The Sun.
London, England, 1865-10-13 00:00:00

RINAHAN'S LL WHISKY v. COGNAC
9r(11,4 °fie, BRANDY.
lrated Old IRISH WHISKY rivals the finest
FRENCH BRANDY,
It 14 Pure, Mild, Mellow, Delicious, and very Wholesome.
4Bold in Bottles, 3s. Bd., at the Retail houses in London ; by
e Agents in the principal towns in England; or wholesale

8, GREAT WINDMILL-STREET, LONDON, W.
Observe the Red Seal, Pink Label, and Cork branded
"Einahan's LL Whisky."

/[UTUAL LOAN FUND ASSOCIATION
(Inc irpor tted by Act of Parliarn 1850).
14, RUSSELL-STREET, COVENT-GARDEN,
LENIIS MONEY on Personal and other Security, in sums
of
one £2O to £5OO, to be repaid by instalments extending over
, two, or three years. The large C tpital of this Associa-
tion enables it to complete Its transactions without delay.
inquiry or office fees, and strict secrecy observefi. Bills
p.iscounted at short notice. Form sent free on receipt of a
directed stamped envelope.
hThe Association also lends Money for the purchase of a
ouse by a tenant, or for the liquidation of mortgages, on
ems most advantageous to the borrower.
EDWARD HARPER, Secretary.

GALE'S PROTECTED GUNPOWDER
COMPANY (Limited).
NOTICE IS HEREBY GIVEN, that the APPLICA-
TION LIST for SHARES in this Company WILL BE
CLOSED on THURSDAY NEXT, October 19.
DAVID KER, Secretary (pro tern.)
Temporary Offices-132, Gresham House, Old
Broad-street, October 10, 1865.

ATLANTIC TELEGRAPH COMPANY.
Five Pound Shares entitled to a first preferential
Dividend of 12 per cent. per annum in priority over all the
other Capital of the Company.
Issue of 120,000 Shares of £5 each. Convertible into Con-
solidated Stock on payment in full.
First right to Dividend in priority over all the existing
Capital of the Company, and equal participation pro rata
in all other Dividends or Bonuses after payment of 8 per
cent. to Second Preference and 4 per cent. to Old Stock.
£1 per Share payable on Application, and a further sum of
30s. per Share on Allotment. No further call in less
than three months after the allotment.
No further liability, each subscriber's liability being spe-
cially limited to the amount of his subscription.
DIRECTORS.
The Right Hon. JAMES STUART WORTLEY, Wortley
Lodge Upper Sheen, Chairman.
Curtis M. Lampson, Esq., 64, Queen-street, Cheapside,
Vice-Chairman.
G. P. Bidder, Esq., C.E., 24, Great George-street, West-
minster.
Francis Le Breton, Esq., 21, Sussex-place, Regent's Park.
Edward Cropper, Esq., Swaylands, Penshurst.
Sir Edward Cunard, Bart., 52, Old Broad-street.
Samuel Gurney, Esq., M.P., 25, Princes-gate, Hyde Park.
Captain A. T. Hamilton, 12, Bolton-row, Piccadilly.
George Peabody, Esq., 22, Old Broad-street.
John Pender, Esq., M.P., Manchester.

HONORARY DIRECTOR.
W. 11. Stephenson, Esq., Chairman of the Board of Inland
Revenue.

HONORARY DIRECTORS IN THE UNITED STATES AND BRITISH

NORTH AMERICA. _
E. M. Archibald, Esq., C. 8., H.M. Consul, New York.
Peter Cooper, Esq., New York.
William E. Dodge, Esq., New York.
Cyrus W. Field, Esq„ New York.
Wilson G. Hunt, Esq., New York.
A. A. Low, Esq., New York.
Howard Potter, Esq., New York.
Hugh Allan, Esq., Montreal, Canada.
William Cunard, Esq., Halifax, Nova Scotia.
Walter Grieve, Esq., St. John's, Newfoundland.
Thomas C. Kinnear, Esq., Halifax, Nova Scotia.
HONORARY CONSULTING ENGINEER IN AMERICA.
Gen. Marshall Lefferts, New York.
SECRETARY AND GENERAL SUPERINTENDENT.
George Saward, Esq.
SOLICITORS.
Messrs. Freshfields and Newman, 5, Bank-buildings,

London.
AUDITOR.
11. W. Blackburn, Esq., Bradford, Yorkshire, Public
Accountant.
OFFICERS.
12, St. Helen's-place, Bishopsgate-street Within, London.

BANKERS.
In London

Messrs. Glyn Mills, and Co.
In Liverpool The Bank of 'England.
In Manchester The Consolidated Bank.
In Ireland The National Bank and its Branches.
In Scotland The British Linen Company and its
Branches.
In New York essrs. Duncan, Sherman, and Co.
In Canada and Nova}
Scotia The Bank of British North America.
In Newfoundland .... The Union Bank of Newfoundland.
Priority in the Allotment to the extent of one-half of
these Shares will be given to present Shareholders apply-
ing for the same on or before Thursday, the 26th inst.
PROSPECTUS.
In issuing proposals for a further amount of capital, the
Directors are strengthened by the circumstances attend-
ing the late expedition, in their conviction that the enter-
prise, though postponed for this year, is yet on the eve of
success.

The Great Eastern has proved herself admirably adapted
to the work of laying deep-sea cables, and it has been
practically shown that, in the event of the insulation being
injured during submersion, the electricians are enabled to
calculate minutely the exact distance of the injured spot
from the ship, though it be sunk in the deepest water.
It has further been proved that many miles of a cable
like that selected by the Atlantic Telegraph Company can,
if so injured, be hauled in and repaired during the heaviest
weather, from a depth of 2,000 fathoms; and still more,
that even when a cable is absolutely fractured, and the
broken end lies 2,000 fathoms deep at the bottom of the
ocean, it is perfectly possible to find and to raise it ; and all
those engaged in the recent expedition are unanimous in
the opinion that it is equally possible thus to raise the end
of the Atlantic Cable which is in that situation, and to
splice it to the cable on board the Great Eastern, so as to
caesmplete the communication with Newfoundland, so soon
apparatus of suitable strength and convenience can be
manufactured.
After careful consideration, therefore, the Directors have
determined to persevere with increased vigilance and energy
inthe great work entrusted to their charge, and guided by
the light of experience they trust to bring it to a success-
ful issue.
They have been encouraged in this view by the fair man-
ner in which they have been met by the Contractors, with
whom they have entered into a contract for renewed opera-
tions.
Under this contract the Telegraph Construction and
Maintenance Company, in consideration of the sum of
£500,000, which has been agreed on as the cost price of tho
cable if paid for in cash, have already commenced the ma-
nufacture of a new cable, to be laid down during 1866 be-
tween Ireland and Newfoundland.
The Contractors, if the said Cable be successful, but not
otherwise, are to have in Shares and cash a profit of at the
rate of 20 per cent. upon the cost.
The Contractors also undertake during 1866, without any
further charge whatever, to go to sea with sufficient Cable,
including that now left on board the Great Eastern, and all
proper appliances and apparatus such as experience has
shown to be necessary, and to use their best endeavours—
in the success of which they express entire belief—to re-
cover, repair, and complete in working order between Ire-
land and Newfoundland the present broken Cable, which
has been ascertained by recent careful electrical tests to be
in perfect order throughout its entire length.
It will be seen that circumstances have thus enabled the
Board to effect a very considerable economy in the Com-
pany's present operations, for in the event of success the
Company will be in possession of two efficient Cables for a
considerably less amount than would have been expended
if the Cable of this year had been successfully laid, and
another had been purchased separately.
Under these circumstances subscriptions are now invited
for the sum of £600,000, in £120,000 Shares of £5 each.
Applications from existing Shareholders will have
priority in the allotment to the extent of 60,000 Shares,
or one-half the above capital, provided their applications
are received on or before the 26th inst.
The remaining 60,000 Shares are offered to the general
public.
This new capital will not only create fresh property, but
probably resuscitate the old, and the experience of the pre-
sent year shows that by these means the existing Eight per
Cent. Preference Stock will, in all probability, be again
placed at par in the market before the sailing of the ship
next year.
The Directors have therefore resolved at once to offer a
substantial inducement to the general public as well as to
the Shareholders to join them in this fresh effort.
These new Shares will accordingly be entitled to take
precedence as to dividend over all the other existing stock
of the Company, and to participate pro rata in all subse-
quent dividends, bonuses, or benefits, after 8 per cent.
shall have been paid upon the second Preference Stock
and 4 per cent. upon the Ordinary Stock.
The profits to be expected on the completion of this
work can bo ascertained by any one who will take the
trouble to make a small calculation, by which it will be seen that if each of the two proposed Cables can be worked
at the very low rate of only five words per minute upon
each Cable for sixteen hours a day at five shillings per
word, the traffic, after paying the dividend charges of 12,
8, and 4 per cent. respectively, amounting together to
£144,000 upon the capital comprised in those different
stocks, and after also paying the very largo sum of £50,000
a-year for working expenses,
would leave a very largo
balance for paying further dividends or bonuses on the•
Company's total capital, both ordinary and preferential, or
for reserve fund if preferred.
One Pound per Share, payable to either of the bankers
of the Company, must be paid on Application, anda.furth er
sum of Thirty Shillings per Share on Allotment.
Twenty-one days'notice of any further call willbe given,
and no further call will be payable in less than three
months from the date of the allotment.
Prospectuses and Forms of Application may be had of
the Secretary, at the Office of the Atlantic Telegraph Com-
pany, 12, St. Helen's-place, Bishopsgate-street, London ;
of the Company's Bankers, viz., the Bank of England and
Messrs. Glyn, Mills, and Co., in London; the Bank of Eng-
land, in Liverpool ; the Consolidated Bank, Manchester ;
the British Linen Company Bank, Glasgow ; or of any re-
spectable broker. Applications for Shares, on the form
annexed, may be addressed to the Secretary, or to the
Company's Bankers.

GEORGE SAWARD,
Secretary and General Superintendent.

ATLANTIC TELEGRAPH COMPANY.
Incorporated by Act of Parliament. Liability limited to
the amount of Subscription.
Twelve per Cent. First Preference Shares.
Issue of 120,000 Shares, Five Pounds per Share.
One Pound per Share payable on Application, and a further
sum of Thirty Shillings per Share on Allotment.
To the Directors of the Atlantic Telegraph Company, 12,
St. Helen's-place, Biahopsgate-street, London.
No,
thGentlemen—Having paid to the Bank (name
bet ,ftnk to which the money is paid), the sum of .£ ,
f g per Share on Twelve per Cent. First Pre-
erence Shares of a each in the Atlantic Telegraph fi Com-
allY above mentioned, I request you will allot me
hares in the said Company upon the terms of the Pros-
'Jeans issued by you, and I agree to accept such Shares,
or any less number that may be allotted to me, and to pay
the further sum of Thirty Shillings per Share thereon, due
on allotment.
Note. —lf previously a Shareholder in the Atlantic Tele-
graph Company please state the fact.
signature
Nam> and surname in full
Profession or trade
Residence
Date , 1865 ...... Ilmmtmotttnitt