The south-western. [volume] (Shreveport, La.) 1852-1870, 1868-11-11
EXECUTIVE COMMITTEES:
Agents at Shreveport, La:
3. NJ. JOHNSON, Banker; w. e. ELSTN Err, Merchant
Principal Office of the Company:
G! Broadway, New York-RoeH.s Nos Sc, 81 and 50.
Agents at Shreveport. L
PROSPECTUS:

G! Broadway, New York-Roems Nos. Sc, 81 and 49,
PROSPECTUS:
It will be seen by the statements herein contained
that the organisation of this Company necessity
growing of the commercial and business wants OF
telegraph facilities at reasonable rates.
I-C0MPETITION VERSUS MONOPOLY
The whole telegraph system of the United States is
now in the hands of one company The evils insepa-
| rable from such agigantic and dangerous monopoly
are already numerous and increasing. Relief can be
found only in legitimate competition.
REDISTRIBUTION OF STOCK.
1t is proposed that the benefits of this company shall
be enjoyed, not by few favored persons but Jy the
business za6@ Of tie country whose interest is designed
to promote and whose liberal patronage will insure
its To this end is decided to place the Stock
at all commercial points. 1t will be distributed to
Bankers Merchants, Manufacturers and others in lin
III-THE CAPITAL STOCK.
Is TEN MILLIONS OF DOLLARS, divided into shares of
ONE HUNDRED DOLLARS EACH -.=
V.-CALLS-HOW TO BE MADE
One per cent. of the Stock will be required on sub
scrbng, aud subsequent calls not to exceed five per
tors, from time to me may be necessary, to supply
funds construct and equip the lines but no calls will
be made after the one per cent is paid until the entire
capital stock shall have been subscribed.
The Company confidently believe that thrtv-fve per
cent of the Capital Stock will construct and fully equip
1aceRty FSue THOUSAND lzes Of Wire, which will con
meet all the commercial centres and important places
in the United States. This opinion rests upon the
reliable estimates and responsible offers to construct
and equip the lines.
VI.-DIVIDENDS.
In all the net earnings of this Company will be
applied to the payment of dividends on its Capital
Stock and in event will earnings be diverted to the
construction of new lines
yIL-INCoME.
With the Stock in the hands Of the active business
men of the country exerting their influence to aug
ment its business and with range of twenty five thou
sand miles of wire equipped and in operation the Com
pany believe that at reasonable rates. the business will
pay liberal dividends Oh its entire Capital Stock.
vIH.-REAsoNs FOR THIS BELIEF.
May be found IN the enormous profits of every
siderable teegraphlne operated this continent The
present telegraph monopoly has watered its stock
to the extent of over one thousand per cent the
amount paid in aud still pays the stock thus in
hated, satisfactory dividends: Our Company will du.
plcate all the remunerave lines operated by the
monopoly, and subscribers will pay for our Stock only
the exact cost of our lines.
K-ADDITIoNAL REASONS.
The existing telegraph monopoes have never sought
to supply adequately the demand for the Of the tel
egraph, much less have they attempted to stimulate
such demand by an increase of facilities and reduc-
ton of rates. While their facilities have remained
about constant their rates have steadily advanced I'M
tax upon the commercial necessities of the country.
An advance in rates is their uniform expedent for lin
ting the amount Of their business to their restricted
facilities.
INCREASED FL CILITIEs AND LOWER RATES.
s Every intelligent man knows that an enterprise
founded upon the necessities of the trade has health
Ter and more durable basis when it aims to do con-
stany increasing business at fair rates, than when it
does merely restricted business at exorbitant and in
creasing rates. The success of cheap postagein Eu
rope and America seems never to have been thought
of by the telegraph monopostS 1t is believed that if
ten times the present teegraphic facilities were fur
nishsd to the public at tenth of the present rates.
the increase of business would justify the change.
XI.-OUR PROPOSED TELEGRAPHIC RANGE
Trunk lines throughout the United States and Ter
,tories, which shall ultimately with lines to
Europe, Asia and South America.
XI1.-WHEN TO BE DONE
Within one year from tte time the Capitol Stock is
the Company expect to have finished
twenty iive thousand miles of wires Of the best mate
rails equipped with instruments of the latest improve
ment, and the whole range in successful operation.
XIII.-cERTAINTY OF SUCCESS.
It is provided that every Stakeholder, in addition to
his regular dividends, shall receive equitable rebate
on the amount of business furnished by himself paya-
BILE annually; thus the Stock being widely distributed,
and every Stakeholder having special interest to aug
ment the business the Company success is deemed
Inevitable.
MISREPRESENTATION OF DIRECTORS.
To secure in the management an equitable reprcsen-
tatun of the Stockholders throughout the country the
large commercial centres will be represented in its
Board of Directors, and local agents will be appointed
Oh the recommendation of the Stockholders in the va
rious localities, and the operation of the Company thus
become general i'll its management well as its bust
ness.
XY.-THES COMPANY PERMANENT
Heretofore every new telegraphic enterprise has
later been absorbed By the dominant monop-
oy but the third section of the act of Congress which
'oners upon this company its valuable franchise abb
soutely requires it to maintain separate and indie
pendent existence. [See tn e Act below.
NvI.-THE OLD SYSTEM.
Under it photographic companies have been organised
by few wealthy capitalists; these companies have
oeen consolidated under one Board of Management
hey are made up of Opposition companies, with para
el lateral anduseess routes costly to maintain. Their
liabilities are heavy aud they employ multiplicity of
officers who receive large salaries; yet they pay large
dividends. With their capital stock largely watered
now in the aggregate to forty-two millions
IF dollars theyseek monopolise the business at ex
brilliant rates. and thus benefit the few at the expense
II many.
XVIL-THE PROPOSED CHANGE
The Shareholders in this organisation will be many
lines more numerous than those oany other telegraph
company, and Will be Interested in its business and
success. We shall establish only direct trunk routes
equred by the business of the country. WeshaI in
,ur no liabilities beyond our means in the treasury
md we hope by energy, economy dispatch and careful
to be enabled to compete successfully
viz the present consolidated monopoly, and to fur
llsh the public cheaper and better facilities of tee-
graphic communication. e=z-
44III.-THE PROSPECT.
The business of telegraphing is in its infancy. II
must rapidly increase in the mmediatefuture and yield
TIL greater returns. The business of the Southern
states having been suspended during the war viii soon
e reestabshed. Lines ofteegraph are projected and
process of construction to Europe, Asia and South
America, which, when completed will at once materi-
lily add to the telegraph business Of the country The
proposed routes of cur range annually becoming
more populous Cheaper rates and more rapid, GER
ain aud reliable facilities will greatly populafise the
eegraph and insure its substitution for the rails or
he purpose of current commercial coFrespondence.t
considerations point to our futare I'M
,ortan one and plainly show that this is the golden
opportunity for nangurang telegraphic enterprise of
he character and magnitude Of the one proposed
KHAN EXTRAORDINARY ADVANTAGE.
On the application of the National Telegraph Com
oany Congress at its recent session enacted the Nal
inn.I Telearanh Lazy Which Is nrinted hcrcMtt The