Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-08-13
From the Dh'nsr. Au-ust ~,
60 .sr

From the Dnnsr. Au-ust II,
Gen. ZOIhc0fEerss Speech.
In bis speech At The ,pi,ol on Salurd4y night,
Gen Zolliccer said be had not expected 70 be call
ed upon for q speech. he had come merely az a
spectator attracted by the crowd, and the splendid
FIRE works which they bad Witnessed His feelings /
we're perhaps not 60 jnibant as these Of vast ma
joriy Of those present If that which the telegraph
tells Us Is truehat the great Atlantic Cable. three
thousand miles long has been laid at the bottom Of
the ocebn, connecting EErnpe with America pPrne.
nently, ard simultaneously ~ lightning hne Of
inielligenee Il is gui6cent achievement OF scenee
and enterpr se-the commencement Of q new era IN /
the physical world the results Of which are momen-
tous 10 cur great country. But gheher these re-
suits are TO be beneficial baneful to our CONNER
cial interests, remains 10 be determined, and he
confessed that be felt disrustful and uncertain.
As g success Of science and enterprise, ne hear'l'
" rejoiced in it. Aud every American ciilzeh /
should do So because the success was strictly Amer
icaB. The mind which conceived the idea the
science which eucidsed It's pTseticabihiy' ana the
enterprise which put il into ezeou'lon' were q"
Americans Morse, who invented the eIeetrlc tele'
graph; Maury who wrought, silently II his ooserVs-
lory in the great work of his, win5s and currents
vision Of the 'telegraphic plateau al the bottom
Of The ocean; Bern man, who made ire deep sea
soundings, verifying that discovery anu Eesr
Cooper, Field and oIhers, oapitslIsis' v puI me
grand enterprise on foot. are all Americans ne
Aretie United States stesmer' gave the hrst
government aid 20 the great achievement- D1t l.
really seems that after ALL the Birth lion has laid
his paw upon The property Of the Whoie concern
The lands both ends OF the cable IS brltlsh SOIL
The CO bic appears 20 be owned ia CHIEF by BRUSH
capitalists; and the Law which regulates 's aoion,
is framed BY the British Parliament for the asoen-
danoy Of British interests.
Hebad felt lively interest, from The beginning in
this enterprse and he begged leave to state frankly
what he bad observed and tisreHeoions uponthe fact
before the country hat is that when the American
projectors had sasfed themselves that teleg aphic
cable might successfully be laid from the Of
New Fouudl and to thst Of ireland had secured 10
be taken barge msjoriiy o. the stock supposed to
| be necessary they went 10 England lin 1856 and
! made contract with the British government-fo the
! feet that il the government Ct the United States
/ would comply with similar conditions, the British
government would engage TO furnish tbe aid of ships
In taking soundings aud laying the cable ADD from
the time Of tie complexion Of the line. pay so 900
/ a wear as a remuneration for transmitting goEerns
ment dispatches, until the nett Profit OF the con-
/ pany eoUslled per cent per annum upon the caPi-
tai invssted-(the capital being Fixed at 81 $50 0O0)
/ and then $50 900 q year for twenty Eve years;
/ the governments of Great Britain and the United
States 10 have priority (sntto be placed upon
equal foonngs in the conveyance Of their messages,
| over all others.
Those gentlemen then returned to Washington,
Tin the wine r of 1867 and laid before the Amer
/ lean Congress communication from the Lords Com
missioners Of the Treasury Of Great Britain. dis
| closing these facts, and asking that the United
States would auee 10 the same conditions, and en-
iov an equality Of benefits with the British Govern
| menL A struggle ensued over the proposition 10
| Congress, and he exerted himself for its success
! He secured an amendment TO the bill guaranteeing
to all citizens Of ,he United States equality of rights
in the use of the Atlantic Cable, aud the lines Of
! telegraph connecting with It. with the subj cts of
/ Great Critsin, aud among themselves. This was
intended to project the great planting interests The
! bill hecame Law. aHd the government Of the Uni~
ted States has subscribed its SO 90 q year. and
sent its ships lay the cable; upon the condition
that il is TO enjoy equality Of privilege with the
government of Great Britain in the transmission Of
| its dispatches Oy, the line.
/ But recently it appears that the British Parlia-
! ment has taken the matter in hand and passed an
act increasing the capital stock S., 600 900 Civ
! ing single director. 10 he appointed By the Lords
! Commissioners of the British Treasury, veto
power upon ever act Of the company, giving 10 the
Bristish Government absOlue priority Of right
over all others provided that the company may, in
their discretion, confer like priority upon the
! government Of the United States, subject to the
veto power of The British government director, or
! TO any change of purpose by the directors OF
/ The company. Here is a stupend"us breaking
/ Of faith, and what docs 1t Iortend? He pre-
! sUmed II E0uid appear that that increased STOCK
had been secured by shrewd Brish capitalists, that
they might elect aud control the directory, and as
| nearly two thirds Of whole exports are pur~
chased in the Prilish Possessions. England alone
taking about SIPS 600 coo worth of single article
our cetton-it was fair 10 presume IhatS those
shreWd capitalists would make his stock pay,
not merely ia dividends but in giving them lnesti-
/ mable advantages in our markets. What would a
/ a few hours the start in information be worth 10
Greai Britain. in he rise fall Of cotton, or other
| American produce lie trusted all may turn out
veil, but he confessed he felt apprehension, and
must he excused for frankly expressing it, though
he rel Diced with those present in the great achieve
meut, a wonderful success Of science and enter
/ prise.