The morning journal-courier., 1908-11-09

 established position which could only be equaled by, years of careful up- building and an expenditure of not less than one and one-half million dol- lars, under the most advantageous con- ditions. The United Company is the ;grist from the mill' of years of men tai and physical labor backed by the expenditure of millions of dollars in actual cash.
 ITS COMMANDING POSITION TO
 BE MAINTAINED.
 The Uuited Company now owns or controls the most efficient and latest improved apparatus of any wireless system in the world. Improvements will continue to be made, and 1t is reason able to expect that the company's own experts will be the foremost in making such Improvements; all of which be- | long to the company's assets, The United Company offers ready mar ket for any improvement which might be made by others, and 1t is the pur- pose of it's officers to purchase such | improvements as 1t needs, whenever they are made, and funds are already provided for this purpose. History re- cords that the company which became entrenched and successful when deyel- oping new discovery has been able to maIntainfits position and make large profits for its shareholders. It seems logical that the United Company should progress rapidly, extend solidly and be able to maintain it's control of wireless development-to have accomplished so well under the most difficult conditions of the past twelve months augurs well for the future.
 ASSETS.
 The assets of the United Company consists of patents, goodwill con- tracts, stations, boat equipments, fac tories, securities of other corporations, cash, bills, receivable and treasury stock, all of which total over s20000, 900 and Is estimated now to be worth (bas- ed on future earning capacity) over thirty million dollars. The stock which shall be sold from It's treasury holdings, to extend the company's operations Is expected not to exceed 100000 shares, or five per cent. of It's entire capital; this amount Is believed to be sufficient to supply all the additional capital ever needed by the company. This treasury stock is offered for sale for the reason that 1t seems best to dispose of such small portion of It's stock and be able to extend more rapidly than might be possible from the use Of the operation profits alone, and also to enable the company to moro quickly pay dividends on It's stock
 DIVIDENDS.
 Dividends will be paid as soon a, the shareholders of the Company vott that it Is the interest of the share holders for the directors to declare { dividend on it's outstanding stock. A tho annual meeting fin January, 1909 the matter will be brought before tho shareholders and decision mad, whether dividend may be paid ou of the earnings from the company business during 1908.
 FUTURE PROFITS.
 Future profits will depend cntirel! on the development of the eompany'' business The wireless field offerI greater opportunities for large profit: than any discovery made by man III to the present time. With the cable supplanted by wireless telegraph ant such business extended to include tht thousands of islands not now connect cd by cable; with the tens of thou sands of ships on the seas equipped , and kept In constant communication by tho wireless telegraph; with tn, telegraph business on land done witt the wireless entirely and the enor nous expense of maintaining pole' ! and wires done away with; with tnt , telephones supplanted by the United'i Wireless Telephones; with the railwa, trains run by wireless signal safety devices and ''aerograms" sent direc to fast moving trains; with tho police call, fire alarm. burglar alarm, light house danger signal service, etc., etc. and innumerable other services to be in time, done by wireless. who can say what the profits of the one successful company may be-