The Express.
London, England, 1866-03-10 00:00:00

MSS2B. J. 8. MORGAN AND CO. ARS PRZPARID TO
NECKIVI.IIDISCIIPTPONS PON SUMP IN THS
k Npa=-AMERICAN TELEGRAPH
COMPABY (Limited).
under the .. Campania lot, 1801; which Mita
. the SahM4 a each Shareholder to the amount a the sham
aubseribed by him.
Capital 11800.000, in la,ooo Shares at LlO ads. 1
Der& on spplication • al
ea allotment• Si
LI
• IME A
I Auto
et pril
.AS

•
ZIO - i
Pharr eniegemenn with the Albano Teisetthla out
allY, this
Osman, will be entitled to resolve LA% pm aware
_ of lis• wain. from the werklag of the A do Telreint=
Cotentnfs Lime, end they wal also be entitled to
125,000 pm annum from the New York, feserfosadiend, and
looks 'relent Company, out of the earnings of that COM:
piny for thro mom'
The egrembente twain Me Companies provide for other coa-
nageni advantages, which are at gated.

araidnuta.
Gone Peabody, bq., It. Old Broad-stmt.
=ward Cr pr. Feu.. SWltllind4 Peadrd
Copts& A. T. Bandit°•
Botton-row, Pimal.l.
Bishard Atimod Ms" • ARUM, DorMW,.
Dialed Gooch, MR.. II P., pork It Indoor.
iftsszry Bawls,. Sp. Wlllow-gark
Broods claw. 54, Lorabard-strast.
• taill 4J.K. tS, Great Goargesdrosi, Wsdotastor.
I. Iltows" Istetart. Isomasorlatd, Rydrpark W.
11•11,1*—Mslars. Bs," Trittoa. Twills. sad Co.,
Lotabard-stres KC.
BA*T tasa)—J. O. Dom. Ikt4.

Osemany Irds boom einddlobsd hoe tho
Olosoortieuras of the preeso=ths
Dade bstona Go
as So aj
jinn* Om ell worlined the awn to
minelhe wilda boa pm In offer to emogiele a
seamdline to
Thiciretizodwoms ataineng Or sword ansallota elm anf
thn wart ban greatly bspmeed tho readdissin et an them who
bane been mood in sad Off are coselneed lib rs
vendettas" will be attended with mesa
The wads Walk of 1.111 mutiml miles 41 sable had tram
NM dna* =ester. in July lasi continuos goriest sword-
lag to Se day repona of the electricbms in charge at Valente ;
and the dassmations taken by Captain Jame' AMMON el es
Great lisatara. and Slat Commuldar Mary A. Moriarty. R.N..
ham determinedera=., the Wakes end with the 'Unapt
socuise7. W. sad the calm englumie endniff Is the
late expedisolo am that with the ineeldnery and tackle
now being prepared, they will be able to ribs the adds end
complete the tine to Newfoundland.
The 1,070 nautical miles et adds which has ressaimid ea heard
the Wept Ushers dam ANNA lan nortined is be ha se ger-
fect candid's).* wins it vas shigped.
Tba Atlantis Talographr/shad arranged tor
the tandsrisosnary Pm work by on for
Inn
pee mai. gnitgrattiremis Omni having boon ream* eddied
tivent, snot wodierlasel by their acts of penmen% the
bein irtilidiawn. soda the sataeriplarms is. being

it Ms therefore besot decided tisk for the purpose of aiding
in the completion of this hnpartant imierliuchig• an entirely
distinct Com y brimmed. sad tide Oammey is meow-
ing", f with valarneelLrtvitenebersinallter
amazed to them by wi Atlantic T=
Cremenv. and the New York, Newfbmiland, end Imam
TtlNlfehamOshN
TlAlustgdor are semairalidurn el Association, which has Immis
In amordaem with the .ftstpantni Act, ISM is
ref the 'grommet entered late between the Atlantic
Telierapb Company sad this Cempeny is, that the latter under-
take tbermaaeraeliee for the forma Company of 1.000 sailltial
Mho of new gable to be sided to that now on board the
Onal BanWs, sod for ha submersion, from versa.
PSOMISUI DelesiNewfbandiessi dartsgg the anselng semmer,
and Say of arWe Mellaral far eat lag ead eons-
the gable ei bid year.
lispltiCesspine swaps to work both gables er either se
the ere milW lerd ma iller Weft and as behalf of Ms /Minis
01E601 diving the *optimism+ of the mtermit
ae=mktiegivemieni tarthel provid, that broomiders of the
so mairesteo by UM Ogaspan, then Man
annual gamma by the Atlantic Telegraphy CommaMO, te this
Company ad of Ms centime from the working of the cables of
LiihrOp, the errangement beteg, then the noeipie Is each year
from alllthe IM
Telegraph Cemponfe Dom me, after pay-
ing gagmen of rapelm,_ management, working. sad &mottoes.
and In (MI moseding S4OOO xir emu* or the
tomes el the Adierho Taiegreph Comma,. to be appregrisied
tires
SUM Is pubs toil& Company =o,per annum.
leoesd. I. paying Of I,llooper mouse retweemeing II per s
eent.
en thenAtis Company's existing MM. ani per
sank o Moir ordinary Stock) to the Atlantic Telegraph Com
panizikand
The entire balance of oath year's ma'am ids to be di
vided between this Company and ibe AthinW Teleglaph Com-
ma" fa mtial MOM ; bet no defamer in napes' or Um above
annual payments In any cm year is M be serried forward to
another year.
The is right reamed to the T of
terminating the apeaseest on or before itreAftaXl,l)l6
(on Ririe, three meatbe males to OM ediessi, pripmmit to
this Company of the min of £1,100,044,1M1eg imileib•1111101$111
Marinaaapl if, bower, the Allmtio Telegraph Ccalmin7
this option. the AV-Americas Clempary ban the
right to take payment of L 1,190.000, otte-leff la cash and
one-half in ordinary Atlantic Telegraph shares at par, instead of
the whole amount in cash.
in the event of the Atlantic Telegraph Company inevelang
their right of redemption by payment of the above-named sum
of £1,111.,000, this Company will be forthwith diamilved and the
funds distributed amongst the shareholders
The New York, Newfoundland, and London Telegraph Com-
pany, with a view of securing the completion of telegraphic
commuleatioa between Ireland and Newfoundland during the
present year, have by their Deputy• Chairman, now in Loudon,
agreed to contribute Li ;,000 per annum to this Company eat of
their share of the melees. for through meempre between Ire-
land and America, and passing over their lines. This subsidy
will termluate upon the payment by the Atlantic Telegraph
Company of the L 1,100,000 above mew lOnen. or upon both cables
ceasing &Mena December, 1.06, to be in working order for twelve
succeed's months The agreement his been forwarded to New
York for formal railecation there.
To Bum up the financial snangementa, the "Sect will be as f ol-

lows : -
The shareholder in this Company will be entitled to EIBS,OOO
a year out of the earnings of the Atlantic Telegraph Compaaja
line*, and 1,25,000 a.year out of those of the Newfoundbrad Com. I
Deny for through busbies', together £160,000 a-year upon a capi-
tal tef £eoo,ooo, making ZS per cent. per annum. But this by no
m, one represents all the advantages which may accrue. es, se- I
cording to the calculations that have been made, his souldently
believed that even with a elnala cable and a low tariff the re- ,
venue will afford a large additional sum for division. An cell.
mats drawn up by practical and experienced telegraphists of the
probable »tweets annexed.
The Directors have great confidence in recommending this
undertaking to the public.
The Telegraph Construction and Maintenance Company will
manufacture the new cable and undertake the actual execution
of the work convectedtor by Ws Company, as above stated MD
to the opening of the Atlantic Telegraph,llues for public business),
for • total sum of de 'O,OOO with a bonus, to be provided by
the Atlantic Telegraph Company Hader their agreement with
this Company, of £1117,140 in ordinary shares of the
Atlantis relegraph Company, payable by Instalments.
extending over fourteen months. in case the cable of last
year le sueceedully completed, and continues in working order
during that period.
In the possible contingency of the new cable not be inieteses-
tally laid. 8600,000 only will be paid to the Telegreph
tion and Maintenance ' , and this Company will in that
event be entitled to the ue of all the unused and reeovered I
cable (subject to the payment of certain specified
thereon), and it is estimated that this amusement will ifrobaviiteel
in case of failure, for a return to the shareholders of this Company
of at taut one-third of their paid tip capital.
The whole of the deposits on hares will be returned to the
subscribers, if two-thirds of the capital of the Company are not
• subscribed. or If the agreement with the New York. Newfotind•
land, and London Telegraph Company is not ratified by them.
Copies of the memorandum and articles al association can be
at the counting-house of Messrs. J. B. Morgan and fro..
larifiecrtreate at the offices of Messrs. Birchen and Co., di, Par-
r Dement-street

ANGLO-AMERICAN TELEGRAPH COMPANY (Limited).
The Directors cae.not of course bind themselves at present to
any tariff for messages. The amount to be charged will he a
matter for consideration hereafter. lint it may be safely amassed
that it will not be leas than 6s. per word. Working at 6s.
per word, only live words a minute, twenty-four hours per day,
and allowing 300 working days for the year. there would be a
gross revenue of 61,900 a day, or 6640,000 a year. This is for one.
table only.
The highest authorities In electrical seines give it as their
opinion • th.t eight words a minute could easily be obtained
through the Atlantic Cable. And there is every reason to antici-
pate that at a tariff of anything like 51. a word there would be
move messages offered than the Company could transmit
The undersigned append their names as considering this esti-
mate of the probable result a reasonable one.
LATIMER CLARt, M l C.E.
CoasaltingEngineer to the Electric and International
Telegraph Company.
HENRY C. PORDE. 3LI.C.L.
PLUMING JESIIN, P.R.&
WILLI All THOMSON, LL.D., ir.ll-11.,
Professor of Natural Philosophy in the University
of Gisow.
CROMWELL
Electrician to the Elect le and international Tele-
graph Company.
The realisation of this estimate (allowing L 5.000 per annum
for working expenses, would make the income of the Company
over 6300.000 per annum.
Appilcations for shares are to be made and the deposit of El
per .ha
rere paid to Messrs. J. ft Worsen and Co.. 11. old Broad-
stet, from whom prospectuses, with forms of application for
shares may be obtained.
Should a less number of shares be allotted than is applied for,
the deposit will. so far as required. be appropriated towards the
payment due on allotment. If DO allotment is made. the amount
deposited 101 be at 011C4 returned without dedactioa.
March & INK

SCOTT'S BILIOUS rald. LIVER PIL
JLI • Never falling remedy. prepared without any
ingredient. trots the recipe of Dr. butt, will be found lwahugde
to all who suffer from billow and liver ormeralate. Indigestion.
wind. wawa, giddlncee, dilrinms Vol gee. 40. For habitant
acetivenew ea a family aperient medicine. and se a parlike
the blrod. they are truly excellent mild in their operettas and
grateful to the ateemch. they create appetite, promote digestion.
and atrangtlies the whole narrow system—gold by
Wt, chemist, 8, Ling Willlawatrest, Charing-meek and by mod
,ye in bailie. lid. and to. lei Be awn to net Ng Dr.
swigs Miler's and Liver pills, The genuine win a square green
p.ettane with Witham Lambert" engraved en the damp.

MADRID, M•aca 9.