New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-12-26
TELEGRAPH COMPANj

| TIL NATIONAL TEE EpR PM
| PANH;-A new enterprise, to be knov|
National Telegraph Company. has been c5
with valuable franchises conferred by reesTl
| Congress. for the purpose of establjshinS1
Lines OF Telegraph on all the principal rain,
mail routes in the United States. The stock
Issued upon the same principle as that Of d
| chants Union Express Company which 4
commenced operations. The design is 10 h
the entire business community in the ant,
rms IS done, not SO much to dispc Q Of the ii
ubic 70 sec secure tne business of the country
, III capital is to be 100000 in 10000 81
tne par value 81 Sl0o per share, but The
amount 70 oe Pald IN cash is $35 per share, a
amount IS TO be paid as follows: One per
the par at the time OF subscribing and M M
I'll the entire amount has been subscribed a.
on the calls to be made by the Board Of DT
instruments not TO exceed five per cent ne,
When thirty-hve per cent of Inc par vaIns
shares mas been paid, certificates Of stoeE
issued; This will give the Company paid Il
G Gslcat 81 sS'eoOU which will be sufficient
reached BY the present monopoly
Inc present Telegraph Companies Of the
Daye been consolidated into one huge mn
and are DOW earning six millions of dollars "A
or over one hundred per cent on the acfn51
their hnes, their present capital having bees n
over one thousand per cent.
Tne National Telegraph Company have . u
tion from the United States Governmenf I'M
portance Of their enterprise, with grant OF M
valuable franchises ever conferred upon a NJ
company. No competing line has ,Ter \
rights now granted by Congress to this Oar
construct and operate lines over every NJ
mall route in the United States ThsWsi|
tnis Company differs from that of any Uesaa
WnT 3 fS5gSRzsd ne question of than
The stockholders of this Company can not
out or transferred to any other COMPANY, ii
OF Congress under which this Company has N
granted.
Calls on Stockholders will be as follows. vi,
per cent at the time OF subscription and subgl
o S,t.iI NOT exceeding EVE PER CENT per mod
VIII 2e made by the Directors from time to II
may be necessary TO supply f1nds to constFl
qulp lines, but no calls will be maize after
ent mas been paid until the whole capit&
nail have been SUBJ cribed.
1t 10 confidently believed that thirty.fiye "A
o. IRE capital stock will construct and fulll
lo,OO0 miles o. wire, which will connect ali n
G Meicial &c tres and important places in the
states. The opinion rests 90 the most relinI
lines. >'''- NV CIV
The National Telegraph Company is ord
ulhoer tne Jaws 81 the Stale of New York and
gnlses conferred 95ns BY an act Of Congress, al
= Presidsnt-GEoRGE B. sENTER. of CID
:, Vice Observation-Disclosures of n,
v TTeasgrsr-FREDERIoK PRENTICE,
v ssSrstsry-GEoRGE B. WALTER,
York,
A limited amount of the capital stock of ID
pany IS allotted to this locality, and those htA
opportunity, and subscribing, will be PLACED
equal terms with its corporators and will seed
interest in all franchises which have accrued
hereafter accrue TO the Company from any
Parties wishing to subscribe to this ents rpI
nd the subscription list at the FIRST NAfN
ANk. sprIngheld. Illinois.