The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-07-31
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
ant, 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 t. 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 secure their interest in the welfare of
the company, and TO secure to them, its patrons,
their share of the profits from its business.
ASSESSMENTS OF STOCK.
Only five per cent Of the stock viii be required
be paid in at the time of subscription, and sub
sequent calls will uJt exceed ten per cent. per
month. After the first payment of Ave per cent,
no further call will he made until Five Hundred
Thousand Dollars shall have been subscribed.
Thecompany confidently believe that they will
not be compelled to call in more than fifty or six
ty per cent. OF the subscriptions, in ordcrto place
the line in complete working order.
DIVIDENDS.
From carefully prepared estimates, la sea upon
the amount OF business done by the companies
now in operation, and giving them an equal share
of the business between competing points, the
company confidently believe that large and re-
| muneratire dividends can be made: and they
further believe that taking into consideration the
| great Advantages which they will psssess in .
short and direct route they will be abe 10 secure
nearly all the business along the line which will
| place the stock at a high premium, and make it
| ono of the best investments TO he found.
WHEN To BE DONE.
| The company propose to commence work at an
| early day, aud to push 1T forward as rapidly as
possible, and intend to have their lines completed
without delay.
| DISTRIBUTORS or DIRECTORS.
The stockholders will be represented by Direc-
| tors at the principal points of the line.
| THE PROSPECT
| Is most fattering. The location of the line is
one of the best in the country. 1t passes through
a large number of important cities and towns where
| commercial intercourse is large and rapidly in
| creasing. The country along the river is receiv-
ing constant accessions of wealth 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 Authe
| old telegraph companies throughout the country
are now, and have been, paying satisfactory div
| idends, capital stock that has been repeated
eddy watcred. If these companies, controlled by
| a few wealthy individuals owning nearly all the
stock can do this, il is quite reasonable to sun.
pose that company, owned and managed by lis
patrons, with its lines dcsirably located, and
with limited amount OF stock, can at least dc
equally as well.