│ │ │ │ │ │Malta & │£ │ │ │ │ │ Alexandria │sterling│ 52,142 x 4.86 =│ 253,410.12│ 375,046.97│ │ T. Co. │ │ │ │ │ │Mediterranean│ │ │ │ │ │ Extension │£ │ 31,200 x 4.86 =│ 151,632.00│ 224,415.36│ │ Telegraph │sterling│ │ │ │ │ Co. │ │ │ │ │ │ │ │ │——————————————│——————————————│ │ │ │ │$10,328,994.37│$15,286,991.61│ └─────────────┴────────┴───────────────────┴──────────────┴──────────────┘ Average cost of telegrams in Europe 81⅚ cents. Footnote 2: The Commercial and Financial Chronicle gives the lowest price of gold in 1866 as 124⅞, and the highest 167¾, making the average 148, which we have adopted as the standard value for that year. _Statistics of the Western Union Telegraph Company of the United States and of the Montreal Telegraph Company, Dominion of Canada, for the year ending June 30, 1867._ ┌─────────────────────┬───────────────┬───────────────┬───────────────┐ │ Name of Company. │Total Number of│ Receipts. │ United States │ │ │ Messages. │ │ Currency. │ ├─────────────────────┼───────────────┼───────────────┼───────────────┤ │Western Union │ 10,067,768[3]│ │ $5,738,627.96│ │ Telegraph Company │ │ │ │ │Montreal Telegraph │ 573,219│$258,000 gold =│ 381,840.00│ │ Company │ │ │ │ ├─────────────────────┴───────────────┴───────────────┼───────────────┤ │Average cost of telegrams in the United States │ 57 cents.│ │Average cost of telegrams in the Dominion of Canada │ 66 cents.│ └─────────────────────────────────────────────────────┴───────────────┘ Footnote 3: These are exclusive of railroad messages, of which this company sends many millions per annum. In fact, the safety of all the roads in the United States is largely due to the free use of our wires in running trains. The total receipts of the Western Union Telegraph Company for the above year were $6,568,925.36; but of this amount $521,509 were received for transmitting regular press reports on contract, and $308,788.40 from other sources,—leaving only $5,738,627.96 for telegrams. Of the 10,067,768 messages sent during the year, 8,004,770 were on commercial and social matters, and 2,062,998 containing special press news, the latter amounting to 75,359,670 words.