New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-06
TELEGRAPH COMPANIES.
mHENATIONAL TELEGRAPH COM.

LTELEGKAPHC COM
Il PANV.-A new enterprise, to be known as the
National Telegraph Company, has been organized
with valuable franchises conferred by recent act of
Inns of Telegraph on all the principal railroads and
mail rontes in the United States. The stock is to be
ssned upon the same principle as that of the Mer-
Chants Union Express Company, which recently
commenced operations. The design IS 10 interest
tSs entire business community in the enterprise.
This il done not much to dispc of the stock,
il is to secure the business OF the country through
WhlSs S ee to be $4,000 900 in 10000 shares of
the par value Of slC0 per share. share. but the aetpal M
smont 10 bs aid in cash is S35 per share and this
amount is to be paid as follows: One per cent of
the pAr at the time of ub.erbng, and no more un-
nj the entire amount has be en- subscrlbed andthen
on the calls to be made by the Board of Directors;
instruments not TO exceed hve per cant per month.
sT 81 oo will be
issued This will give the Company paid up cash
1icaa lines to ali or nearly all the paying points
rreached by the present monopoly.
Ihe ,pes plss9 9nonsoiidated into one huge monopoly
and are now earning six millions OF dollars per year.
hundred per eeh On ssn eq u
over one thousand per cent
The National Telegraph Company have areeogni'
portance of their enterprise with grant of the most
Valuable franchises ever conferred upon telegraph
company No competing line has ever had the
rights now granted BY Congress to this Company to
construct and operate lines over every railroad and
this Company differs from that of any Company ever
before organized. The question Of the Right Of
The stockholders of this Company can not he sold
out or transferred to any other Company. The act
ri (Inng gress under which this Company has been
ganized prohibits any transfer OF tie franchises
cans on Stockholders will be as follows, viz One
per cent at the time OF subscription, and subsequent
eails not exceeding FIVE PER CENT per month will
will be made by the directors from time 70 time as
may he necessary to supply funds to construct and
e0uip mes but n calls will be made after one per
cent has been paid until the whole capital stock
shall have been subscribed
IN il oonfdently believed that thirty-ive per cent
of the capital stock will construct and fully equip
81 o0l miles Of wire which will connect all the
mercial centres and important places in the United
States The opinion rests on the most rellnbie es
mates and responsible offers to construct and equip
The National Telegraph Company is organised
under the laws of the State OF New YORK, and fran
ehises conferred by an act OF Congress- approved
IT PTsesiidsnt-GEoRGE 81 a1tG B. sENTER, of Cleveland,
Vic; Vice Presidsnt-RoBERTs sQUIREs, ,ofNew York
city -
.secretsry--GEoRGE B. WALLER Of New
oompSny oaios-SA and 90 BROADWAY, New
York.
A limited amount Of the capital stock of this Gem
pany is allotted to this locality and those having
Opportunity and subscribing, Will be placed upon
equal terms with its corporatorf, and will secure like
interest in all franchises which have accrued msy
hereafter accrue, TO the Company from any and all
sources.
Parties wishing to subscribe to this enter rprise will
find thelsubscriptloa list at the FIRST NATIONAL
BANK, springheld, Illinois. no6