New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-27
TELEGRAPH COMPACT
.HENATIONAL TELEGRAM

THE NATIONAL TELEGRAM,
L PANY:-A new enterprise, to be IN
National Telegraph Company, has been Y
with valuable franchises conferred by ! raI
Congress. for the purpose OF establish;oe
Lines OF Telegraph on all the principal rai.
mail routes in the United States The stnIl
issued upon the same principle as thai ~
chants Union Express Company, whiSb
commenced operations. The design il y
the entire business community in the y,
This is done, not so much to dispc a of ttel
il is to secure the business of the COUNT
which the lines pass.
The capital is to be $1,000 900 in loo nm
the par value Of 500 per share, but N
smount to be paid in cash is SIS per shars
amount is to be paid as follows: One ~
the par at the time Of subscribing, and Nv Nv
til the entire amount has been subscribsS !
on the calls to be made by the Board NJ Il
instruments not TO exceed five per cent ~.
When thirty-tve per cent of the par w
shares has been paid, certificates OF stell
Issued. This will give the Company a n N
capital OF 50, 10000, which will be suffcis,
plis tie lines to all or nearly all the payis.
reached by the present monopoly
The present Telegraph Companies of N,
have been consolidated into one huee !
and are now earning six millions of dollar
Or over one hundred per cent on the actp,
their lines, their present capital having bsss
over one thousand per cent.
The National Telegraph Company hava =,
tion from the United States Government
portanee OF their enterprise, with granto,
valuable franchises ever conferred n non W
company. No competing line has avs'
rights now granted by Congress to this n,
construct and operate lines over every All
mai route in the United States. The "
this Company differs from that of any Com
T WnS 8rganlzed me question of the
The stockholders of this Company can n,
out or transferred to any other Oomnanv
OF Congress under which this Company IL.
ganized prohibits any transfer Of the /,
Calls on Stockholders will be as follow,
per cent at the time OF subscription, and =,
calls not exceeding FIVE PER CENT per ~
will be made by the Directors from tins Il
may De necessary to supply funds to const
equip lines. but n? calls will be made an
cent has been paid until the whole cam
shall have been subscribed. p'
1t is confidently believed that thirty. 6vs
OF the capital stock will construct and n
25,OOO miles of wire, which will connect ali
mereial centres and important places in u X
States. The opinion rests Cd the most te
mates and responsible offers to construct |
lines.
The National Telegraph Company i,
under the laws OF the Stale of New York !
chises conferred by an act OF Congress
July "a, 1866. w.
Pfesident-GEoRGE B. sENFER, o, @
Vice President-RoBERTs QUIREs, ON
:. Observation-Disclosures PRENTICE
York city. ~
York city.
:. Company's ofice-64 and 90 BRoADw
York. 80 "
A limited amount of the capital stock of
pany is allotted to this locality, and those
opportunity, and subscribing, will be BIN
equal terms with its corporators, and will =
interest in all franchises which have accrue
hereafter ArrrnR
sources. ~
Parties wishing to subscribe to this entsr
nnd the subscription list at the FIRST MAJ
BANK, Springfield, Illinois.