New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-17
TELEGRAPH COMPAN]
ACKNOWLEDGEMENTS

TN NATIONAL TELEGRAPH
L PANN.-A new enterprise, to be Know
National Telegraph Company, has been Oh
Wlth valuable franchises conferred by recei
congress, Tor the purpose of establishing
Lines OF Telegraph on all the principal rAiro
mail routes in the United States The stopf
Issued upon the same principle as that OF h
chants Union Express Company, which
commenced operations. The design is to
the entire business community in the emit
This is dcne, not so much to dispc e of the \
1t Is 70 secure the business OF the country \
which the lines pass.
the par value of Sl00 per share, but th,
amount to be paid in cash is s35 per share, {
amount is TO be paid as follows: One perl
the par at the time Of subscribing, and no J.
TIL the entire amount has been subscribed n
on the calls to be made by the Board OF N
instruments not TO exceed five per cent nd
When thirty-five per cent of the par valid
shares mas been paid, certificates Of stoeiI
issued. rms Will give the Company a paid
capital OF SO, 100000, which will be suficerl
plicate lines to all or nearly all the payinf
reached by the present monopoly.
The present Telegraph Companies of the
nave been consolidated into one huge md
and are now, earning Six millions Of dollars n
or over one hundred per cent on the actul
their lines, their present capital having been
over one thousand per cent
The National Telegraph Company have al
ton from the United states Government oil
portance OF their enterprise with a grant OF |
valuable franchises ever conferred upon I'd
company. No competing line mas ever
rights now granted by Congress to this Cord
construct and operate lines over every raid
mai route IN the United States. The IA
this Company differs from that of any UomIl
before before 3Igani1eo; The question Of the 4
The stockholders of this Company can moi.
out OF transferred to any other Compsny
OF congress under which this Company has
gahl1e9 prohibits any transfer OF the I'D
Calls on Stockholders will he as follows
per cent al the time OF subscri utiou and sn
ca y not exceeding FIVE PER CENT ner mn
WIN pc made by the Directors from time u
may be necessary 10 supply funds to consst
equip lines, but NJ calls will be made afte
cent mas been paid until the whole cHDa
shall nave been subscribed.
II ia confidently believed that thirty. fivn Il
Of the capital stock will construct and fu
25,OIO miles OF wire, which will connect an Il
nercial centres ana important places In tbs
states. Inc opinion rests on The most reid
mates and responsible offers to construct anl
The National Telegraph Counapv "a o-
under the laws Of the state OF New York al
3 20 +, g. conferred BY an act OF Congress, al
ol P,Ieaiaent-GEoRGE B, sENTER. OF cd
yise Observation-Disclosures, Of Nd
:, 45,sasrrar-FREDERIcK PRENTICE, j
York city.
Secretiry--GEoRGE B. WALTER, Of
York city.
Company's oftice-54 and G6 BRoADWAl
A limited amount of the capital stoel, nj this
pany is allotted to this locality, and those hay
opportunity, and subscribing, will be Placed
equal terms with its eorporatora, and will seeu
interest IN all franchises which have accrued,
sources. - N'
g Parties wishing to subscribe to this entfrpr
ma the subscription list at tine FIRST kA1I
BANK, rpringheld, Illinois.