The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-12-08
PANAMA CANAL.

"THE UNIVERSAL COMPANY"
rop THE CONSTRUCTION OF AN INTER
OCEANIC CANAL THROUGH THE lsThMus
or PANAMA, UNDER THE PRESIDENCY AND
MANAGEMENT OF
NJ. FERDINAND DE LEssEPs,
PRESIDENT or THE sUEz CANAL COMPANY, AND
WITH THE PATRON AGE AND ASSISTANCE OF THE
PRINCIPAL BANKS AND BAsKEss OF EUROPE
AND AMERICA.
OF 500 900 SHARES OF 00>FRANCs EACH.
According 10 terms of organization deposited with
Mr.. Champe,ier de Ribes. Notary Public IN Paris,
the
PANAMA CANAL COMPANY
will be organized with capital Of 800 millions OF
francs. consisting Of
100000 shares or 500 francs.
10000 shares have been reserved according 10
terms Of organization for the original grantees I'D
consideration for expenses incurred ana grants
cceed by them to NJ. Ferdinand de Lesseps' the re-
nsiniug 100000 shares being offered for pubic
subscription.
CONDITIONS OF THE SUBSCRIPTION.
the suBscRlPTIoN PRICE Is PAR, 500
{ rsees per share, payable as follows:
20 francs ts4.soD on subscription.
100 francs on allotment 10 be made within thirty
days from date OF emission.
The remaining 3 10 francs viii be subject IT, eau
rs may be deemed necessary by the Council OF Nd
min,stration, noice OF which will be published at
H. On. ADJ IN Suc W.
ever can made before he expiration of one year
rem the date OF subscription.
Aftrr psymeut Of $50 frat c. The shares can be ex
hanged Tor bonds By The consent OF The sockhoid-
ere a, general meeting.
The owner OF each twenty shares will be entitled
to one vote In The general meetings.
Interest AT the rae Of i've per cent. on all sums
paid 10 viii be paid during The rogress of the wrk'
EIsbty per csnt. OF the net eain!ngs will be dis.
triUu,ed oshe stock holders aecordsg TO the terms
Of examination.
The requirements for cfacisi quotation will be fui-
alied after the organization cf ths company.
THE PUBLIC SUBSCRIPTION win be opened in
EUROPE and AMERICA
on the TN, g. h, aud 9th OF December, 1880.
The distrbution of shares subscribed will be made
pro rata OF the total subscriptions without disIinc-
ton OF nationality.
The following privileged subscriptions are not
subjecs 10 reduction:
first. The shareholders and delegates Of the suez
Canal Company have The privilege of subscribing
20 ooe Panama share for each share delegation OF
the Shez Cansi Company.
second The original subscribers 10 the Panama
OAnxi Company have sbe privilege Of subscribing
for these Panama shares incorporation TO their fer
mer subscription.
- In order 70 avail themselves or this right. the
priylexed subscribers. psy lug the fst IS francs,
should present their Susx tond or their certificates
proving their original Panama subscription 10 the
respective bankiny'bouses.
SUBSCRIPTIONS win &c received In PARIS by
co3arA0xiE USrvERsELLE DU CANAL DE
cQAPf0iR b'EscoMP1E,
s6CitfE DE DtP0Ts EFT DE COMPLIES CoU.
RANTS
soCir1E GENERALE PUUR LIE DEvfLoPP-
MINT DU COMMERCE 1T DE L'iNDUS-
THiE IN FRANCE.
RAAoUE De PARIS KT DIES PAYs-BAs,
CREDIT LYUNSAls,
eOcIErE FINAKcSERE DE PARIS.
BANQUe D'EBC0MPTg DE PARIS,
and q ~ Ire claees d their braDchss and IplApd
apd geee1ga Correspondents.
Aia. y tNaLA AID, GxRMASYs BELGIUM
uuLLAxp. AUsxR7A. huNGARiA, ITALY
RUSSIA. GrAJHs T0RT UGkL. SWITZERLAND
DkHXAHkS DWE0tN, NORWAY. TCHKEY
80 koYfyssk tss speesa' hcuss asssxnstea.
4ax countn 0r AnnsS,sfaAr,ox HAl
ArF0lz1TAD 4 eRDtSAL (Un6NIfTEs d
$1,000 xe xSPn FsEHT Tia COMPANY II
y Z! q! I /. s.x A.zso.!rs Q s.yzx. M