The Sun.
London, England, 1858-02-02 00:00:00

LONDON, TUESDAY EVENING, FEBRUARY 2, 1858.

GEORGE HOBSON calls the attention of the
Public to his Superfine Black Cloth Dress and Frock Coats,
2/. 15s. Od. to Three Guineas. Dress Black Trowsers, 11. ss. Od.
A choice Selection In Walstcoatlngs from the first makers in Paris.

Excellence with Economy.
GEORGE HOBSON, Fashionable rallot,
57, Lombard-street.

ORNAMENTS for the Drawing-room, Library,
and Dining-romn, consisting of a new and elegant assortment
of VASES, Figures. Groups, Candlesticks, Obelisk., Inkstands,
beautiful Inlaid Tables, Paperweights, &c , in Italian Alabaster,
Marble, Bronze, Derbyshire Spar, &c. unsorted and manu'actured
by JAMES TENNANT, Mineralogist to her Majesty, 149, strand,
London.

Mr. Tennant arranges elementary collections of Shells, Minerals.
and Fossils, which will greatly facilitate the interesting study of
Conchology, Mineralogy, and Geology, at 2,5, 10, 20, to 100 guineas
each.

Mr. Tennant gives Practical Instruction In Geology.

LONDON and SOUTH-WESTERN LITE-
RARY and SCIENTIFIC INSTITULION, Brunswick-
house, Wand+worth-road, Vauxhall.

LECTURES, to commence at Eight. o'clock on the following
THURSDAY Evenings :
Frb. 11. Mr. C. W. Sumt—Shaksperlan Reading—" Macbeth."
Feb. 18. Annual Getteral Meeting of Members.
Feb. 25. Mr. A. B. THOMPSON-4'3lr, Layard, and what he found
at Nineveh "
March 11. bliss LIZZY STUART—"A Peep at Scotland through
her Ssng4."
March 25. Mr. J. K. APPLRBER—" Douglas Jerrold."
April 8. Mr. J. C. Baovon—" Readers and Writers."
April 22. A. lltfoanats (Vice-President of the Institution)—Read-
ings of Poetry.

These Lectures are free to members, who have also the privilege
of intro tacilig a flicnd free to each. Admission o kervrise 6d. each.
FRED. J. AfAC &MAY, Ron. Sec.
J. H. TOWEItSEY, Secretary.

the Ascot, Goodwood, and Doncaster Cups, and
all handicaps above 2001. value, with two for-
feits, the minor' of which shall n t be less than
5/.; and the committees of Tattersall's and of the
betting-ro©m at Newmarket will take no cognizance
of any disputes respecting "pl.ty or pay" bets on
any other races, or of any bets made upon handicap
races before the weights are published.
18. If a declared defaulter does not satisfy the
claims of his creditors within 12 months, he shall
not be entit'ed tt receive any
debts which may be
due to him for the race for whichbe was in default;
but if his debts are paid within the prescribed time
—viz , "one year," the committee will support
his just claims to receive payment from his debtors.
19. The stewards of races have no authority ex
officio to take cognizance of any disputes or claims
with respect to bets. •
20. No horse shall be considered struck out of
his engagements until the proper authorities have
received notice of the same, or the owner or his
agent have publicly declared it in the ring.
Entries for the LITEEPOCit S:

• Distance, s mi
Aged. lb.
St Gile3
Maid of Derivont 5 8 7
Polmoodie .. 5 8 5
Lambourne 4 8 8
Oakball
Fireblast . 6 8 0
Bashi Bazluk 4 8 0
Lord Nehon 4 7 10
Dulcamara 4 7 10
Minnie 4 7 10
The Avenger 4 10
Chester
Bannockburn 4 7 0
Rickledon 4 7 0

iPRING CUP. Ran Marah 2
He and a half.

Pizarro
Broadlands ..... 3 6 9
L.zy Lass 4 6 8

Agent. lb?
Physician, by
Chankicleer 3 6 7
Happy Prince. 3 6 4
Greenwich Fair 3 6 0
Almiralty 3 6 0
Gamcuoner 3 6 0
Martha
Teloinackus
Pelissier 3 5 10
Thornhill
if P. Cocks... 3 5 8
Gammon .. 3 5 7
PbYBaiejeboy an' by
Gm

Tarret
Wouverrnang 3 5 4
Farndale. 3 4 10

Entries for THE AINTREE PLATE. Ran March 2.
Dis.—One mile.

Age st It Age st lb
Poltnoodie 5 8 10 Joe Graham ..._ 6 7 0
f by SiM3OM Gatnnioner... ..... 3 6 8
Teresa
Toffy
Rickledon
:rater:.
4 7 4 Lenkothea 3 6 5
3 5 10
The Avenger
Entries for The SEFTON ITANDIOA.F. Run March 3
Die.—Mile aßnd"qa:

Age at lb
Broadlands
Piztrro
Tae Happy Prince 3 6 9
Greenwich Fair_ 3 6 5
Idnairatty 3 6 5
Thornhill
Garnrnon
Abren
Vro sv
... 3 5 11
Leukothea 3 5 11
.Ferndale
Declaration of Forfeit 4 for the Liverpool Steeplechase
. -

Age et lb
P.lmoodie 6 8 8
Kestrel

NI:Ad of r eveut 5 8 5

Larribourne
OAkball
Lord Nelson 4 8 2
Vandermulin
Our Sal . 5 7 4
Cheater
Lord Bakeley
Yolkshireman

at Chester, up to 7 p,
Feb. 1.
at lhr
The Minor ll 4
Little Victim ll 2
Ern Lomont lO 10
King.court
Fox lO 7
Efindley lO 7
T,)osey
Declaration of Forfeits for
up to 7 p.'
Age at lb
Warlock
Glary
Impt-riense 4 8 4
4 8 4
Coroner
Pretty 13,3, 5 8 0
Poodle
Schiedam
Forhidien Fruit 5 7 8
Maid of Dement 5 7 8
°Alm!'
Omar Pacha
Bashi Baz .uk
Vandal
Vandermulia 5 7 2
Lard Nelson 4 7 '2
Newton-le-Willows4 7 0
The laird in the

et lb
Tame Dt er lO 4
Weston
Nicla,1%3
Potter
Kettleby
~ 9 10
Earthstepper 9 6
Nlisa Harkaway
,40 Molter Cup at Cheater,
1., rub. 2.

Hand 4 7 0
Tidwald 4 13 t
Evelyn ' 4 6 -11
Chester

Age it lb
tlqcket
Late in Life
Sun Spode
Janet 4 5 10
Polly Peaehum 3 5 8
Pia Arro
Darling
Satinttane
Barege
C a eery Cbap 3 5 0
Conduct 'r
Laly Conyngham 3 4 12
['hornbill
Elsrkforward 3 4 10
Hies Hultan
Dred
Gorsehdl
Physician, by
G4lneboy 3 4 7
4 5
Sampson

ATLANTIC TELEGRA PH COMPANY.

The report of the directors just issued expresses
the desire of those sent in anticipation of the ordi-
nary annual meeting, tolay before the shareholders
the present position of the company's affeira, and
to submit to then the policy of the board in refe-
rence to future proceedings. The Atiautic Tele-
graph Company was registered under the Limited
Liability Act, 1856, on the 21st of October in that
year. On the sth of.Decenaber, in the same year,
the whole of the shares had been fully subscribed
for, and in a few days afterwards the entire deposit,
of 2001.'per share had been paid up. An act of,
complete corporation was obtained during the last
-session. The borrowing powers, however, which
had been applied for were objected to by the Com-
mittee' of the House Of Lords, and so limited in
amount, that, at the present time, the company
have no borrowing powers whatever. The directors
relate the progress of the attempt made last year to
`lay down their telegraph cable, with the history of
which the public is acquainted. After quoting the
.opinione. of the commanding officers of the ships
composing the telegraphic squadron, the directors
,'state that they "assent to their general principles.
They think that the formuf the cable is welt suited
to the object in view, and that with apparatus
properly constructed and we'l attested previously,
there will be comparatively little difficulty in suc-
cessfully laying it on the next occasion. They also
agree that, iu the ensuing attempt, it will be de-
sirable to join, the csblea iu mid-ocean, instead of
staring frcm either shore. Tbey are further of
*pinion that considerable modifications are required
in the paying-out machinery befere a .second
attempt be made to lay the cable, and especially in
that portion of it which relates to the retarding of
the egress of the cable. Toe machinery has, there-
fore, been submitted to a scientific committee, con-
sisting of Mr. Penn, of Greenwich, Mr. Joshua
Field, of the firm of Maudslay, Sens, and Field,
Mr. Lloyd, of the steam department of Her Ma-
jesty's navy, and Mr. W. Everett, chief engineer
of the United States frigate Niagire. The
d rectors having solicited the United States govern-
ment to permit the return of Mr. Everett to this
country, for tl.e purposeof aiding this enterprise, are
happy to state that their wishes have been complied
with, and that Mr. Everett is now in England, de-
voting his entire attention, iu conjunction with
Messrs. Easton and Amos, and Mr. Bright, the
engineer of the company, in advising upon, and
superintending such modifications in the paying-out
apparatus, as, after a series of experiments, added
to the practical knowledge gained during tho late
operations, may in their opinion be the best. After
due consideration as to the expediency of again at-
tempting to lay tile cable in the month of October
last, the directors concluded that the attempt would
be imprudent and hazardous; and they therefore
decided upon discharging the cable from the ships,
for the purpose of having it carefully examined and
re-coiled, and of housing it until after another sea-
son. To this end application was made to the Lofds
Commissioners of the Admiralty, who, with greet
kiudnihs, have appropriated to the use of the com-
pany, at Keyhem, a vacant pewder magazine, and
the surrounding premises, on which the company
has erected wooden tanks, properly roofed over,
and suitable for rcoe:ving the cable The cable
itself has been lemed tbrongh a mixture of tar,
linseed oil, pitch, and beeswax, previous to its
being re coiled in the tanks, in order to its effectual
preservation from atmospheric influence during the
winter. The premises granted by the Admiralty
at lie)ham, afford also room for the convenient
carrying forward of al) general electrical arrange-
ment,, and for pursuing important scientific in-
vestigations tending to their improved
The manipulating staff a: e kept busily engaged in
practice upon commercial messages of the 89.1110
character that would be daily passing if the wire
were open for traffic, by which means they will he
came thrcughly accustoms 1 to the very peculiar
mode of signalling adoptedby this company; whose
system, owing to the unprecsdented length of the
Atlantic conductor, necessarily differs from that of
any ether telegraph company. The company have
accepted an offer made by Mr. John .Macinto,h,
for raising the remainder of the submerged cable ;
the basis of the arrangement being, that the com-
peller incurs no risk- or expense in case of failure ;
but undertakes to pay a stipulated rate or price
per mile for all cable delivered in goad order at
Devouport. The length of the cable now at Devon-
Fort, iucluding the recovered portion, is 2,163
miles. In addition to this the directors have con-
tracted with the Gotta Percha Company, and with
Messrs. Glass, Elliot aid Company, for the nianu-
facture of 40iniles of new c able, which is now in
tours of delivery. The total will thus be restored
to 2,563 miles—alengtb, which in the first instance
was thought to contain a sufficient margin for
" slack," and for all centingenciss, but which the
directors, acting on subsequent experience, and im-
pressed with tee opinion that no point in the com-
pany's operations on the next occasion should be
left to uncertainty, are now disposed to think in-
adequate. An outlay will consequently be involved
for furnishing the further length of cable, now be-
lieved to be necessary (about 300 miles), which, as
it had never been anticipated, was not provided for
in the estimate upon which the first issue of shares
took place ; and the balance of subscribed capital
'being therefore inadequate to justify the directors
in entering into any further engagements, it will be
necessary, in order to meet this originally unfore-
seen contingency, that an issue of new capital be
authorised at the meeting on the 18th February,
and provided for without delay in such manner as
may be resolved upon. As experience, however,
has now fully satisfied the directors that an increased
length of cable is one of those points which, on the
resumption of operations this year, may materially
contribute to the success of the undertaking, it is
presumed that the shareholders and the public will
readily assist in providing the moderate amount of
additional capital required for that purpose, and for
leaving in hand a sufficient balance to meet any
contingencies that may still be unforeseen. It wit
be seen by the financial statement appended hereto
that up to December 31, 1857, the company had
received on capital and interest account the sum of
347,398/. 13a. lid. The expenditure to the same
date had been 301,4001. 10s. 10d., leaving a total
balance of 49,6981. 3s. ld. to meet existing and
future engagements. This balance consisted of
45,9981. 3s. id. in cash and securities, and
3,700/. calls unpaid at that period. The latter item
has been reduced to 1,6001., by payments made
subsequently. Delucting from this balance, the
liabilities of the company in respect to the new
cable now being manufactured, arc , and the ap-
proximate estimate of probable charges that will
occur in carrying forward the operation of laying
the cable next season, amounting to 26,0311., there
would appear to be a balance of 13,667/. 13s. Id.
only available to meet any unexpected expenditure.
The value of the cable oa hand at Devonport and
in course of manufacture is computed at 224,8321.
and the stores and miscellaneous property remaining
in possession of the companyhnay be estimated at
11,9001. ; making a total of available property in
the hands of the company (inclusive of the balance
of unexpended capital) amounting to 286,4301.
The costa and expenses attending the manufacture
of a further length of 300 miles of cable may be
estimated, in round numbers at 30,0001. it will
therefore be necessary be necessary, in ordir to
place the financial affairs of the company in a state
that would justify the board in entering into this
further liability, that an additional amount of ca-
pital should be raised. And; as the directors feel
coufident that they will be enabled to conclude an
arrangement on fair and equitable terms with the
original projectors for the extinction of all the ex-
tensive privileges secur el to 'them by an agreement
made between them and the provisional committee
on the 29th day of October, 1856, the directors
earnestly recommend that further provision me),
also be made for this purpose ; and they wouldsuggest that the requisite amount may be raised by
the issue of new shares of 20/. each • and that
authority be taken from the shareholders, at the
same time, to convert (after the cable shall have
been successfully laid) the entire capital into shares
of the same nominal amount as the new si,,alrhere"
is
Reviewing the past the directors say,
no discouragement in the future. No element of
failure has been developed which is not completely
within the grasp of science ; no naaalnod sbsttacils.e
has arisen to forbid the most complete
factory termination to the work 2 • on the contrary,
every anticipate difficulty has bel
enpractically sur-
mounted. Electric signals had been sent and re-
ceived satisfactorily through the entire conductor,
2,500 miles in length. The cable had been laid
alone one of the most difficult portions of the route
The deep soundings of
~vitifthe greatest facility.
the Atlantic had teen reached, and the pet feet pos-
sibility of commuuisating by telegraph with Ame-
rica had advanced from theory into certainty, when
the ripening hopes of the first year's labour were
suddenly put an end to by a description of accident
which in all human probability would never have
occurred had more time been made available for