Page 6 Advertisements Column 3

Hawke's Bay Times, Volume 16, Issue 821, 12 September 1870, Page 6

"THE DAILY TEUECRAPH." PROSPECTUS of Proposed Company to be called "The Daily Telegraph Newspaper Company (limited)." PROVISIONAL DIRECTORS: Mb. T. K. Newton, Mb. A. Kennedy, Mb; G-. E. Lee, Mb. J. Cuff, Mb. E. Sutton, Mb. R. H. Lobd. SOLICITORS: Messbs. Cuff & Stedman. BANKERS: The Bank of New Zealand. SECRETARY PRO TEM.: Mb. Henby Holloway. CAPITAL: £I,OOO, in 200 Shabes of £5 Each, To be called up as follows:—10s. per share on application ; £1 per share on allotment ; and £1 per share one month after. All future calls not to exceed £1 per share j and not to be made on less notice than one calendar month. For the protection of Subscribers,the paper will be placed under the proprietorship of a limited Company j 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 TelE&baph will be published every Evening at .4 o'clock. Subscription, quarterly jin advance, 7s. 6d. j 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 Telegbaph will be 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 sufficieot amount to start the paper fairly be not subscribed, all money will be returned.to the Subscribers without any deduction.

HE Prospectus of a new JN ewspaper is generally for most purposes superfluous j 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 per formances than by its promises. The character of a newspaper is developed rather by its working lhan by any formal announcement of the anticipations or even the plana of its projectors. The professions of public writers seldom receive much attention, and this is on many accounts reasonable. It were easy for the projectors of the Daily Telegkafii to profess, in the usual vague and conventional terms, utter impartiality and independence : this will not however be done by them ; by their acts they desire to be judged. In politics the Daily Telegraph is independent both of individual statesmen and of effete political sections, and in all other matters its con ductors are entirely free from the dictation of pecuniary or other 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 i but inadequately describe their hopes and objcots. They fully recognize the serious obligations and large responsibilities ol 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 Telegraph 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 far 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, ItllullllllElMKl't