The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1858-08-26
The success OF the Atlantic TeIC-
graph Cable I'm Europe.


[FrOm the Liverpool Cor of the Associated Press.l
New YORK, August 20.-The decided sue
cess achieved In the laying Of the Atlantic
Cable recalls to our memory the desponden.
cy which, but few months ago, pervaded
the minds Of some Of the earliest friends in
the Company. We remember that after the
second parting of the cable, Mr.. Brooking,
the deputy Chairman Of the Board Of Direc-
tors, was violently opposed to proceeding
any further in the enterprise, and when he
found he could not bring his American COL
league and the acting manager, Mr.. Field,
over to his way Of thinking, he Indignantly
resigned his position, and withdrew from all
active participation in the proceedings.-
William Brown, Of Liverpool, another direc-
tor, was decidedly opposed to any further
prosecution of the enterprise. He would
not attend the meetings of the Board Of Di-
rectors, but wrote them letter instead, urg-
ing the Board to give up the enterprise as q
failure, sell out their property, and disband
the Company. Others of the Directors were
disposed to follow this advice, but Mr.. Field
stood out firmly against every proposition
looking to an abandonment OF the work.
He was sanguine OF success he knew no
such word as fail. He contended persever-
ingIy and successfully against the arguments
and fears of the croakers, and eventually
through the force of his own character, sec.
onded by the efforts Of others, he succeeded
in bringing a majority of the Directors to
consent to third trial, aud the result fully
justifies his sagacity.
| There has been some curiosity evinced te
know who are the American stockholders in
the Atlantic Telegraph Company, as well as
the aggregate amount of stock owned by
them. The last question we cannot answer
fully. The whole amount of the capital il
Eve hundred thousand pounds, of which
amount we are told Mr. Field owns ne-tenlh
that is, fiftv thousand pounds. How much
Of the remainder is owned in America We
have no means at hand just now to enable
US to state accurately. The following is ,
complete list of the American stockholders
Cyrus w. Field, Peter Cooper, David Dud
lev Field, Auguste Belmont, John e. Green
Wilson G Hunt, Jacob Little, A. M. Law.
renee, Mathew Morgan, Henry G. Mar
quand. G. T. Trimble, B. H. Van Auken
Most Rev. John Hughes, Estate of Morti
mer Livingston, Messrs. A. A. Law g. Bro.
Duncan, Sherman & Co., and Mrs. E. w
Perkins, all of New York city; E. r. Ste
vens, Saratoga Springs; and William Dare
of Montreal. ..... e..
There is very general desire to learn the
degree Of success which the electricians have
met with in transmitting the electrical cur
rents through the cable since it has beer
submerged, but as yet we have nothing be-
yond on unofficial statement from Valencia
that ii is possible to receive from Trint,
Bay about sixty signals per minute. If thi:
is truo, it would seem to indicate the posi-
blity Of transmitting by the system of Pro
!, fcssof Whitehouse about three words of av
erage length per minute, and by the system
of Professor Hughes, assuming that eact
electrical impulse may DO made TO print I
complete letter, about ten or twelve word,
per minute.
! We understand that the Company propos,
to give Prof. Whitehouse ample time to ties
his system thoroughly, after which Profes
sor Thompson will test his invention, which
is quite different from that of Prof. White
house; after him Prot. Hughes, Of New York
will have an opportunity to test the capabili
ties of his must extraordinary invention
which is, we understand, about to be intro
duced upon one Of the lines between Lon
don and Liverpool.