The Sun.
London, England, 1854-08-07 00:00:00

BRITISH T ELEGRAPH COMPANY.

Some important changes in the prospects of this com-
pany have recently taken place in which the public are
interested. The British Company have now extended
their wires to London by the purchase of the wires, in-
strumonts, works, patents, agreements, contracts, and
property of every descriptio❑ belonging to the European
Telegraph Company. These are as follows, viz.,
Ist, An underground system of telegraph wires from
Liverpool and Manchester, through Warrington. Stock-
port, Macclesfield, Stafford, Wolverhampton, Birming-
ham, and Northampton, to London, and thence by
Deptford, Greenwich, Woolwich, and Gravesend to
Dover and Deal, where a junction is formed with the
wires of the two Continental Submarine Companies, viz.,
with the one from Dover to Calais, and with the other
from Dover to Ostend.

The Submarine Company (Dover to Calais) has, by a
concession from the French Government, granted them
for ten years, the exclusive right to connect England
and France by telegraph.
The other Submarine Company (Dover to Ostend) has
precisely the same kind of agreement with the Belgian
Government.

2.1, The British Company acquire the benefit of agree-
ments entered into by the European Company with the
two above-mentioned Submarine Companies—whereby
they are constituted the sole and exclusive carriers for
ten years of all continental messages, both inwards and
outwards, passing through the submarine wires of the
two above-mentioned companies.
3d, The British Company obtains the benefit of a 14
years' agreement with the English Government, for
telegraphic communication with the Dockyards between
Somerset-house and Deal.
4th. The British Company acquires the right to use
the letter printing telegraph, which is just being success-
fully introduced into America, and which turns out the
messages printed in duplicate in Roman capital letters.
sth. A Company, which would have been a powerful
rival, is converted into a deeply interested friend and
ally, and, its own identity being completely merged,
there will now only be three telegraph companies.
The cost of the above property is the exact sum of
130,0001., of which 100,0001. is to be paid in the
shares of the British Company and 30,0001. in cash.
Both the companies have power to sell and purchase
telegraphs, therefore there is no legal difficulty in
effecting it.
The united capital when all works are completed will
not exceed 250,0001. Out of the 300,0001.—the capital
of the company under the charter-235,0001.; has been
provided for ; of the remainder a portion is reserved for
Belfast, where the company has influence ; and the
rest will be allotted to other parties interested in tele-
graphing. Their present share list is composed of such
parties to the number of about 200, of whom nearly 70
of the leading merchants in Glasgow form part.
Already, since the line to London was opened, the
work is pouring in faster than the British Company can
accomplish it ; but their officers are vigorously engaged
in erecting more wires, and in two or three months or
so they -will have ample accommodation for any amount
of business. The submarine cable has been successfully
laid down between Portpatrick and Carrickfergus, and
the testing is perfect. The land wires to connect Dublin
and Belfast with Glasgow, Liverpool, and London, are
in progress.
We understand the agreement between the British
and the European Companies has been actually sealed,
so that the companies will become one forthwith.
We learn that some late remarks on the incln-
sistency of the Old Company in demanding of Par-
liament what they had resisted when sought by the
British Company, is thought to convey by inference the
impression that the latter did not succeed ultimately in
getting limited liability. Such was not the intention,
as it was known that the British Telegraph Company
obtained by charter the limited liability, which at, first
they sought through means of an act of Parliament.
Immediately on opening the London line the com-
pany reduced materially their tariff ; forL
' before they opened was ss. from Liverpool
price
.instalntcoe,Ltohne.
daroen,noanwd2sss..Gfdro. mbetLvvievee7eoaoclhtoofGtlhaso,„sr
to he ss. from London to Glasgow ; it is no 4s.
eowp.l.acTe w sh.eseltpruiseeeds
The British Company have abolished all charges for
porterage, and make no demand for the words sent as
names and addresses.

A MAN KILLED IN JAMES STREET, COVENT-GARDEN
MARKET.—On Saturday morning a most frightful acci-
dent happened to a man of the name of James Wilson,
residing near Bedfordbury, which terminated fatally.
It appears the unfortunate man was running across the
road to get out of the way of the carts, when he was
knocked down by some horses underneath a potato wag-
gon, the wheels of which passed over him, crushing him
in a frightful manner. Police-constable H. Castle, No.
3, F division, instantly picked up the unfortunate man,
and had him conveyed to Charing-cross Hospital, where
the house surgeon, on examination, pronounced life to
be quite extinct.

SINKING OF A SAILING VESSEL AT BLACKFRIARS-
BRIDGE.—On Saturday night, at a late hour, a sailing
ves,el, the property of Mr. Limpus, of Whitefriars,
containing about 65 tons weight of builders' sand, and
manned by five persons, came into collision with one of
the wooden piles near Blackfriars-bridge, driven into the
river to prevent vessels passing under the bridge from
striking against the timber supports placed some time
ago under three of the centre arches. The vessel having
struck violently against the pile, soon became a wreck,
but the men on board were fortunately rescued by a boat
which was despatched to their aid from the adjoining
passenger pier.

.
DULWICH COLLEGE INQUIRY.—On Saturday morning
Mr. Thomas Hare, inspector to the Charity Commis-
sioners, resumed the inquiry into the state and adminis-
tration of the College of Dulwich. After Mr. Farmer,
representing the Dulwich School Association, and Mr.
G. Allen, master of the college, had been examined,
the inspector said no further public inquiry would be
held, but the members of the college could take to the
Ist of September to make their report, and the parishes
could take to the Ist of October to consider what they
agreed to or dissented from, after which he would make
his report to the Charity Commissioners. The proceed-
ings then terminated.
ACCIDENT ON THE MIDLAND RAILWAY.--On Friday
the down mail train from London due at Derby at 1.40
a.m. did not arrive until 2.45 a.m., in consequence of
having met with an accident at Barrow. Whilst the
train was going at its ordinary speed two of the wheels
of a first-class carriage snapped asunder, and, becoming
released from the body of the carriage, ran under the
mail van, which was next attached. The driver imme-
diately perceived the." jerking" of the train, and suc-
ceeded in stopping it before any serious mischief was
done. On examination it was ascertained that the
wheels of the first-class carriage had blocked the wheels
of the mail van, and it *as found necessary to lenve the
latter and the guard's break behind, the letters and par-
cels being removed to another part of the train. Mr.
Sanders, secretary to the Midland Railway, and family
were in the carriage at the time of the accident, and
were of course greatly alarmed. At' Derby a fresh mail
van was attached, and the letters proceeded northwards
without delay. A second accident occurred on the same
morning, on the same line, near to the Clay Cross tunnel,
by which a platelayer lust his life.
IRISH SPIRIT TRADE.—The following letter has been
received from the Treasury by Mr. Cassidy, of Monas-
terevan ;—" Treasury Chambers, July 21, 1854. Sir,—
Having laid before the Lords Commissioners of her
Majesty's Treasury your memorial praying to be al-
lowed to remove British spirits from ally excise duty-free
warehouse, in one part of the kingdom to a like ware-
house in the same, or another part of the kingdom,
under a general bond, I am directed to acquaint you
that the Commissioners of the Inland Revenue have
taken the necessary steps for accepting a general bond
pe ro rtt ed, or
for the removal of British spirits from an excise duty-
free warehouse in one part of the United Kingdom to a
like warehouse in the same or another pat, under such
appear to them requisite for the se-
curityee regulationsxv
easremvaeynue. My lords are not prepared, how-
ooend the same indulgence to spirits transferred,
ishipped as stores.—l am, sir, youy obedt.
servant, J.PIES WILSON. Mr. Robert caesidy, 04,
Pall-mall, Loudon."