The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1868-04-18

q
Competitions versus Monopoly.
l. The whole telegraph system of the U
States is now in the hands of one company.
The evils inseparable from such gigantic
and dangerous monopoly are already num-
erous and increasing Relief can be found
only in legitimate competition.
Distribution Of Stock
,. 1t proposed that the benefits of this
company shall be enjoyed, not by few IA
vored persons, but by the business men of
the country, whose interest II is designed
TO promote, and whose liberal patronage
Will insure its success. To this end it is
decided TO place the Stock at all commercial
points Ii viii be distributed TO Bankers,
Merchants, Manufacturers, and others in
limitsA amounts.
The Capital Stock.
| 81 Is Ten Millions Of Dollars, divided into
shares Of One Hundred Dollars each.
CdA-H5p to be HAD,
4. One per ct of the stock will be required
on subscribing, and subsequent calls, not to
exceed five per cent per month, viii be
made by the Bsard of Directors, nom time
to time, as may be necessary to supply
funds to construct and equip the lines: but
no calls win be made after the ono per cent
! is paid until the entire capital stock shall
have been subscribed.
Aetual Capital required.
5. The company confidently believe that
thirty-fve per cent of the capital stock viii
construct and fully equip Twenty-Five Thou
sand miles of Wire, which viii connect all
I the commercial cenfers and important places
! in the United States. THIS opinion rests
/ upon the most reliable estimates and re-
/ sponsible offers to construct and equip the
lines.
Diridsnas
s. In all cases the net earnings of this COM
pany will be applied to the payment of divi-
dends on its capital stock, and in no event
will earnings be diverted TO the construc-
ton Of new lines.
bseon,e.
:. With the stock in hands of the active
business men of the country, exerting their
influence 10 augment its business, and with
a range of Twenty-Five Thousand Miles Of
Wire EQUIPPED and in operation, the company
believe that, at reasonable rates, the bust
ness will pay liberal dividends on its al
tire capital stock
Reasoas far the BeFeC
~ May be found in the enormous profits of
every considerable telegraph line operated
on this continent. The present telegraph
monopoly has '-watered its stock to the ex-
tent Of over one thousand per cent on the
amount paid IN; and sim it paws, on the
stock thus inflated, satisfactory dividends.
Our company viii duplicate ell the remun-
/ eratiye lines now operated By the monopo-
~ and subscribers viii pay for our stock
emily the exact cost Of our lines.
Additional Reasons
o. The existing telegraph monopoli.s have
never sought to supply adequately the de-
mand for the use. Of the telegraph, much
less have they attempted to stimulate such
demand by an increase of facilities and
reduction of rates. While their facilities
hor Cd .I.a-,.
have steadily advanced, until the use of the
telegraph has come to be prodigioRs tax
upon the commercial necessities of the coun-
try. An advance in rates is their uniform
expedient for limiting the amount Of their
business to their restricted facilities.
Increased Facilities and Loaoer Ratss.
TO- Every intelligent man knows that an
enterprise founded upon the necessities Of
trade has healthier and more durable basis
when il aims 10 DO a constantly Increasing
business at fair rates than when il does
merely restricted business at exorbitant
and Increasing rates The success of cheap
postage in Europe and America seems never
10 have been thought of by the telegraph
monopolists. 1t is believed that if ten
.sinies the present telegra phic facilities were
furnished 10 the public at one-tenth Of the
present rates, the increase Of business
would justify the change.
our proposed 1tteyTdphic hQFge.
il. Trunk lines throughout the United
States and Territories which shall ultimate
" connect with lines to Europe, Asia, and
South America.
When to be Done.
u. within one year from the time the
capital stock Is subscribed. the company ex-
pect to have finished twenty-five thousand
miles Of wires OF the best materials, equip |
ed with instruments of the latest improve
ments, and the whole range IN successful !
operation.
Certainty Of Success.
10. Its provided that every stoe, -
s e ~ Z In * g u. Ii EeglEj1s s.
business furnished by himself payable Nl.ii-
nually; thus, the stock being widely dis
tributed, and every stakeholder having a
special interest to augment the business of /
the company, success is deemed inevitable. 1
Dssh15uion Of Directors.
IA. To secure IN the management an equit-
able representation of The stockholders (
throughout the country, the large CONNER I
cial centers viii be represented in its Board 1
of Directors, and local agents viii be ap-
pointed on the RECOMMEND ation of the stock +
holders in the.sE2rious localities, and the i
operations ffseSpany thus become gem
eral in its r. ~ as well as its bust
]. !.
absoidy1 - atain a separ-
ate and ihdepehdeis e1isfshce- lsee the
Act below
The Old System
l6. Under ii telegrayhic companies have
been Organized BY few wealthy capitalists
these companies have been consolidated nm
der one Board of Management; they are
made up Of opposition companies, with par
allel, lateral. and useless routes, costly to
Their liabilities are heavy, and
they employ multiplicity of officers who
receive large salaries; yet they pay large
dividends. With their capital stock largely
Natercd, amounting now in the aggregate
% Forty-two Millions Of Dollars, they seek Is
. monopoliFc the business at exorbitant
rates. and thus benefit the few At tho cyl