The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-06

terly fmpractcable but fortunately II Is not ths
distance to be trared not beisg than 1880 miles
Tbs propoted points of connection are st
Johns, in Newfoundland. and oorx, on Ia,
southern coast Of Isalspd The company VIII
have undertaken this work, or rather q pos
tion Of t. az il is the joint work s two companies
is entitled the .Ns~ York, Newfcundlala snd Losde
Telegraph Ccnpsny" and is composed Of the too~iay
Peter Cooper. Cyrus W. Field.
Moses Taylor, Msrshau O. Roberts,
Chandler White
fresTent ....... Peter Cooper.
wee freaoent.... .............. Cnanoier Wnue
1,edsursr. ..................... MOSES .g'0r'
Electrician. Samuel +. B. Morse.
These gentlemen, about year and half ago, having
carefully weighed and considered the difficulties by
which the enterprise bssst, applied TO the colonial
government of Newfoundland q charter granting
them the exclusive privilege atty years, Of runuing
telegraph tpat island and through any Of the
adscent waters. After several weeks OF negotiation,
they not only succeeded in obtaining this, but
encouragement TO the enterprise five thousand pounds
sterling were appropriated By that government
towards tie construction Of bride path
the island, which was considered indispensable fer
the regulation and repair Of the telegraph Their
libsraty however, did not stop mere; for realizing the
great advantage such q work would be In opening up
the country and In developing s they secured
to the company the interest afy thousand pounds
sterling for twenty years, and made them present OF
fifty square miles Of land which they at liberty to
select in any part OF the island. The conditions
which these generous gifts have been made is the
pleticn of the line to St. John In addition to all this
fifty more miles will be given when the line is laid
the Atlantic. The charter has been rataed by
the home government and the work is at present
pioIy progressing towards completion They also
successful in obtaining exclusive charter from Prince
Edward Island for the same term, and purchased
which had been previously obtained in New
1t was stl necessary, however, for them to
from Canada, giving them fun liberty to cross any
part Of the territory which they might consider nece
cary In addition to the atty miles presented by the
government Of Newfoundland. they received 1000
from that Of Prince EDWARDS leland and were granted
every privilege they asked, ard which they deemed
necessary to carry out their work successfully.
The company having obtained all, and more than
they had asked for proceeded ensrgetically to work.
and. As preliminary step, made q contract with Pro
fesscr Morse, By which they secured the use of his
patents and al renewals steamer purchased and
sent to Newfoundland with engineer and assistants,
and about six hundred having been engaged opera
tons were Immediately commenced. The route over
which the line to be constructed IL perfect wilder
nees, and presents, would suppose, almost in
auperabe obstaclen the way OF the enrp,se but such
was the energy brought to the work that it viii be
pleted in less than four months. While the company
bad employed in clearing the wilderness and
structing their lne they had others engaged in the
granted by the government The services Of three mi
nerslogsts secured, and their investigations
suited In tho discovery Of two coal mnes lead mine
and one of "copper" besides valuable tracts of ship tim
Der ar several quaIres OF aabaster ard slate. The
discovery Of these 10 only of the many benefits
which 1t is expected the telegraph wilt confer upon
that porton of tue British possessicas The length Of
the route which will be trsversed BY the line OF the
new company Is seven hundred miles, and extends
from St. Jshns to Cape Tormenttne. Commeacing at
this cspe. II runs through the Straits of Northum
berlsnd to Prince Edwards Island, distance Of ten
miles and half thence to Cape East thence to Cape
Bretop and thence to st. Johns portion Of this route
is laid with submarine telegraph.
The company have entered into agreement with
the companies whose lines run from New York to New
Brunswick, through Boston and Maine. But 'as the
great objects, to the accomplishment of which all these
operations may be regarded merely preliminary could
not be undertaken without the assistance Of tss
graph company in Europe, they deputed Of their
number to visit England for the Of securing the
cooperation Of of the principal companies there.
The which attended them In their previous
Desotiatons, followed them here. contract was made
with the s.Trans Atlantic Telegraph Company" com.
posed Of French and English capitalists, by which that
company agreed to construct and lay down at thsr
expense and risk submarine cable extending from
Ireland to st. Johns at the time already stated. This
contract also binds the two companies to operate in
nection with each other, to the exclusion of all
other lines for the period of fifty years We
were shown . specimen Of the cable which
is to be laid across the Atlantic, and which
has less than six wires 1t is about two inches in
q
the straining to which 1t may be subject The whole
expense Of its manufacture and laying down is estimated
at ten millions of dollars but such the expectations
that have been formed of its success, that will
than pay for itself In three months This may in.
credible but II the calculations which have been made
in regard to it are borne out the receipts will amount
to six times the amount OF capital invested in It.
In justice however, to the company, must say that
they have formed such estimate of its success al
though they confident that 1t viii pay literally The
cable. as We have said, has six wres and these
pable Of tranrmittng seventytw thousand words in
twentyfour hours. Now ths which II is proposed
to charge, Ia twenty-five dollars for every ten
words, and II all the wires are in constant
operation, the annual receipts win, at this rats
amount to sixty-fve millions seven hundred thou
sand dolars-sn almost fabulous amount. We are
authorized to state, however, that II all the wires
kept In constant operation the rate win be reduced
to the lowest possible fgure which win pay them fair
and reasonable interest IN the capitol invested.
The weight Of the great submarine cable will be eight
tons to the io making aggregate of about thirteen
thousand tons, which win require at least four Of the
largest sized steamers in its laying down. In this connec.
tion may state that there is at present building in
England, steamship seven hundred feet in length, and
capable Of carrying twenty thousand tons. Should
she be finished in tme she may be employed in laying
this gigantic cable II vonld certainIv ba Oood idea
10 employ the largest vessel constructed Ia laying
the greatest submarine telegraph the world has ever
heard Of
We have spoken Of the which attended all the
movements Of the company but there Is one remarkable
fact connected with It, which Ia still moro deserving Of
mention II was at frst feared that the inequalities
which were supposed 70 exist the bed Of the ocean