The Sun.
London, England, 1852-05-06 00:00:00

SECRETARY

L. C. Hertslet, Esq.
In August, 1851, the
,promoters of the Submarine Telegraph
formed themselves into a French Company (Societe en Comman-
ditel, gad established telegraphic communication-betwen-DOl'llrada.
Calais. • •
On the lath November last the telegraph was opened to the public,
since which time it has worked without the slightest irregu'arity
or interruption.
A Submarine Telegraphic communication having been thus suc-
cessfully proved, the promoters consider that the time has now ar-
rived to invite the public to c—operate with them in developing the
resources, and extending the advantages of this important under-
taking:
The following brief statement will show the actual position and
prospects of the Sub./ arine Telegraph:—
A royal charter of incorporation was obtained in 1851, but it has
been determined to surrender the same for one of more extended
powers, enabling the Company to establish a S ibmarine Telegraphic
Communication with all parts of the Continent of Europe.
The draft or this charter is now before the Board of Trade, and It
is believed that it will be finally granted at the next Privy Council.

The capital of the French Company consists of 75,000 shares of 1/.
each. _ _ _

It is proposed to surrender these shares for shares of a corres-
ponding value in the Company now forming under the aforesaid
extended Royal Charter.
An exclusive concession has also been obtained from the Belgian
Government, and important privileges from other foreign Govern-
ments. .

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.
The receipts of the Submarine Telegraph have never been less
than 5 per cent., although it has been severely cramped in its
operations in consequence of its present position, forming, as it
does, only one link in the chain of continental communication ; but,
after allowing an outside margin for works and expenses, and for
laying down a distinct and most complete line from Dover to
London, the returns during the past month have been at the rate of
71. 18s. 31. per cen,.
In order to provide for the daily increase of business, and to secure
the telegraphic communication with the Continent aga.nst any risk
of interrupti n, it is proposed to lay down a second cable between
France ana England, and also one between Dover and Ostend, which
will give 16 Telegraphic lines of communication between Great
Britain arid the Continent, and amply supply the various lines of
France, Belgium, Holland, and Germany.
Responsible parties have undertaken to lay down these lines with a
sufficient number of wires for 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 authorise the raising of a capital of 300,0001. ;
but under the arrangements above referred to, not more than
75,0001. of new capital will be required to carry out the objects in
contemslation.
The European and American Electric Telegraph Company being
formed under the powers of the Act of Parliament in connection
with this Company, the arrangements 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 from Calais to the centre of Paris. In the
e
therefore, the Exchanges of London, Liver-
pool,Submarine Telegraph
and Manchester, will be brought into instantaneous communi-
cation with that of Paris ; and the same principle may be carried
into effect with al! the other cities of commercial importance through-
out the Continent of Europe.
An estimate of the vast extension of business which must follow
such a deveispment of Telegraphic Communication, under a system
of mo lerate charges, may be arrived at by a consideration of the
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 Is to afford every
facility to the puhllc to avail themselves of an invention which is
evidently destined materially to affect the interests of the Commer-
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.

THE EUROPEAN (ftni AMERICAN)
ELECTRIC TELEGRAPH COMPANY.
Incorporated by A't of Parliament, 14 and 15 Vic., cap. 135.
In connexion with the Submarine Telegraph Company.
Capital 200,0001., in 40,00 Shares of 51. each. Deposit 3/. per share.
Offices, 30, Cornhill.
CHAIRMAN.
Lord de Manley, Chairman of the Submarine Telegraph Company.
DIRECTORS.
A. Anderson, Esq., M.P., Director of the Peninsular and Oriental
Company
W. J. chapltn, Esq., M.P., Chairman of the London and South-
Western Railway Company
Samuel Laing, Esq., Chairman of the London and Brighton Railway
Company
John Masterman, Esq., jun., Director of the Submarine Telegraph
Company
Jun W Brett, Esq., Director of the Submarine Telegraph Company
Sir James Carmichael, Bart., Director of the Submarine Telegraph
Company
Ernest Bunsen, Esq., Director of the Submarine Telegraph Company
Rear-Admiral Sir Richard O'Conar, K.C.H., Stanhope-terrace,
Hyde-park.

SECRETARY.
W. M. r•haw, Esq.
BANKERS.

Messrs. Masterman, Peters, and Co., Nicolas-lane, Lombard-street.