The Sun.
London, England, 1862-12-20 00:00:00

THE ATLANTIC TELEGRAPH COMPANY
(Incorporated by Act of Parliament in
they
each shareholder's liabilit yis specially limited to amount
of his subscription).
Guaranteed 8 per cent, by the British Government upon
completion and working of the cable.
£600,000 in 120,000 Shares of as each. Deposit on allot-
r4ent one pound Share.

The Right DIRECTORS.
lion. JAMES STUART WORTLEY,
("liner Sheen House, Mortlake, Surrey, Chairman.
CI RTIS M LAMPSON, Esq. (Messrs. C. M. Lampson
Chand
irman.
Co.), 64, Qucen-street, Cheapside, London, Vice-
(George Peabody, Esq., 22, Old Broad-street, London
Messrs. George Peabody and Co.)
Francis Le Breton, Esq., 21, Sussex-place, Regent's
Park.
ohn Pender, ~ M.P , Manchester Director of the
ElJtish and Irish Magnetic Telegraph Company).
ev,j°lln W. Brett, Esq., 2, Hanover-square, London (Vice-
"airman Submarine Telegraph Company).
Edward Moon, Es Liverpool.
MSamuel Gurney, Esq., M.P., 65, Lombard. street, London
essrs. Overend, Gurney, and Co.).
, William Brown, Esq., Liverpool, (Messrs. Brown, Ship-
10Y, and Co.).
Edward Cropper, Esq., Swaylands, near Penhurst
cirector of the British and Irish Magnetic Telegraph
ompany, and of the London and North-Western Railway
~rapany).
Captain A. T. Hamilton, 12, Bolton-row, Piccadilly.
tO. F. Bidder, Esq., 24, Great George-street, Westinin-
Beet kDifector of the Electric and International Telegraph
"I?PanY, and late President of the Instoitution of Civil
engineers).

HONORARY DIRECTOR.
73 NV. R. Stephenson, Esq., late Official Director on this
peard on behalf of her Majesty's Government, and now
aataan of the Board of Indian Revenue.
ELECTRICIAN AND ENGINEER. •
Cromwell F. Varley, Esq.
CONSULTING COMMITTEE.
William Fairbairn, Esq., F.R.S., late President of the
zritish Association.
;rofPeBessor Wh Whitworthheatsto,
ne, Esq.,RE F.S.
- S.
.R
Professor W. Thomson, F.R.S., of Glasgow.
SECRETARY.
George Saward, Esq.
BANKERS.
Bank of England.
SOLICITORS.
Fresh&lds and Newman.
The
t Offices-22, Old Broad-street, London
in the suffi-
.
m Directors have the fullest confidence
able.ceY of the scientific and practical facilities which now
exist for testing, submerging, and working long deep sea
ces.
1858Ou r hundred messages were sent through the cable. in
cm
ecre in • f
these two messages alone to general commanding
Canada and Nova Scotia, countermanding a pre-
-13,8 order for the embarkation of troops to India, saved the
ritieb Government L 50,000 ; another message assured
tallx,,jous friends in England, in the collision of the Europa
+sla Arabia, off Newfoundland, of the safety of the lives of
IPassengers and the vessel.
4 ui
kile Directors have determined to place this undertaking
in he reach and interest of all classes of the commu-
pi Y by issuing the preference stock in shares of £5 each, £1
ticir share payable on allotment. A considerable portion of
ese shares has already been taken up by themselves and
01' original shareholders, and the Board now confidently
„tte the public to subscribe the remainder.
th.4le total amount of the present issue is £600,000, and
thlea iS guaranteed a dividend of 8 per cent. per annum by
worll3..ri‘ish Government on the completion and during the
ing of the cable.
11411.1-nese shares are specially guaranteed 8 per cent. per
cable.
annum
by the British. Government on the success of the
The
Osnrplus profits of the Company remaining after the
abo,
4 ° Per cent. has been paid out on the new capital, and
cent. on the old capital, will be divided pro rata be-
!en them both, after providing for a reserve fund.
,subscribers to the present capital are thus effectually
Itt ed their first 8 per cent., irrespective of competition or
40,ther contingency, except a total loss of the cable ; and
prodn,addition, participate equally in the large surplus of
tra tnat may legitimately be expected to accrue from the
Terre on a line so peculi.rly situated as that of the Atlantic
rsedrPh Company, connecting as it does, by its sole
telegram, the two vast networks of aerial and submarine
lPhic communication of Europe and America.
otere!sra. Glass, Elliot, and Co., the telegraph contractors,
and .1° subscribe and pay up in cash the sum of £25,000;
}his selected to manufacture the cable, they will allow
labouraPy to pay weekly for the materials used and
employed about the making and laying of it, charg-
n4ao profit thereon, and nothing for the use of their works
Pro inaehinery, nor for their personal services during the
iarteea of the manufacture, nor until the cable is cora-
PreoneY, successful. When, however, the cable has been
fitorlY laid and efficiently worked during one month? the
eonelnatalment of profit is to be paid. This profit is t.o
,tat of Atlantic Telegraph shares, credited as fully paid
418,ta the value altogether of 20 per cent, upon the actual
and ,the shares being divided into 12 equal instalments,
InolitZliverable to the contractors by one instalment per
Careful
roads surveys on behalf of this Company have been
fon by the British Government off Ireland and New-
b „Viand respectively—that off Ireland by Master Hoskyn,
and that off Newfoundland by Capt. Orlebar, R.N.
vh; f_uPPosed precipitous cliff about 300 miles from Ireland,
Vi• has been urged in depreciation of that route, is found
„.7 Ir. noskyn to be a descent equable throughout, and of
L° greater pitch than would allow of the working of a lo-
L'ornotive and down it, while the bottom is everything
that up
can be desired, the soft mud of which it is composed
r.lnag of a nature continually to increase in depth, and cer-
in in a few years to so cover the cable as to protect it from
511 external influences.
, On the Newfoundland side, Captain Orlebar has shown
that a deep channel exists from the approach to Trinity
Bay to a place called New Perlican, where there is every
facility for landing, and by adopting which as terminus
bbwards of 40 miles of cable will bo raved.
teiThis Company possesses the exclusive right of landing
thegraphs on the entire Atlantic coast of Labrador, and on
e coasts of Newfoundland, Prince Edward Island, and
State of Maine. It also possesses agreements with the
p.tire telegraphic system of America, undertaking for the
ter to connect exclusively with this Company, and cove-
dialltieg in some instances to return each week in cash, as a
ioleaunt for the encouragement of the Atlantic Company,
4er cent. of the charges received by them for messages
r their lines to or from the cable.
(44 calculation has been prepared, and may be had at the
e' showing the pecuniary result if the traffic be sntti-
:eat to keep the cable at work at a very moclerirate for
aft rather
in each year equal to an avelaga of 175 whole
to , rather less than half of the year. It sheulfilpadd4ion-
lieVe remarked that, owing to the difference-in-}ongitude
be o",„..eaa Europe and America, the cable must necessarily
ae"' day and night.
ecient,lKards the speed of working that may. be expected.
aPord men agree, one and all, in stating that twelve
,throl_Per minute, as a rainumum, can be telegraphed
'atia,eu a proper cable between Ireland and Newfound-
ce° even reducing this minimum basis by nearly 20
eapitara taking the new capital at £600,000 and the old
day fo at £462,860; allowing, moreover, only 16 hours per
kit,: each day's work, and 300 of such working days per
tiled
they
ther revenue at 2s. 6d. per word (the tariff autlio-
t4 the Government), after paying 18 per cent. per annum
leave 71aie new Capital, and 14 per cent. on the old capital, will
:les oft~Pwards of £240 000 per annum balance for forma-
h.sre a;0 reserved fund, 'being practically sufficient money
all additional line of cable out of profits every
hree years
at 4:1 allotment Will be made or deposit demanded until
liebt 4300,000 have been applied for. Nor will any
of Pr be j• incurred by the sew subscribers on account
15e rl'eeollptals in„ ary or any other expenses, unless that amount
t 1,--I,",en- If sufficient capital beyond the £300,000 be
It
i""atately raised, the deposits will be returned-
-44petg,re;-::::01 amount for expenses—at a time to be fixed by
ral Meetin of shareholders in February next.
for Shares, Prospectuses, and Forms of
144-‘,ntatthical to be madeto r. George Saward, the Secre-
c Company's Offices, 22,01 d Broad-street, London.
By order.
2 GEO. GEO. SAWARD, Secretary.
ld Broad-street, London.

SILENT FRIEND ON MARRIAGE,
tTA
tilltfl.lo9°Pazes, illustrated with 100 engravings, price Is.,
Ado oe Lot stamps sealed 20, containing prescription of Pre-
-4ake this ivaluable work your Guide and
e for self-cure in a) f secrecy resulting from
er excesses of yollt-. I 4"Cli: oor from infection, loss of
14'414; Power and vizour, all female irregula es riti and bar-
jr,B Add e es- s PERRY & Co.. SurgeoTi, 19, Ber-
l' 0112-eeko fordstreesi London,W. Consultations daily,
from 5 till 8. Sunday, 11 till 1 o'clock.