The Sun.
London, England, 1851-06-03 00:00:00

LONDON, TUESDAY EVENING

N° . 18,313.]

PROSPECTIIi.
THE SUBMARINE TELEGRAPH
_ - COMPANY, .

Between ENGLAND and FRANCE.
Under a Decree of the,French Government conferring Exclusive
Privileges.
Incorporated by Royal Cho: ter-
Capital loo,oon/. (2,500,4"601.) in 109,000 Shares of 11. (25L) each.
To be paid up without further tiabdity.
• TacsTnts.
Sir Claude Scott, Bart.
Thomes ,iankey, Esq.
•DllitCTOß§.
The Right Iron. the Lord De Manley, Chairman. ,
Arthur Anderson. F sq., M.P., Director of the Peninsular and Oriente:

AUDITOE.
tProfessor Wheautone,
PZTSIOIAN.
tJ. Elliotson, M.D„ F.R.S„ 37, Conduit-street.
SIIROZON.
t.E. S. Synies, Esq., 77, Grosvenor-street, Grosvenor-square.
ACTUAZY.
t*W. S. B. Woolhouse, Esq., F.8.A.5., &o.
lISCRETAILY.
*D. T. Lyons Cianchy, Esq.
SITPEZINTiNDENT.
W. A. Hawkins, Esq.

StGun ls.iavigation Company.
John W. Brett. Esq., Hanover-square.
Sir James Carmichael, Bart., Sussex-gardens.
The lion. Fri derick c adogan, Chesharn-place. •
Francis Edwards, Em., Westbourue-terrace, Hyde-park.
T. C. Granger, Esq., Q.C., Al P.
P. Douglas Hadow, Esq., Director of the Peninsular and Oriental

Stearn Navigation C,impany.
Lieutenant-Colonel I. A. Lloycl, F.R.S., Athenaeum.

CONSULTING ENGINEER.
W. Cnbitt, Esq., President of the Institution of C.E
ENGINEERS.
I T. B. Crampton.
BANKERS.

Charlton J. Wollaston.

street.
*W. Tatham, Esq., 22, Throgmorton-street.
NATIONAL LOAN FUND LIFE orricz.
CAIDITAL-500.0001.

London. _____.
1 Faris.
Sir Claude Scott, Bart., and Co., M. Ferrere Latilte, Rue TABIte.
Cavendish-square, M. M. Rothschild.
Messrs. klaukey, Fenchurch-st.

SOLICITORS.
Messrs, Davies, Son, and Campbell, Warwick-street, Beirent-street.

SECILETART.
T. Griffin, Esq.
• Offices, 9, llioorgate-street.
On the 28th of August last, an experimental line of wire, twenty-
five miles in length; measuring, with its covering of gutta percha,
only half an inch in diameter, was successfully submerged in the
Channel, between Dover and Cape Gris4oez, and communications
from England to France were printed by the .Telegraph, which are
now in the possession of the President of the French Kt:Public.
The submertion of the wire and the actual printing of the mes-
sages having proved, beyond the possibility of a doubt, the practica-
bility and certainty of the widertatang, it now only remain.s to lay
doWn a number of permanent wires in- a protective covering of
adequate strength to ensure them against acrid nt, The experi-
mental wire was not expected to bear a strain of mere than from
100 to 200 lbs., whereas the combined strength of the lines about to
•1 e laid down is calculated to be sufficient to resist the anchors. of
large vessels. : • •
These wires will each afford a distinct line of Telegraphic inter-
course, connecting Great .Britaiu with France, Belgium, Prussia,
Austria, and ocher pins of the Continent, whereby ultimately an
universal and instantaneous communication throughout the whole
of Europe will be established.

One great feature in 'this undertaking is the advantages it will
offer to India and America. By the agency of a single wire, the
news by lie Indian Mail on its arrival at Trieste or Marseilles, may
be delivered, printed n Roman type, simultaneously at Paris and
London—amt at Liverpool, in readmess • for the departure of the
American Mail ; while the remaining lines of wires may at the same
instant be• conveying intelligence between Great Britain, and, the
other countries of E:lrope.
Mr. Jacob Brett has obtained from the French Government a con-
cession, signed by the President-of the Itepublic, of which the follow-
ing, are the principal provisions •
An authority to establish a Sub-Marine Telegraph between the
Coasts ofFrance and England.
Toe working f this underaking to the
of a similar dfscription for• a period of ten years from the Ist f
October, 1851. excluslon of every other
The following letter, Lom the Minister o' the Interior, will afford
addl tonal prouf of the privileges granted , by the French Go-
vernmen . . . .

" Sir,—The fist ar icle of the decree giving you perassio • to es-
tablbh an Electric Telegraph between the coals of F ance at:d
Engl nd determine,' accoraing to your own propu 'don, those
parts of the coast of Frat -ce where it is to be laid down ; buL he
Government des •ot reserve .o itself y right :o gra,t a id-
miler concession upon an, other part of its *hero, We clearly
under-land hat for a piriod of ten years you are entitled—to 'he
exclusio of all others—to establtsh this mode et commertic,it on be-
tween Fiance and Eugtatd.

(Signed) " I. DUFAURE,
," Minister of tne interior.

I'•;* 4 "To Jacob Rrett, Esq " • -
4 g The several departments of the English C4overnment, viz., the Ad-
miralty, the T, easory, the Woods and Forests, the hoard of Trade,
•• and the Foreign-orrice, have expressed their approbation of the un-
- derta in., and •th, it readiness to afford every facility for carrying out
its o:tject in the most eflizlent ma,.ne'•. _

It is proposed to vest the concessions in a public Company, to be
named .he " Sub Mamie Telegraph Company ;" for which -a Royal
C arter has been obtained.

The capita to cunfast of 100,002 Shares of 11. far ; one fourth of
such Shares t,i he appropriated as inlid up Shares t f the feionfcs-
sionaires and Patentees, in consideration of the transfer and assl:ns
ment of the coiicea-ions and privili get granted by the French Go-
vernment, and for the necessary licence to use the patents.
It is intend, d to issue only 50,008 of the remaining Shares' in the
first instance, the allottees of which wilt be regal ed to pay up the,
full amount of seen Shares on allotment; and as the Company is
incorporated, they. will be protected from further liability.
The affairs of the. Company will. be managed by a Board of Di-
rectors, to he elected by the Shareholders, under the provisions of a
deed to be, signed by the Shareholders ; which deed is to be prepared
according to the form required by the Royal Charter of Inccirpora,
tion granted to this Company.
The Clans, accompanied by Mr. Cubitt's Report, have been lodged
with the French Government, and the necessary amount of caution
randy deposited.
The proposed capital, is amply audlelent for the purposes required,
parties.having teedered for the works witl.in the amount ; but. power
is given by the Charter' to increase the capital, if necessary; by the
tsetse of new shares; to 200,000/.
It would be difficult to state with certainty the afflotuit of reve-
nue which. may be anticipated from the establishment ef the Sub-
Marine Telegraph. Careful estimates have been made by persons
competent to undertake this part of the subjeet. The felegraph is
capable of printing one hundred messages of fifteen words each, to
one hundred consecutive minutes; and if the whole of the commu-
nications between Europe, Great Britain, India, and America, might
he supposed to employ eight wires twelve hours a-da it would give
the large income of 96,0001. per annum, at a tariff of one shilling
only per message of fifteen words. It is believed to be no more than
a fair calculation to place the probable income at 25,0001. per annum,
which, afier allowing a sufficient amount for working expensts and
maintenance of Telegraph. will return a very liberal per centage on
the Capital employed.
The following sources may be named from which a considerable
proporrion of the revenue will be derived :—viz., Government Drs.
patches of the different countries; the Press, English and Foreign;
the Public Funds; the Paris Bourse and London Stock Exchange;
Bankers ; Merchants; " Lloyd's " Correspondents ; the Markets ;
the India Mails ; the communications of Manufacturers ; Ship-,
owners ; the private Messages of Travellers, and other individuals ;
in short, every description of intelligence that is capable of being
conveyed by electric agency. There can be no doubt that the ens-
ploynient,of the Teleglisaph will progress as its, usefulness is estab-
lished, until, like railways, it will become a political,. a commercial,
and a social necessity : and that the undertaking, which might be
brought forward on national grounds alone, will prove to be a sound
comaiereial speculation.
Copies of the Prospectus may be obtained, and application's for
Shares, in the following form, may be made at the Offices of the Com-
pany, of Messrs. Davies, Sen. and Campbell, solicitors, 17,
Warwick-street, Regent-street ; Messrs. Carden and Whitehead, 2,
Royal Exchange-buildings ; and Messrs. Lowndes and Surgey,,
Royal Exchange-buildings.
MaY, 1851:

FOR '4 OF,APPLICATION FOR SHARES:
Gentlemen,--.I have to request that you will allot to 1110 : -
Shares, of 11. each, in the Sub• Marine Telegraph Company; and I
hereby agree to accept and to pay for the same. odor so many Shares
as shall be allotted to me, immediately upon the 'allotment thereof ;
and on notice from the Secretary, to execute the Deed of Settlement,
to be prepared in accordance with the Loyal Charter incorporating
the'said Company.
Name ..• •
Adaress and Occupation •• • . • • • • • • • • • •
Neterence •• •• • •• "•• • • "
To the Directors of the Bub-Mar ne Telegraph
Conspany,'No. 9, Sloorgate-street.

t Natifeiud Loan Fund Life Assurance Society.
* Equitable Fire
t* Both Offices. •

TATIONAL LOAN FUND LIFE AND
EQUITABLE FIRE INSIMANCE COMPANIES
26, CORNUILL, LONDON.

DIRECTORS.
• t*T. LAMIE MUItRAY, Esq., Chairman.
*W. A. B. 'Bennett, Esq. *John Rawson, Esy.
*Hugh Croit, Esq. *John Shaw, Esq.
fkillotsou, M.D„ F.R.S. t*Edmund S. Symes, Esq.
*Ralph Gough, Esq. f*Clement Tabor, Esq.
*M. C. Maher, Esq. t Joseph Thompson, Esq.
*John 1408 S, Esq. t*Augustns Vigne, Esq•

j4.slessrs. Glyn, liallifax, Mills, and Co., 67, Lombard street.
SOLICITORS,
Weave. Sutton, Ewens, Ommanney and Prudence, 6, Basinghall.

The WITHDRAWAL TABLE of the Society affords to the As-
sured the greatest possible present and prospective advantages that
,can be conferred by Life. Assurance. On this Table, the Assured is
entitled, at any time, to receive at interest an immediate advance,
'to the extent of one-half the Amount of the paid annual Premiums,
without security, personal liability, or deposit, of the Policy, but by
simple endorsement thereon ; or the half Premium may be with-
held during the whole continuance of the Policy. Also, in, the
eVent-of the Assured at any time not requiring to continue the
Policy, on. its surrender one-half of the annual payments will be
returned by. the. Society. •
Lapsed Policies may be renewed without fine, on proof of health
and payment of arrears of Premium without interest.

SALES BY. AUCTION.

DORSE.I.stIIRE-
WESTER(IOTC HOUSE,' for m.any years the 'Residence of the litt4
Mrs. Mary Daniel, with Pleasur&grounda *a rich Pasture Land
situate In the healthy and delightfUl Village 'of Upway, midwa
between the County Town of Dorchester (at which is a Station o
tl:e 1.011(1.4, and :outl.-Western •Itailway)" and the fashionabl
Watering-place of Weymouth. ' • •
MESSRS. ' DANIEL SMITH and SON have
received instructions to OFFER far SALE by AUCTIONt
at tee Mart, on Tco AT, June 10 Junless an acceptable offer. by
, . Private Treaty shall be previously made),
The salve very desirable • I tiE EHO LD RESIDENCE, with' its
rich compact demesne of about ten acres. The. Mansion Stamtskal
a la`wii facing the south, surrounded_ .by the land. pleasure-grounds,
ornamental gardens, and streams abounding with trout. It is
adapted for a family of the • highest, respe tability, and contains It
spacious entrance ball, capital dining,.drawing, and breakfast-roomS,
gentleman's room, numerous principal and secondary b d-rooms and
dressing-rooms, housekeeper's room, ,and all the requisite domestic
offices for a good establishment. The out-buildffigs are conveniently
detached from the mansion, and consist of a double coach-house,
stabling for e"ght horses, with harness-reoms, and other conveni-
ences. There is a large well-stocked walled-in. garden, with exten-
sive greenhouses and pinery ; and also three cottages and gardens,
the whole offering a mast desirable residence and safe investment,
particularly for a gentleman wishing to, reside within a short drive
of the coast, and in a good sporting neighboarboed.
Orders 10 view and other pirtieular4 may be obtained at the office
of Messrs. Stone and Symonds, solicitors, , Dorchester ; at the Auc-
tion Mart; and at Messrs. 'Smith's Offices, iii Waterloo-place, Pall-
mall.

. • . SURREY.
Valuable FREEIIOLD• and COPYHOLD FAItilS, near Guildford,
a highly pictureSqbe. and sporting part of. the .doulitY. •
MESSRS.' DANIEL- SMITH and SON wictl
SELL by AUCTION',..' at the Mart, imitttSDAY, Jane 10 f
not previously d:sposed of by private treaty), •
BURYING-PLACE runt I'ERRY-HILL FARMS, and other
Lands known as Attfiells, la :the ocealSations.ot Mr,rjOhn Conine,
Mr. J. Dabourn;, and' r: Wallace, together aboVb22o'acres, in' the
parish ofVerplesdon,'within a feW miles orGuildford, !part excel-
lent pasture land, interspersed:with thriving aid ornatnentaltimhet.
'On the Bury,ing-place, Farm hinpleasinitly,situate-house and home-
stead; with garden and padclecV and lands capable. of being made
an ornamental farm- resideneel -there- are • other 11mi-houses; cot-
tages; add -buildingarisild =the
Pasturage, sse.; over the contiguous extensive commons. • I
The estates may be -viewed ,by application to the. tenants;and par-
Bei:liars, with plane, may be had at the Inns at Guildford:B/4Oct,
&c. ; •at the Anction Mart; of Mr. W. F. Barri% . tOliclthirPare•
ham ; 'and of Daniel Smith. and Son, Land Agents, In Waterlob.
place, Pall-mall; 'and of their agent, at Windsor.

' NOtieet of Assignment of Policies registered rind acknowledged,
so as to make them available as securities in the hands of
third parties.

No Entrance Fees or any other charge beyond the Policy Stamp.
The present nntial income of the Society from Premiums is
63,0001.; the amount covered ,by the Policies of the Society is
1,781,5801.; and the reserved profit, applicable to Mare bones to
the Assured, amounts to 82,4541.t5. 6d. At the last annual inves-
tigation, reported, in May, 1850, the" bonuses declared to' the As-
sured were, the option of a return of 15 per cent. on their Premiums
in cash, ore reversions/7 addition to the original ems assured by
each Policy varying from 20 to 65 per cent.
EXAMPLES OF BONUSES ALREADY DECLARED.

The beautiful FREEfIOLD ESTATE of GREENIIANDS, with
' its delightful Fishery and Farm, embracing a considerable extent
of the rich Batik of the Thames, and of the contiguous pih-
turesque -wooded brows between Henley and Marlow.
MESSES. DANIEL SMITH and SON will
(unless previously disposed of by Private Treaty) submit to
PUBLIC COMPETITION, at the Auction Mart, on FRIDAY, June
20, at Twelve; by'direction of the Trustees under the will of the late
proprietor, the aboyedaskable and chol.e
•
RIVER-SIDE RETREAT,
bong one of the most attractive objects on the banks of the Thames;
comprising a modern vi11a,..11 a moderate scale, with beautiful and
finely timbered yleasure grounds sloping to the river, in which .it
possesses an extensive and exclusive right of fishery ;, together with
excellent walled gitrdens and orchard ground, neat lodge, complete
farm homestead, and a compact little dornsinof 180 acres, in the
midst of a delightful and sweet neighbourhood, and some ofthe
most pictutesque scenery in the county, between the towns lof
Henley and Marlow, within two hours' journey of London.
Particulars and cards to view may be had of Messrs. Pemberton,
Crawley, and .Gardiner, solicitors, Whitehall-place; and of Messrs.
Daniel Smith and. Son, in Waterloo-place, Fail-mall, who are au-
thorised to •accept an offer by private treaty.

• . EXAMPLES OF BONUSES ALREADY DECIARF,D. place, ran-mail; ma of their agent, at Ili UMW.,
I.'
Fermi.- The beautiful FREEHOLD ESTATE of GREENIIANDS, witl
..0"., .og:1 Annual Policy Bonus in . went Re. ' its delightful Fishery and Farm, embracing a considerable ester
Age. si r ' Pre-' taken addition Bono In duction of of the rich Bank of the Thames. and of the contiguous PiP
• .o ig /WM, out in' to Sum Cash. , Annual wresting' wooded brows between Henley and Marlow.
._ .. • • Assured. . , Premium' MESSES. DANIEL SMITH and SON wil
(unless previously disposed of by Private Treaty) submit t
. X a. 4. A s d. X s. d.
-- ' 1837 292 6 9 139 16 9 '22 13 1 PUBLIC COMPETITION, at the Auction Mart, on FRIDAY, Jun
1838 267 11 4 126 17 2 19 19! 7 20, at Twelve; by'direction ofthe Trustees under the will of the let
.1839 , 241 18 6 113 17 7 ,7 ~ s proprietor, the aboyedasirable and chat
X A B.d. 1840 193 12 6 93 16 8 14 010 ' RIVER-SIDE RETREAT, •
'6O 1000 74 8 4 1841 189 12 6 89 510 13 811 be:ng one of the mo3t•attractive objects on the banks oft& Thames
1842 162 16 8 76 18 4 11 8 3 comprising a modern villa,.on a moderate scale, with beautiful ani
, 1843 115 10 10 • 55 10 10 8 110 finely timbered yleasure grounds sloping to the river, in which .i
. .
1844 i 77 19 2 as 15 10 5 9.11 possesses an extensive and exclusive right of fishery ;, together wit]
• ' 1845 66 15 0 • 44 10 0 410 1 excellent walled gitrdens and orchard ground, neat lodge, complet
F.....,, ,„....,........ ..,,, . —..-.,—,,... mti. Anyvvvivinf ten :Arrow_ in th,

Extensive Travelling Leave granted without extra Premium
Moderate extra Premium for Resiience in Tropical Climate.
EQUITABLE FIRE OFFICE.
• ' Capital-500,0001.
(Incorporated under 7 and 8 Viet., cap. 110.)
The leading principles of this Office ara•—Moderate and equitable
Rates oi Premium for each chins of risk—Annual division of Profits.
The dillictilty of collecting the elements on which to proportion
rremium to risk in Insurance against Loss by Fire has been so
...Teat, that the rates at present charged are more the result of guess
than calculation.

' It has been tound by experience, that the total annual losses of the
different Established Companies have not been proportionate to the
=own of annual Premiums received by each.
It is of the highest importance, both to the Insured and Insurers,
that such an anomaly should cease, and an aporoximation to the
true risk' be made. To seduce this object the Equitable Fire Insu-
rance Company is established. •
The true rate of Premium for Fire .Insorance can only be ap-
ooached through Classification and Average, which has not hitherto
been sufficiently acted ,n, or systematically applied.
Whatever bathe nominal rate,' the bonus or return periodically to
the. Insured will determine the true Premium equitably payable, as
security against loss tor so, great a calamity as lire, and the Insurer
-5 largely interested in this (motion, and will consult his interest by
sklPPerting a system where, by a careful combination of Classifica-
tion and Aver 4ge,lhe Premium will be proportioned to the risk. ,
The Equitable Fire Office will, by a constant analysis of its own
experience, from time to time, adopt such rates of Premium as the
nature of the risk may justify, and will decline to enter into arrange-
ments as regards tariffs with other offices.
With this view an annual investigation will be made into each
class of risk, and a return of one moiety, or fifty per cent. of the nett
excess will be made to all classes of Insurers whose Policies have
been in force for three years.
Insurances against Loss by Fire are effected by this Company upon
every description of Property on moderate terms.
Farming E3tock insured at 3s. per cent, without the Average Clause.
Prospectuses, and every information may be obtained, on applioa-
tlen at the Office, or to any of Its Agents.

-;
NOBLE TOWN MANSION, opening to the Green Park, delight-
fully situated between Stafford and Durham Houses, with Imme-
diate poisession.-
'N• ••
li/1 *Sits.:, DANIEL SMITH and SON ate
commissioned by the noble Proprietor to OFFER for SALE
by AIicTION, at the 31art, on FRIDAY, June L 0; at Twelve (unless
an ac,-eptabl, offer is' previously made by Private Treaty),
A most Capital and choice LEASEHOLD MANSION, comprising
superior accommodation for a family of distinction, most desirably
situated, adjoining the residence of the Duke of Sutherland, with its
garden opening to the Gram. Park, of which the princ•pal rooms
command an uninterrupted view, embracing Buckinemm Palace.
It is in the Parish of St. James's, and held under the crown for an
unexpired term of 46 years, at the low ground-rent of 971. 19s. 4d.
Immediate possession may be had.
carakto 'view the mansion sly be had of Messrs. Daniel Smith
and Son; is Waterl lc,-pace, Pall Mall ; or of Messrs. Tennabt,
Harris m, and Tennant, Solicitors, Gray 'itlnn-squuo• and of Mr. T.
Burd, Land Agent, khrewsburY,