New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-12-08

Lie Ut Many under The oneecon o. VIC chSos
C,oyeumept. AID the bottom N the ocess bed esen
fund 20 =, % sf OF one uafsrn subsA nce-s mass OF
.i,a 90 minute that they eosld e>9 De seen oy .e
aid Of a MIR Jecure. These sounoings Prvves jug
X stepce Of hind Of plateau, rhiea scemeu ~ uss
been created sor the very purPoec 81 aging aoso
,.,ec,spbic cable the smelly stratum bang CONTINUED
de whole dstsace. Specimens OF the cso'e psopeu
10 Or lsd dowr bid be Submitted 10 May u ,n- ms
;s,;ngu;.lcd q, ein<ers Ia this coustry Rciaoing oe
~ ep,op BruLtl Bidder CLARKE and Crampfoo g ven
"A 10 MI Brett WHO Obtained the CONCESSION Iof oe ps'
subms rle tel. graph company ever iofmeu' aau " a.
S,,th.u NO Ian dev, ted more time uan any JUG
else in ~ word to lnsn a;ing copp<i m - !,
ri,,s purrcees, anc they ali agreed IN toinking uA
~o. sn,sef n. purpo a that me scheme "ss pei
sctl% pTncticasIe The persons who were pfonouns
the Undertaking had also been 90 'aecess N ",r
for the construction of be entire length q cape re-
nuued for the distance between Nestodndl and anu
Iceland, the contract being taken by Messrs hupeI
Co.. London; Messrs- Ncwall 4 TO-, Neweas"tr TN
I'VE: and the Guita Percbs Goa psny, London. iae
cable was 10 be onpleted and deposited on ooa,u
vessel by the 3lst May Ext in order that might oe
lsd down during the succeeding months oil June anu
july The Englsh Government hah &C gu WIN VIC
ntu ost lberaty II had already directed vesssi 70
he cent out at It's own expense To make iarher anu
thorough soundpgs, and 10 examine tue co ass
land and New Homeland, with the view 70 s'iect ue
be st places for landing the cable nsu aso ner
10 tusrAtes an interest Of four per cent per
a,uum on tie entire amount Of capital required 10 man
ufacture and lay down the cable. Ine way 10 rnSn
il proposed 10 do this was TO give the company
wear which WAS equal TO tour per cent ProNiieo 1o
h,eb ID r. did not receive more IN An SIX per cent
in which .se II would only pay AZ me same .ee ~
priyate individuals. He believed also thar the pttsu
t;o,ernment would even go further, ana iarnlsn uis
,unsuy with vessels for laying down the caole nee Oh
any charge In Liverpool, the enterprise hsd oeen
uct warm supported; up to tue previous n,su' .u
subsel ptlons in Tie {, WI had amounted 70 e
il was expected that they would De fuf'her ncleaseu
IN he .,tept of so COO In Glasgow, Also great 10,
e,.st was unaffected in 1t, and the LORD froVoss nan
called meeting OF the pr ncipa m rchants In oluel
TO leeei,e an explanation from one oil tue Pom'e's
of III. und. rtakng As soon as the required cspta
WIS Obtained, the shareholders would be called
together end would elect their own directors 10 toa'
they Nigh be assured that the undressing was NO. ~
the hanoe Of Spectators. That II would prove Ptou1
able investment there could be no doubt. Win the
present system of telegraphug, they could trassmu
through single line of wires fourteen thoisand toui
bundled ard four words every twenty Jour nours OUT
with the cooe which was beng prepared .hey Sou;u 70
10 transmit least thirty thousand words unin
that time be eel Europe and America The sharenoio
ers ouo themselves have TO CONSIDER "na' "ouio oe
reasonable charge for transmitting message acloss
the Atlantic btsring in mind that they couid nor
NJ pr,s.ut write q letter and receive an answer
from New-YoIk 10 less than ~ days, ana nom new
ORR. ans in less ihau twice that period Many persons
might assert that the scheme was visionary, gu. le
san wa. AZ ope time said of crossing the Auantl In
steamers Tie feat was nevertheless accomplished
then ard he believed that in this instance there we
10 et CHEERING or other difficulties winch could not oe
overcome -, :. ...;.
MIR. j. Brett. who is so well known in connection
with submarine telegraphs next spoke IN support Oh te
scheme X was uncoubts dy Work Oh great ma20i-
mce eco miles and upward OF wire naa 70 oe
prepared in a few months; but ne oeuNeu 'nae ~
would be accomplished and that dur Dg the summer OIL
1851 the IL egr ,h communication between this country
and An erica would be completed. Bu' not only was
this sy,tem Of commune alton being extended 10 the
westward; it was being carried Tor ~ard Nnh srea'
rspldlty ia the east. During the coming year, Mails
Corfu bid Egypt would be joined to London; aad WITH
in three Years he expected that the line would De ex-
tended 10 In the latter country 4O0O miss oil te'e'
graph had already been erected, ana oV more were
now in progress The United States Government had re-
Gently selected Of their best officers " make turther
sundngs in the Atlantic and their arrival reand
short tine since, they informed Mr. Field that toer
opinion even more favorable than before ~ 70 the
suabIeLess of the plateau for the reception VI the caoe
Mr. Field IN ~ qu. sons, stated that tue nrst
sour dipgs made in 1852 not for any purpose con-
Dected with the laying down telegraph; but Lieut..
Maury was even then 80 mucd struck win ne extra
oiuary nature of the plateau that he designated II
"tbe telegraph plateau" The persons Interested In
the Company who had spent in oh aiming ex ;h'
five right and had consented to receive
no coueIsati, Until the shareholders had received
ten Ter cent dividend their money, aud until Oil the
working eApensts had been cleared on; alter wnicn
Il ~ would take on.balf OF the net Pron's then una
ostd Of The capital required 10 manufacture ana lay
down the cable at first estimated at t3oOO0O Dut
owing 10 the great competition for the const OF
the cable there had been considerable reduction in u
persons COL nected with the Britss Government that 1t
ould place ut the Company disposal two vessels for
syrg down the wires. In this case the actual cost Tor
the completion of the undertaking would be less 70 sn
e25OOtO. If they only calculated aPon sending D"S
words per day, il would give them 700 messages OF
20 words each after allowing IN words Tor ne saufess
date and signature. The United States Goyerrment
had nc been asked for any guarantee yer out sney
had granted every thing that had hitherto been sed
At the same time the shareholders must not reckon
upon receiving any guarantee from It, because the
Company might not perhaps obtain 1t: Inc charges
for The transmission OF messages had not yet been
fixed; but he (hr. Field was not in favor OF theu
being high. When once tie cable was laid down they
would incur expense beyoDd the support Of the es-
ablsLment at either end and ii therefore desir-
able that they should keep the wire employed during
the whole of the twenty four hours. II they could
get sufficient number Of messages at e., he would
receive them At e. at l0s., and rather than
have the wire unemployed, he would come down to the
penny postage system.
The Chairman, on behalf of the Chamber, thanked
the deputation for the statements they had given;
after which those gentlemen left, anc pro
ce.dod TO the York Chambers, where they had 40
INTERVIEW WITH THE MANCHESTER COMMERCIAL
ASSOCIATION.
Mr.. James Asphalt Turner President OF the Associa-
ton occupied the chair, and there rather
attendance of members. The deputstion having
been introduced by the Chairman, Mr. Field rccsPfu.
lated TO great extent tue statement which he had
made at the Town Hall. In answer ~ questions, he
said it wss proposed that, when the cable was CON-
pleted il should be taken in two vessels to the center
Of the Atlantic, where the ends would b ted
and the vessek would then proceed respectively toward
America and Ireland paying out the cable at the rate
of h0m eight TO ten miles per hour. The months of
June ana July had been selected because during that
portion OF the year there were scarcely ever any storms
in the northern part OF the Atlantic The strength Of
the cable had been tested with four tuns and there
was no doubt that it would answer It's purpose in
that respect When laid at the bottom Of the ocesn
it would in time become incrussed, but this would