The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-07
KIND OF LINE TO BE BUILT.


The Company propose to construct their lines
in the most substantial manner possible. All
material used will be of the most approved kind
and quality, and the work of construction will
be done by the company, under the immediate
supervision OF practical men, of long experience
in constructing and managing telegraph lines,
who will be instructed to. spare pains to make
every portion of the work of the very best char
acter.
CAPITAL STOCK.
The capital stock of the company is One Mil
lion of Dollars, and is divided into shares of one
hundred dollars each. The company desire to
distribute the stock in small amounts among the
business men along the entire length of the line,
in order to secure their interest in the welfare of
the company, and to secure to them, its patrons,
their share OF the profits from its business.
ASS EASEMENTS OF STOCK. es
Only five per cent of the stock win be required
TO bepaid in At the timeof subscription, nd SUBJ
sequent calls will uot exceed ten per cent. per
month. After the first payment of five per cent,
no further call will be made until Five Hundred
Thousand Dollars shall have been subscribed.
The company confidently believe that they will
not be compelled to call in more than fifty or six
ty per cent of the subscriptions, in order 10 place
the line in complete working order.
40 DIyIDENDs
From carefully prepared estimates, based upon
the amount of business done by the companies
now IN operation, anu giving them an equal snare
of the business between competing points, the
company confidently believe that large and re-
| munerative dividends be made and they
further believe that taking into consideration the
| great advantages which they will possess in a
short and direct route they will be able to secure
nearly oil the business along the line, which will
place the stock at high premium, and make it
| one of the best investments to be found.
- WHEN To BE DONE. .F
The company propose to commence work at an
possible, and intend to have their lines completed
| without delay.
DIsTRIBUTION OF ECrORS.
| The stockholders will be represented by Direc-
| tors at the principal points of the line.
| ssgzss... THE PROSPECT
Is most iattering. The location of the line is
one OF the best in the country. 1t passes through
n large number of importantcitie and towns where
| commercial intercourse is large and rapidly in
cressing. The country along the river is receiv-
| ing constant aecessiens of wenlth and population
| and these will bring an increase of trade which
| must correspondingly add largely every year to
| the business and profits of the company. Allthe
old telegraph companies throughout the country
| are now, and have been, paying satisfactory div
| idends, capital stock that has been repeated
| eddy watered. If these companies, controlled by
| a few wealthy individuals owning nearly all the
stock, can do this, it is quite reasonable to sup
| pose that a company, owned and managed by lis
| patrons with its lines desirably located, and
| with limited amount of stock, can at least do
| equally as we'll.
The following act has been accepted by this
company: