The Hickman courier., 1868-06-13

Principal Office of the Company Ga Bead
way, New York. Rooms Nos. 81, 81, 3s.
~rOSHBecG UH~
It viii be seen by the sts.s4,YttIb Il
I pany WAS necessity growing out Of tn
commercial and business wants of he coun
try imperatiyely demanding an increase 0
| telegraph facilities at reasonable rates. .
Competition rersus Nonopoly.
!. The whole telegraph system of the
States is now in the hands of one company
The evils inseparable from such gjganti
and dangerous monopoly are already nun
erous and increasing. Relief can be foun'
only in legitimate competition.
Distribution Of Stock.
Ut is proposed that the benefits Of thi
|pany shall be enjoyed, not by few ia
ed persons, but by the businessmen Q
c<Hhtry, whose interest it is designed
pmote, and whose liberal pstronag,
sure its success To this end IL il
ed to place the Stock at all commercia
r'5.lts. Ii viii be distributed to Bankers
Merchants, Manufacturers, and Others il
limited amounts
The Capital Stock
g. Is Ten Millions of Dollars, divided int
shares Of One Hundred Dollars each.
CaH-Holo to be MaGs.
A. One per ct of the stock win be required
on subscribi bing, and subsequent calls not Il
exceed FIVE per cent per month, viii bc
made by the Beard of Directors, from time
to time, as may be necessary to supply
funds to construct and equip the lines; but
no calls viii be made after the one per cent
is paid until the entire capital stock shall
have been subscribed.
-dctlal CIgital required
.. The company confidently believe that
tlIirty-fve per cent of the capital stock viii
construct and fully equip Twenty-Five Thou
sand miles Of Wire, which viii connect all
the commercial centers 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.
D'riaends.
g. In all cases the net earnings Of his com
pany win be applied to the payment offtivi-
dends on its capital stock, and in no event
viii earnings be diverted to the construc-
tion Of new lines.
Taco77e
:. with the stock in hands Of the active
business men Of the country, exerting their
influence to augment its business, and with
"a range OF Eit F-uNt 1 IuOlt5anN -tAlfr OF
Wire equipped and IN operation, the company
believe that, at reasonable rates, the busi-
ness wiz pay liberal dividends on its en-
tire cal ital stock
R qsons for he Betec
~ May be found in the enormous profits Of
every considerable telegraph line operated
on this continent. The present telegraph
has '.watered its stock to tie ex-
tent OF over one thousand per cent o. the
amount paid in; and still II pays N the
stock thus inflated satisfactory dividends.
Our company viii duplicate ali the rmun-
erative lines now operated by the mopopo-
y, and subscribers viii pay Tor our stock
only the exact cost Of our lines.
Additional Reasons.
@ The existing telegraph monopolies have
never sought to supply adequately the de-
nand for the use of the telegraph, much
ess have they attempted to stimulate such
demand by an increase Of facilities and
reduction of rates. While their facilities
nave remained about constant their rates
nave steadily advanced, until the use OF the
has come 10 be "A prodigious tax
Ipon the commercial necessities of thecoun-
ry. An advance in rates is their uniform
'xpedient for limiting the amount of their
business to their restricted facilities.
Increased Facilities and Lolcer Rdta.
10. Every intelligent man knows that an
founded upon the necessities of
rade has healthier and more durable basis
= he n il aims to do constantly Increasing
business at fair rates than when ii does
merely n restricted business at exorbitant
nd increasing rates The success Of cheap
- in Europe and Ameriea seems sever
been thought of by the telegraph
lists. II Is believed that if ten
present telegraphic facfrfties were
si'cl TO the public at one-tenth OF. the
nt rates, the increase of business
Justify the change.
lo,g Proposed Tetegrqphic Range.
H. Trunk lines throughout the United
states and Territories, which shall ultimate
Y connect with lines to Europe, Asia aad
18th America.
When 10 be Done.
10. Within one year from the time the
apital stock is subscribed. the company ex-
iect TO have finished twenty-five thousand
niles of wires of the best materials, equip |
d with instruments of the latest improve
Cerfaialg of Saceess.
IS. is provided that every stocl1i 81 - /
n addition to his regular dividends. slaad I
eceive an equitable rebate on the amount of 1
usiness furnished by himself, payable an
ually; thus, the stock being widely dis
,4uted, and every stoekholder havinea "a
pecial interest TO augment the husines@'of
he company, success is deemed ineyitabse..
Distribution Of Directors. II
MUzSo secure in the management an eqT-
representation of the stock holss9fs
Ehout the country, the large conlf7'es-
nters viii be represontedSin its Bs.<si
;tors. and local agents viii bclaiD-
N the recommendation of the s,sssilx-
i'm the various localities, andvfbe
ns of the company thus becomsFefi-
lts management as wen as its busi-
The company Permanent
Is. Heretofore every new telegraphic en-
.rprise has sooner or later been absorbed
= the dominant monopoly; but the third sec
ON Of the act of Congress which coafers