The Sun.
London, England, 1852-04-27 00:00:00

N°.18,595,] LONDON, TUESDAY

HE SUBMARINE TELEGRAPH
COMPANY,
Securing. Exclusive Communication between Great Britain and the
Consiriant of ,turope,..under Prililleges from theYrench and
Goyernments.
Capital 150,000/., with power to increase ta 300,001)/.
• In--30,000 shares of 51. each; to be paid in. full.
Liability ofShareholders Ihnited to the amount of Subscription.
0ake5...30; Cornhill.-

nosioa.tax mucwciitsw- •
His Royal Highness the Duke«of Cambridge,
His Excellency the CountCobanno Walewski, Ambassador of Prance
His Eicelleney S Ira,n'•dei Weyer, Envoy Eitraordinary an
Miaiste,r-Plenip9tentiary of ltelgium
His excellency the Chevalier Bunsin, Envoy, Extraordinary and
Minister Plenipotentiary of 2-russia--lis - -
EXeellency•thestardiflleictinck, EnVey'Extraoralnarrand-MI
nister Plenipotentiary of the Netherlands '
Excellency the Marcortp D'Aseglio,•Envoy -Extraordillarr-and.
- Minfiter Plenipotentraty of gardinia • His Excellency Signor Isturiz Envoy E t orillnarY al14:-01'ins'er
, ra
'Baron
Ills Excellency_ the ICADITOrtEavOY---x-traordinarY a
Plenlmtentiary Offipstins- • •
nd:/diniSter
Plenipotentiary ?min the Emperor of Austria to the King on ti
Belgians.

:-. :

lIONO RAM iiiRECTORWIN FRANCE.
The Duke do Guiehe.
The Count D'Orsay.
The Baron C. Dupin.
CHAIRMAN. - - - - - -
' - The Lord De Manley. -
DIRECTORS.
A. Andtrson, Esq., 31.E%--...Direetnrof_tha_Ecninsnktr end Oriental

Company .
John W. Brett, Esq.,' 2, Hanover-square
Ernest Bunsen, Esq., Abbey Lodge, Regent's:park -
Sir James. Carmichael,-Bart., Sits,es.-gardeni
The Hon. Erederiek.Cadogan, Ilertiord-street, May. Fair
W. J. Chaptin, Esq4.;'l%t. r., Chairafan'of the London and Sontil-West-

ern Railway Company
Le Chem Lier Drouet, Belgian Embassy
T. C. Granger, Esq., Q.C., ALP., Temple
S. Laing, Esq., Chairman of the London and Brighton railway Com-

pany
John Master man, jun., Esq., Nicolas lane, Lombard-street.

B.M.llintS-LONDON.
Mersrs. Masterman, Peters, and Co. .Nloolas-lane
Sir Claude Scott and Co., Cavendisl;•squarc.
SOLICITORS.

Messrs. DATICS, SOH, Campb;ll;'-anci-lia-11. d, 17, Warwick-sited, Et-

gent-street -
Messrs. Ilughes, Kextsci,arld• Co, r 74. Butuarsou,l7-.

SECRETARY.
L. C. Ilertslet, Esq.
, .In August, 1851, the promoters of the -Submarine Telegrapn
formed themselves into- a French COmpany (Socitc6 en Commau-
dite), and, at their own-risk,' and wit, their owniiiials, established
the telegraphic communication between Dever awl Calais. • .
The cabie was laid down on the 25th September, 1851, and on the
13th November following the telegraph was opened to the jiublic for
the transmission, of messages,- since which' time it has worked
withcut the slightest irregn,auty or interruption, • . . .
The feasibility of a Submarine Telegraphic communication having
been thus., uceessftilly j roved; the promoters consider that the time
has. now arrived to Invite the public-to c;-operate with thetti in &eve-
lopieg the resources, and e.xteuding the advantages of this important
undertaking.

Thd foll6Wing brief -statement will show the actual position and
prospects of the Subs:, arine Telegraph : - -
A royafcharter of incorporation. having. been ,obtained for the es.;
tablishmeatof the Submarine Telegraph . between, England and
France, it-baS been deter Mined to surrenddr the same, in order that
one with more extended powers should be granted, so as to suit the.circumstances of the Company, enabling them to establish a Sub-;*
marine .Telegraphic ;Communicated with Belgium and the other
parts of the Continent of Europe, in addition to France. •
- The draft of this charter is now before- the Board of Trade,..and it
is believed that 'twill be finally granted at thdn6xt Prt*y Codlicit
The capital of the French.Cornpany consists of 75,000 -shares of 11.
each. This sum has been expended In the purchase of patent rights
In securing the exclusive concession for ten years granted by_ the
French,Gditrtunent, to take date' from Ist July; 1852; in previdus
experiments i• and in constructing,
.laying down, and perfecting the.
existing telegraph. . • ,

It is proposed that this property shall be surrendered for shares
of a corresponding value-in-the Company now kilning under the
aforesaid extended Royal Charter. - •

The promoters have also -obtained an exclusive concession from
the Belgian Government, and are assured of important privileges
from Other foreigtiGovernments.
The Charter of Incorporation will unite these different conces-
sions and privileges, thus securing-to this Company the exclusive
right of telegraphic communication between Great Britain and the
Continent.
During' the short time Which-has elapsed since the comPletion of
the SUbmarine Telegraph the development of this mode of commu-
nication has been retarded by the delay-rind expense 'incidental ,to
thetransmission of messages Dyer the wires of Dther Companies, the
Submarine Telegraph forming- only one link betvifeen Dover and.
Calais, in the chain of Continental communication, and depending
on Other bodies at each end for the -transmission of their messages.
Notwithstanding, however, the present very imperfect arrangements
and unavoidably high charges, the fecelpts have,:from the first day
of opening, steadily progressed, and are now sufficient, after de-
,ducting all expenses, to pay a dividend of-upwards of five per cent.
on the existing capital Of 75,0001., while the experience of :,ire.
Working has been such as-to leave no doubt that the-traffic will he
at once immensely fnereaSed when the proposed arrangenients are
carried out by which London. Liverpool, And Manchester 'WM be
placed in direct and instantaneous communication With Tees.,
Havre, Margeilles, Brussels, Amsterdam,llaniburgh, , Frankfort, .
Genoa, and all the principal. owns of
Berlin, Vienna, Trieste, Turin,
Europe.
In order to provide for the large accession of business ooniequent
en these arrangements, and to secure thetelegFaphic communication
with, the Oontinent againSt any risk of interruptirin, it is proposed to
lay down a second cable between France and England, and also one
between Hover and.Ostcnd, where it will be connected with the tele-
graphic systems of Belgium, Holland, and Germany' •
Responsible parties have undertaken to provide and lay down these
new submarine lines of a superior construction, and with a suffi-
cient number of wires for carrying out any amount of traffic that
can .be anticipated, for the sum of 70,0001., to include all patent
rights, and all preliminary and other expenses incidental to the
Belgian and other concessions, which will become vested in this
Company.
The Charter will anthorise the raising of a capital of 300,0001. to
be employed in completing a perfect system of Submarine Te-
legraphic Communication between this country and the Conti-
nent; but under the arrangements above referred to, not more
than 75,000/. of new capital, in addition to the 75,0501. already ex-
pended, will be required to carry out the objects in immediate con-
templation. .

The European and American Electric Telegraph Company being
formed under the powers of the Act of Parliament in connection
with this Company, the arrangementh for completing the extension
of the Submarine Telegraph to London, Manchester, and Liverpool,
will be immediately concluded, when the French Government have
undertaken to provide independent wires for the exclusive use of
the Submarine Telegraph from Calais to the centre of Paris. In the
course of a few months, therefore, the Exchanges of London,. Liver-
pool, and Manchester, will be brought into instantaneous eo annuni-
cation with that of Paris ; and the same principle may be carried
into effect with all the other cities of commercial importance thorough-
out the Continent of Europe.
An estimate of the vast extension of business which Inns t follow
such a development of Telegraphie,Commynieation, under a system
of moierate charges, "may be arrived at by anonsideration of tho
marvellous results which attended the introduction of the Penny
Postage. The day of experiment with the Submarine Telegraph has
passed, and all; therefore,, which now, remains afford every
facility to the public to avail themselves of an invention which is
evidently destined materially to affect the interests of the Cernmer-
cial and Political World.

Applications for the 1,500 Shares may be made to Messrs. :Foster
and Braithwaite, Stock Brokers, 68, Old Broad-street, City.