The Sun.
London, England, 1865-06-22 00:00:00

;0111'

f
.intlY
11.11110

3 OS
it; r""

)ort A

loaf ,e't

;t01lt,•
L)
„e-ot

14

rages

, .' •

op °f

rfe
.titlsl/°
A.ll°‘l

Af l
'to
of

.
Ict,"tfo

Ifit°
11°,

,qbetjj'

11011

of

unto 110;
111E°

„utoo'

a
root

The CREDIT FONCIER and MOBILIER of ENGLAND (Limited)
in conjunction with the IMPERIAL MERCANTILE CREDIT
ASSOCIATION (Limited), are prepared to RECEIVE SUB-
SCRIPTIONS for £50,000 PREFERENCE SHARES, being the
BALANCE of the CAPITAL Of
THE ATLANTIC TELEGRAPH COMPANY
Not yet issued to the general Public, viz.:
s°looo Preference Shares of £5 each, bearing 8 per Cent.
per Annum.
Preference Interest authorised by Special Act of Parliament.
Deposit £1 per Share on Application, and £4 on Allotment.
No further Liability of any kind.
4411 Subscriber's Liability being specially limited by Act
of Parliament to the Amount of his Subscription.
TIM FOLLOWING ARE THE DIRECTORS OF THE ATLANTIC
TELEGRAPH COMPANY.
The Right Hon. JAMES STUART WORTLEY, Gover-
nor of the Credit Foncier and Mobilier of England
(Limited), Chairman.
Curtis M. Lampson, Esq. (Messrs. C. M. Lampson and Co.)
London, Vice-Chairman.
George Francis
Peabody, 22, Old Broad-street, London.
rancis Le Breton, Esq., 21, Sussex-place, Regent's-park.
hn Pender Esq., M.P., Manchester (Director of the Bri-
tish and Irish Magnetic Telegraph Co.).
Edward
Moon, Esq., Liverpool
J'ainuel Gurney, Esq., M.P., 65, Lombard-street, London
IMessrs. Overend, Gurney, and Co.).
Edward Cropper, Esq., S waylands, nearPenshurst (Director
of the British and Irish Magnetic Telegraph Co.)
captain,,, A. T. Hamilton, 12, Bolton-row, Piccadilly.
G. P. Bidder, Esq., 24, Great George-street, Westminster
(Director of the Electric and International Telegraph
and late President of the Institution of Civil
„Engineers).
en* Edward Cunard, Bart., Old Broad-street, London.
W HONORARY DIRECTOR.
Stephenson, Esq., late Official Director on this Board
on behalf of her Majesty's Government, and now Chair-
Man of the Board of Inland Revenue.
ELECTRICIAN.
Cromwell F. Varley, Esq.
CONSULTING COMMITTEE.
William
Douglas Gallon, F.R.S.
william Fairbairn, Esq., F.R.S., late President of the
British Association.
tciseph Whitworth, Esq., F.R.S.
l'refessor Wheatstone F.R.S.
Professor W. Thomson, F.R.S., of Glasgow.
SECRETARY.
George Saward, Esq.
OFFICES-12, St. llelen's-place, E.C.

The distribution cf these shares will be made as nearly
,
"' Possible as follows :-
10,000 Shares will be appropriated to applicants who are
Shareholders in the Credit Fonder and
Mobilier of England (Limited).
10,000 Shares will bo appropriated to applicants who are
Shareholders in the Imperial Mercantile
10 Credit Association (Limited).
,vvo Shares will be appropriated to applicants who are
Shareholders in the Atlantic Telegraph
10 Company.
1000 Shares will be appropriated to applicants who are
Shareholders in the Telegraph Construction
nn and Maintenance Company (Limited) ; and
Jvo Shares will be appropriated amongst the general

public. -
; The above numbers are so far approximative as to be sub-
let to reduction or increase according to the total number
e° aPPlications made, it being the intention, however, that
4eh applicant shall receive an allotment.

BANKERS.
Tssrs. Glyn, Mills, Currie, & Co., Lombard-street, London.
The
Union Bank of London, Princes-street, E.C.
'tie Agra and Masterman's Bank (Limited), Nicholas-
Otto, London.
i,essrs. Smith, Payne, and Smiths, Lombard-street, London.
he ▪
ande ▪ National Bank, London, Dublin, and its Branches in
The National 0 National Bank of Scotland, Edinburgh, and its
1" ~41ranches in Scotland.
Consolidated Bank, London and Manchester.
Messrs. J. Barned and Co., Liverpool.

BROKERS.
Moe BROKERS.
Laurence,Son, and Paarce, 9, Angel-court, E.C.,
MLondon.
essrs. Foster, Braithwaite, and Co., 27, Austinfriars.
~.essrs. Taunton and Co., Liverpool.
Messrs.
Shore and Kirk, Manchester.
4tessrs. 'Ewen and Auld, Glasgow.

Of all the enterprises of a commercial character none has
vor excited so much attention and interest as that of the
Atlantic Telegraph Company.
The reason of this is perfectly obvious ; the immense
Political importance of the Company, as well as the enor-
kous profit to be anticipated by its 'Shareholders, together
Vfith the scientific interest attached to it, combining to a
legree not found in any enterprise having commercial
Profit for its legitimate end.
enterprise so important, and now become so compa-
"vely easy to accomplish, appeals not only to the great
commercial interests of Europe and America, but to the
1/11pathios of all classes in both countries ; its benefits to
Peace
and civilisation it is impossible to estimate.
lc hi:e near approach of the period when the cable is to be
i already the cause of much excitement amongst all
rho are aware of the fact.
'lie date for the Great Eastern steamship's departure
With the 6 cable is actually fixed for the Bth July, about a
-night from the present date, and it is not too much to
of Europe
that from the hour of her leaving the whole continent
„nl'ope and America will be intent upon watching her
tere-tgjess. His Royal Highness the Prince of Wales has
14--ted his warm interest in the undertaking by personally
thBPecting the cable on board the Great Eastern about
le weeks ago.
lao exceptional character of the undertaking is further
ofc'twn by her Majesty's Government granting the services
0.10W.„° of her Majesty's men-of-war steamers, the Terrible
14 ',Luke Sphynx, to accompany the Groat Eastern, and assist
In calculating the rate of profit of this undertaking, of
1,-,111:8,0 everything depends upon the scale of charges adopted
I,,i„,'ne transmission of messacres; the first tariff agreed to
1,,,0'n her Majesty's Government was fixed at 2s. 6d. per
ti„,rd, subsequently increased to ss. per word, but as the
arrived when
at the cable would
ness be ready for actual use,
t,,i'as seen th the mass of busi this company would
4titlecliately find offered to it, would so far neutralise the bone-
tionf it by completely choking the line, that a representa-
,lll,to the Lords of the Treasury within the last few days
~,,„°0 subject, has led their lordships to consent to the
'ter,PanY, until Ist September next, experimentally
ttfi "„_argino., without restriction, such rates for messages
4,14-Le Colpany may, on full consideration, deem reasons
al and proper ;" and it is fully expected that by this
angement the net profits will reach one million sterling
lie capital of the Company is composed as follows :-
4100,000 Five per Cent. Debentures.
£600,000 Eight per Cent. Preference Shares (of which
the present issue forms the balance).
Th 4600,000 Ordinary Shares.
The amount required to pay 5 per cent.
l
The amount
on £lOO,OOO Debentures is £5,000 per annum.
amount required to pay the Pre-
Zenee Dividend of 8 per cent. on
f 00,000 (of which the present issue
Tilctnas the balance) 48,000 „
The amount required to pay 4per cent
en £600,000 ordinary capital is

ten„ Making a total of £77,000 ,
;acing £923,000 per annum surplus income. Half the
h„c'inat of revenue above the said £77,000 is available for
ea -"!17 bonus to the holders of the said 8 per cent. Prefer-
tio"' 7, Sh
thares. Therefore, on
vid the above-mentioned calcula-
to e total available diend and bonus would amount
above
NIL 76 per cent. per annum,
. in addition to the 8 per
deb, Preference as above, making an estimated total divi-
-1 of 84 per cent. per annum on these Preference Shares,
:.„:41g, after deduction of 20 per cent. for the formation of
fund for laying down a new cable, 64 per cent.
-ed, of which 8 per cent. would be preferential divi-
ettirl secured by Act of Parliament.
Itit,hat the price of these Shares will be a month hence,
1/41;4 such prospects, it is difficult to say, especially as the
143,_res above given do not, in the opinion of persons cora-
eZtit to judge, at all represent the maximum probable re-
colne,,; but taking them as the basis fdr calculation, and
ta:'erfng the continued demand there must be for mes-
tNy.:'s, consequent upon the ever-increasing business be-
be -111 the Continent of Europe, England, and America, and
te3teg in mind that this cable will complete the line of
tair Pb between San Francisco and India, it is not impro-
tp,,,6 that, by the time that telegraph communication be-
P 41 England and America is an accomplished fact, these
l:." may be worth £2O, or £l5 premium per lia!e.
Via„;:3l/1 the phalanx of talent existing in the scientific V-
fset",l3,of the Atlantic Telegraph Company, and from t e
sis4eat the laying of the cable has been entrusted exclud-
eltar,,Y to the eminent Contracting Company who have had
ne'et..e° of the manufacture of it, and whose staff of Eng:-
eiiet:: and Electricians have successfully laid most of the
tia„, ti cables, whether laid in deep or shallow seas, it
to, IT,Well be believed that every precaution has been taken
the nre the successful laying of this cable : this achieved,
tte;l"7 bar to the Shares attaining the high value which
iss r° us acquainted with the undertaking places them at
eb„°vscl ; this risk, however, may easily be assessed
140 p is mentioned that leading insurance companies and
have underwritten' policies embracing every risk
theiini'g, insulation, ctc., at 25 guineas per cent., showing
pi,e(pfidenee in the result anticipated. .
111 the Y, the Directors of the several Companies interested
day d' enterprise fully anticipate being able to report each
1,!1, eh -11,1'41g the laying the favourable progress all believe
4130 a--. of the success of an undertaking which all look
It as a national work.
that Wi,ll be seen from the proposed allotment of the Shares
as that distribution of them is intended to be made upon
,41,pee a basis as possible, so as to give the whole of the
~,etio,,;a4ts the assurance of receiving an allotment and of
kktab? Perinitted to join an unexampled commercially pro-
Prc? ag well as politically important undertaking.
tf 4)ectuses and Forms of Application can be obtained
.A.irree,Fredit Foncier and Mobilier of England (Limite)
411/lillL, E°l73 Esq., Secretary), at their Offices, 17 and 18,
+„. Limited) (W. C. Wmpterbottom, Esq., Secre-
'4elr °faces, 27, Lombard-street; also of the At-

EIGHT PER CENT. PREFERENCE SHARES OF
THE ATLANTIC TELEGRAPHIC COMPANY.
Issue of 50,000 Shares, £5 each.
No.—
To the Directors of the Credit Fonder and 31obilier of
England (Limited).
Gentlemen,—Having paid to the (insert bankers' name)
Bank the sum of £ , being £1 per Share on
Eight per Cent. Preference Shares of £5 each in the At-
lantic Telegraph Company above-mentioned, I request you
will allot me Shares in the said Company upon the
terms of the Prospectus issued by you, and I agree to ac-
cept such Shares or any less number that may be allotted
to me, and to pay the further sum of £4 per Share thereon
due on allotment.
I am, Gentlemen, your obedient Servant,
Usual signature
Name and surname in full
Profession, trade, or occupation
Residence
Date June, 1865

ISSUE of 50,000 EIGHT PER CENT. PRE-
FERENCE SHARES in the ATLANTIC TELE-
GRAPH COMPANY.
The CREDIT FONCIER and MOBILIER of ENGLAND
(Limited), HEREBY GIVE NOTICE, that the SUBSCRIP-
TION LIST for the above SHARES w,ll CLOSE on
TUESDAY NEXT, the 27th instant, at Four o'clock, for
London Applications, and on WEDNESDAY NEXT, the
28th instant, at Twelve o'clock, for Country Applications.
By order of the Court,
ALFRED LOWE, Secretary.
17 and 18, Cornhill, London, June 21, 1865.

THE LONDON MERCHANTS COMPANY
(Limited).
Incorporated under the Companies Act of 1862, with
Limited Liability.
Capital £1,500,000, in 15,000 Shares of £lOO each.
£2 per Share to be paid on Application, and £8 on Allot-
ment.
No further Call will exceed £5 per Share, nor be made at
intervals of less than Three Months.
It is not intended to call up more than £5O upon each Share.
DIRECTORS.

W. R. Robinson, Esq.,
John Fleming, Esq., Messrs Robinson and Fleming.
George Fleming, Esq.,
James Alexander, Esq., Messrs Redfern, Alexander,
Philip Vanderbyl, Esq., and Co.
R. Stuart Lane, Esq.,
Horace E. Chapman, Esq., Messrs Lane, Hankey, and Co.
F. H. Holbert, Esq.,

BLNKERS.
London and County Bank, Lombard-street.
National Bank, Old Broad-street, and all its Branches.
Messrs. Prescott, Grove, Cave, and Cave, Threadneedle-
street.

SOLICITORS.
Messrs. Newbon, Evans, a.nd Co., Nicholas-lane.
Messrs. Cotterill and Sons, Throgmorton-street.
BROKERS.

Messrs. Seymour and Co., Throgmorton-street.
Messrs. lichens, Harrison, and Co., Threadneedle-street.

SECRETARY (pro tem.)
J. D. O'Brien, Esq.
Temporary Offices-21, Austinfriars.

PROSPECTUS.
This Company has been formed by the amalgamation of
the following London Firms, for the purpose of carrying
on and extending their business as Merchants under the
Joint-Stock Companies Act, with limited liability.
Messrs. Robinson and Fleming.
Messrs. Redfern, Alexander, and Co.
Messrs. Lane, Hankey, and Co.
Experience has shown that undertakings established
upon the principle of limited liability can successfully
carry out the most confidential operations of banking and
finance, and the Directors feel assured that mercantile
transactions will now be even more freely entrusted to a
Company so formed than to private firms. It is believed
that the periodical publication of a balance-sheet, with the
security afforded by a large uncalled capital, will, when
combined with the personal management of a board of ex-
perienced merchants, attract business of the best class,
under permanently favourable conditions.
The basis of the arrangement with the amalgamated
firms is as follows :-
1. All the liabilities and obligations of each house are
to be liquidated altogether independently of the Company,
except where any such may hereafter be agreed to be taken
over by the Board as new and desirable business.
2. The partners of each house bind themselves not to
enter into any fresh mercantile operations in England of a
similar character during ten years ; and the completeness
of the transfer, with the efficient management of each par-
ticular class of business, is insured by the leading mem-
bers of the three firms joining the Board and remaining as
Directors. The qualification of each Director is fixed by
the Articles of Association at £lO,OOO, to be held in the
Stock of the Company.
3. The total goodwill of the amalgamated firms will be
taken, one-third in Shares with £5O paid, and two-thirds
in Debentures, payable with 5 per cent. interest, in equal
annual instalments over ten years, thus identifying the
interests of the vendors completely and continuously with
that of the Company.
The total amount thus paid to the three firms for good-
will in Shares and Debentures will be £375,000, which
sum is calculated upon their actual profits for three years ;
without estimating any increase from new business, or
savings which will be effected by the amalgamation, and
assuming only the present profits of the united firms, a
large dividend may, therefore, be anticipated on the paid-
up capital, from the establishment of the company.
The amalgamated firms and their immediate connexions
are prepared to subscribe for a large portion of the pro-
posed capital ; but as it is believed that the influence and
prosperity of the Company will be increased by establish-
ing it on a wide and a public basis, and that many inves-
tors will gladly seize the opportunity of thus becoming
merchants without the unlimited risks of partnership, the
directors have decided to open the subscription to the
public.
To meet the wishes of those who may desire to pay up
at once the amount that is intended to be called on the
shares, it has been decided to allow such prepayments to
the extent of £5O per share, anesuch shares will then rank
for dividend in proportion to the amount paid up. A
separate form of application for such shares is enclosed.
There will be nu promotion-money paid for the forma-
tion of the Company.
Applications for shares, accompanied by a remittance for
the deposit, may be made to the Bankers and Brokers.
The Articles of the Association are open for inspectiott at
the Office of the Solicitors.

FORM OF APPLICATION FOR ORDINARY
SHARES.
(To be retained by the Bankers.)

No
To the Directors of the London Merchants Company

(Limited).
Gentlemen,—Having paid to tho Bankers,
the sum of £ , being a deposit of £2 per Share on
Shares in the above Company, I hereby request that
you will allot me that number, and I agree to accept such
Shares or any less number you may allot to me, and I agree
to pay the sum of £8 per Share on allotment, and I autho-
rise you to insert my name on the Register of Members for
the number of Shares allotted to me.
Usual signature
Name in full
Residence
Profession
Date 1865

FORM OF APPLICATION FOR £5O PAID •UP
SHARES.
(To be retained by the Bankers.)
No
To the Directors of the London Merchants Company
(Limited).
Gentlemen,—Having paid to the Bankers,
the sum of £ , being a deposit of £2 per Share on
Shares in the above Company, I hereby request that
you will allot me that number of £5O Paid-up Shares, and
I agree to accept such Shares or any less number you may
allot to me, on the terms of the Prospectus, and I agree to
pay the balance of the amount, viz., £4B per Share on
allotment, and to sign the Articles of Association of the
Company when required ; and I authorise you to insert
my name on the Register of Members for the number of
Shares alloted to me.
Usual signature
Name in full
Residence
Profession
Date

NOTHING IMPOSSIBLE.—The greatest and
most useful invention of the day, AGUA AMARELL A.
Messrs. JOHN GOSNRLL and CO., 12, Three King-court,
Lombard- street, London. Perfumers to her Majesty, respect-
fully offer to the public this truly marvellous fluid. which
gradually restores the human hair to its pristine hue—no
matter at what age. The Aqua Amarelia has none of the
properties of dyes ; it, on the contrary, is beneficial to the
system, and when the hair is once restored one application
per month will keep it in perfect colour. Price one guinea per
bottle, or in half bottles, 10s. 61. Testimonials from artistes
of the highest order, and from Individuals of undoubted re-
spectability, may be seen on application. Messrs. John
Gosnell and Co. have oeen appointed Perfumers to her Royal
Highness the Princess of Wales.

JOHN GOSNELL and CO.'S CHERRY
el TOO ru. PASTE: is greatly superior to any tooth
powder: Ives the tee,h a pearl hiteness, protects the
enamel from decay, and imparts a pleasant fragrance to the
the breath. Pr,ce Is. 6d.-12, Three Kinv—court, Lombard-
street, London.

ROYAL FREE HOSPITAL, Gray's-inn-road,
in the immediate vicinity of the Great Northern Rail-
way Terminus, King's-cross.
Patron—Her Most Gracious Majesty the QUEEN.
Vice-Patron—His Royal Highness the Prince of WA LES, K.G
The Committee earnestly solicit the ASSISTANCE of the
benevolent, as the premises of this Hospital are 'capable of
containing several hundred more beds, had the Committee
the requisite funds to maintain them.
This Hospital, founded in the year 1828, the first to estab-
lish the principle of free admission to the sick poor, without
the delay and difficulty of Governors' orders, is wholly de-
pendent for support on voluntary contributiols and legacies.
Contributions are received by the Treasurer, Edward Mas-
mrman, Esq., Nicholas-lane; also by Messrs. Coutts and Co.;
Drummond and Co. ; Glyn and Co. ; Herries and Co. ; Ransom
and Co. ; Prescott, Grote, and Co.; Smith, Payne, and Co. ;
Barclay and Co. ; %V dliarss, Deacon, and Co.; Overend, Gur-
ney, and Co. ; Nisbet and Co. , Berners-street ; I. Barned and
Co., Liverpool; and at the Hospital. from 10 till 5.
EiTANYQIID SMITJJ, aeoretitry.