The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1867-08-16
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 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 to spare no pains to make
every portion of the work OF the very best char
acter- .a.
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 will 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 live per cent,
| no further call will be made until Five Hundred
Thousand Dollars shall have been subscribed.
The company confidently believe that they will
not be compelled to cali in than fifty or six
ty per cent. of the subscriptions, in order place
| the line in complete working order. e.
- s. DIVIDENDS
From carefully prepared estimates, based upon
| the amount Of business done by the companies
| of the business between competing points, the
company confidently believe that large and re-
muneretiye dividends can be made and they
further believe that taking into sideration the
| great advantages which they will possess in a
short and direct route, they viii be able to secure
nearly all the business along the line which will
| place the stock at a high premium. and make IL
| one of the best Investments 10 be found.
| WHEN TO BE DONE.
The company propose to commence work at an
/ early day, and TO push it forward as rapidly as
possible, and intend to have their lines completed
| without delay. r.r. -rrr
Distribution OF DIRECTORS.
| The stockholders win be represented by Direc-
tors At the principal points of the line s. HM
<'>Ts@~ THE PROSPECT
| Is most fattering. The location of the line is
one of the best in the country. 1t passes through
large number of important cities and towns W here
commercial intercourse is large and rapidly in
creasing. The country along the river is rcceiy-
! 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. AHths
old telegraph companies throughout the country
are now, and have been, paying satisfactory div.
| idends on a 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 a company, owned and managed by iii
patrons, with its lines SO desiraby located, and
with limited amount of stock, can at least dc
equally as well. IN .anFgTSK sf%
The following act has been accepted by thi
|