The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-11

British Repudissisn- British Unslcrvv, isers-
Tia TransasaaStac Telegraph Gable.
Attention having been geneI ally directed to
the letter from Cyrus w. Field, published in
the HERALD the other day, and relating the mis-
adventure of the TRANSATLANTIC Telegraph
Company, it may be we'll, to avoid misappre-
hensicn, that the facts be fully stated.
The cable lost between Newfoundland and
Cape Race was insured for fifteen thousand
poundsin England. On receiving the account OF
the loss, Mr.. Peabody of London applied to the
underwriters, and received no satisfactory an
swer. MIR. Field going to London shortly al
terward, renewed the application for the
amount of insurance. He called upon one OF
the chief underwriters, Mr.. Cumming, with
letter Of introduction from MIR. Peabody, and
was told that the individual in question did not
want to zee him; he left word for Mr.. Field to
state what he had to say in writing He
called upon another, London merchant Of
standing, named Thornton, who wished him
the compliments Of the season profusely and
told him he hadn't time to listen to him on
he subject OF the cable; desired him to
write out his views, and they would be
considered. Mr. Field proposed to submit the
case to arbitration; the offer was refused. Mr..
Field offered to leave it to any single English
man whom Mr.. Peabody or the Messrs Barring
would certify to be an honorable man; this
was also rejected. Disguised at last with
the equivocat;on and unfairness with which
his advances we're met, and heartily cured, by
the rudeness of Messrs. Cumming and Thorn
ton, Of any desire for further personal inter
course with men who seemed determined, ii
possible, to repudiate just claim upon them,
Mr.. Field instructed his counsel to institute
legal proceedings against the forty-three UNI
derwriters for the recovery Of the money
due the Telegraph Company.
We here publish the entire policy Of insur-
ance, with the names of the underwriters, for
the benefit of the commercial community OF
this country, and of those who are in the
habit of insuring in England:-
$4,000.
In the name Of God Amen ALFRED LAMING Co., as
well in their for and in the and Of
DOTH ray shall gpper tain Ia part in all dotn Aka
assurance and cause themselves aud tnem and every Of
10 ports or places n Newfoundland and from thence to
ports places ia Britain Island Nova ScoiaJ It
derstood that sesmer or Gamers are to be in attend
the ship from the coast Of Newfoundland to Br
tain IsaLd, Nova Scotia. Upon any kind of goods ana
merchandise aud also upon the body, tackle, apparel
ordnance munion artlery boat ard other furniture,
the good ship vessel called the Sarah By
ant whereof is MASTER under God for this present
age whosoever else shall 60 for master ia The sail
SUPP or by whatsoever said ship
The thereof is shall be named or Called be-
discs the loaopg thereof aboard the sai ship [as
above] upon the sail ship, &C., Including all risk OF
craft and 30 shall continue aad endure, during her
o1s I've AMI
tie raid ship, with ali her odnar tackle apparel &s,
goed and merchandise whatsoever shall be arrived
ut as aforesaid upon the said ship &C., until she Ia n
moore At anchor twenty four hours in good safety and
the goods and until the be thsre
discharged and sAey landed Ana shall bs lawful tor
the said ship &C., in this voyage to proceed and sail TO-
and touch stay at ports CT places whs soever
without prejudice TO this insurance The said ship, Is;
goods and nercbancises, &c. tor so much IS Concerns
the assured by sgeement between the assured and
in this pohy, are and shall be valued at Fifteen
same to be aid down between and Bcitsia
Island, Nova Sc )a all risks by the ayIg down
Of the cable to be borne BY The Touching
teaed to bear and take upon in this voyage they
are Ct the seas men CT Ie enemies pirates rovers
prisals, akngs at arrests, restraints, and detain
msn's Of all kings princes ard people. Of what nation
condition quality soeve-, barIary Of the master and
mariners, and OF all other peis losses aud ms:orunes
that have shall to the hurt, det.nent damage
part thereof And in Of any Losses misfortune II
shall be lawful the assured their factors servants and
agents. TO labor and travel for in and about the de-
fence safeguard a.d recovery Of the said goods and
cha Noise AID ,hp, Is, or any part thereof without
prejudice to this fDsurance; t, charges whereof
the assures, will contribute each according to the
rste quantity Of his herein assured. And it is
agreed by rs the insurers ha. this writing poll Of
shall he Of much force and efec. the
voting policy of heretofore IN
Lem ard str, in the Royal Exchange elsewhere
London And tie RssuteTs, oonented, and do
hereby premise and bind elve each To- his part
heirs executors fnd goods to the assured their
ecutore, administrators and assigns FIR the true
Torrance OF the prerisss nfesspg ourselves paid tae
considerable unto tor tbs BY the
cured at and after the rate Of four guaeas per cent
10 witness whereof the sssuress has subsc bed
names and sums assured In london.
VIZ. S,one PER J >. X. Conner ............G2oC eco
r. Duisnt, per j. 3. X. Gamer 1000
W. f. d. Cumming, per j. s. h. Conner. ......... 200j
Daniel Mackenzie Iiscombe. ................. 500
j H. E. Roc ocanachi Observation-Disclosures. 80
p. Hava OBSERVATION-DISCLOSURES. 300
T. +. Lcgrapdi Observation-Disclosures. 800
+. Mussabi6i Observation-Disclosures. 800
W o. Young Observation-Disclosures. 200
g. w. Beck with Observation-Disclosures. 200
G. Reynoles. NEUTRALITY-SUSPICIOUS.. 200
NJ Schunch, Fer +. A. Elliott ................. 800
J. Souehay Observation-Disclosures. 500
c. Walton, Jr., per W. Prockter. ............. 800
W. Wslton, per W. Prockter., 800
a. y. Mnhlnson ACKNOWLEDGEMENTS. loo
A. D. Wilkinson. ......,,.................... $50
Morris West. NEUTRALITY-SUSPICIOUS.. 100
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