The Hickman courier., 1868-07-11
FK-OaRGcAW@.


Principal ofee Of the Company ca Broad
way, New York Rooms Nos- 3e, 81, 3s-
FrOHDGc4"B.
Il win be seen by the statement herein
contained that the organization Of this com
pany was necessity growing out of the
try imperstiVely demanding an increase OF
| telegraph facilities at reasonable rates.
Competition versHs Monopoly.
l. The whole telegraph system Of the O.
States ia now in the hands of one company.
The evils. inseparsble from suoh gigantic
and dangerous monopoly are already num-
erous and increasing. Relief csn be found
only IN legitimate competition.
| DistTi5nnoa Of Stock
| 2. I. is proposed the; the benefits Of this
companY shall be enjoyed, not by few IA
vored persona, but by the business men Of
the country, whose interest it IS designed
to promote, and whose liberal patronage
| will insure its succ~s. To this end il is
decided 20 plsce the Stock at sll commercial
points. Il win be distributed to Bankers,
| Merchants Manufacturers, and others in
| limited amounts.
The Capital Stock.
| a. Is Ten Millions of Dollars, divided into
shares Of One Hundred Dollars each.
Csll-Hss9 10 Be Aa3s.
4. One per ct OF the stock will be required
on subscribing, and subsequent calls, not TO
exceed sve per cent per month, viii be
made by the Beard of Directors, from time
10 time, as may be necessary TO supply
funds 70 construct and equip the inee: but
no calls will be made after the one per cent
is paid until the entire capital stock shall
have been Subscribed.
ActueI CapitaI Required
s. The company confidently believe that
thirty-hye per cent Of the capital stock will
construct and fully equip Twenty-Five Thou
sand miles of Wire, which will connect all
the commercial centers and important places
in the United States. This opinion rests
upon the most reliable estimates and re-
sponsibls offers to construct and equip the
lines.
Dipidenis
s. In sll cases the net earnings of this COM
psny will be applied 70 the payment of divi-
dends on it's capital stock, and in no event
viii earnings be diverted to the construc-
ton Of new lines.
= With the stock in hands Of the active
business men Of the country. exerting their
| influence to augment its business, and with
a rance Of twenty-five Thousand Miles of
Wire equipped and IN operation. the company
believe that, at reasonable rates, the bnsi-
meas viii pay liberal dividends on its en-
| tire capital stock.
Reasons for TIE Belief.
(s1 May be found in the enormous profits of
every considerable telegraph line operated
On this continent The presen; telegraph
monopoly has ''watered' it's stock 10 the
tent Of over one thousand per cent on the
amount paid in; and still IL pays. the
stock thus Unlisted, satisfactory dividends.
Our company will duplicate all the remun-
erative lines now operated by the monopo-
ly, and subscribers will pay for our stock
only the exact cost of our lines
Additional Reasons
9. The existing telegraph monopolies have
never sought to supply adequately the de-
nand 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
have remained about constant, their rates
/ have steadily advanced. until the use Of the
telegraph has come to be q prodigious tax
upon the commercial necessities Of the coun-
| try An sdvence in rates is their uniform
! ex pedient fer limiting the amount of their
business TO their restricted facilities.
| TacTeosed Facilities czd Lclger Rates.
10. Every intelligent man knows-that an
enterprise founded upon the necessities of
| trade has healthier and more durable basis
| when il aims 10 do 8 constantly increasing
! business st fair Ietes than when it does
merely restricted business st eKorbitant
/ and increasing rates. The success of cheap
postage in Europe and America seems never
/ to have been thought of by the telegraph
menopolists. 1t is believed that if ten
| times the present ielegrap phic facilities were
| furnished TO the public at one-tenth of the
present rates, the increase of business
would justify the change.
Oar Proposed Telsgrqphie Range.
States and Territories, which shall ultimate
| ly connect with lines to Europe, Asia, asd
| South America.
When 10 be Done.
10. 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
mente, and the whole range in successful
Certainty Of Sueesss.
IS. II is provided that every stockholder,
| in addition to his regular dividends, shall
receive an equitable rebate on the amount of
business furnished by himself, payable an
nnally thus, the stock being widely dis
tributed and every stockholder having
| special interest to augment the business of
the company, success is deemed inevitable.
| Distribution Of Directors.
| IL To secure in the management an eauit-
able representation of the stockholders
throughout the country, the large CONNER
| eial centers will he represented in its Board
| of Directors and local agents will be ap-
pointed on the recommendation of the stock
holders in the various localities, and the
operations of the company thus become gen.
| eral in it's management we'll as its bust
ness.
The company Permanent
Is. Heretofore every new telegraphic en-
terprise has sooner or later been absorbed
by the dominant monopoly but the third sec
tion of the act of Congress which confers
upon this company it's valuable franchises
absolutely requires il to maintain q separ-
ate and independent existence. LSee the
Act below.
The Old sgsteaa.
l6. Under II teIegraphic companies have
been organized BY few wealthy capitalists;
these companies have been consolidated I'M
der one Board of Management they are
made up of opposition companies, with par
1Ilel, lat eral, and useless routes, costly TO I
maintain. Their liabilities are heavy, and /
they employ q multiplicity of officers who /
receive large salaries; yet they pay large |
dividends With their capital stock largely /
watered, amounting now in the aggregate
TO Forty-two Millione of Dollars, they seek
TO EoncpoliZe the business at exorbitant
rates, and TINS bensft the few at the ex-
peas. sE man.