The advantages of the Telephone over the Telegraph for local business are 1st. That no skilled operator is required, but direct communication may be had by speech without the intervention of a third person. 2d. That the communication is much more rapid, the average number of words transmitted a minute by Morse Sounder being from fifteen to twenty, by Telephone from one to two hundred. 3d. That no expense is required either for its operation, maintenance, or repair. It needs no battery, and has no complicated machinery. It is unsurpassed for economy and simplicity. The Terms for leasing two Telephones for social purposes connecting a dwelling-house with any other building will be $20 a year, for business purposes $40 a year, payable semiannually in advance, with the cost of expressage from Boston, New York, Cincinnati, Chicago, St. Louis, or San Francisco. The instruments will be kept in good working order by the lessors, free of expense, except from injuries resulting from great carelessness. Several Telephones can be placed on the same line at an additional rental of $10 for each instrument; but the use of more than two on the some line where privacy is required is not advised. Any person within ordinary hearing distance can hear the voice calling through the Telephone. If a louder call is required one can be furnished for $5. Telegraph lines will be constructed by the proprietors if desired. The price will vary from $100 to $150 a mile; any good mechanic can construct a line; No. 9 wire costs 8½ cents a pound, 320 pounds to the mile; 34 insulators at 25 cents each; the price of poles and setting varies in every locality; stringing wire $5 per mile; sundries $10 per mile. Parties leasing the Telephones incur no expense beyond the annual rental and the repair of the line wire. On the following pages are extracts from the Press and other sources relating to the Telephone. GARDINER G. HUBBARD. Cambridge, Mass., May, 1877. For further information and orders address THOS. A. WATSON, 109 Court St., Boston. My Last Public Appearance