The south-western. [volume] (Shreveport, La.) 1852-1870, 1868-11-04

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telegraph facilities at reasonable rates.
I-COMPETITION VERSUS MONOPOLY
| The whole telegraph system of the United States il
now IN the hands of one company. The evils insepa
rahle from such gigantic and dangerous monopoly
are already numerous and increasing. Relief can bt
found only in legitimate competition
H.-DIsTRIBUTION. OF STOCK.
1t is proposed that the benefits of this company shall
be enjoyed, not by few favored persons, but By til,
business men cfe country whose interest it is designed
its To this end it is decided place the Stock
at all commercial points It will be distributed tc
Bankers Merchants Manufacturers, and others in lin
tied amounts
HI.-TIIE CAPITAL STOCK. ~.
Is TEN MILLIONS OF DOLLARS, divided into shares Of
ONE HUNDRED DOLLARS EACH.
IV.-CALLS-HoW TO BE MADE
One per cent of the Stock will be required on sub
scribing and subsequent calls, not to exceed five pei
cent. per month, will be made by the Board of Direc
tors from time to time may be necessary to suppl,
funds to construct and equip the lines but no calls viii
be made after the one per cent. is paid until the entire
capital stock shall have been subscribed.
Y.-ACTUAL CAPITAL REQUIRED.
The Company confidently believe that thrty-fye Der
cent. of the Capital Stock will construct and fully equu
Ttrenty Fare Thousand Miles Of Hire which will con.
meet all the commercial centres and important places
in the United States This opinion rests upon the mo
reliable estimates aud responsible offers to construct
and equip the lines.
vL-DIvIDENDs.
In all the net earnings fthis Company will be
applied to the payment of dividends on its Capital
Stock and in event will earnings be diverted to the
construction ofnew lines.
VI-INCOME.
With the Stock in the ha nds of the active business
men of the country exerting their influence to aug
ment its business and with range of twenty five thou
sand miles OF wire equipped and in operation the Com
pany believe that at reasonable rates. the business will
pay liberal dividends on its entire Capital Stock
VIII.-REASONS FOR THIS BELIEF.
May be found in the enormous profits of every con-
siderable teegraphline operated this continent The
present telegraph monopoly has watered" its stock
to the extent OF over one thousand per cent on the
amount paid in and still it pays, the stock thus in
hated, satisfactory dividends. Our Company will du
pcate all the remunerave lines operated by the
monopoly and subscribers will pay for Stock only
the exact cost of our lines.
M-ADD1rIoNAL REASONS.
The existing telegraph monopoles have never sought
to supply adequately the demand for the of the tel
such demand by an increase of facilities and reduc-
ton of rates. While their facilities have remained
about constant their rates have steadily advanced
til the Of the telegraph has come to be prodeious
tax upon the commercial necessities of the country
An advance in rates is their uniform expedient for lin
ting the amount of their business to their restricted
facilities.
INCREASED FACILITIES AND LOWER RATES.
Every intelligent man knows that an enterprise
founded upon the necessities of the trade has health
Ter and more durable basis when it aims to do con-
stanty increasing business at fair rates. than when it
does merely restricted business at exorbitant and in
creasng rates. The of cheap postage in Eu-
rope aud America seems never to have been thought
of by the telegraph monoposts 1t is believed that if
ten times the present teegraphic facilities were fur
nlshsd to the public at tenth of the present rates
the increase of business would justify the change.
M.-oUR PROPOSED TELEGRAPHIC RANGE.
Trunk lines throughout the United States and Ter
ltorles which shall ultimately with lines to
Europe, Asia and South America go
XII.-WHEN TO BE DONE
Within one year from the time the Capitol Stock is
the Company expect to have finished
twenty-five thousand miles of wires of the best mate
rails equipped with instruments of the latest improve
ment, and thewhole range in successful operation.
XIIL-CERTAINTY OF SUCCESS.
1t is provided that every Stakeholder in addition to
his regular dividends shall receive equitable rebate
n the amount Of business furnished By himself
and every Stakeholder having special interest to aug
Inevitable. - |
M