, 1874-10-15
the WESTERN uN0l0N.
President 0rton's Report at Tho In
nuai Meeting Of tho
Company.
Business Transacted Over the Wires
for the Past Yea:.

|
Maui fnae--.}n1nrovaft in
feiegfaphy.
.--......
NEW YoRE, Oct 1d.-Iho nnn'E1t meotlng Of
Tin WoYtor,, Union Telegraph Co r,nany waa ho)d
lo.,1av. Tho following iB tho annuul roport or
~ tIa1y. 9;yr,,,,io't 'o'0'' -
'''u n,,& ... =, ~, ro,.,m, II o., o7o
Iho caulai n.oeA VI s"o oo'nF'ksns ~ 99A'"fo'-
no. Of which tho Company owns aud AaH now
cani.al Of AM 7s6G G7G. THO ls,pded dobt IL
81 1i0 n11 of which aum s4,44k 90D is In nor
cent currency bonds, which will :n,aturo Nov. i,
1876 and 81 .I0a 00U iu por cont gold bonds, duo
in lJo3. S1'1'0NS e~N
1'' THE nospEp pEnr
yYap reduced during tho Yoar by the REDEMPTION
bondu OF the Anercal1 Telegutph Company.
which maturua oct, i, 1875 amounting 70
$50, 600. and by lin purchago f.or tho giakiug
fund Of 81. GOO Of tha nont1a Of 1909. Tho Com
pany has no floaliug deht.
Tic receipts for Tho yoar from <sll sources wore
s92sS s o6s9s and tl'o o1psns.. 80 7ssas
| have bean added to tho property Of tho Company
! during tue year by CONSTRUCTION purchagp. and
lease, 5,Y28 miles Of poIoa mud W.2G4 miIep Of
| Wirc baiug equal to about . pcr cant Of thn limo
aud II per cent Of tho wiro, and AS moro officoa
| woro III operation Mt tho close Of the yoar tlon
at the beginning The Company operusou at tho
close Of tho year =, ,5s5 milos Of line. lii, ,185
| 0,l6
Tho report, after explaining the distribution
Of tho 81, 2,50692o ID profits OF tho year, Shows
balance Of sl93 oT3.47, which Inns bcon carried to
tho crollt qf TUG iueome account, the surplus Of
rns MT PROFITS
for eight years from July !, 1866, TO Juno 80,
ls7a wofo s322 s99; 63s; ;o1. making an aggrcgato'
Juno 90, Of w 1pl s9o 20. o. thia sum s6ors has
inci1ding lho dividcnda payable July Ii, s5,6sz,-
1881; distributedfor ntereat Oh tho Compa1Ytu
ponds, =, O., ,S3S8l, showing balanca of
N5. No, 7a9o5.
Ibo 1asS nslilaal report stated that the Cud1a-
pahy hatl acquired majority OF tho stock Of tae
rAciflo ATLANTIC 7E1EanAru COMPANY,
and tlat negotiations were thon pending for =
lease m ct Its lines to the Western Union comEa-
n.y. These ueBotiationo were concluded IN po-
; combor inst. aud on lease Of ninoty-nino years.
ct an annual rh'ital equal to 4 por cent on tho
capital % stock M of s2ooo, quo, rons to be applied
ntst 70 LILO payment OF the dobts OF tho Pacltic d
Atlanslc Company, aud thoreAtter to bo dlstrlb-
nsoa Pre- ratn M a,o am0ng ao the ahnreAolor of tue
9ao. Tho entlro rental Of tue your 1874 VII! 30
Company. III proDablo; however, that thsro-
a.tor tle IohsaI " can 20 a!atflpasoa among tho
, Btockholders. lAo OPERATIONS OF the
D INTERNATIONAL OCEAN 9ELRaRAfa COMPANY
durlnT sno past year Aase Deen very satisfactory
ahd GlVo promises OF SILL potter results. At
present com!nuniGat1on by cable between punta
hossl hnd ho9 Hes5 is interrupted, Luz Btopa
hayo Doen takon to repair tho oablo Ihe new
cable between hoy Wess aud HaVana, laid tho
year before, has bee! paid for and tho entire
| hoating debt OF tho Company discharged on Inst
ycafa earnings AZ present t9qfe arc tWo gooa
cao.os posGeon S snoso polnia. Vnlosa IL saat 10
: found nockssaty, Ia order to 1nsuro CON-
| | munlcasion D2twocn tho United statoa and
tue West lndles htd South America.
to lay On aad't1oual r. caolo between
funta Kossa aha hey Nest' II ls pronao1e tnat .
Fay1nent " u!'leleuub 50 h,oeAuo1de1s y sno
lntornaaoiial oeean IeGgfaph Company VII 20
rosumed within year. This property is destined
, 10 Increase areeiY IN Ya!ne IN tne lutnre. Iao
receipts ol tho International Ocoan !Iaealegraph
Conpst.ay nos tne your oul!E 'nao ~. 1ot9, Hoio
: @9oS, otu.99i expenses, r. , ,5el ~, leaving 2
oalahee O. mot -pronla S-ot t,3o9'o',. TO whlon ~
aaaoa @ TX 5Sooo - o. pones lssuoa, maale to'h. "
9ao3ouo2o. uut VI t'n spt. p'1 tx ~ ~ ns .
Deoh laue 10 snu A.uoas .. 9zo. ~
En- nGco w W ea lSn on ~ sno gGof X
J. s7u.oG-oi $a'oou,ooo eapltal: VI ,x1,
TIE GOLD han STOCK TELEaaArA conpAS7. :; ,ao I'm
i tho Montera unlon ~ cGnpaGny M OWLS @ ~
IT, g1oss ea aoo dot sa Msen1 nop'; ao
iola wore sost,o9o &c eanenseS' nan S4ap;ouo aeas
Jug ne1 psont ~ W. " Mnc NV VIZ r.
pcaaou ~ H." nom @ - ~ ~
a1u n.ocA nnn eus a..ss 1nn IN mn nSn
l., earnings dnr'E tho past -FOUR years over S1oquou
III aot ~" 49,, ,.es ~. . a. ~ iato r.
TUE nosEf.IhAssfE1l sEns1oE. .4' oi ~.
as Msu an u"s puno On 1S1i I'm ..enunt sSti, ths
1lsca Seal, Suuo o., aots, .no VII 4at spe
ny" G"''as a p1unons,es, ,s, ~ 49,, ,.,a, ~ 1 ant
M ill., %ors Te was uesed es, rsY
=. aud it IL expected That me poftlon 70 oe occn
pied by tue Company w DO ready oy uaras'aa a,a,s
j. The results OF the Companyni opeEasions dr,
ing th1 aca Seas a Ut M - en9 T. prosa ~;
one, enow reauS.io 6 u ~ ~.
70 colpts hutl 94oi oaol ~ net ploh.s wnGn 1oss
the r9ancs III rntea M Which t1o M III m so
~ vy 1o'o; aun tao ,a .no .na t ,parai ataT
t;n i, ~ owa, aa,artSsnt oY hsiness whieh
~ nas'oil ~ every uel'A,t'aens VI puS'u70' "H's
u, ~ lnnnoatately aonowoa ~, ,,,,n,,rs
of THE Sus!nEh or MESSAGES =,
M %a 0ang II a nreee9ne
apomr ~ PER uenes rs,ot G,ef for fnc aae aa
ye"r' Steiuk " ussteso 'ssetE' 49, ~"~A
sago Of about % estta: ,a,,n,..a
ty sEw why INVENTIONS, "a Isssn =, rrh;o,, tvo
Ihe aupeA ulpaIsus. W aeds ~ ~, m
messages hro Aet III oPoso 4 sovnn. on
ID. wire " tue eahlo un1e' iu'S lib
Q. utility. s+,,, n,oro ,o,dcrfu