The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-10-28

and the frequent interruptions incident 60 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 it's
length, and that the repetition Of a message dou-
bies the time necessary for it's transmission, the
great and very important advantages of u direct
route over the cirouitous ones now in operation
can readily be seem -5s- esa.t
KIND OF LINE TO BE BUILT.
The Company propose to construct their line.
in the most substantial manner possible. All
material used will be of the most approved kind
and quality, and the work of construction win
be done by the company, under the immediate
supervision of practical men, of long experience
In constructing and managing telegraph lines,
who viii be instructed to spare no pains to make
every portion of the work of the very best char
Rcter.
CAPITAL STOCK.
The capital stock of the company is One Mil
lion Of Dollars, and 10 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.
AssEsSMENrs OF STOCK.
Only FIVE per cent of the stock win be REQUIRED
to be paid in at the time of subscription, and sub
sequent calls viii uot exceed ten per cent. per
month. After the first payment of i've per cent =,
no further call viii be made until Five Hundred
Thousand Dollars shall have been subscribed.
The company confidently believe that they viii
not be compelled to call in than City or six
ty per cent of the subscriptions, in order to place
the line in complete working order.
DIVIDEKDs.
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 can be made and they
further believe that taking into sideration the
great advantages which they will possess in
short and direct route they viii be able secure
nearly all 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.
The company propose to commence work at an
early day, and TO push it forward rapidly as
possible, and intend to have their lines completed
without delay
Distribution OF DIRECTORS.
The stockholders viii be represented by Direo-
tors mt the principal points Of the line. -
the PRosPECT
Ii most hxttering. The location Of the line is
one of the best in the country. 1t passes through
a large number of important cities and towns whore
commercial intercourse is large and rapidly in
creasing. The country along the river Is receiv-
ing constant accessions Of wealth and population
and these viii bring increase of trade which
must correspondingly add largely every year to
the business and profits of the company. All the
odd telegraph companies throughout the country
are now, and have been, paying satisfactory aiv-
idends, on 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 company, owned and managed by ms
patrons, with its hnes no -desirably located, and
with n limited amount of stock, con at least do
equally well.