At the date of the Report of October, 1865, the capital
stock of the company issued was $21,355,100
It has since been increased as follows:—
October, 1865, by conversion of bonds 500
November, 1865, by exchange for stock of California State
Telegraph Company 122,500
December, 1865, by exchange for Lodi Telegraph Stock 500
December, 1865, by exchange for Trumansburg and Seneca
Falls Telegraph Stock, 3,500
December, 1865, by issue to Hicks & Wright for Repeater
Patent, 1,500
December, 1865, by exchange for Missouri and Western
Telegraph Stock, 400
December, 1865, by exchange for House Telegraph Stock, 1,400
April, 1866, by 2½ percent Stock Dividend, to equalize
stock as per Consolidation Agreements, 472,300
April, 1866, by consolidation with United States
Telegraph Company, 3,845,800
June, 1866, by issue for United States Pacific Lines, 3,333,300
July, 1866, by consolidation with American Telegraph
Company, 11,818,800
July, 1866, by exchange for P. C. & L. Telegraph Stock, 4,100
December 1, 1867, by fractions converted, to date, 49,100
———————————
Total present capital, $41,008,800
Of the stock issued for United States Pacific
Lines there was returned to the company, as
consideration for completing construction of
Pacific Line, $883,300
The company owns also, 120,800
——————————
$1,004,100
Out of this we have issued for—
Southern Express Co.’s Telegraph
Lines, $150,000
California State Telegraph Co.’s
Stock, 124,700
Other Telegraph Lines, 80,000
—————————— 354,700
——————————
Now owned by the company, 649,400
Balance, on which we are liable for dividends, $40,359,400