The Sun.
London, England, 1866-03-06 00:00:00

THE IMPERIAL LAND COMPANY OF
MARSEILLES (Limited).
•
NOTICE IS HEREBY GIVEN, that the LISTS of
APPLICATION for SHARES in this Company will be
CLOSED at Four o'clock TO-MORROW (WEDNES-
DAY), the 7th instant, for London, and on THURSDAY
NEXT, the Bth instant, at Twelve o'clock, for Country
Applications.
By order,
ALFRED LOWE, Secretary (pro tem).
Temporary Offices, 17 and 18, Cornhill,
London, March 6, 1866.

SUBSCRIPTIONS for the WIDOW and
CHILDREN of the late Captain R. 11. GRONOW,
formerly of the Grenadier Guards, and Author of " Recol-
lections and Anecdotes," " Celebrities of London and
Paris," &c. Captain Gronow, who lately died in Paris,
has left a widow and four young children, by his second
marriage utterly destitute, without means to defray his
funeral expenses, or even to purchase bread. Captain
Gronow waa disinherited by his father, in favour of
his brother, a clergyman, and the small income which
he derived from the interest of a sum charged on the family
estate ceased with his life ; while the sums he received
from time to time for his " Recollections" were expended
in providing for the increasing expenses of his young
family. Under these distressing circumstances the friends
of Madame Gronow in Paris came to her aid, and they now
appeal to the liberality of her late husband's friends in
London, and also to the readers of his Reminiscences, for
contributions to enable her to maintain and educate her
children.

Subscriptions received by Messrs. SMITH, ELDER, and
Co., 65,' Cornhill, and 45, Pall-mall ; and by Messrs. Cox
and GREENWOOD, Army Agents, Craig's-court, Parliament-
street.

DR. SCOTT'S LIVER AND BILIOUS
PILLS.—A NEVER FAILING REMEDY.—Pre-
,ared without any mercurial ingredient, from the recipe of Dr.
,00tt, of Bromley, Kent. will be found invaluable to all who
•nffer froth bilious and liver nomplaints, wind.
ipaBMII, giddiness, dizziness of the eyes, &a For habitual
nativeness, as a family aperient medicine, and as a purifier
of the blood, they are truly excellent; mild in their opera-
tion and grateful to the stomach, they create. appetite, pro-
mote digestion, and strengthen the whole nervous system.
Sold by W. Lambert, 8, King William-street, Charing-cross.
London, and by most druggists, in boxes,is. :id., and three
times the quantity in one, 2s. 9d. Be sure to ask for Dr.
Soott's Bilious and Liver Pills. The genuine are a square
green package. with " William Lanihert." engraved on the
stamp.

THE RESCUE SOCIETY wishes to add another
home to thn 12 now In operation. Last year no fewer
han 455 poor, friendless, young females were rejected from
want of FUNDS and room, making a total of 3,087, who have
been sent away in five years. Here are brief details of a few
et the most recent cases:—
F. V., aged If, fallen, mother dead, deserted by her father.
M. A. F., aged 13, homeless, both parents dead.
A. 8., aged 17, fallen, father dead, deserted by her mother
5. D., aged 15, fallen, mother dead.
C. 8., aged 15, fallen, mother dead,
A. 8., aged 18, fallen, both parents dead.
11. S., aged 14, homeless, de -erted by her parents.
M. H.. wed 17, fallen, both parents dead.
C. H., aged 17, fallen, both parents dead.
A. G., aged 18, fallen, father dead.
N. K„ aged 18, fallen, both parents dead,
S. 8., aged 17, fallen, both parents dead.
K A. W.. aged 17, fallen, both parents dead.
S. D., aged is, fallen, both parents dead.
The new home the Committee wish to form would be for
young girls, almost children, from the age of 8 to 15, who
have been led astray from the path of virtue."
Contributions will be received gratefully by the Secretary,
Mr. Daniel Cooper, 85, Queen•strect, Cheapside; vr by Messrs
Barclay and Cc., Lombard-street`

_ .
minster
Charles E. Stewart, Esq., 102, Lancaster-gate, llyde Park,
W.

BANKERS. '
Messrs. Barclay, Bevan, Tritton, Twells, and Co., 54,
Lombard-street, E.C.
SECRETARY (PRO TEM.).
' J. C. Deane, Esq.

This Company has been establisted for the purpose of
executing in the course of the present year thogreat enter-
prise of laying a submarine cable between Ireland and New-
foundland; "so ELS to comferetteTegrapttcally the Old World
and the New, and to raise the cable partially laid last year,
in order to complete li second line to America.
The circumstances attending therecent attempts to carry
out this work have greatly increased the confidence of all
those who have been engaged in it, and they are convinced
that'this renewed effort will be attended with success.
The whole length of 1,212 nautical miles of cable laid
from the Great Eastern in July last, continues perfect,
according to the daily reports of the electricians in charge
at Valentia ; and the observations taken by Captain James
Anderson, of the Great Eastern, and Staff-Commander
Henry A. Moriarty, RN., have determined the position of
the broken end with the utmost accuracy. Mr. Canning
and the other engineers engaged in the late expedition are
confident that with the machinery and tackle now being
prepared they will be able to raise the cable, and complete
the line to Newfoundland.

The 1,070 nautical miles of cable, which has remained on
board the Great Eastern since August last, is certified to be
in as perfect condition as when it was shipped.
The Atlantic Telegraph Company had arranged for pro-
viding the finds necessafy for resuming the work by an
issue of new 12 per cent. First Preference Shares ; but hav-
ing been recently advised that such issue is not authorised
by their acts of Parliament, the proposal has been with-
drawn and all the subscriptions are being returned.
It has therefore been decided that, for the purpose of aid-
ing in the completion of this important undertaking, an
entirely distinct Company shall be formed, and this Com-
pany is accordingly formed with valuable privileges, here-
inafter specified, secured to them by agreements with the
Atlantic Telegraph Company, and the New York, New-
foundland, and London Telegraph Company.
_

A copy Of the Meinoranduin Of Association, which has
been registered in accordance with the Companies Act,
1862, is annexed.

The effect of the agreement entered into between the
Atlantic Telegraph Company and this Company is that the
latter undertake the construction for the former Company
of 1,660 nautical miles of new cable to be added to that now
on board the Great Eastern, and from that vessel, between
Ireland and Newfoundland during the ensuing summer,
and for the adoption of suitable measures for raising and
completing the broken cable of last year.
This Company also engage to work both cables, or
either, as the case may be, as the agents aid on behalf of
the Atlantic Telegraph Company during the continuance
of the agreement; and the agreement further provides that
in consideration of the engagements so contracted by this
Company, there shall be an annual payment by the At-
'antic Telegraph Company to this Company out of the
earnings from the working of the cables of £125,000, the
arrangement being that the receipts in each year from all
the Atlantic Telegraph Company's linos are, after paying
expenses of repairs, management, working, and direction,
and interest (not exceeding £5,000 per annum) on the de-
bentures of the Atlantic Telegraph Company, to be appro-
priated thus :7-

First. In paying to this Company £125;000 per
annum.
Second. In paying £72,000 per annum (represent-
ing 8 per cent. on the Atlantic Company's exist-
ing Preference Stock and 4 per cent. on their
or4inary Stock) to the Atlantic Telegraph Com-
pany, and
Third. The entire balance of each year's receipts is
to be divided between this Company and the At-
lantic Telegraph Company in equal shares ; but
no deficiency In respect of the above annual pay-
rnasste in any one year is to be carried forward to
another year.
The right is reserved to the Atlantic Telegraph Company
of terminating the agreement on or before the Ist January
1869 (on giving throe months' notice to that effect) by
payment to this Company of the sum of £1,200,000, being
double the amount of its capital. If, however, the Atlan-
tic Telegraph Company exercise this option, the Anglo-
American Company will have the right to take payment of
the £1,200,000, one half in cash, and ono half in ordinary
Atlantic Telegraph Shares at par, instead of the whole
amount in cash.

In the event of the Atlantic Telegraph Company exer-
cising their right of redemption by payment of the above-
named sum of £1,200,000, this Company will be forthwith
dissolved and t%e funds distributed 'amongst the share-
holders.

The New York, Newfoundland, and London Telegraph
Company, with a view of securing the completion of tele-
graphic communication between Ireland and Newfoundland
during the present year, have by their Deputy-Chairman,
now in London, agreed to contribute £25,000 per annum
to this Company out of their share of the receipts, for
through messages between Ireland and America, and passing
over their lines. This subsidy will terminate upon the pay-
ment by the Atlantic Telegraph Company of the X 1,200,000
above-mentioned, or upon both cables ceasing after 31st
December, 1866, to be in working order for twelve succes-
sive months. The agreement has been forwarded to New
York for formal ratification there.

To sum up the financial arrangements, the effect will bo
as follows :

The shareholders in this Company will be entitled to
£125,000 a-year out of the earnings of the Atlantic Tele-
graph Company's lines, and :X25,000 a-year out of those
of the Newfoundland Company for through business, to-
gether £150,000 a-year upon a capital of '.£600,000, making
25 per cent. per annum. But this by no means represents
all the advantages which may accrue, as, according to the
calculations that have been made, it is confidently believed
that even with a single cable and a low tariff the revenue
will afford a large additional sum for division. An esti-
mate, drawn up by practical and experienced telegraphists,
of the probable returns is annexed.
The Directors have great confidence in recommending
this undertaking to the public.
The Telegraph Construction and Maintenance Com-
pany will manufacture the new cable and undertake the
actual execution of the work contracted for by this Com-
pany, as above stated (up to the opening of the Atlantic
Telegraph lines for public business), for a total sum of
£600,000, with a bonus, to be provided by the Atlantic
Telegraph Company, under theiragreement with this Com-
pany, of .Z137;140 in ordinary shares of the Atlantic Tele-
graph Company, payable by instalments, extending over
14 months, in case the cable of last year is successfully com-
pleted, and continues in working order during that period.
In the possible contingency of the new cable not being
successfully laid, .£500,000 only will be paid to the Tele-
graph Construction and Maintenance Company, and this
Company will in that event be entitled to the value of all
the unused and recovered cable (subject to the payment of
certain specified charges thereon), and it is estimated that
this arrangement will provide, in case of failure, for a re-
turn to the shareholders of this Company of at least one-
third of their paid-up capital.
The whole of the deposits on shares will be returned to
the subscribers if two-thirds of the capital of the company
are not subscribed, or if the agreement with the New York,
Newfoundland, and London Telegraph Company is not
ratified by them.
Copies of the Memorandum and Articles of Association
can be inspected at the counting-house of Messrs. J. 8.
Morgan and Co., and Contracts at the offices of Messrs.
Bircham and Co., 46, Parliament-street.

. .
Applications for shares are to be made in the accompany-
ing form, and the deposit of £1 per share paid to Messrs.
J. S. Morgan and Co., 22, Old Broad-street.
Should a less number of shares be allotted than is ap-
plied for, the deposit will, so far as required, be appropri-
ated towards the payment duo on allotment. If no allot-
ment is made, the amount deposited will be at once re-
turned without deduction.
6th March, 1866.