The Sun.
London, England, 1868-08-18 00:00:00

ABRIDGED PROSPECTUS.

The tilled of the Company is to establish and work a
direct line of Telegraph between the Continent of Europe
and the United States of America, in accordance with the
concession granted by the Imperial French Government
to Baron Emile d'Erlanger, of Paris, and Mr. Julius
Reuter, of London.
This concession bears date 6th July, 1868, and confers
the privilege of laying and working Submarine Telegraphs
between France and the United States. The French Go-
vernment binds itself not to grant any other concession
for lines between France and North America during the
period of twenty years from the Ist September, 1869.
A concession granted by the State Legislature of New
York, for landing and working cables between that State
and France, has been secured.
Arrangements have been made with the Submarine
Telegraph Company for the exclusive use of one of their
wires between England and Dieppe, from which place the
French Government will construct a special wire to Brest
direct for the Company. By this means, the valuable co-
operation of the Submarine Telegraph Company has been
secured, and an uninterrupted route from England to the
United States will be established.

The French Government has promised its support and
assistance to the undertaking, and an honorary committee
of the highest position has been formed in Paris.
It has been generally acknowledged that, both for poli-
tical and commercial reasons, the laying of a direct and
independent cable from the Continent of Europe to the,
United States was only a question of time, and consider-
ing the extraordinary increase of telegraphic messages
wherever new facilities are afforded, it is to be expected
that the new undertaking will create fresh traffic, inde-
pendent of that of the old companies, sufficient to insure
earnings of equal if not greater amount.
It will be the object of the now Company to fix such
rates for messages as will secure the largest possible traffic.
The price to be charged is intended to be £2 for a mes-
sage of 10 words, and it seems not too sanguine an expec-
tation that at this rate the line will find constant em-
ployment.
The power of transmission of the new cable is estimated,
according to the report of the engineers and electricians,
at a minimum of twelve words per minute, which, allow-
ing 14 hours a-day for waste time, and consequently only
ten hours a-day for actual work, and taking'3oo working
days in the year, gives, at- the rate of £2 per message, an
annual income of £432,000. Practically, the proportion of
days and hours lost would in all probability be loss than
is assumed in this estimate. The working expenses of the
new line may be calculated to amount at the utmost to
£30,000 per annum.

The proposed cable will be laid in two sections—the first
from Brest, in France, to the French island of St. Pierre,
off Newfoundland; the second from St. Pierre either to
New York direct or to a point between Boston and New
York, with a special line to the last-named city.
The length of the cable is as follows:-
Ist section, from Brest to St. Pierre 2,325 miles.
2nd section, from St. Pierre to the United
States, about 722

3,047 miles.
To this length an amply sufficient amount of slack will
be added.

A contract has been entered into with the Telegraph
Construction and Maintenance Company to manufacture
and lay the cable for the sum of £920,000, of which
£BlO,OOO is payable in cash by agreed instalments during
the manufacture and shipment of the cable. The remain-
ing £llO,OOO will be payable in the following manner, viz.,
£BO,OOO in fully paid-up Shares, after the section from
Brest to St. Pierre shall have been laid and tested satis-
factorily for thirty successive days ; £lO,OOO in cash after
the section from St. Pierre to the United States shall have
been laid and tested for thirty days, and the final payment
of £20,000 in fully paid-up Shares after the entire cable
shall have been six months in satisfactory operation.
Allowing £lOO,OOO for the construction of the land lines,
engineers charges, supervision, and all expenses up to the
opening of the line, and deducting the consideration here-
after stated to be given for the concession upon success,
there will remain a balance, by way of reserve, of £BO,OOO.
The Great Eastern will be employed in laying the deep
sea portion. Sir Samuel Canning with a competent staff
will ha charge of the submersion of the cable. Sir James
Anderson will act on behalf of, and watch over, the in-
terests of the Company.
The cable is contracted to be shipped in June next, and
the line is expected to ba open for traffic in the course of
next year.
The cable will be of the best construction, and generally
of the same description as thohe manufactured by the Tele-
graph Construction Company for the Atlantic and Anglo-
American Telegraph Companies. The cable will be pro-
tected by tar like the 1865 cable, and advantage has been
taken of all the experience since gained. In accordance
with the unanimous recommendation of the engineers and
electricians, the weight of copper in the conductor has
been increased from 300 lb. to 4001 b. per knot. By this
means greater rapidity of transmission is obtained.
In tracing the route a detour has been made to avoid the
risk of icebergs and anchorage on the banks of Newfound-
land. It is on these banks that all accidents to the exist-
ing cables have occurred.
Sir James Anderson has recorded his opinion that the
object thus sought for will be fully attained.
The Concessionaires, by an agreement dated 3d August,
1868, and scheduled to the Articles of Association, have
: of t hments,
agreed to transfer to the Company their concession from
the Imperial Government of France, together with all
ythoerik,r
andrights
the underben etfihteofthe concessionto ftrhoem re tratiothg
ieStatef New
e
undermentioneds agree
aCnocimtpoandyefirnaycaolnlsiedepraetniosen of 5,000 5,000 fully paid Shares, to
be allotted to them whenever the Cable shall have been
successfully laid, and shall have continued to work satis-
factorily for 30 days. They will also be entitled to receive
gi voindtend profitsof.l O
will, per
forco con-
venience, to
t
one-fifth part of the surplus net profits in each year, after
setting aside a reserve fund, equal to 5 per cent. of the net
vplerle onfiiSetnhs'caear,enhbdoelaadftteterars. cphaeyTdmhtoeensaet pcooofrntatiiondn of the fully paid shares.
It will be seen from this that the Concessionaires look only
to the success of the undertaking for their remuneration,
iannedurfroerd repayment of the expenses they have already
Copies of the Agreements and of the Memorandum and
Articles of Association, and of the Concessions, lie for in-
spection at the Offices of the Solicitors of the Company,
Messrs. Bischoff, Coxe, and Bompas, 19, Coleman-street.
rmooss
ooff
fAhpopcliocmatpioanoyf,orßaSrthahroelsommeawy
and their various branches.
IlbeoPuorobsetas,pieancnetdduseaattsttahhneedUOlniffioion Bank of London, Princes-street,

COPIES OF REPORTS OF SIR JAMES ANDERSON,
SIR WILLIAM THOMSON, MESSRS. VARLEY,
CLARKE, FORDE, AND JENKIN.
London, 3d August, 1868.
Baron Emile d'Erlanger, Julius Reuter, Esq.
Dear Sirs,—With reference to the route projected for
the cable between Brest and America, I have recommended
it for the following reasons:—
By keeping in the 500 fathom line upon Milno bank and
around the southern edge of the Grand bank there is no
possibility of ice, or of any other agency that can be sug-
gested, injuring tho cable. The northern edge of the
Grand bank was avoided, because it is uncertain at what
depth the icebergs ground. They aro said, upon good
authority, to ground at times in 90 fathoms.
It is not certain at what depth the vessels employed in
tho sPal trade may sometimes choose to drop an anchor
for the purposo of keeping their station in the track of ice
floes.

These dangers are avoided by the track chosen for the
proposed cable, and I am justified by my own experience
in saying that the track from the southern edge of the
Grand bank to St. Pierre, and thence to the place of land-
ing in America, is entirely free from any danger from ice,
and does not cross any anchorage resorted to by the fleet
of fishing vessels.
The cable upon the Milne bank and from the Grand
bank to St. Pierre, and thence to America (upwards of
1,200 miles), will bo laid in water of such easy depth that
repairs will be a matter of certainty ; and we are justified,
Irom the soundings which already exist, in affirming that

SCHOOL OF NAVAL ARCHITECTURE, &c.
ADMIRALTY, Bth August, 1868.
THE LORDS COMMISSIONERS of the AD-
MIRALTY HEREBY GIVE NOTICE that the
arrangements for the ADMISSION of persons, not already
in the Government service, to the Royal. School of Naval
Architecture and Marine Engineering as ADMIRALTY
PUPILS, will, for the present year, be as follows :
Candidates must not be less than 18 or more than 21
years of ago, and must have served at least two years in
private shipbuilding or engineering establishments, or
must give satisfactory proof that they have in some way
been so connected with shipbuilding or engineering opera-
tions as to become well-grounded in the elementary prin-
ciples and practice thereof.
The pupils will be selected by competitive examination,
the subjects for which, and numbers of marks assigned for
each, are as follows :

Marks.

Pare mathematics, including arithmetic, mensura-
tion, geometry (plain and descriptive), plane tri-
gonometry, and the elements of the differential
and integral calculus .. 2,500
Applied mathematics, including mechanics and
hydrostatics ... ••• 1,000
Practical shipbuilding, including laying-off (for
shipwright's candidates only) ... 2,500
Practical marine engineering (for engineer candi-
dates only)

French •.: ••• • • ;;;
Dements of physic and chymistry ..•
English grammar and composition ...
Geography and History
••• •.• ..•

... 2, pO

- - .
... 500
... 750
... 750
750

No candidate will be admitted who does not obtain at
least two-thirds of the full number of marks in the two
first-named subjects, and three-fifths of the full number,
either for practical shipbuilding or marine engineering.
The last four subjects, although counting in the compe-
tition, will not be considered obligatory.
The candidates who may be selected will be treated,
while attached to the School, in all respects as the Admi-
ralty pupils; they will recaive wages the same as dock-
yard apprentices, commencing at ls. 6d. per day for six
days per week for first year, and increasing yearly 3d. per
day till it reaches 2s. per day ; and in addition a subsist-
ence allowance of 3s. per day for seven days per week
while away from their homes, either at the School or in
the dockyards.
Seven months of each year—viz., from October till May
—will be devoted to study at the School, and the remaining
five months to actual work and the acquirement of practi-
cal knowledge in the dockyards.
It is to be understood that the Admiralty make no en-
gagements to employ these pupils after the completion of
their course of study; and they must rely on their own
worth as educated naval architects for obtaining employ-
ment in their subsequent career. The number of such pupils
to be selected this year is one shipwright and one engineer.
Persons desirous of competing must forward their names,
with a certificate of birth, and of the grounds on which
they consider themselves practically qualified, enclosing
proper certificates to that effect, to the Secretary of tho
Admiralty, not later than the Ist September.
The candidates should also state whether they wish to
be examined as engineers or shipwrights.
The examination will take place on the 28th Saptembor
and three following days.
By command of their Lordships,
HENRY GORDON LENNOX.

THE RESCUE SOCIETY'S HOMES
28, Church-row, Hamp- 150, New Bent-road.
stead. For Fallen Women.
are as follows :
48, Church-street, Stoke
13, Camden-street, Camden- /Tewington.
town. Maize-hill Cottage, Green-
-205, Great Portland. street. wish.
For Young Girls in Danger.
27, Church-row, Hampstead. •
9, Henstridge-villas, St. John s-wood.
St. Mary's Lodge, Buckhurst-hill.
Country Home—St. James's-street, Dover.
Temporary Home-85, Queen-street, Cheapside.
In addition to the above-named homes, the Committee
have under their charge three homes for servants of good
character, in which aro admitted about 1,000 friendless
servants annually.
The home at Great Portland-street is for young fallen
girls from 10 to 16. The committee ale deeply anxious to
open another house for this pitiable class.
Tho Society admitted to its homes last year 687 young
women and girls. It was compelled to refuse 524 appli-
cants, whose histories are recorded in the applicant's book.
The Society is under the presidency of the Earl of
Shaftesbury. Its bankers are Messrs. Barclay and Co.
The Committee very earnestly commend its work to the
benevolent. DANL. (70`..RER, Pee.
85 Qum-Arcot, Onapaide.