The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1867-07-04
PROSPECTUS.

Tn00I ES O0s
THD COMPANY has been orga ni1ed for the purpose
Of establishing Tecgaphic communication In the most
n. ~
NEW 0RLEANS
NECESSITY FOR TT.
The want Of . Line Of Telegraph located with view
to accommodate the river trade long beep felt Many
important towns are without any teleEraphic com
munication whatever and the hnss saablishsd BE-
twesn other points IN most cases. disconnected fol-
lowing crcuitous routes hundreds Of miles Of d.
rect course causing vsxacus and delays 70
business By rs..on Of rspettons, and the e
quent Interruptions incident to long lines. when the
facts are borne in mind that the liability Of telegraph
line TO damage from Il Increased in tbs
sage doubles the time necessary for IT. transmission the
great and very important advantages Of direct
over the crcuitous ones now In operation readily BE-
seen.
KIND OF LINE..TO BE BUILT.
most substantisl manner possible All material used
will be Of the most approved kind and quality and tbs
work Of construction will be done by the Company, un-
experience In constructing and managing telegraph
lines who will be instructed to spare no pens TO make
every portion Of the work Of the vsy bsst character
CAPITAL STOCK.
The Capital Stock Of the Company Il ONl MILLION
81 DOLLARS and divided into shares Of one hundred
in sa .nounts snens he business men along The %.
tire length Of the line In order secure their interest
IN the wel.s Of the Company and p 70 ths IL
patrons, their share Of the profits from IT. business
AssEssMEnTs OF STOCK.
ONLY FIVE PEE cKNT of the ssock viii bs required
70 b paid in at the time Of subscription and subssqusnt
calls will not exceed per cont per month Amer the
mad. until svs n asH DO DOLLARS Ia e
believe that they will not bs compelled TO call In mors
than nifty sixty cent Of subscriptions in order
TO place the line in complete working order.
DIVIDENDS.
From carefully prepared estimates, based upon the
amount Of business done BY the now In opera
on and vax them an sqnal share Of the business BE-
evs that large and rsmunsravs dividends can be made:
and they further believe that takag into
and direct reute they viii =. s5s to nearly iii
the busness along thsr line which will place the stoch
at high prsmium and make It Of the best invest
ments TO be found.
WHEN TO BE DONE,
The Company propose to commence work It On early
intend to have their lines completed without delay.
DISTRIBUTION OF DiREcTORs.
The stockhoIdes will be represented by Dirsesos
the principal POINTS Of the line
THE PROSPECT
II most fAttsng The location OF the line Il ope Of tha
tne country. ~ passes through large number
ofimpoftant ctiss and towns where commercial inter.
courss large and rapidly increasing Ths country
along sharver receiving constant accssons Of wealth
and and these will bring increass Of rsds
which must oorrpondingy add largely evsry year %
the business and profits OF the Company. Ali the Old
telegraph companies throughout the country are now
and have bssn paving safsaetofy dividsnds On capi
~ stock that has been repeatedly vatsred Nthesa
companiss controlled BY lev wealthy Individuals own
ne nearly eli the stock can do this 4 quite rsasooa
it patrons With it lines 20 desiraby located IA VIII
limited amount Of stock, can at least do equally q