The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1868-09-05
PR S p &c T Us
OF THE
National Telegraph Company,

Pr o S p &c 7 US
National Telegraph Company,
Organized under the Laws of the State
sFr -e- of-New York.
Franchises conferred by the National Tele-
graph Law passed by Congress at its
recent session, and approved July
"a, 1866.
CAPITAL STOCK s10,OOO,OOO,
In loo, 900 Shares. Par Value 100 each.
OFFICERS OF THE COMPANY.
President. .................G George B. Senter.
Vice President. Robert Squires.
Treasurer. Frederick Prentice.
Secretary ...................G George b. Walter.
General Superinte Ell. n. Keyes.
Engineer........-...... Edward w. Serren
DIRECTORS.
George B. Senter, Ben. Holiday, Benja-
min E Smith, Robert Squires, George Wall
ter, John Coon, William Cumback, John NJ
Jaycox, Jacob Gould, Isaiah Bleod, George
S Frost, Thomas Ewing jr, Chas Sherman,
Ell Reyes, Fred'k Prentice, Jonathan s
Buell., Edward w Serrell, Charles w Noble,
Willis Phelphs, Erastus Corning, jr, Harv NJ
Thompson, Theodore Z. Hall
EXECUTIVE COMMITTEE.
Ben Holiday, George B Senter, Robert
Squares, John NJ Jaycox, Fred'k Prentice,
George B Walter, Isaiah Blood, Charles w
Noble, Erastus Corning, jr.
Principal Office of the Company GA Broad
: way, New York. Rooms Nos. 36, 81, SO.
HTOSEecGHaS.
1t will be seen by the statement herein
contained that REORGANIZATION of this COM
* -. = Wing an increase of
telegraph facilities at reasonable rates.
Competition versus Monopoly.
l. The whole telegraph system of the U.
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
only in legitimate competition.
Distribution Of Stoek.
2. 1t 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 it 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. Ii will be distributed to Bankers,
Merchants, Manufacturers, and others in
limited amounts.
The Capital Stock
49, Is Ten Millions of Dollars, divided into
shares of One Hundred Dollars each.
CdlI--HoO 10 be Made.
4. 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 Beard 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.
Actual Capital Required.
8. The company confidently believe that
thirty-hve per cent of the capital stock will
construct and fully equip Twenty-Five Thou
sand miles of Wire, which will connect all
the commercial centers 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.
Dipidends
6. In all cases the net earnings of this COM
pany viii be applied to the pigment of divi-
dends on its capital stock, and in no event
will earnings be diverted to the construc-
tlOn OF new llnes-
Income.
Z. With the stock in hands of the active
business men of the country, exerting their
influence TO augment its business and with
range of Twenty-Five Thousand Miles of
Wire equipped and in operation, the company
believe that at reasonable rates, the busi-
ness will pay liberal dividends on its en-
tire capital stock.
Reasons for he Bslisf.
(S) May be found in the enormous profits of
every considerable telegraph line operated
on this continent. The present telegraph
monopoly has ''watered'' its stock to the ex-
tent of over one thousand per cent on the
amount paid in; and still it pays, on the
stock thus inflated, satisfactory dividends
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.
9. The existing telegraph monopolies have
never sought to supply adequately the de-
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