The Express.
London, England, 1868-08-14 00:00:00

—iniiiiefa—Mte have been made with the Submarine Telegraph
Company for the exclusive use of one of their wires between Esc
land and Dieppe, from which place the French Government will
construct a special wire to Breet direct for the Company. By this
means, the valuable eo.operation of the Submarine Telegraph
Company has been tteenreC and an uninterrupted route from Eng-
land to the United States will be established.
The French Government bee promised its support and assistance
to the Undertaking, and an honorary committee of the highest
position has been foamed in Pane.
It has been generally acknowledged that, both for political and
commercial reasons, the laying of a direct and independent cable
from the continent of Einem, to the United States was only a
question of time, and e-ing the extraordinary inemeas of
telegraphic meninges wherever new facilities are afforded, it la to
be expected that the new undertaking will create froth thine.
independent ,of that of the old co
slinkiest to ensure
earnings of equal if not emitter amoun
The published report of ttes of the Atlantic Tri=
Compeny to their Annual Met held in February last,
the following statement e revenue hum the cane is pro-
greening eatisfactorily, and tbe reduction in the rate; which eon-
mewed on Deoember let ;lea), haa tended much to the development
of busitiore. The grime returns :of Lane made to this Company
Mine the nth July, len. by the AngimAnserioan Company, show
the following daily aversrs
From Jody nth. ittrlt., INC the average
per day has been about LIANA
From December let, Get to Feb. Ilet, INS
From January le; lass, to Feb. Ilst, 1660
This average of £I,XO gives an income of about £475,000 a year.
From their Lonnie however, thew xi=zCempanks have to pay
one-third to the Newfoundland (ken a charge from which
the present Company will be free. It be the object of the
new Company to fix such rate* for meatier. will secure the
namable traffic. The price to be
trot
intended to be
lifir • message of 10 words, and it seems not too sanguine en ex-
peetation that at this rate the line will hid constant antelortneats
Thepowerof transmiegion of the new cable isestimated,
to the report of the engineers and electrician.", at a minimumaftor
andper =haute, which, ado 14 hours • day for waste time.
consequently mL 10 boar. a day for actual work, and taking
300 working days la the year, gives, at the rate of f.2per ateseage,
an annual income of 1.432,000. Practically, the propoetion of day.
and boors tort would, in all probability, be Lee then is asetimed in
this estimate. The working expenses of the new line may be
calculated to amount at the utmost to 1,30,000 per annum.
The ;imposed cable will be laid in two sections ; the tin from
Brest in France. to the French island of St. Piene, off Newfound-
land ; the sewed from Bt. Pierre either to New York direct, or to
a point between Boston and New York, with a special line to the
Let named city.
A emereei has been antesed into with the Telegniph Conetnln
tion and Maintenance to manufacture and lay the cable
for the sum of Zen of which Olen) ill payable in moth by
agreed Instalments ' and shimtht of the
cable. Tbe restatzdng Z 1 othe,ooo =ilieriurepayable in the following
manner, rts. is es tally paid-up stares, after the section from
Brest to St. Pierre shall have been laid end tested satieteeterily
for thirty etteonnee days ; £lO,OOO in cash after the section from
St. Pierre to the United etatesym shall have been laid and Meteda for
thirty days, and the gnid paent of flo,ooopid-ue
sheres efter the entire ends shall have been six months sate-
factory operation.
Allowinglloo 000 for the contraction of Shelton lines, engineer?
eluirmscatarvisikeband all expenses up to the opening of the line,
and the consideration hereafter seated to De Oven for
the eoneemion upon emcees, there will remain a balance. by way of
'l.=of Ve
e rest Easternn will be employed in laying the deep sea por-
tion. Sir Samuel Conning with a competent staff will have charge
of the submendon of the cable. Sir Jamie Anderson will act on
behalf of, and watch over the Interests of the Oompany.
The cable is conteseted to be shipped in June nert, and the line
L expected to be open for traffic in the mane of next year.
The gable will be of the beet eciestraMion, and of the
same description as those manufactured by, the Con-
ateuetion Cornany for the Atlantic and Anglo-American
Companke. The cable will be protected by tar2lke the 1065 e,
and advantage hes been taken of all the expanses sines gained.
In accordance with the unanimous recommendation of the engi-
neers and electricians, the Weight of copper in the conductor has
been increased Lam 300 lb. to 400 ih per knot. By this means
greater rapidity of tranambeion is obtained.
In tracing the route, a deter.: ha. been made to avoid the tisk of
Webers. and anchorage on the banks of Newfoundland. It Lon
these bank, that all aceicants to the existing cables have occurred.
Sir James Andereon has remided his opinion that the object
Ulm *ought for will be fully attained; that in fact the new line will
be entirely tree from ace by icebergs, and does not cross any
anchorageresotted to by tithing yowl; Nearly one.half the cable
will be in a depth of water where the submergence will be easy, and
the recovery for repairs inexpensive. The deep sea portion will be
in a depth similar to that in which the present cables are laid, and
from wbich the 18116 cable was recovered- Under them einem-
stance* and the company having secured the service* end expe-
rience of all the eminent men who hare contributed to the success
of the former expeditions, the tisk of the lament undertaking PI
reduced to a minimum.
Arrangements have been made with Sir William Thomson, Mr.
rimming Jenkfn, anal Mr. Crowley, for the use of their patented
instruments with any future improvements.
The conotemortairen, by an agreement dated and Aogaet, 186 A,
and scheduled to the articles of ...dation, have to Mene-
fee to the Company their concession from the Imperial Govern.
ment of Planet., together with all their rights under the conmii.
don from the State of New York, and the benefit of the under-
mentioned agreements, and to defray all mitten/es up to the regis-
tration of the Company in consideration of 3.000 fully paid shwa,
to be saint d to them whenever the cable shall have been sumer.
fully laid, and shall have continued to work natiefeeterily for 50
slays. They will also be entitled to receisra one-161h part of the
surplus net prelim in each year, after meting wide a reserve fund
equal to 6 per cent. of the net profits, and after payment of a divi-
dend of le per cent. to the shareholders. These contingent prone
will, for eonvenicnee. be attached to a portion of the fully paid
shares. It will be, sem from this that the conceesionaire look
only to the memos of the undertaking for their remuneration. and
for the 'repayment of the expenses they have already ineurest
Copies of the Ainceinenta and of the Memorandum and Article.
of Association. and of the Concessioas, lie for insciti at No
ogles of the Solicitors of the Company, Moen. ehoff, Cone,
and Bumpier, 19, Colentanetrete-
Promectuses and forms of application for shares may be obtained
at the rabies of the Company, Bartholonsemboure, and at the
Union Beak of London, Princesratnet, and their melees branchee.

SCHW'EPPE'S lITNERAL WATERS.--Orders
Modally prepared for import to every elbaate. Menafactories
Livvradol. Bristol. Glasgow. Derby. and Malvern.

OXYGENATED WATER---Kvaepg in London
during the season is not Yte in Roe fresh air of the
eeentry i but refreshing and in drub may be obtained
by an evening draaght of .mst.ed Ms% bosh iron the LA
BORATORY, Se, LO ISB-AML er thee/It-SY dreglibni m sew
containing Mx Betties.

BOSCOMBE
SPA SELTZER.
TAM NATURAL INEDIZER WAT
i• found in • nem Bosrneaeeut .navel boaestroablo
taste and lirrigors goyim et the trila tont le
entirely tree how the its mek in the
manufartare of isnitetienn Dr. liesZr=tdate 1/4 aa
"• beverage et •• •van agreasble rear. all••=r..thli WOO
Seltzer, and whirl: may be need with silvan st .
MANS and Oa, Doernementh.
Dlenelord end 00.
Load= DeWitt-- y. B.
Parie—Roberte. Plash Vendome.

JOHN CORNELL sad Co.'s CHERRY TOOTH
RP PAM'S grOl==dell *ab•
Tame • piari-lik• from assay,
trniart• fragosas• Cthrbrestl• Pflss N.

JOHN GOSNELL and oo.'of MIMI' Till-
▪ catossitox. er newly-Invented iuniaztrim the peosliar
=embanks! eoneerseeke width ateetnethebes tbe epenetteen
• eleaseas end lege=ll4 etamlbeeneeeir. Umalueseme
sysee wee 0#1; Three Sigseort. Leftbarbeireek

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COCKLE' S
la nitANTI
athoWBIeILIOUS PILLS,
A ream for
INDIGESTION.
In boxes at la tad.. la. at. to Id., and 110.

COCKLE'S ANTIBILIOUS PILLS,
in use far
BILIOUS .I.FIONS.
In bows at It lit. Si. INL. k IL. find IL.

COCKLE'S ANTIBILIOUE I'ILLS,
• to gimp. two •
oommurns.
in bowal&ML s sa..isia.arina