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

SMALL CAPITALIZATION.
 With It's present assets and subsDan- tial net income, coupled with the pos- sible enormous earnings In the future, the capitalization of the United Wire less Telegraph Company seems lnfln- iteslmal. The wire telephone com panies in America have together a combined capitalization one hundred times as great, yet within few years the wireless telephone will suppant the wire phone. The Western Union Telegraph Company in its financial statement for the year ending June 80, 1908, had an outstanding stock of $99,917 100, bonds amounting to $38,- 645,000 and other liabilities amount Ing to $21,695,634, making total of liabilities equal to more than eight times the entire authorized capital of the United Company. The cable com panies annually pay dividends on hundreds of millions of stocks and bonds, and were It not necessary for them to set aside such large amounts
  as they wear out they could pay div idends on several hundred millions additional securities. Recently two wireless stations, one at Honolulu and ono at San Francisco, which together cost less than s10,000, were in contln. uous direct communication for tive and one-half hours. The cable cover. ing the same distance cost about $2O,- 000,000, and as sale value is generally based on earning capacity 1t would seem that only two United stations costing 0 few thousand dollars, may In some cases, fully justify it's entire twenty millions of capital. Following the same line of thought and em. bracing wireless operations in place ot the present cables and further exten sion of such service, wireless on tho tens of thousands of boats on the seas wireless to replace the wire telegraph On land, wireless to replace the wire telephone over land and extended tC the small boats, moving trains, is lands, etc.; wireless railway sigma systems, wireless fire and police alarn systems, and numerous other uses fol wireless, its possible profits are great CT than any discovery made by man. SEEMS SENSIBLE TO BUY "UNTT-
 ED" STOCK NOW.
 The officers and directors of tn, l United Company are men of ability an( excellent standing and have proveI their business so that small investor can always be assured of honest treat ment and an equitable division of thu profits of the company. United Wireless stock is now lov priced and advancing rapidly in valu, and should soon bring high prices.-- New York Mercantile and Financia Times, Oct. 24, 1908. UNITED WIRELESS TELEGRAPH
 CoMPANY's ATLANTIC AND GULF
 COAST STATIONS. Boston, Mass. | Bridgeport, Conn.
 Plaza Hotel N. Y. City Waldorf Astoria Hotel. N. Y. City. | 42 Broadway, N Y: City Manhattan Beach. N. Y, Galilee, N. J.
 Bellevue -stratford Hotel, Phila,, Pa. Atlantic City, N. J. Ten Eyck Hotel Albany, N Y. | Baltimore, Md. l Norfolk, Va. Cape Hatteras N. c. l Elizabeth City, N. c, | Charleston, s. c.
 Port Boliver. Tex. Savannah. Ga | Key West Fla l Mobile, Ala. l Galveston, Tex. l New Orleans. La. 1 Fort Morgan, Ala. | Port Arthur. Tex | Havana, Cuba l Tampa, Fla.
 SHIFTS EQUIPPED WITH UNITEI
 sYsTEM--ATLANTIC AND GULF.
 Mallory Line. l Denver l Concho l San Jacinto Nuecces l Brazos
 Rio Grande 1 Colorado
 Sabine
 R NJ. $. l Orinoco l Tagus i Trent l Atrato
 Magdalena
 N. Y. PR. $. C, Co. | Carolina | San Juan 1 Ponce l Coamo
 Rcd 'D, Line. Philadelphia l Caracas