The Express.
London, England, 1852-12-28 00:00:00

THE ELECTRIC TELEGRAPH COMFANY

OF IRELAND.

Yesterday the first
.general meeting of this com-
pany was held at the ()oddball Coffee-house ; Admiral Sir
D ti.J.ox in the chair.

Mr. J. F. GRIFFIN, the secretary, having:read the notice
convening the meeting,
The CHAIRMAN said its thief object was to consider the
expediency of reviving the agreement entered into with the
contractor, and for applying to parliament for an act to in-
corporate the company, in extension of the powers it al•
ready possessed under deed of settlement and charter.
Mr. Arnim, the solicitor, read the provisions of the
proposed bill, by which it is sought to confirm to the com-
pany the powers already obtained and Carried out for estab-
lishing telegraphic communication from Dumfries to Port-
patriek and thence under the Channel to Donaghadee in
Inland', and so on to Belfast and Dublin, and other towns
in Ireland. The present capital was 40,0001., in 40,000
shares of If. each, but the bill would take power to increase
that capital to not exceeding 600,0001., the new shares to be
offered to eluding proprietors ; the existing agreement with
Mr. H. L. Gilpin, the contractor who laid down the sub-
manse cable, and for constructing lines of telegraph In
Scotland and Ireland, to be carried Into effect, with power
to enter into arrangement. with other telegraph companies
in England.
Mr. GRIFFIN, In reply to Lieutenant Lovelace, Hon.
Colonel Massey, and others, said, a leading object of the
proposed act of parliament was to limit the liability of the
shareholders, and confer on the company compulsory
powers to lay down lines of telegraph all over Ireland and
Scotland. The bill would be lodged on the 29th, in order
to enable them to go into standing orders.
The question was then put and carried by a vote of 16,000
shares present, and 3,600 proxies.
Mr. On.rne, the contractor, in reply. to questions put
relative to the delay that bad occurred In carrying out the
project and as to doubts that were entertained of its pree-
ticability, said the operations for laying down the sea line
of telegraph were commenced on the 20th of May, but un-
fortunately the promoters were overtaken by Very rough
weather and could not at ones complete the submarine
communication; subsequently, however, it was brought
from shore to shore, though no connexion had yet been
made with the land wires, the land works for which on
the Scottish coast were completed, though be regretted
to say that during the last three weeks the stormy weather
had on some portions of the more mountainous parts of the
route washed the soil out of the telegraph trenches. In
the course of two months, however, be thought he might
safely say they would be in working operation, and enable
them to derive, he would not say a large dividend, but at
least three per cent. on that portion of the works own.
pleted.
LieutenantLorxtrex—Am I to understand that the line
is actually taken across the channel ?
Mr. GILPIN—Yes, and ready to be connected with the
shore on the flint favourable frost and abatement of the
rough weather.
Lieutenant LOVILACE understood another malmsey had
succeeded in hying down the line hem Holyhead to
Dublin, three times the distance.
The CHAIRMAN—No, that was a total failure, as well as
the line laid down by the Magnetic Telegraph Company over
our route. There was no line but that belonging to this
Compaay.
Mr. GRIFFIN, in reply to Mr. Polkaed, said, the
a paay were Is possession of sufficient fends to complete the
undertaking in its first stage. The works in Scotland, with
the exception of a few miles in New Galloway, were com-
plete, and the lice would be opened immediately between
Dumfries sad Newton Stewart. Boys had boon instructed
la the varisasdistricts to work the telegraphic instruments.
Captain Nana had reported to the Admiralty that the cable
was laid dews istisfactorily, but that it was short, and had
to be laved st sash sod, and that is favourable weather it
could beam/Md.
Capein Lemmata sigussted that the authorities of the
MINIMIWISSIIIII and 1118 peel% net only is Nnglasd, but on
the Osadseek !Mold mat Y pretestlag the sew and
notionelly vestal mem id mememdsation by submarine
telegraph, by as all dr isindpal ports nod abeedat-
lag awes Ift urdsisd imasb. mat imps et the sea
✓ads maim subsassles miespaphs yam kid.
Thanks te ths 'Miriam sad diresisss dosed the proceed-
-1•11,-

COTTON.—Linsuroox, Dsc. 27.—Tke sales to-day are
estimated at 6,000 bales, and include 100 Perna= and Ma-
ranhao' at flid. to flid.; 100 Bahia, flid. to 6j4. 4600 finrat,
34d. to 4i4.; and 90 flea bland, 204. to 24d. The market
clews tamely, yet quite firmly. Compared with Friday's
rates, prices of all 'kinds are unchanged. By the Europa
we have amounts of great receipts oontinuing each week;
prima had tone down to 8 to Ett cents for Mildliag, but the
quality was worm, freights higher, Ike., and so but little
relief had beta experienced by the importer. Bea Island
were selling as fast as they arrived at 2i per lb. above our
prices.

COALS.-Lownow, Dsc. 27.-Bhfps at market. 83;
48.-Buddle's West Hartley, 16. ed. ; Darr's
Hartley, 16. ed. ; lledley's Hartley, 166 d. ; Holywell,
lee. ed. ; Howard's West Hartley Netherton, 16e. 6d. ;
Joasseolut's Hartley, 14e. ; North Party Hartley, 14e. 9d.;
Pelton Mats, 16s. 6d. ; Ravenswerth West Hartley,
16s. 6d. ; Bedhenegh Main Trader, 13a. Bd. ; Smith's
West Hartley, 16.1 d.; South Pew*, 16. ; Taoßdd
Moor, 14e. 6d. ; Tanaeld Moor Butes, 14s. &I.; West
Hartley, 16e. bd. ; Walls Had Clean'', 14e. Bd.; Walls
End foeth lee. ; WM. End Hadley, 16s. ; Walls End
161112E+0,th last, 140 dd.; Walla Had Limon, 16a. ed.
Walla End Northumberland Bast, 14s. 65.; Walls Bad
Riddell, 16a.; Eden Mails, 17a.; Walla End Belmont,
17s. ; Walls End Braddyll, 175.; Walls Had Het ,ton
17s. 8d ; Walls End Haswell, 17s. 9d. ; Walla End
Kepler Grasp, 16e. 9d. ; Walls Bad Pensher, 16e. ;
Walls Bad Russel's Helton, 17s. 3d. ; Walls End
dinout's, 17s, dd. ; Walla End Neagh Hall, 18s. 9d. ;
Walla End Hullos, 17s. ; Will. Bad South Hartlepool,
17s. 3d. ; Walls End South Bello*, 18s. 9d. Walls End
T 0.., 17s. &I.; &botanist Steam, 245. Bd. ; Llangenneeb,
245. M.; Sidney's Hartley, 16e. 9d.