor
porstion may be formed 1t would
probably have capital of fifty millions
of dollars, and in magnitude its capital
would be equal to, or greater than, the
Illinois Central railroad company, Erie
railroad company, Pacific railroad com
pany, or Trinity church. While such q
telegraph corpation might be harmful
to the public as q monopoly, we are sat-
istied the people Of this country would
remain subject to its influences only
temporarily.
The companies may consolidate until
they absorb all existing corporations in
one great corporation, and exert great
influence in the country, and do much
injury TO the public for time, but in
this country, opposed to exclusive priv
ileges and to mOnopolies, We feel the
fullest confidence that such evils viii
be endured but for a short space of
time, and cannot last long. The people
will have other and rival companies and
lines, and viii force fair rates and equal
privileges to all classes. 1t is evident
that the attempt at monopoly IN tele-
graphing will meet with determined
opposition, and result in the construc-
ton of new lines and routes. Tele-
graphing has besn exceedingly profta-
BILE for Che past hVe OF six years, and
the business has increased very much,
and mist continue to increase, and the
present and new companies to be formed
must make large profits and pay hand.
some dividends. There is an opinion
which obtains very generally, with the
best informed men, that telegraphing
will become so general, and will be so
cheapened by the immense amount of
business, that it will take the place of
postal arrangements at the great CEN
ters of population. We feel no doubt
that the business will increase so much
as TO make telegraph stock profitable
and telegraph companies a desirable
mode of Investment.
We learn from a gentleman well in |
formed and interested in the business, |
that men with ample means propose to |
build new line from Boston to Hall |
fax, and have charters for that pur-
pose. In connection with others they |
propose to extend the lines of the ain !
sulated telegraph company, and the |
Bankers Il Brokers company, westward |
from Pittsburg and Wheeling, where |
they now terminate, to Cincinnati and |
this city, 10 unite with the lines of the |
Southern telegraph company, and make |
the connection through from Balifax |
to New Orleans, connecting by wire all |
the great cities of the continent That |
this is possible, and Will be accomplish
ed, we entertain no doubt. The at !
tempt by two or more companies to |
and form a monopoly of |
the business OF. telegr8pbing will slim |
ulate opposition, and hasten the &C |
of the work. The peo- |
pie will not submit 10 exorbitant and |
rates, when large profits |
can be made at fair and moderate rates.
We are glad to learn that the South
ern telegraph company, already or
ganized in this city, is Cne of the links |
in the chain Of telegraphs to form the |
line from New Orleans to Halifax. This |
company commences under favorable |
auspices, and we trust will prove a sue.
oes5tul enterprise under the manage |
ment of the gentlemen controlling it. |
We have before urged our citizens to
give their support TO the enterprise,
and lend their aid to secure its speedy !
We have urged such sc
ton because we believe it will promote
the public interest, and yield profitable
upon the Investment. We shall
show our faith by our works, and shall !
lake such an amount Of stock as we are
able We desire to see the line built
At once, and trust the citizens of this
,ity aud all other points will give their
aid to the work. The construction of |
this line will furnish and secure to the
and general public all news
n regard to markets and condition Of /
the country, as well as private intelii 4
gence, impartially and st fair yet re
rates. Egis D1m.