The Hickman courier., 1868-06-27

company shall be enjoyed, not by few ia
vored persons, but by the business men of
the count try whose interest il is desiEned
TO promote, rand whose liberal patronage
will insure its success. To this end II is
decided 70 place the Stock At all commercial
points. IL win be distributed TO Bankers,
-Berchants, Manufacturers, and others III
limited amounts.
Rse capitaI Stock.
(3,l Is Ten ~ ious of Dollars, divided into
shares OF One Hundred Dollars each
Ctlt-Hoo 10 Be AGde
4 One Ter ct of the stock will Be required
on subscribing, and subsequent calls. not 70
exceed FIVE per cent per month, VIII be
made by the Beard of Directors, from time
70 time, as may be necessary to supply
funds TO construct and equip the lines: bat
no calls will be made after the one per cent
is paid until the entire capital stock shall
have been subscribed,
Acalat cap:tal Rt9,area
/ .. The company confidently believe that
! thirIy-fve per cent of the capital stock VIII
+ construct and fully equip Twenty FIVE Thou
+ sand miles of Wire, " hich VIII connect all
/ the commercial centers and important places
I in the United States. This opinion rests
upon the most reliable estimates and re-
/ sponsible offers TO construct and equip the
lines
Diridsnds.
/ G. In all cases the net earnings Of this com
! psny win be applied to the payment Of divi-
dends on it's capital stock. and in no event
I will earnings De diverted to the construc-
! ton Of new lines.
Iaeor7s-
/ 7. with the stock in hands Of the active
( business men Of the country. exerting tEeir
! indaence 60 sugrnent So business, aud with
+ a rHnre OF II enty five thousand Miles OF
/ Wire "a uipGd auu IN operation. the com pany
+ believe hat. At 90 Ss"na.it Taees. the sbasl-
+ ness will pay liberal dividends On its en-
tire capital s:ock.
/ Rsaseas for t4s Bef.f.
= {a) May be found in ,he enormous profits OF
+ every considerable telegraph line operated
! on this continent The present telegraph
J fnouotoly has swatered It's stock TO the ex-
I tent Of over one thoasand per cent the
amount paid inI and stih it pays, on the
/ stock thus inflated, satisfactory dividends.
{ 0nr CON yaHy will duplicate all the reInan-
: eratiye lines now operated by the monepo-
i ", and subscribers will pay for our stock
!. only the exact cost OF our lines.
Additional Reasons
4 9. The existing telegraph monopolies have
never sought to supply adequately the de-
mand for the use of the telegraph, much
! lcss have they attempted to stimulate such
demand by an increase of facilities and a
reduction of rates. While their facilities
have remained about constant, their rates
have steadily advanced, until the use of the
telegraph has come TO be prodigious tax
upon the commercial necessities of the coun-
I try An advance in rates is their uniform
expedient for limiting the amount of their
/ business to their restricted facilities.
Iscrc4ss&-acftities and L0rz Rates
/ 10 Every Intelligent nan knows that an
enterprise founded upon the necessities OF
trade has healthier and more dura BILE basis
when it aims 10 do q constantly Increasing
business NJ fair rates than when 1t docs
I merely q restricted business at exorbitant
and increasing rates. The success of cheap
Il postage in Europe and America seems ueveT
TO have been thought OF by the telegR ph
noEopolirts II IS believed that If ten
furnished 10 the public 1T ouc-teuth Of the
/ present rates. the increase of business
would justify the change.
Our Proposed Tslsgrqphie Range.
II. Trunk lines throughout the United
States and Territories. which shall ultimate
II connect with lines 10 Europe, Asia, and
South America.
Ifhen 10 Be Dene.
u. within one year from the time the
I capital stock is subscribed, the company ex-
pect TO have finished twenty-five thousand
+! miles of wires of tie best materials, equip
ed with Instruments Of the latest improve
lments and the whole range in successful
operation.
1s. tits provided that every stockholder,
4 In addition TO his regular dividends, shall
4 receive an cqaitsble rebate ON the amount OF
Il business furnished by himself, payable an
nualiv thus the stock being widely dis
tributed, and every stockholder having !.
special interest to augment the business OF
the company. success is deemed inevitable
sa Dissf5ution Of Directors.
II To secure in the management an equit-
i able representation OF the stockholders
gthrouehout the country, the large CONNER
cial centere will be represented In its Board
4 OF Directors, and local agents will be ap-
F pointed on the recon endaiion of the stock
{ holders in the ysrious localities, and the
4 operations Of the COME gus become gem
eral iD itsmsaagem It5 zen az its bpsi-
The eompany Permanent
10 Heretofore every new telegraphic en-
4 terprise has sooner or later been absorbed
/ by the dominant monopoly but the third sec
ton Of the act Of Congress which confers
4 upon this company its valuable Franchises
+, absolutely requires il to maintain separ-
ate and indeEsndeat existence. lsee the
~ ss'N Tie Old sgstsr
l6. Under it telegraph;c ;c companies have
been organizedby few wealthy capitalists;
these companies have been CONSOLIDATED m
der one Board of Management; they arc
mad. up OF opposition companies, with par-
alieI. lateral and useless routes, costly 70
mainfain Their liabilities arc heavy, and
they employ a multiplicity of officers who
receive large salaries; yet they pay large
1 dividends With their capital stock largely
watered, amounting now IN the aggregate
4 10 Fortv-two Millions Of Dellsrs, they seek
4 10 rnonopoli1e the businrss st exoreitant
! rates, ard bue ,,aeft the few at the cx-
perks ~ iitssn =.