The Sun.
London, England, 1852-08-24 00:00:00

110NORARY DIRECTORS.

His Royal Highness the Duke of Cambr'd4o.
Ilis Excellency the Count Colonna Walewskl, Ambassador of
Francs,

His Excellency M. S. Van der Weyer, Envoy Extraordinary and
Plenipotentiary of Belgium.
nil; Excellency the Chevalier Bunsen, Envoy Extraordinary and
Minister Plenipotentiary of Prussia. •
His. Excellency the Baron Bentinet, Envoy Extraordinary and
Minister Plenipotentiary of the Netherlands.
Ilis Excellency tho Marquis d'Azeglio, Envoy Extraordinary and
Minister Plenipotentiary of Sardinia.
Ills Excellency Don Xavier de lsturiz, Envoy Extraordinary and
Minister. Plenipotentiary of Spain.
Ills FAcvlencY the Baron Roller, Envoy Extraordinary and
Minister Plenipotentiary from the Emperor of Austria to the Ring
of the Belglanl.
His Excellency the Duke de Gulch's. • •
DIRECTORS.
The Lord de Manley, Chairman Le Chevalier Drouct
s:r James Carmichael, Bart. W. J. Chaplin, Esq., 11. P,
Samuel Laing, Esq., M.P. J. W. Brett, Esq.
The lion. Frederick Cadogan Ernest Bunsen, Esq.
John Masterman, jun., Esq. Francis Edwards, Esq.
CONSULTING ENGINEER.'
lilr William Cubitt, F.R.S. •
ENGINEERS.
C. J. Wollaston, C.E. ; T. H. Crampton, C.E.
RANKERS.
Messrs. Masterman, Peters, and Co., Nicholas-lane ; Sir Claude

Scott, and Co., Cavendish-square.
SOLICITORS.
Messrs. Davies, Son, Campbell, and Hand, 17, Warwick-street,
Regent-street; Messrs. Hughes, Kearsey, and Co., 17, Bucklers-
bury. _ _

SECRETARY.
George Lockyer Parrott, Esq.
In August, 1851, the promoters of the Submarine Telegraph
formed themselves into a French Company (Societe en Comtnan-
dite), and, at their own risk, and with their own funds, established
the Telegraphic Communication between Dover and Calais. ' ' •
The cable was laid down on the 25th of September, 1351, and on
the 13th November following :the telegraph was opened to the
public for transmission of messages, and has since that time been
worked without the slightest irregularity or interruption.
The feasibility of a submarine telegraphic communication having
thus been successfully proved, the promoters consider that the time
has now arrived for inviting the public to co-operate with them in
developing the resources and extending the advantages of this im-
portant undertaking.
With this view they have obtained a Royal Charter of Incorpora-
tion, under which they will be enabled to work the existing French
line, and to lay down and work a submarine line of telegraph to
Belgium ; and this Company has concluded the necessary arrange-
ments for affording to the public the transmission and delivery of
dispatches to and from Great Britain and all the telegraph stations
in Europe (at present exceeding 203 in number), by a single payment
for the whole distance.
Contracts for the Belgian rope have been entered into with the
Gutta Percha Company and Messrs. Newell and Co., of Gateshead,
who have engaged to complete the same by the 11th of September
next, when it will be forthwith laid down from Dover to Middlekirk,
near to Ostend, from which point the submarine wires will be placed
in communication with the general system of the continental
telegraph.
The concessions from the French and Belgian Governments secure
to this Company the exclusive right of submarine communication.
During the short time which has elapsed since the opening of the
submarine telegraph between Dover and Calais, the development of
this mode of communication has been retarded by the great delay
and expense incidental to the transmission of messages at each end
over the wires of other companies, and from this cause the public
have enjoyed but a small portion of the advantages which this won-
derffil invention of modern science is calculated to afford.
The Directors of the Royal Chartered Company have at length
succeeded in making arrangements, whereby these impediments will
be removed, and messages from London to Paris and Brussels, and
vice versa, instead of requiring two or three hours for their trans-
mission, will be instantaneously conveyed.
A company, acting under the powers of an Act of Parliament, are
laying down a subterranean line of telegraph from the offices of the
Submarine Company, Cornhill, to Dover, and have engaged to con-
vey the messages of the Submarine Company for one-half the
amount now charged by the South-Eastern Company ; and thus,
whilst the whole machinery will be concentrated in one place, and
instantaneous communication secured, the Submarine Company will
be enabled to make a great reduction in the scale of charges to the
public.
As respects the commercial results of the enterprise, it may be suf-
ficient to remark, that in the face of all the displvantages necessarily
attendant upon its introduction, the first six months' working of
the Dovet and Calais line has yielded a clear profit at the rate of 5
per cent. per annum upon the capital; and the saving which will be
effected by the arrangement with the New Land Line will secure an
additional profit of 3 per cent. upon the Stock of the Submarine
Company. When the marvellous results which attended the intro-
duction of the penny postage are considered, it is difficult to form an
estimate of the vast extension of business which must follow the
development of telegraphic communication with the continent, under
a system of moderate charges and electric speed—more especially as
the cost does not increase in proportion to the business done, and as
the network of telegraphic wires is gradually spreading over the
whole of Europe.
Out of the capital of 150,0001. now to be raised, 75,0001. will be
set apart for the redemption of the 75,000 shares forming the capi-
tal of the French Company. The remaining half has been
propriated in carrying out the contracts already made for the Bel-
gian cable, the purchase of the patent rights, the Belgian con-
cession, and all Incidental expenses attendant upon the estab-
lishment of the Company and the settlement of the Royal Charter.
No further addition will be made to the Chartered Stock, without
the express sanction of the proprietors.
The allotment of shares, which was delayed until the Charter had
received the Royal assent, will now be proceeded with, and
any further applications must be addressed, on or before the 31st
August instant, to Messrs. Foster and Braithwaite, 68, Old Broad-
str•et.
Dated 24th August, 1852.

WEST MARIPOSA. GOLD QUARTZ
MINE COMPANY.
, The Committee of Management have great satisfaction in an-
nouncing to the Shareholders that they have entered into a Provi-
sional Agreement with FREDERICK CATHERWOOD, Esq., Pre-
sident of the Gold Hill Mining Company, for the application of a
portion of the capital of the West Mariposa Company to the work-
ing, on equal terms, of the Gold Hill Mine, situated in the Grass
Valley, Nevada County, the richest locality in California.
This mine has b ea in very successful operation since August,
1851, and in a period of six months realised a net profit of upwards
of 200 per cent. upon the original capital.
extensiveeonstra c river
constructed
The property of the. Gold Mil Company consists of two steam-
engines, engines, of 50 and 30-horsepower, driving 28 stamped heads, an ex-
t ealgye v; aul up aw?! er dss aowt: nolod i9nni
hig.V
claimso f C rocne
akt
uh solidly
dof Gold Will and adjoin-
,
w
theiri best laiicisa,n d most
withmilslubbuistftldnitnigast,mhoautesnesa,ts&.c.,
The title of the Gold Hill Company to the mine, mining claims,
and other property, is indisputable, having been acquired partly b;
original occupation, and partly by purchase, from individuals, who
held by preemption right the only original title to mineral property
recognized in California.
To the full development of this important mining property, the
committee have gladly availed themselves of the opportunity af-
forded them of applying a portion of the large resources placed at
their disposal.

The works of the Gold 11111 Mine are now in actitvheeiorperation,
and the West Mariposa Company will be entitled to propor-
tion of the profits immediately, on the ratification of the provisional
agreement, by John Macdougall, Esq., the Resident Commissioner
in California of this Company, and ley the authorised agent of the
Gold Bill Mining Company. The Committee of Management beg
to add that the splendid specimens of gold quartz rock, lately exhi-
bited at Messrs. James Davis and Sons', No. 9, Gracechurch-street,
were brought by Mr. Catherwood from the Gold Hill Mine.
By the last mail the Committee received advices of the safe arri-
val at Panama of the mining captain and staff, sometime since sent
from this country, and that they were about to proceed to San Fran-
deco by the Golden Gate steamer, to place themselves under the
orders of Mr. Macdougall.
The Committee of Management have also to state that powerful
machinery of the most improved construction, from the works of
Messrs. John Taylor and Co., of Mold, and Messrs. Cox and Wilson,
of Oldbury, was lately shipped at Liverpool, on board the fast-
sailing schooner Porcupine, Captain Wallinger, and is now on its way
to California.
By the same vessel a further body of men was dispatched, to com-
plete the number of miners required to be sent from this country for
the service of the company ; and the two chief engineers will leave
England for California, in company with Mr. Catherwood, on the 4th
proximo.

By order of the Committee,
GEO. K. HUXLEY, Secretary.

London, 23d Aug., 1852.