The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1867-12-26
OURCHICAGO LETTER,

OUK CHICAGO LETTER.
Owing to its late appearance we arc
enabled to give only brief extracts from
our very interesting Chicago letter this
week ::
CHICAGO, Dec. 2lst, 1867.
EDS 'sTRIDUNE" =
Speaking OF new enterprises, our Chi
cago merchants have already taken over
$500, 900 worth of stock in the new Ma
tional Telegraph Company and | learn
that SO far has the placing of the stock
been so rapidly and easily managed that
the entire ten millions will be taken up
before. March next. Over nine -tenths
arc now taken and on this basis the COM
pany have contracted for thirteen thous-
and miles Of wire, ten thousand of which
are to be put up and in operation in '6S
The charter was only obtained from Con-
gress i'll July, 1866, and such rapid action
gives good earnest of what powerful COM
oldWestern Union monopoly. The poll
cy1 Has been adopted OF offering this stock
upon terms which bring it within the
reavii-of all classes and at the same time
SO distributing it in proportion to the
population and business of all sections Of
the country that when it is all placed
there will be no preponderance i'll one
place to the prejudice of others, but all
will be alike interested III securing the
success OF the gigantic enterprise. Greatly
Increased facilities and immense reduc-
ton of cost of telcgraphing they RELY up
OH Go Increase the auIuuiit oil thclr tu..i
ness III the same way that reduction of
postal rates has been found to induce the
multiplication OF mail matter in all coun-
! tr,e..- :, ls...;ilfc the experiment has been
tried. 10 what cxteh; iiS may be car
ried and still be largely remull1:av.,.,.tl.
people have any idea. AS an example,
Cyrus Field, an authority beyond doubt
or dispute, says that it costs no more to
transmit Il teii-word message from Chica-
go to New York by telegraph than by
mail, set the difference to the sender is
just that between 81. 10 and three cents
Seeing such Il margin as that for profit
one does net wonder that Western I'm
ion line which only returns cent per cent
per aniinm is not deemed particularly
good. That the stock of the W. i. Co.
has borne watering SO that an original
500 share now represents 81, J,oo55. ;5 81 and
still pays enormous dividends; that the
receipts of the Chicago office alone reach
an average at present, Of Sl00, 900 per
month; that last year 35, 624, sol 20
were paid for telegraphing in the
United States ami finally that
every man who has invested in telegraphy
has got rich, some immensely rich, out
of 1t. In the present condition Of our
country, the telegraph is an absolute
| necessity, whatever it may cost and every
body is interested in seeing completion
which will take away the power of rich
monopoly and put this incstimablc bene-
fit in the hands of the people. The Ma
tlonal Telegraph Company only proposes
| to call in thirty-fvc per cent. Der month
after all the stock is issued and this
| amount will enable them to put up 25,-
600, miles of wire and establish Offices
! connecting all important points in the
country. do not know why our Chicago
papers seem to ignore or neglect this ell
terprise, but they certainly seem to do so
and have given this much space to it,
believing it to be a subject Of deep inter
! est 10 the country at large.
1t is only short time since there was
great squabble between couple of
fprominent piano manufacturers concern
ing the awards at the Paris Exposition.
During it all they both carefully rcfraincd
from mentioning the fact that by a trick
and the collusion of our unworthy Z. S.
Commissioner, they had managed to
keep out of competition with them the
pianos of another maker, which they
justly feared. | wish now to say few
words from my own personal knowledge
concerning the piano Of which they had
such wholesome dread that made by
Geo. Steck & Co., of New York. There
is no qualification which the most perfect
piano should possess which does not be
long in the highest degree to the Steck
piano. 1t is the only one in which the
'agratfes, = anchored upon a bell metal
plate, are employed throughout aud the
incest s. sill is displayed in the manner in
which the strings are, as the scale ascends,
doubled and trebled to give perfect equal
ity of volume to the tones, even impartial
judge and musician pronounces these
pianos the finest in the world for brilliance
and beauty OF tone, ability to keep in
tune. and perfection of equality in the
scale. Full information concerning these
superb instruments may be obtained from
Mcssrs Root g. Cady No 81 Washington
Street, who are the sole agents for their
sale IN the North W est.