New Orleans Republican., 1868-11-14
TELEGRAPH COMPANIES.
nHRNATIONAL LTELEGRAPH 90 n

THE NATIONAL TELEGRAPH OOAI-
l PANg-7A new enterprise, to be known as the
with valuable franchises conferred by recent act OF
Congress, for the purpose of establishing Trunk
mail routes in the United States The stock is to be
issued upon the same principle as that of the Mer-
commenced operations. The design is to interest
the entire business community in the enterprise.
This is done not SO much to spg Of the stock, as
is to seeuTe the business of the country through
The capital cap is 70 Be slSOOO 900 in ls 600 ub arss Of
the par value o. $loo per share, but the actual
amount is to be paid as follows; Que per cent q
the par at the time OF subscribing, a1e mo more W.
TIL the entire amount has been subscribed and then
on the calls to be made by The Board of Directors:
instalments not TO exceed five per osnt per mouth,
shares has been paid, certiaoaes q stock viii Se
issued, This will give ths OoEapauy paid up cash
picate lines TO ali or nearly all the paying points
reached by the present monopoly.
The present Telegraph Companies OF the couAtry
have been consolidated into one huge monopoly.
and are now earning slK millions of dollars per yee
one hundred per cent on the actual cost OF
their lines their present capital having been vatered
The National Telegraph Company have recognf.
tion from the United STATES Government Of the i'm
valuable franchises ever conferred upon telegraph
company. No competing line has ever had the
construct and operate nes over every railroad and
mail route in the United States. The position Of
this Company differs from that of any COMPANY ever
before organized The question OF the Right Of
Way is for yer settled.
cut or transferred to any other Company. The act
Of jngress under which this Company has been
ganzed prohibits any transfer Of the franchises
Calls on Stockholders will be as follows, viz OuS
per cent the time sub cription aud subseQueas
ca is OF eHcec ding FIVE PER CEEr per month WIN
viii be made by the Directors from time to time
may necessary to supply funds to construct and
equip ines but calls will be made after one psr
cent has been paid until the whole capital stock
shall have been subscribed.
1t is confidently believed that thirty five per cent
of the capital stock will construct and fully equip
49, co miles Of wire, which will connect all the COM
mere al centres and important places in the United
States. The opinion rests on the most relipbe es-
mates and responsible offers to construct and equip
The National Telegraph Company is organized
under the laws of the Stale of New York. and irRH
chises conferred By an act Of Congress, approved
PTesident-GEoRGE B. sENTER. of Cleveland,
Vice Presideut-RoBERTso soUIREs, of New York
| city, H..
SSeeeretSsiiy--GEoRGE Sec si B. WALTER, of Negs
CompSny's once-04 and 90 BROADWAY. Nev
| York.
limited amount Of the capital stock of this Com
pauy allotted to this locality and those having
opportunity, and subscribing, will be placed upon
equal terms with its corporators, and will SECURE like
interest in all franchises which have accrued or may
hereafter accrue, 10 the Company from any and Gn
| sources.
Parties wishing to subscribe to this entsrprise vii
| ind the subscription list at the FIRST NATIONAL
BANK, springfield, Illinois,