The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-11-14
NECESSITY FOR IT.

The want of Line of Telegraph, located with
a view to accommodate the river trade has long
been felt. Many important towns are now with
out any telegrapnic communication whatever, and
the lines now established between other points
are, in most cases, disconnected, following cir
cuitous routes, hundreds OF miles out of direct
course, causing vexatious and unnecessary delays
to business, by reason of numerous repetitiOns,
and the frequent interruptions incident TO long
lines. When the facts are borne in mind that the
liability of telegraph line to damage from any
cause is increased in the same proportion as its
length, and that the repetition of message dou-
bles the time necessary for its transmission, the
great and very important advantages of a direct
route over the circuitous ones now in operation
can readily be seen.
KIND OF LINE To BE BUILT.
The Company propose to construct their lines
IN the most substantial manner possible. AL
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
III constructing and managing telegraph lines,
who will be instructed to spare no 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 their interest in the welfare of
the company, and 10 secure 10 them, its patrons,
their share of the profits from its business.
ASSESSMENTS OF STOCK.
Only five per cent of the stock will be required
to be paid in at the time of subscription and sub
sequent calls Will not exceed ten per cent. per
month. Alter the first payment of 1--WE per cent,
no further call viii be made until Five Hundred
Thousand Dollars shall have been subscribed.
The company confidently believe that they will
not be compelled to call in than fifty or six
ty per cent. of the subscriptions, in order place
the line IN complete working order.
Dividends.
From carefully prepared estimates, based upon
the amount of business done by the companies
now in operation, and giving them equal share
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 win be able to
nearly all the business along the line, which will
place the stock Mt high premium, and make il
one of the best investments TO be found.
WHEN rO BE DONE.
The company propose to commence work at an
early day, and to push it forward rapidly Us
possible, and intend to have their hines completed
without delay
DISTRIBUTION OF DIRECTORS.
The stockholders will be represented by Direc
| tors at the principal points of the line.
THE PROsPkCT
Is most factoring. The location of the line i.
one of the best in the country. 1t passes through
large number OF important cities and towns whers
commercial intercourse is large and rapidly in
creaslng. The country along the river is recev
ing constant accessions of wealth and population
| and these will bring an increase of trade which
| must correspOndingly add largely every year t,
| the business and profits of the company. AIT tn,
old telegraph companies throughout the country
| are now, and have been, paying satisfactory div
idends, a capital stock that has been repeated
eddy watered- If these companies, controlled by
a few wealthy individuals owning nearly all tn,
stock, can do this, il is quite reasonable to sup
| pose that a company, owned and managed by i'll
patrons, with its lines SO desirably located, anC
with a limited amount OF stock, can at least d
equally as well.
The fnlloviup act has haau ancaptad Inv tbi,