The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-12-07
PANAMA CANAL.

PANAMA CANAL.
1.-THE UNIVERSAL COMPANY"
FOP THE CONSTRUCTION OF AN lNcER'
OCEANIC CANAL THROUGH THE IsT6MOs
OF PANAMA, UNDER THE PRESIDENCY AND
MANAGEMENT OF
NJ. FERDINAND De LESSEPs,
PRESIDENT oF THE sUEZ CANAL COMP MY, MD
WITH THE PATRONAGE AND AssIsTASCEoF fIiE
PRINCIPAL BANKS AND BANKERS OF EUROPE
AND AMERICA.
OF 10000 SHARES OF 600 FRANCS EACH.
According 10 terms OF Organization deposited with
Mr.. Champeiier de Rites, Notary PUblic IN Paris
the
PANAMA CANAL COMPANY
will be organized With capital of 800 millions OF
francs. conslstingoe
100000 ,hares OF 500 francs
10000 shares have been reserved according 20
terms Of organization for The or giDal grantees IN
consideration for expenses incurred and grants
ceded by them 10 NJ. Ferdinand de Lesseps, the re-
manning 100000 shares being offered for puoic
| subscription.
CONDITIONS OF THE SUBSCRIPTION.
THE SUBSCRIPTION PRICE Is PAR, 500
francs ger share, payable as follows;
20 francs ttfSOl on subscription.
4 ha de Wit
| days from date OF emission.
The remaining 3l5 francs will he subject u call
a, NAV he deemed necessary by The Council OF ADJ
minIstration, no ice OF which viii be published at
| least three months in advance. No such CALI 10"
ever can b. made before the expiration Of one year
| from the date OF subscription.
After payment OF $50 frar the shares can be en-.
changed for bonds by the consent OF the stoekhoJ-
| ers at a general meeting.
| The owner OF each twenty shares viii be entitled
| TO one vote In The general meetings.
| Interest at the rate Of five per cent on all srns
paid IN VIII he paid during the progress OF the work
Eighty per c,nt OF the net earn ngs VIII be dis
tribuled % the stockholders according TO the terms
OF organization.
| The requirements for Official qlo'l'iOu viii be fol
allied soon after the organization ef the company.
THE PUBLIC SUBSCRIPTION viii be opened In
EUROPE and AMERICA
| on the Tin, 8 h, and 9th OF December, 1880.
The distribution OF shares subscribed viii be made
pro rata Of the total subscriptions without disnc-
ton Of nationality.
The following privileged subscriptions are not
subject 10 reduction:
| First The shareholders and delegates Of the su'z
Canal Company have the privilege of subscribing
| 10 one Panama share for each share or Delegation o
| The Suez Canal Company.
| Second. The original subscribers 10 the Panama
| Canal Company have the privilege Of subseiibins
for these Panama shares in proportion 10 their for
mer subscription.
| In order 10 avail themselves or this right, ne
privileged subscribers on paying the br,t 20 frases
should present their Sutz bonds or their eertincAes
| proving their original Panama subscription 10 the
! respective bsnking.bouse5.
SUBSCRIPTIONS win be received In PARIS b'
coMpAGNlE UNIvERsELLE DU CANAL DE
SUEZ,
COMpTOIR D'EsCOMPrE,
lsoCIFTE DE DFPoTS EFT DE COMPLIES CoU
RANTS,
soCIFTE GENERALE POUR LIE DEyEL0PP
MENT DU COMMERCE TT DE L1SDCs
TIRE IN fhANtE'
lGANQUE DE PARIS EFT DIES PAlS-b"S'
CREDIT LYONSAIs,
sOrlETE FINANCIERE DE PARIS
BANoUE D'EsCOMPTE DE PARIS,
and At all the Offices Of their branches ana IMAM
aud Foreign Correspondents.
.lso- in FNGLA AND, GERMANY. BELGIUM
HOLLAND, AUSTRIA, HUNG lRIA, ITALY
pIfssIA. SPAIN, PORTUGAL. SWITZERLAND
DyNMARK, SWEDEN, NORWAY, TURkkf
and EGYPT, at the special houses de'lgha'"
TIRE COUNCIL OF ADMINISTRATIONS H.
APPOINTED A SPECIAL COMMITTEE y
AMERICA TO REPRESENT THE COMPANY IL
THIS EMISSION.
uSptR THE AUTHORITY so GIVEN. Tal
u,nFRsIGNED WILL RECEIVE sUB.thlP
TONS BY MAIL AND TELE3hAfh'
nS'ND RExEL. MORGAN & C0.l Special
JG ~, sEI IGNhN q COZ American
WiNsLOw. LANIfR &JCQ.. u"inmit,s'
New Yofh cay.