The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1867-07-10
NECEssITY FOR IT. -


NEW ORLEANS.
NECESSITY FOR IT.
The want Of Ians of TsIesupb, located with view
to accommodate the river trade long been felt Many
impostsnt tcwm are now without any telsgraphocom-
nuuicstfon whatever and the lines estsblh&4 be
twean other points are Ia nnst cases. disconnected fol-
lowing circnitons rcnes hundreds Of miles out Of d.
rect course causng sszsons and uhneoessy delays
business, BY Of numerous repetons and the
Il H.. ss g np & .Ss
line to damage from any cause y eseessd u the
proportion Z. II i.s Length and thes of mss
great and very important a4ya.s1es 4 direct route
sss ssss sn' er'a''0r' ones ~ lesa r'sdil, b
KIND OF LIHE.Ue1 AlnLT. i.
The Company propose V sdi6Aak tasar fsass In the
most substantial manner possbls An material used
Will be Of the most approved kind and ansi, and tn
work Of construction win be done by tho no.
der the immediate snperrison Of practical msn VI long
experience in constructing and managing telegraph
lines who viii be Instructed TO spare no psins make
every pericn eftAe work Of the very best character
~ cAFaTAL sT0CK.
The Capital Stock Of the Company p ONE MILLION
OF DOLLARS and II divided into shares Of one hundred
fhe Company dezEs 70 dstributs sbsstock
the length offhs 1ine In order to secure their Interest
in the welfare Of the Company and to them its
patrons, their Ahsre of the profits from its business
ASSESSMENTS OF STOCK.
ONLT Five PER CENT OF the stock viii be required
to be pAdin 1t the time of and
cas will not exceed ten per cent month After the
masd ays n r. s
shall have been subscribed. Tho Company confidently
believe that they Will be compelled to call in more
than fifty sixty cent Of the subscriptions
70 place the line In complete working order
DIVIDENDS.
FROM carefully prepared estimates based upon th.
amount OF business done by the companies opera
tion and giving them equai share OF Che hnsness be-
tween competing points, the Company confidently be-
eye that large and Esnu1sratve dividends be made
and tAey further sslIsse ths taking Into consideration
and direct route, ~ Will ~ able secure nearly eli
the business aong tsir ne which will place the soch
at high prenun, 40 nke IL Of the beat invest
wHEB II he DONE.
The Company propose TO Commence work at an eariy
day. and to push It forward rapidly possible and
intend to have their lines completed without delay
DESTRUCTION OF DIRECTORS.
The >tockhofders viii be represented By Directors Al
the principal points Of the line.
THE PROSPECT
Il most attsrng The iocAtion of the line is one OF tn,
bestfn the country II passes through large number
important cities md towns where conssrlal inter
course is large and rapidly increasing Theeeuntry
and population, and thess bring An ncrsse OF tr adj
which must corresppndngly add largely every year Il
the busnem and profits Of the Company. All ths ok
Telegraph compAnfss throughout the ccen1rv ~ nov
and have been paving Satisfactory Dividends on capi
tal stock that has bsen repeatedly vskered, HA4e
companies controlled BY few wealthy Individuals owA
ing nearly all the stock do this Is quite
bic 70 suppose tia company, owned and managed by
is patrons, with Ito lines desrsby located and viii
limited snount Of stock, At least do ssuAliy .
well.