The Hickman courier., 1868-08-01

~ 4SOo c
CAPITAL STOCK sl0,OoO,0Oo, !
In 100, 900 Shares. Par Value 100 each. i
OFFICERS OF THE COMPANY.
President. t.................... George B. senter.
Vice Preside mt Robert squlres-
Treasurer. Frederick Prentice.
Secretary George b. Walter
General Snperintendent......En Ell. n. keyes-
Engineer Edward ". Serreil
DIREcToRs.&
George r. Senter Ben. Holladay, Benja-
min Smith, Robert Squires, George b Wal
ter, John Coon, William Cumback, John Nj
yaycox. Jacob Gould. Isaiah BIeod, George
8 Frost Thomas Ewing. jr, Chas sherman,
Ell n Keyes, Fredk Prentice, Jonathan
Buell.. Edward W Serrell, Charles Noble,
Willis Phelphs. Erastus Corning, jr, Hary VI
Thompson, Theodore F. Hall
EXECUTIVE COMMITTEE.
Ben Holiday, George b Senter, Robert
Squares, John NJ Jaycox, Fredk Prentice,
George B Walter, Isaiah Blood, Charles
Noble, ErAstus Corning, jr-
Principal Office of the Company 81 Broad
way, New York. Rooms Nos. 50, 81, 80.
ErO@D&eH"@-
..,..uEass orssasz 5000 tfffs com
pany was necessity growing out of the
commercial and business wants of the coun-
try imperatively demanding increase of
telegraph facilities at reasonable rates.
Competition rersus Monopoly
l. The whole telegraph system Of the q. /
States is now in the hands Of one company. /
The evils inseparable from such a gigantic (
and dangerous monopoly are already num-
erous and increasing. Relief can be found
- Io
Disri5adoH Of Stock,
2. Il is proposed that the benefits Of this |
company shall be enjoyed, not by few fla
vored persons, but by the business Of
the country, whose interest it is designed |
TO promote, ana whose liberal patronage
will insure its success. To this end IL is
decided to place the Stock at ali commercial
points. Ii will be distributed TO Bankers,
Merchants, Manufacturers, and others in
limited amounts.
The Capital Stock.
(s.) Is Ten Millions of Dollars, divided into
shares Of One Hundred Dollars each.
CalE-Bov 10 Be Made.
1. One per ct Of the stock will be required
on subscribing, and subsequent calls, not to
exceed FIVE per cent per month, Will be
made by the B9ard Of Directors, from time
TO time as may be necessary TO supply
funds TO construct and equip the lines: but
no calls will be made after the one per cent
is paid until the entire capital stock shall
have been subscribed.
Aehfal CePi.al Required.
8. The company confidently believe that
thirty five per cent of the capital stock viii
construct and fully equip twenty-five Thou
sand miles of Wire, which will connect all
the commercial eenters and important places
in the United States This opinion rests
fIa 10 nd
sponsible offers 10 construct and equip the
lines.
Dipidends
g. In all cases the net.earnings of this con-
pany will be applied TO the payment of divi-
dends on it's capital stock, and in no event
will earnings be diverted to the censtruc-
tion of new lines.
Income.
:. With the stock in hands Of the active
business men Of the country, exerting their
influence to augment its business, and with
6 rance 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
(Sl MAY be found in the enormous profits of
every considerable telegraph line operated
on this continent. The present telegraph
monopoly has "watered it's stock to the ex-
tent Of over one thousand per cent on the
amount paid in; and still it pays, the
stock thus inflated, satisfactory dividends.
Our company will duplicate all the remun-
eratiTe lines now operated by the monopo-
", 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 10 stimulate such
demand by an increase of facilities and
reduction of rates. While their facilities
have remained about constant, their rates
have steadily advanced, until the of the
| telegraph has come to be prodigious tax
upon the commercial necessities of the coun-
| try. An advance in rates is their uniform
expedient for limiting the amount of their
I business to their restricted facilities.
| Increased Facilities and Lo1esr Rates
! 10 Every intelligent man knows that an
enterprise founded upon the necessities Of
| trade has q healthier and more durable basis
when it aims to do constantly increasing
business at fair rates than when il does
merely restricted business at exorbitant
and increasing rates The success of cheap
! postage in Europe and America seems never
to have been thought Of by the telegraph
monopolists 1t is believed that If ten
| times the present telegraphie facilities were
| furnished TO the public at one-tenth of the
1 present rates. the increase Of business
would justify the change.
oar Proposed Telegvaphie Raags.
! IL. Trunk lines throughout the United
States and Territories, which shall ultimate
iy connect with lines 20 Europe, Asia, and
South America.
When 70 be Done.
12 Within one year from the time the
capital stock is subscribed, the company ex-
4 pect 70 have finished twenty-five thousand
| miles of wires of the best materials, equip
| ed with instruments of the latest improve
operation.
Certainty ekssgccsss.
/ in addition to his regulats dfvidends, sfSTi.
1 receive an equitable rebate on the amount of
business furnished by himself, payable an
nualIy thus, the stock being widely dis
tributed, and every stockholder having a
special interest to augment the business of
Distribution Of Directors.
Il. To secure in the management an equit-
able representation of the stockholders
cial centers will be represented in its Board
of Directors, and local agents viii be ap-
| pointed on the Recommendation of the stock
Il holders in the various localities and the
operations of the company thus become gem
eral in its management as well as it's bust
ness.
| The company Permanent
Is. Heretofore every new telegraphic en-
! terprise has sooner or later been absorbed
By the dominant mofeply; but the third sec
| tion of the act of Congress which confers
upon this company its valuable franchises
absolutely requires it 10 maintain separ-
ate and independent existence. [See the
Act below
The Old System-
Is. Under il teiegraphic companies have
been organized by few wealthy capitalists;
these companies have been consolidated I'M
der one Board Of Management; they are
made up of opposition companies, with par