The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1868-09-12

Cob ..SH De, Is Monopoly.
. The Whole telegraph system of the o.
btates is nqsy in the hands of one company
The evils inseparable from such a gigantic
aad dangerous monopoly are already num-
erous and increasing. Relief can be found
only in legitimate competition.
Distribution Of Stock.
. It is proposed that the benefits Of this
company shall be enjoyed, not by few ia
vored persons but by the business men of
the country, whose interest il is designed
to promote, and whose liberal patronage
will insure it's success. To this end it is
decided to place the Stock at all commercial
points. 1t will be distributed to Bankers,
Merchants Manufacturers, and others in
limited amounts.
The CapitaI Stock.
81 Is Ten Millions of Dollars, divided into
shares of One Hundred Dollars each.
CalI-Hoa0 10 be Made.
4. One per ct of the stock win be required
on subscribing and subsequent calls, not to
exceed five per cent per month, will be
made by the Beard of Directors, from time
to time, may be necessary to supply
funds to construct and equip the lines but
no calls viii be made after the one per cent
is paid until the entire capital stock shall
have been subscribed.
Act'sat Capital Required.
5. The company confidently believe that
thirty-fiye per cent of the capital stock will
construct and fully equip twenty-five Thou
sand miles of Wire, which will connect all
/ The commercial ceuters and important places
in the United States. This opinion rests
upon the most reliable estimates and re-
/ sponsible offers to construct and equip the
| lines.
DivideHds.
4 6. In all cases the net earnings Of this COM
1 pany will be applied 10 t6e payment of divi-
dends on its capital stock, and in no event
viii earnings be diverted to the construc-
/ tiou Of new lines.
Income
T. With the stock in hands of the active
I business men of the country, exerting their
! influence to augment its business, and with
a range of Twenty-Five Thousand Miles of
| Wire equipped and in operation, the company
/ believe that, at reasonable rates, the bust
ness will pay liberal dividends on its en-
tire capital stock.
Reasons for the Belief.
/ iSl May be found in the enormous profits OF
every considerable telegraph line operated
on this continent. The present telegraph
I monopoly has ''watered ]sits stock to the ex-
tent of over one thousand per cent on the
amount paid in; and still it pays, on the
STOCK lUuS lHUdttu SdliciuCAoiJ
Our company will duplicate all the remun-
erative lines now operated by the monopo-
ly, and subscribers will pay for our stock
only the exact cost of our lines.
Additional Reasons.
0. The existing telegraph monopolies have
never sought to supply adequately the de-
mand for the use of the telegraph, much
less have they attempted to stimulate such
demand by an increase of facilities and a
reduction of rates. While their facilities
have remained about constant, their rates
have steadily advanced, until the use of the
telegraph has come 20 be a prodigiOus tax
upon the commercial necessities of the coun-
try. An advance in rates is their uniform
expedient for limiting the amount of then
business to their restricted facilities.
Increased Facilities and Lo,cer Rates.
10. Every intelligent man knows that al
enterprise founded upon the necessities o.
trade has a healthier and more durable bash
when it aims to do a constantly increasing
business at fair rates than when it doe
merely a restricted business at exorbitan
and increasing rates. The success of cheal
postage in Europe and America seems neve
to have been thought of by the telegraph
monopolists. 1t is believed that if tel
times the present telegraphic facilities wer
furnished TO the public at one-tenth of tn
present rates, the increase of bushes
would justify the change.
Our Proposed Telegraphic Range.
IL. Trunk lines throughout the Unite
States and Territories, which shall ultimate
ly connect with lines to Europe, Asia, an
:. South America.
. - When to be Done.
u. Widkin one yearSfrom the time "a
Nital s. q ]. subscrkbed, the ee~eangez
kepty op%
.lditiong u - - dividends, shall
Rceive an eF table Cate on the amount o
4 business furnished by himself, payable an
nually; thus, the stock being widely dis
tributed, and every stakeholder having
special interest to augment the business Of
the company, success is deemed Inevitable
Distribution Of Directors.
IA. To secure in the management an equit-
able representation of the stockholders
throughout the country, the large CONNER
cial centers will be represented in its Board
of Directors, and local agents will be APP
pointed on the recommendation of the stock
| holders in the various localities, and the
operations of the company thus become gen.
! eral in its management as well as it's bust
| ness.
The company Permanent.
15 Heretofore every new Geographic en-
| terprlSe mas sooner or ldLer Deen dDsOrDeu
bv the dominant monopoly; but the third sec
ton of the act of Congress which confers
upon this company its valuable franchises
absolutely requires it to maintain separ-
ate and independent existence. See the
Act below.]
The Old System
&c. Under it telegraphic companies have
been organized by few wealthy capitalists;
these companies have been consolidated un-
der one Board of Management; they are
made up Of opposition companies, with par
allel, lateral, and useless routes, costly to
maintain. Their liabilities are heavy, and
they employ multiplicity of officers who
receive large salaries; yet they pay large
dividends. With their capital stock largely
watered, amounting now in the aggregate
to Forty-two Millions of Dollars, they seek
to monopolize the business at exorbitant
rates, and thus benefit the few at the ex-
pense Of many