Page 2 Advertisements Column 2

Hawke's Bay Times, Volume 16, Issue 816, 25 August 1870, Page 2

New Advertisements. PROSPECTUS OE PROPOSED COM PANY TO BE CALLED "THE DAILY TELEGRAPH NEWSPAPER COMPANT, LIMITED." PROVISIONAL DIRECTORS : Me. T. K. Newton, Me. A. Kennedy, Mb. G-. E. Lee, Me. J. Cttee, Mb. F. Sutton, Mb. R. H. Lobd. SOLICITORS: MESSB3. CtTEE & STEDMAN. BANKERS: The Bank oe New Zealand. SECRETARY PRO TEM.: Me. Henky Holloway. CAPITAL: £I,OOO, in 200 Shakes oe £5 Each, To be called up as follows :—los. per shave on application ; £1 per share on allotment j and £1 pfir share one month after. All future calls not to exceed £1 par share ; and not to be made on less notice than j one calendar month. ~Foj-' the protection of Subscribers the paper will be placed under the proprietorship of a limited Company ; this being the only effectual mode by means of which persons can support such a movement without incurring responsibility. The name of the Company will be " The Daily Telegraph Company, (Limited) "; the capital £I,OOO, in 200 shares of £5 each There will thus be no further liability on the shares. The Daily Teeegeaph will bo published every Evening at 4 o'clock. Subscription, quarterly in advance, 7s. Gd. ; Single Copies, 2d. Each Shareholder or Subscriber can contribute something towards the success of the paper by promoting its circulation, procuring advertisements, or by affording information to the Editor.

The Daily Telegeaph will bo the same size as the Hawke's Bay Times. The Articles of Association of the Company can be seen at the office of the Company's Solicitors. If a sufficient amount to start the paper fairly be not subscribed, all money will be returned to the Subscribers without any deduction. IHE Prospectus of a new Newspaper is generally for most purposes superfluous ; for although it may appear less than respectful to the Public, in those who ; ask its confidence, to make no professions at all, it is certain that a literary experiment can better describe itself by its performances than by its promises. Tin.* character of a newspaper is developed rather by its working than by any formal announcement of the anticipations or even the plans of its projectors. The professions of public writers seldom receive much at tention, and this is on many accounts reasonable. It were easy for the projectors of the Daily Telegraph to profess, in the usual' vague and conventional terms, utter impartiality and independence : this will not however be done by them 5 by their acts: they desire to be judged. In politics the Daily Telegbaph is independent both of individual statesmen mid of effete political sections, and in all other matters its con ductors are entirely free from the dictation of pecuniary or ether connexions with, trade, party, clique, or section. On subjects of political science they desire, while respecting public opinion, at the same time to guide it by an independent and vigilant criticism, and in all other respects they hope to render their journal a means of current discussion and information. These aims may be considered ambitious, but the conductors of this journal desire to be judged rather by their performances than by their promises—promises which can but inadequately describe their hopes and objects. They fully recognize the serious obligations and large responsibilities oi those who attempt in these difficult and troublous times to seek to influence the ! minds of active and intelligent men, and they do not feel that it is a necessity of journalism —though it is too much its present character—either, on the one hand, to yield to the hasty judgment of first impressions, and to pander to ignorance and prejudice: on the other, to deny public opinion and its legitimate power. The mere fact that the Daily TeleGEAPii is projected is a sufficient proof that its conductors are scarcely satisfied with journalism as it at present exists in their Province, either in its political or social aspects; but whether their newspaper will prove a popular innovation on Hawke's Bay journalism must depend on causes which they can but partially control. They appeal, however, with hope and confidence to public support, assured that earnestness, sincerity, and independence of thought and conduct can never plead in vain to an educated and reflective community.

[Form of Application for Shares.] To the Provisional Committee of "The Daily Telegraph Company, Limited," Gentlemen. —Please to allot me

£5 Shares in " The Daily Telegraph Company, Limited," which I hereby agree to accept, and for which I am prepared to pay the sum of ......to your Bankers when required. Dated this ..day of , 1870. Yours obediently,