The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1867-08-10
PROSPECTUS.

THIS COMPANY has been organised for the purpots
q tstsblishing Tsiegraphic communication In ths
teuee on the AlssIssiPPi RIVER from ST. PAUL 10
HECEssITY FOR IT.
Ihs want q Line Of Telegraph, located with vsw
% the river trade long Many
Important towns without any telegraphic com
mancston Whatever and the lines nov established be-
tween other points as In at disponnected
lowing circutous routes hundreds of miles out of al
rect course causing vsxaeus and DELAYS To
business BY reason Of numerous repetions and the
quent Interruptions incident long lines When the
facts are borne In mind that the liability Telegraph
line 10 damage from any cause 10 increased In the sane
sage doubles the time necessary for its the
great and very important advantages Of direct roue
over the ercutors ones now in operation readily BE-
KIND OF LINE TO BE BUILT.
The Company propose construct their lines In the
most substantial manner possible All material used
VII oe Of the most approved kind and quality and tbs
work OF construction will be done by the Company mn
dsr he Immediate supervision Of practical mes long
,,, ,.npsfsnss n constructing and managing telegraph
svery portion Of the work Of the very best character
CAPITAL STOCK.
The Capital Stock Of the Company IL ONE MILLION
ov DOLLARS and IL divided into shares one hundred
dollars each The Company desire TO distribute stock
tire length Of the line in order to their interest
IN te welfare OF the Company, snd to the is
Padous, tneh snafe OF tns pronts from it, business
AssEssMEHTs OF STOCK.
ONLY Five PER CENT Of the stock VIII BE- required
to be paid In q tho ms Of subscrp and subsequent
calls will not exceed ten per oent per month After the
nrst paymen, Of ve per cent no further cali Vii, be
made until FIVE HUNDRED THOUSAND poLLARs
shall have been subscribed. The Company conadsutly
believe that they will not be compeed to call In more
than nf OF sixty cent Of the subscriptions In order
to place the line In complete working order.
DIvIDENDs.
amount Of business done BY ths compenes NO Ia
ton and giving them equal share the business BE-
tween competing poiDts, the Company confdently r.
ieve that large and remuneratve dividends car be made
and they further believe that taking into
the great advantages whi they viii possess In short
and direct route they viii BE- able 70 secure nearly iii
hs business along their line which viii plAcs ths stoct
high premium and make 10 OF the beat invsst
ments to he found.
WHEN TO BE DOME.
The Company propose to commence work At an early
aaJ and 70 push forward ~ rapidly possible and
Intend 70 nave their lines completed without delay
DlsTRIBUTIONO OF DlRECrORs,
The ssochholds will b. represented BY Directors a,
the principal POINTS Of the line.
THE PROsPECT
most natsering. Ths location of the line IL ono Of the
oest the country. 1t passes through large numbsr
ofimportan cities and towns where intsr
course II large and rapidly increasing This country
Along the river receiving constsat accessons Of wealth
and population and these will bring an increase OF
busns. saa profits 81 sa.. .oosp.ny Al Il: oS iS
telegraph compeAies throughoat the couatry are now
ana have besn, paving satsfactory dividends on csp
eonpssiss controlled BY lew wealthy ndisiduss own
ing nearly all the stock do this II quite reasona
PIE 70 suppose that company owned and managed by
limited amount Of stock, least do equally ss
| we'll.