New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-12-07
TELEGRAPH COMPANIES.

THENATIONAL TELEGRAPH OOM.
PANH;1A new ENTERPRISE. to be known as the
with valuable franchises conferred by recent act OF
Congress. for the purpose Of establishing Trunk
mail routes in the United States Yhe stock Is to be
issued upon the same principle that OF the Msr.
commenced operations. The design IS to intersst
the entire business community in the enterprise.
y to secure the business of the country through
The capital is to be slOOOoOOO in 10000 sh ares o,
the par value Of 500 per share, but the actual
amount to be paid in cash sS5 per share and this
the par at the time Of Subscribing and no mose D
til the entire amount has been subscribed and then
instalments not TO exceed five per cent per month
When thirty-hve per cent Of the par value Of the
issued. This viii give the Company paid up CASH
capital Of 81. 60OO90 which will be sufficient to du
reached by tho present monopoly
The present Telegraph Companies of the country
and earning six millions of dollars per YEAR
or over one hundred per cent the actual cost OF
tneir present capital having been watered
The National Telegraph Company have a recogni,
ton from the United states Government of the i'm.
pOrtance of their enterprise with grant of the most
valuable franchises ever conferred upon a telegraph
company. No competing line has ever had the
rights now granted by Congress to this Company to
construct aud operate lines every railroad and
this Company differs from that of any Company ever
before organized The question Of the Right of
"
The stockholders OF this Company can not be sold
out or transferred to any other Company. The act
OF Congress under which this Company has been or
ganized prohibits any transfer Of the franchises
granted.
Calls on Stockholders will be as fellows viz: One
per cent at the time OF subscription. and subsequent
calls not exceeding FIVE PER CENT per month will
Will be made by the Directors from time to time, as
may be necessary TO supply funds to construct and
luIp lines but no calls will be made afLsr one per
emit has been paid until the whole capital stock
shall have been subscribed,
1t is confidently believed that thrty-ive per cent
of the capital stock will construct and fully equip
1900 miles of wre which will connect all tho com.
mereal centres and important places in the United
States. The opinion rests on the most Telinbe es
mates and responsible offers to construct and equip
lines.
The National Telegraph Company is organized
under the laws of the stale of New York and fran
ehses conferred by an act OF Congress, approved
Pffe 81 B. sENTER. of Cleveland,
Vice President ROBERT soUIREs, ofNew York
j Treasurer PRENTICE. of New
seeretsry--GEoRGE B. WALTER, of New
osnpSny's ofice-84 and 0s BROADWAY New
A limited amount OF the eapital stock of this Com
psy y Aotted 70 this locality and those having an
ol'poiI UNITY, ana subscribing, will be placed uDan
eAua Terms with its eorpnrators and will secure like
erest IN all franchises which have accrued or may
hei carter accrue, 10 the Company from any and all
. Parties Wishing to subscribe to this snt.rurise will
nnd ula subscription list at the FIRST NATIONAL
BANK. Springfield. Illinois.