The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1885-08-12
Alta NT|(,
Te|egraphCO.
CAPITAL STOCK. 100000.
Par Value, SIS Per Share.
NO BONDED DEBT +!

The Atlantic Telegraph Company line between
this city and Boston and intermediate cities being
in operation, we now offer limited amount OF the
capital stock for sale. The Atlantic Telegraph
Company not only connects the two chief CONNER
cial cities of New England, having large business
interests in common but its 200 miles of pole and
700 miles of wire will traverse the most densely
populated territory of the same extent in the
United States, including the intermediate cities
and largest manufacturing localities in New Eng
land, viz: Cambridge, Somerville, Woburn, Lynn,
Lowell, Lawrence, Haverhill, Exeter, Portsmouth,
Dover, Nashua, Manenester, concord, Blad9lo ora
year business in this territory secure handsome
returns to this corporation, but in the summer
months it will reach the numerous hotels and
watering places dOtting the coast line between
this city and Boston. The Company has very
valuable business contract with the Baltimore and
Ohio Telegraph Co., and through this vast system
reaches the great commercial cities ofthe country
This extensive contract alliance is for ten years
and provides for renewals; the Baltimore and Ohio
Telegraph system agree not to construct a line to
points covered by the Atlantic Telegraph Co., and
to provide it terminal office or offices in Boston
free Of charge All tolls on messages, commercial,
press or market reports emanating and ending
at offices on the line of the Atlantic Telegraph Co.
destined for any points i'll the United States
reached by the b. & o. system are to be retained
by the Atlantic Telegraph Co. The fact that this
Company retains all tolls ON messages sent to all
points on the b. Il o. system, and all tolls on mes
sages that come collect from points on the b. ..
system reached by the Atlantic Telegraph Co., is
instructive when the dividend earning capacity OF
the Atlantic Telegraph Co. stock is considered.
This arrangements peculiarly advantageous to
the Atlantic Telegraph Co.; because it puts the
vast plant and business OF the Baltimore & Ohio
Telegraph system and the local New England At
lantic Telegraph Co. on an equal pooling basis.
The result of any consolidation, lease or sale of
the B. & o. Telegraph CO. is actually made protita-
Bile to this Company by guarantee from the b. ~ o.
Co in such case, OF an amount of exchange bust
ness based on the business for several months pre-
vious to such sale, lease or consolidation, in any
eventnoto be less than sum equal to six per cent
on the capital stock of the Atlantic Telegraph Co.
The promoters believe it will be eight to twelve
per cent. dividend paying stock. We think the in
yestment offered will commend itself for the fol-
lowing reasons:
LIST, Because another Telegraph Co. is absolute
ly needed for the prompt despatch of business be-
tween this city and points West.
I'd, The Atlantic Telegraph Company cannot be
consolidated or leased without permission from
the Legislature of the State of Maine.
3d. The contract with the b. & O. is extremely
liberal to the Atlantic Telegraph Company, and
together with the backing this powerful corpora
tion will give, and the local business already as
sured, it should be a profitable Investment.
4th, This Company has no bonded Indebtedness,
and only 100000 of stock.
9TH, The Company had in operation during the
month of June only three Offices, and the net
profits were at the rate of Az per cent per an
mum on the entire capital stock.