The Hickman courier., 1868-08-15

The Proposed Change.
II. The shareholders in this organization
will be many times more numerous than
those of any other telegraph company, and
will be interested in its business and sue
cess We shall establish only direct trunk /
routes required by the business of the cOun-
try. We shall incur no liabilities beyond /
our means in the treasury; and we hope by |
energy, economy, dispatch, and careful 1
management, to be enabled TO compete sue |
cessfuIly with the present consolidated
monopoly, and to furnish the public cheaper
and better facilities of telegraphic commun-
/ ication.
The Prospect.
Is. The business of telegraphing is in its
Infancy. It must rapidly increase IN the I'M
mediate future and yietd still greater re-
turns. The business OF the Southern States
having been suspended during the war Wlll
soon be re-established. Lines OF telegraph
are projected and in process Of construction
to Europe, Asia, and South America, which,
when completed, win at once materially ada
| 10 the telegraph business OF the country
| The proposed routes of our range are an
/ nually becoming more and more populous.
| Cheaper rates and more rapid, certain ana
reliable facilities will greatly popularlze
the telegraph and insure its substitution for
the mails for the purpose of current COM
mereiaI correspondence. All these eonsld-
erations point to our future as an import
ant one, and plainly show that this rs the
golden opportunity for inaugurating tele-
graphic enterprise of the character and
magnitude Of the one pow proposed.
IN Extraordinary .AdUaHtqgs.
10. On the application of The National
Ie.egIaP Ses S9grezS - . -ssr
Law. which is printed herewith The exist
ing consolidated monopoly opposed the pas
sage of this law with all the influence ana
1 nrrA fla
: terest prevailed and we haye now nation-
I al recognition of the importance OF our en-
: terprise with grant of the most valuaple
! franchises ever conferred upon Telegraph
company.
The Rational Telegraph Company fnlly
accepted the terms of the Law, July Both
+. 1866, by fling their written acceptance WlI
r the Postmaster General Of the United states
i, RS2E- Subscribers should ia all cases trans
4 nit funds ia. the Treasurer of this company
Frederick Prentice, ESQ, No. 70 Pine street
who win send by return mail receipts 10
the same All other eommunl cations si shour
is be directed to George 3. Walter, Secretary
: National Telegraph Company, 64 Broadway
Of New York.
a -Whenever subscribers desire so to do
ye they can pay at once thsrty- per cent o.
is the full amount of Their subscriptions an
al receive certificates OF stock ISSUED ny IN
8, company: and in all cases were thifty-hY
in per cent has been paid in, and the Treas
urers receipts returned, certificates Will :
issued to holders of the receipts, or thei
- order.
to ESy- Your attention is called to the paper
accompanying this, and prompt resporS
is necessary to ensure a certain paruclp'
cd tion in the benefits Of this organization.
to Extract from the United States Statutes
he large, vol. 10, page 249, as follows;
ne An Act to establish certain Post Roads al
ly for other purposes, approved
mt March 3, 1883.
mt Page 255. sec. 3-.And be it further enac
al ed, that all the Railroads and parts OF Ral
roads, which are now or may hereafter be
operation be and the same are hereby q
clared Post Roads.
III THE NATIONAL TELEGRAPH LAT
all IN 4 or to aid in the construction of Te
ees graph Lines, and 10 secure to the Gover
SIS ment the use Of the same for Postal III
re- tary, and other purposes
The Be if enacted 6y he Senate and House et II
reseatafices or he United Stafes Of AEae7ca,
C5n0Tc0s asscasBZc3 That any Tele graph CO
panv now organized or which may hereaf
-: be organized, under the laws OF any state
"a, this Union, shall have the right 10 constru
en' en- maintain, and operate lines of telegra
through and over any portion OF the pun
domain Of the United States, over and alo
any OF the military or post routes OF
I've United States which have been or may he
go Lar.a -
ofi n arsfs-Sl--Uf telegraph shall be so c,
ss- structed and main tanned as not to obstr,
en- the navigation of such streams and waite
or interfere with the ordinary travel
such military or post roads. And any
! of salQ companies shall have the right 10 IN
ted and use from such public lands the nee
.ph sary stone, timber, and other materials
CIV It's posts, piers, stations, aud other need1
the uses IN the construction, maintenance, a
the operation Of said lines Of telegraph, a
ds may pre-empt and use such portion of I
m unOccupled public lands subject to pre-em
no. tion through which its said lines of re
,ck graph may be located may be necessa
Tor 1t stations, not exceeding forty acres
each station; but such stations shall not
within fifteen miles of each other
We See :. And be II further enacted TIL
1e- telegraphic communications between {
ich several Departments of the Government
ch the United States and their officers al
a agents shall, in their transmission over I
les lines OF said companies, have priority ov
les all other business, and shall be sent at rat
he TO be annually fxedby the Postmaster &c
ak eral
n Sec 8. And be it further enacted. Tint Il
rm rights and privileges hereby granted sha
cir not be transferred by any company actir
under thIs act TO any corporation, associ
tionl or person: Provided however. That Il
an United States may at any time after the G.
Of plratIon Of I'VE years from the date Of Il
SIS f'' - u 14L49 dc'1 4Vf pOstdir military,
no other purposes, purchase all the telegraT
es INES property, ana eHects OF any or all
mt sald companies at an appraised value, to
ap ascertained by five eomcetent, disintereste
er persons two Of whom shall be selected /
Oh the Postmaster General Of the United State
eD two by the company interested, and one B
re the lout 80 previously selected.
he Sec. I. And be it further enacted. Ths
S before any Telegraph company shall exc
clse any Of the powers or privileges confer
red by this act, such company shall ile thei
written acceptance with the Postmaster Ger
ed eral Of the restrictions and obligations in
E. posed by this act.
Id Approved, July 24th, 1866.
Stock may now be subscribed in this CON
,e pany at their Office in the city Of New York
= or at 2O5 Main street, Louisville, Ky.
ID apIl AUGUSTUS BARNES, Agent.
b.