New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-23
TELEGRAPH COMPANIES.

| 1,HENATIONAL TELEGRAPH COM.
| 4 PANH-7A new enterprise, to be known as the
with valuable franchises conferred BY recent act Of
Congress for the purpose OF establishing Trunk
mail Eontes in the United States he STOCK Is 10 he
issued upon the same principle as that OF the Mer.
commenced operations. The design is to inteTsst
S n entire business community in the enterprise
rms Us uone not SO much to dspcse of the stock as
1t ls 70 secure the business of the country through
The capital is to be sIoOOOoOO in 10000 shares q,
s .p par value Of 500 per share. but the actual
amount 70 be paid IN cash is S3S share and this
amount IS to be paid as follows: One per cent Of
the par at the time OF subscribing and no more 10.
I'll me entire amount has been subscribed and then
on the calls TO be made by the Board of Directors;
instalments not 10 exceed five per cent per month
shares has been paid Certificates II s,oeE SI the
a az ~ w give the Company paid up cash
plicste lines to all or nearly all the paying points
reasoned by the present monopoly
The present Telegraph Companies of the country
have been consolidated into one huge mononoIyy
ano are now earning six millions of dollars per year
their lines their present capital having Be- vatsTed
over one Thousand per cent. ''ou
The National Telegraph Company have a reco0ni.
ton from the United states Government Of the Inn
portanoe Of their enterprise with grant OF the most
company. No competing line has EVER hsd he
rights now granted By Congress to this Comnanv 70
il s TtsS sSts sTs and
this Company differs from that Of any COMPANY ever
VsiofS the question Of the Right Of
The stockholders of this Company can not be sold
oug or transferred to any other Company. The act
OF congress under which this Company has been or.
gemze9 prohibits any transfer Of the franchises
calls on Stockholders will be as follows viz. Ops
per cent AZ the time OF subscription and subsequent
calls not exceeding FIVE PkE CENT per month viii
Will be made by the Directors from time to time a.
may De necessary 10 supply funds to construct and
equip lines but no calls will be made after one mar
cent mas been paid until the whole capital stock
shall have been subscribed
~ is confidently believed that thirtyfye DER cent
Of me capital stock will construct and fully eouip
SvOy miles OF wire, which will connect all the com.
meicla centres and important places in the United
states The opinion rests on the most relinble ~.
lines. '-1 S4Np
The National Telegraph Company is orpap,zad
under the laws OF the State of New York and fran
9nises conferred by an act Of Congress, approved
a PIrssldsnt-GEoRGE B. sENrER. of Cleveland,
Vice Presidsnt-R ROBERT sQUIREs. of New York
TEeasursr-FR PRENTICE, of New
seeretary-GEoRGE B. WALTER, of New
York city. - ~"
York. " N A'e"
A limited amount of the capital stock Of this Com
pany le allotted to this locality and those having an
opportunity, and subscribing, will be placed upon
equal terms with its corporators and viii secure iia
interest in all franchises which have accrued or NAV
hereafter accrue, 70 the Company from any and all
Parties wishing 10 subscribe to this emit rprise will
nnd the subscription list at the FIRST NATIONAL |
BANK, Springfield. Illinois.