The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-10-04
SUNDAY MORNING. OCTOBER 4, 1888.
The National Telegraph Company.

This gigantic enterprise, since its organization
within the last two years, has not only been en-
dowed with rare and valuable franchises by Con.
gress but has received the cordial recognition and
approval of the Nav Orleans Chamber of Com.
merce. That Chamber, in series of resolutions
passed on the Sth ult., cordially recommended it
TO the confidence of our commercial community as
sure means of reducing the present excessive
cost Of telegraphing, and advised the merchants
Of New Orleans 10 advance its completion by
subscribing to its stock. The Chamber also
certified in the most emphatic terms to the worth
and responsibility of Daniel Edwards, Esq.,, re-
sident director for Louisiana, Alabama, Mississippi
and Texas.
The great advantage offered to the people of
the entire country by this organization Is, that
by establishing trunk lines of telegraph on all the
principal railroad and mail routes, the monopoly
hitherto enjoyed by the one company that owrs
the whole telegraph system of the United States
will be broken up, and the nordinate charges re.
duced to a reasonable standard by the force Of
competition. The organization and success of
such an enterprise is an absolute necessity srow.
ing cut Of the commercial and business wants Of
the nation. There is room, and plenty OF it, for
half dozen duplicates of the telegraph system
ss it new exists, each one of which, once estab-
lshed and to be relied on, will bsve its hands full
of business and its stockholders amply repaid.
The Directors of the National Telegraph Com.
pany propose that the benefits accruing from it
shall be enjoyed, not by q few favored persons,
but by the business men of the country. To this
end stock books have been opened at all CONNER
cial points.
The capital is $40 900 600, in shares of 500 EACH
One per centum will be paid cash on subscribing,
and subsequent calls, not to exceed FIVE per cent.
per month, made from time to time, in order to
supply funds for the necessary cost of construc.
ton. No calls, however, over the one per cent.
can be made until the entire $40 600 900 shall have
been subscribed.
There 10 every reason to believe that thirty-fye
per cent. of the capital stock will construct and
equip rs 900 miles of wire, equal to the entire cir
conference OF the earth. THIS immense length Of
communication will connect all commercial cen.
tiers and places Of importance in the United
States.
Such are the profits of all present telegraph
liues, in financial point of view that there is no
reason to doubt but that IS OOe miles, constructed
at sn outlay of 3,5O0,OOO, will pay liberal divi
dends on the entire capital of $4,000, 600. These
results are shown by the balance sheets of the
present system, which pays fatteripg dividends
be nearly 1000 per cent. over the capital abso-
lutely paid in.
The National Telegraph Company has also con.
tracied with the French Trans Atlantic Cable
Company TO connect with all the great CONNER.
cal and populous localities in Europe.
Even at the present exorbitant rates of tele.
graphing, the lightning is fast superseding the
mail in popular use and popular patronage The
National Company, encouraged by the success of
the cheap postage system in America and Europe.
are determined TO introduce it in teegraphing. |
Reduce the cost of messages one half, and where |
one is now sent, there will be twenty.
This immense enterprise is like the Pacific Ran.
road-it is necessity Of The times, and it is
founded on principles and a noneyed basis which
VIII infaiby insure its success. Its directors are
men OF the first commercial integrity and wealth
in every city Of the United States, who are devoting
her utmost exertiOns to It's speedy and triumphant
completion.
limited amount of the capital stock has been
allotted to this locality, and Col. Edwards will
take pleasure in giving full particulars about
everything concerning the company to all who
may esllsat his Office. Is, 80 and 80 New Levee
street.