The south-western. [volume] (Shreveport, La.) 1852-1870, 1868-11-18
22t hss5Zs 49, ~
PROSPECTUS

PROSPECTUS:
1t Will be seen By the statements herein contained
that the organisation of this Gompanywas necessity
the country, lmperatiyey demanding increase o.
! telegraph facilities at reasonable rates.
I--CoMPETITIoN VERSUS MONOPOLY.
The whole telegraph system Of the United States is
rable from such a gigantic and dangerous monopoly
are already numerous and Increasing. Relief can be
found only in legitimate competition. Y
IL-DFSTRIBUTIoN OF STOCK. .
is proposed that the benefits of this company shall
be enjoyed, not BY few favored persons but By The
business men Of tie country whose interest tits designed
to promote, and whose liberal patronage Will insure
its success. To this end tits decided place the Stock
at all commercial points. 1t will be distributed to
Bankers Merchants Manufacturers, and others IN linz
/ tied amounts. tz=
| II.-THE CAPITAL STOCK. z
Is TEN MILLIONS OF poLLARs divided into shares of
ONE HUNDRED DOLLARS EACH.
So sIV.-C4LLS-HoW To BE MADE
One per cent Of the Stock will be required on sub
scribing, and subsequent calls not to exceed five per
cent per month will be made By the Board of Drec-
tors from time to time as may be necessary, to supply
funds to construct and equip the lines but calls will
be made after the one cent is paid until the entire
capital stock shall have been subscribed.
ats V.-AGTUA CAPITAL REQUIRED. =
The Company confidently believe that thirty five per
cent of the Capital Stock will construct and fully eeip
T,peuty-Elgs Thoasana 1les of Wire which win con
meet all the commercial centres and Important places
in the United States. This opinion upon the most
reliable estimates aud responsible offers TO construct
s vI.-DIVIDENDs
In all cases the net earnings of this Company will be
applied to the payment of dividends on its Capital
Stock and in no event will earnings be diverted to the
construction of new lines
vH-ISCoME
With the Stock in the hands of the active business
a nj q rffrfr fffer inf, tn
ment It's business and with range of twenty-five thou
sand miles Of wire equipped and in operation the Com
pay liberal dividends on its entire Capital Stock.
VIIL-REASONS FOR THIS BELIZE
May be found in the enormous profits of every con,
siderable telegraph line operated on this continent The
present iesgTafh monopoly has watered " its stock
amount paid in aud still itpags on the stock thus in
fated, satisfactory dividends Our Company will du-=
pcae all the remunerative lines operated by the
MONOPOLY and subscribers will nav for our Stock only
the exact cost of our lines.
$50 TRADITIONAL REASONS
The existing telegraph menepolies have never sought
to supply adequately the demand for the useof the tel
egraph much less have they attempted to stimulate
such demand by increase of facilities and reduc
ton of rates. While their facilities have remained
about constant their rates have steadily advanced I'M
til the Of the telegraph has to be prodigo
tax upon the commercial necessities of the country
in advance in rates is their uniform e4pedient for lin
itng the amount of their business to their restricted
facilities. - p.
INCREASED FACILITIES AND LOVER RATES.
Every intelligent man knows that an enterprise
founded upon the necessities Of the trade has health
Ter and more durable basis when it aims to do con-
santlg increasing business at fair rates. than when
does merely restricted business at exorbant and in
creasing rates The success Of cheap postage in Eu
rope and America seems to have been thought
Of by the elegrap monobolists 1T is believed that if
ten times the present telegraphc facilities were fur
nshsd to the public at tenth of the present rates
the increase Of business would justify the change
XE.-OUR PROPOSED TELEGRaPHIC RANGE. o. |
Trunk lines throughout the United States and Ter
tories, which shall ultimately with lines to
Europe, Asia and South America
1II.-WHEN TO BE DONE.
Within one year from the time the Capitol Stock is
the Company expect to have finished /
" eny FIVE thousand miles of wires of the best mate
sias equipped with instruments Of the latest improve
nent and tue whole range in successful operation
z3 AIII-CERTAINTY OF SUCCESS.
TIL provided that every Stockholder in addition to
lis regular dividends shall receive anequitabe rebate
IN the amount of business furnished by himself paya-
ole annually; thus the Stock being widely distributed
md every Stockholders having specafinteres to aug
nent the business of the Company, is deemed
inevitable.
2. = HIT.-DTSTRTRTTTJGSa0 OF nTREET0RS |