The Sun.
London, England, 1866-03-12 00:00:00

LOND ON must have a SUPPER and MUSIC
Theatres.R for Gentlemen. Remember, we wait for you
at EVANS' after the Covent-garden Pantomime and the

MESSRS. J. S. MORGAN AND CO. ARE PREPARED
TO RECEIVE SUBSCRIPTIONS FOR SHARES IN
THE ANGLO-AMERICAN TELEGRAPH
COMPANY (Limited).
Incorporated under the " Companies Acts 1862," which
limits the liability of each Shareholder to the amount of
the Shares subscribed by him.
Capital £600,000, in 60,000 Shares of £lO each.
Deposit on Application £l
Deposit on Allottment
16th April 3
Ist June. 3

£lO
Under arrangements with the Atlantic Telegraph Corn-
Pally, the Company will be entitled to receive £120,000 per
annum out of the earnings from the working of the Atlantic
Telegraph Company's lines, and they will also be entitled
to receive £25,000 per annum from the New York, New-
foundland, and London Telegraph Company, out of the
earnings of that Company for through messages.
The agreements between the companies provide for
other contingent advantages which are after stated.
DlREarons.
George Peabody, Esq., 22, Old Broad-street
Edward Cropper, Esq., Swaylands, Penshurst
Captain A. T. Hamilton, 12, Bolton-row, Piccadilly
Richard Atwood Glass, Esq., Ashurst, Dorking
Daniel Gooch, Esq., M.P., Clewer Park, Windsor
rfoury Bewley, Esq., Willow Park, Dublin
Vrancis A. Beavan, Esq., 54, Lombard-street
J. M'Clean, Esq., C.E., 23, Great George-street, West-
minster
Charles E. Stewart, Esq., 102, Lancaster-gate, Hyde 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 established for the purpose of
elLeOnting in the course of the present year the great enter-
.rise of laying a submarine cable between Ireland and New-
. .`tllint,'so as to connect telegraphically the Old World
and the New, and to raise the cable partially laid last year,
in order to complete a second line to America.
umstances attending therecent attempts to carry
~1711,1 s wojk have greatly increased the confidence of all
th.W'wlitPlave been engaged in it, and they are convinced
tharthis renewed effort will be attended with success.
- Thewhit% length of 1,212 nautical miles of cable laid
from the-' seat Eastern in July last, continues perfect,
• according to the daily reports of the electricians in charge
at Valm,ga ; and the observations taken by Captain James
Anders&Nt the Great Eastern, and Staff-Commander
henry A:Moritati,R.N., have determinedAhe ponition
the lgokon -end -with the utmost accural: 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 funds necessary 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 tide important undertaking, an
entirely distinct Company shall be formed, and this Corn-
l'anY 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 Memorandum of Association, which has
beeni registered in accordance with the Companies Act,
'862, 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
eeinpleting the broken cable of last year.
This Company also engage to work both cables, or
either, as the case may be, as the agents and 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
ennipany, there shall be an annual payment by the At-
lantic 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 lines are, after paying
ahPenses of repairs, management, working, and direction,
d interest (not exceeding £5,000 per annum) on the de-
bentures of the Atlantic Telegraph Company, to be appro-
Priated thus :
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'kl exist-
ing Preference Stock and 4 per cent. on their
ordinary 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-

ments in any one yjox 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 three months' notice to that effect) by
!;aYmeet te tbia y nf the sum of £1,200,000, being
'Pablo the amount fitso capital. If, however, Ina Atlan-
tic Telegraph Company exercise this option, the Anglo-
American Company will have the right to take payment of
111.13 £1,200,000, one half in cash, and one half in ordinary
Atlantic Telegraph Shares at par, instead of tbo whole
amount in cash.
1a the event of the Atlantic Telegraph Company exer-
cising their right of redemption by payment of the aboye-
,,_4Pned sum of £1 200,000 this Company will be forthwith
`ussolved and je funds 'distributed amongst the share-
hoders.
n The New York, Newfoundland, and London Telegraph
-"VallY, with a view of securing the completion of
raphiarttele-
c communication betweenlreland and Newfoundland
h thin
the present year, have by their Deputy-Chairman,to
41 London, agreed to contribute £25,000 per annum
te Company out of their share of the receipts, for
hrcaigh messages between Ireland and America, and passing
llver their lines. This subsidy will terminate upon the pay-
nt by the Atlantic Telegraph Company of the £1,200,000
bve-rnentioned, or upon bot.h cables ceasing after 3lst
•acernber, 1866, to be in working order for twelve succes-
-.U."0 months. The agreement has been forwarded to New
4 ork for formal ratification there.
Te sum up the financial arrangements, the effect will be
as follows:
, The shareholders in this Company will be entitled to
.4125,000 a-year out of the earnings of the Atlantic Tele-
TaPh Company's lines, and -£25,000 a-year out of those
o' the Newfoundland Company for through business, to-
gether £150,000 a-year upon a capital of £600,000, making
40 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-
°f the probabl e tur
laate, drawn u
nsp b
rey pracis annexed.tical and experienced telegraphists,
:The Directors have great confidence in recommending
this undertaking to the public.
Thor Telegraph Construotion and Maintenance Cora-
vanY will manufacture the new cable and undeftake the
actual execution of the work contracted for by this Com-
-4,41,3', as above stated (up to the opening of the Atlantic
1-e'egraph lines for public business), for a total sum 9f
,600,000, with a bonus, to be provided by the Atlantic
I,,,e'egraph Company, undertheiragreement with this Com-
"'lY, of £137,140 in ordinary shares of the Atlantic Tele-
gaPh Company, payable by instalments, extending over
months, in case the cable of last year is successfully ecru-
Teti, and continues in working order during that period.
„. the possible contingency of the new cable not being
frreessfully laid, £500,000 only will be paid to the Tele-
aPh Construction and Maintenance Company, and this
ti(l)„mpahY will in that event be entitled to the value of all
cerf,litilsed and recovered cable (subject to the payment of
this ill specified charges thereon), and it is estimated that
e- arrangement will provide, in case of failure, for a re-
-1 to the shareholders of this Company of at least one-
-4,1 ef their paid-up capital.
th no Whole of the deposits on shares will be returned to
SUbscribers if two-thirds of the capital of the company
II: het subscribed, or if the agreement with the New York,
eundland and London Telegraph Company is not
'pined by them.
ear,lPies of the Memorandum and'Articles of Association
be inspected at the counting-house of Messrs. J. S.
13„"rga, n aid Co., and Contracts at the offices of Messrs.
-eriaro. and Co., 46, Parliament-street.

GLO-AMERICAN TELEGRAPH 'COMPANY
(Limited).
sent to Directors cannot of course bind themselves at pre-
ailt allY tariff for messages. The amount to be. charged
saki' a matter for consideration hereafter. But it may be
litertassinned that it will not be less than ss. p9r word.
.llg at ss. per word, only five words a minute, 24
the-,s Per day, and allowing 300 working days for the year,
tzie would be a gross revenue of £l,BOO a day, or
,4000
, year. This is for one cable only. •
their igglasist authorities in electrical science give it as
obtai°Pliclion that eight words a minute could easily be
teaZged through the Atlantic Cable. And there is every
We-11 to anticipate that at a tariff of anything like ss. a
paP there would be more messages offered than the Com-
guuould transmit.
est,• e undersigned append their names as considering this
-4ale of the probable result a reasonable one.
-LATIMER CLARK, M.1.C.E.,
Consulting Engineer to tho Electric and In-
national Telegraph Company.
HENRY C. FORDE
PLEEMING JENKIN, F.R.S.
WILLIAM THOMSON, LL.D., F.R.S.,
Professor of Natural Philosophy in the Uni-
versity of Glasgow.
CROMWELL F. VARLEY, M.1.C.E., F.R.G.S.,
M.R.1., &c., &c.,
Electrician to the Electric and International
Th_ Telegraph Company.
411_0 realisation of this estimate (allowing £25,000 per
the (6133. for Working expenses) would make the income of
Ap°lllPanY over £300,000 per annum.
,_Plications fur shares aro to be made, and the deposit of
ilrove,,r share paid to Messrs. J. S. Morgan and Co., 22, Old
fromet, whom Prospectuses, with Forms of
k eation for Shares, may be obtained.
PlieefUld a less number of shares be allotted than is ap-
ated,!ur, the deposit will, so far as requhed, appropri-
keutL?Wards the payment duo on allotment. If no allot-
turned made, the amount deposited will be at once re-
6th without deduction.
arch, 1866.
-r'S ASTHMATIC BALSAM.—AN
or arwl ECTIJAL ItEMEDY, without confining the bowels
tilitt,,,edog the head, truly efficacious and pleasant, is ad
cear,,.! cool be the best medicine for immediately relieving
sall7p_ds, confirmed cases of asthma, and incipient con-
Droao,'"a• It frequently cures persons whom the faculty P;opo,_llee incurable, admirably allays thc tickling which
cony-
-1 ,cre..e, frequent coughing. In approaching consumption
Nu, 1,',", art trulv beneficial. Persons deprived of sleep, or a f down for fear of suffocation may depend on relief
.threntendon,
erW.B Leiaillnutr after taking it. PreParea on or and solo by
bmist. King-almm s
mr -iaantitieAst eet alaring-
-3 all druggists, n i bo-ttlres 'l3)d and
sintbone,.2s Balsam, Be particu ar. 'mid ask
ambert's nlatie The name and address are
94 the stamp.