The New York herald., 1868-12-16
THE POSTAL TELEGRAPH.
win nm Opposition Telegraph Line h tho
nan,ininu MIKE Money!

Dominion Make money!
From the Dominion lCanada) Telegrapher.l
rba aon,a nuesflon might as wen be asked II two
comnetInr mercantile establishments Oh the same
character in one place VIII pay. A..
perhaus the most satisfactory way TO answer the
pnestlOn is TO review the business and profits OF
telegraph companies now enjoying q monopoly OF
the business in the DOMINION OF Canaua anu the
TUE MONTREAL TELEGRAPH COMPANY
commenced It's business with short line, and grad
nay increased by extending their lines and pur.
chasing others, until they now enjoy monopoly OF
the telegraph business In Canada.
The capital stock or this company on the 18th day
OF july ls47 stood at $4,000. BY act OF Parliament
1t was afterwards increased TO $2oo0o0 ON the 2th
day OF May 1857, by similar act, further increase
The canadian Year Book' for 1868 publishes the
paid-up capital at $780, 600 and estimates the value
Of the property OF the company at near 81 100000
The shares are forty dollars each and are quoted
on tbe Stock Exchange at 130. Dividends nave been
regularly paid halfyeary at the rate OF ten per cent
per annum. IL
The surplus accumulations over and above the
paid dividends, which have been very large, nave
been expended in the construction OF new extensions
and branches and In the purchase OF other lnes anu
the value OF such extensions branches ana
have been distributed TO the sharehoides III JUG
OF stock bonuses from time TO time. HOW inany ~
these stock bonuses in the form OF extra dviuenas
holders OF shares and TO what extent the gene
rn public have but little knowledge. as the
company have never deemed 1t TO their interest TO
publish any statements OF the times and amounts OF
such issues, or OF their monthly receipts anu eX-
The gradual expansion, however, OF the paid up
capital stock from s600oO, in ls47 to S750,000, In
1865, with eeway OF 81 25o, 600 more, OF authorized
CAPITAL shows where all the profits can be conve-
niently slowed away for many years TO come, to the
advantage and entire satisfaction OF the share
holders.
The affairs OF the corporation have been managed
with great executive ability creditabe to the officers
and directors OF the association, and the working OF
the lines have been conducted by the superintend-
ents with eminent skill and prudence.
The surplus in the treasury this year. after pay
ing all the expenses and u ten per cent dividend,
II
bonuses, and thus added to the capital whenever the
directors think proper. BY this it will be that
this very successful company have been accumulat.
ing an immense property at the expense OF the pay
Ing public, spread over vast extent of country,
whose contributions drop softly into their Golfers AT
Montreal without a single grain OF competition.
THE WESTERN UNION TELEGRAPH COMPANY.
In the examination OF the aiairs OF the Western
Union Telegraph Company Of the United States we
have more light and stand on nrmer ground. Its
more reckless. No other business In the world, and
no other company can compare with II In the rapid
growth OF Its receipts ana the electrical expansion OF
Its capital stock. commencing with nominal capl-
tai OF $S6o,OO0, at $lOo per share, upon which The
subscribers paid only S25 It's official report January
j. 1868, declares its capital to be over Sal 100000
BY stock bonuses and purchases of other lines, Its
IN Oldest capital Of $500, 900 had reached, the st
OF January, 1868, $4,000 600. At this interesting
had gone TO seed and produced crop OF shares,
each one Of which was saleable al the New York
stock board at $40. Now mark its wonderful
March ., 1sea.-It was watered by exactly
doubling the number OF shares by an
issue to its stockholders of another. ooo 900
May 2S, 1S64.-IL was further increased by
purchase and extension Of lines. 5000 600
May 2S, ls64-Same time and year, the
whole or its stock, amounting to
81, 000. was again doubled by issue
to stockholders OF an extra gift OF
SI1 600 oOO o. 900 900
This last issue had the effect Of reducing the value
OF the stock to $ll7 per share.
In January, 1856 the stock had advanced to $l61
per share. AT some period, or at different periods
between this date and January 1868, the stock
further expanded $19 600 900 more making Its present
enormous capital. And the company, in addition TO
this, contracted q debt OF some $5,000,O00 In its
efforts to construct the Russian American line which
proved total l0ss in consequence OF the success Of
The Atlantic cable.
BY the following extract the reader can form
condensed idea OF the increased recepCs from year to
year OF all the telegraph lines In the United Siates:
INCREASED EARNINGS THE TELEGRAPH COMPANIES