The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1867-07-09
NECESSITY FOR II.

NEW ORLEANS
NECESSITY FOR II.
The want of Line OF Telegraph located with view
to the river trade has long been felt Many
important towns are now without any teegraphio
manication whatever and the lines established be-
tween other points in most aiscopnected fol-
lowing crcnitous routes, hundreds OF miles Of di
rect causing yeXatcrs and unnecessary delays
business by numerous repetitions and the fire.
quent Interruptions incident long lines When the
facts arc borne in mind that the liability Of telegraph
line to damage from Is increased in the
proportion its length and that repetition Of
doubles the time necessary for its transmission, the
great and very important advantages of direct
over the crcuitous ones now in operation readily be
teen.
KIND OF LINE TO BE BUILT.
The Company propose their lines In the
most substantial manner possible. All material used
will be OF the approved kind and qusty and the
work Of will be ty the Company un-
der this immediate supervision Of practical men, of long
experiences in constructing and managing telegraph
every portion Of the work Of the best character
CAPITAL STOCK.
The Capital Stock OF the Company is ONE MILLION
OF DOLLARS and Is diviied Into shares hundred
dollars each The Company desire distribute stock
in small amounts among the business along the
tire length OF the ne in order to their interest
in the welfare of the Company th-m its
patrons, their share Of the prots from its business
ASSESSMENTS OF STOCK.
ONLY Five PER CENT of the stock will be required
to be paid in at the time subscription and
calls will not exceed ten cent month After the
first psymen of hve per cent, further call will be
made until FIVE HUNpREb THOUSAND, DOLLARS
shall have been subscribed The Company confidently
believe that they will not be compelled to call in
than nty sixty per cent of the subscriptions
to place the line in complete working order
DIVIDENDS.
From carefully prepared estimates, based upon the
amount OF business done by the companies opera
tion and giving them equal share of the business be-
tween competing points, the Company confidently be-
ieve that large and dividends made
and they further believe that taking into consideration
the great advantages Will they will possess In short
and direct route they will be able TO nearly all
the business along their line which will place the stock
at high premium, and make Ii Of the beat invest
ments to be found.
WHEN TO BE DONE.
The Company propose to commence w5fRst an early
day, and to push v forward rapidly possible and
intend to have their lines completed without delay.
DESTRUCTION of DIRECTORS.
The tockholaers viii represented by Directors at
the primo pal POINTS Of the line
THE PROSPECT
Is most a.terng The location OF the line Is one of the
best n the country. 1t passes through large number
ofmportant cities and where commercial inter
course is large and rapidly increasing. The country
and population and these will bring increase Of trade
which must correspondingy add largely every
the business ard profits OF the Cot1paDy All the old
telegraph companies throughout the country now
and have been, paving satisfactory dividends capi
tai stock that has been repeatedly vatered If these
companies controlled by few wealthy Individuals
ing nearr all the stock, do this it Is qnite
BILE TO suppose that company owned and managed by
ifs patrons with es desiraby located and with
limited amount of stock, at least do equally
well.