The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1858-08-27
ATLANTIC TELEGRAPH CABLE.

The stock of the company is divided in
three hundred and fifty shares of one thou.
nd pounds each. The ch rier of the New
York, Newfoundland aud London Company,
c"nfrrring upon il the exclusive right to land
telegraph cables IN the shores of Npwfound-
land and other parts of North America, and
Tor t" enty-live years 10 do the same thing on
the shores of Nova Scotia, was made over to
The new company, together With all cOnces
slons bearing upon the undertaking which
may be hereafter obtained; and all the patent
rights ot MrsSrs. WhitehOuse and Bright,
electricians, which in any way concerned the
working OF instruments in marine clrcuits OF
great length were pruspeeiively secured toit.
In order that the capital subscribed might
he entirely applied TO the immediate object
OF the undertaking, the projectors, Alessrs.
Brett and Field, and Messrs. Bright and
Whitehouse, CONSIDERABLY arranged that
tor the privileges assigned, and dcnupensation
Tor pnst expenditure and exprtions, shnnld BE-
lett entirely dependent on the successful re-
suit of the undertaking. The final agree
ment with these gentlemen was, that upon
attaining success, n hult-yeary dividend OF
en- per cent. per annum on the capital should
first be paid to the shareholders, and that
then onr-haIf of any further profit should be
given them, and the other half BE- retained by
the company, il having been estimated, upon
very moderate computations at the probable
amount of revenue, conjnlned with II consid-
rratiOn of the comparatively small working
expenses where there can only be two for
mal stations to be maintained, that very
satisfactorily result might be secured to all
parties upon this ground.
The proportion in which the shares were
taken were one hundred and one in London,
lightweight in America, eighty.sx in Liver
pool, thirty.seven in Glasgow, twenty-eight
in Manchester, and the remainder in other
parts of England. George Peabody, Esq,
the American banker in London, has been
ono of the most liberal and devoted friends
of the enterprise from the start.
When the telegraph sailed on its last and
fortunate mission, the 900 shares in the
undertaking were offered for sale, in the Lon
don share market, at G350, aoithoM buyers
The successful laying of the cable no doubt
raised the shares to par value, and should
further experience prove its capabity to per-
form the work expected Of it, they will soon
command high premium.
The cost of the cable laid between Ireland
and New Foundand is given as follows:
Price deep sea wire per mile, ............... 5000
Price spun yarn and iron wire per mile, 265
Price outside tar per mile ................... . go
Total. s4s5
Price 10 miles deep sea cable, at 81 45O per
For rs miles shore end at 81 45o per mile. " 1880
Total. ......................"..$ $1,2oS'25O
LET THE AcToRs RETIRE.-I'he South.
ern League movement is, SAYS the Richmond
South, n failure. II il dead, and, like any
other corpse, should he speedily buried out
of sight, lest it tnint and pollute the atmos-
phere. We do rot regret its early demise,
for it was an unfortunate conception from
the first, and was burn into the world Mt
most unfortunate and inauspicious period
At an earlier or at n later day its fate might
have been different. The time has been when
such nm enterprise would have enlisted much
of the talent and energy Of the SOUTH and
such nn occasion may again occur. Just now
it meets with no favor IN any quarter, except
from the corpnral's guard that initiated the
Every other man Of mark and
merit in the Southern States has given il the
20 by, and the papers, with an un"xnmprd
condemn it as iltimrd and mis-
chievious The gentlemen who pr"pounded |
il would act wisely to give up further effort |
in that behalf, and Withdraw themselves as
quietly and gracefully as practicable from the
public arena, where they can only hope to
meet with opposition and unfavorable crti-
cism. When politician is hopelessly de-
feaied, the best thing he can do is to retire
and hide his shame from the pnhiic eye; for
his presence on the stage only tends TO draw
down on his devoted head .empest Of re-
ptoach and ridicule. When play is damned,
or an actor Missed, the one must he with
drawn and the other must retire, else the
house will resound with Kisses and other un-
pouivoca tokens of dissatisfaction and dis
approval. Let Southern Leaguers learn the
lesson.