Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1858-06-29

CT was submerged between tagiiara and
Algeria in the greatest ricrflIs OF the Med
iteTranean In Depths. In fact. which was
~ one time eohsidered impossible 70 pas
with q -uhms me cattle. Npw all this has
been effected snl IN the most succe sgsri
manner tut the work which the Atlantic
TELEGRAPH Company hnve undertaken IT D
work OF greater m8guituIe. and therefor
more Gilieult from it, isiag attended with
mere rick and liable - more accident. BE
fore assentiug 20 thu Il Is vel t. losk into
The circumstances which caused t.a failure
Il the enterprise last year. aud let Is ask,
is there a ioutt Ia the mind II uv al II
all aaquairted with aio-. eirr fsi% Afe. if
regart To the success e the expe ion had
the machinery proved as perfect and ~ well
adapted ~ IA. work rs il -houii have been.
With def.cf,ee breaks, detective wheels.
lefectiss igJleatOrs-in q word with de-
tcciil = machinery altogether 81 w0u16have
been little less than q lnirs' iu.I that ev-
petition succeeded Iiut It e. absurd to PRO.
luce thosc facts "a proof against sl,ecess n il
time. when oil the eoudIt ons aHi eireurn-
sLa are different and when experience
Ia. proved the practicahiliiy of the under
tai 10. But. after all. abundant proof on
TINS point viii be found throughout the ar-
,icie What ". have now more immediate
IL to DO with are the result that must fol-
NV the success oi the enter prise. In the
first place. then, lie. u -a} that the position
pf the United S,ates gives "a treat adyan-
t4ge II. ore PORT .. view over the nations
.t the Uid World TIE sun + as between
fye and SIX hours laten rge' % that
news which il Transmitted 5e0l I1rape at
two o'clock in the alternoea a.r-, reach ~
about EIGHT or Mn o'clock ou tn. morning
Of the same day. lhu4, the Lcldon En-
ciau9e closes at three o'clock. and as n Q
difference in slime between the British cap
ital aud New York Is ioar loars and Tofty-
i've minutes, we viii iear8 the pg.cr Of con
-ols ut eleven o'clock Ia the morning. III
time for our operation III Wall street. The
movements III the London and Now York
moaoy markets Will. therefore, appear III
the evening edition oi the New York Merald,
he same day on which hey take place.
tn. Bf;tisi, Parliament generally ats as
late a. on. OF two O'Clock, and their seaa-
sions AZ. somctimas prologc3 I'll three oclk
IA the morning, but the result of their &c
alterations will reach Us IRON ten To Twelve
o'clock OF the preceding NIGHT, time enough
- b.. published in She II oii OF tho next
day, simultaneously mJih tte report Of the
London Tines Iher .a .'ur great mer-
camille nrms cal sgai 81 W rtler4 through
the cable to I'ticyont part Of Europe, and
eo~untcrmaui them " III tic sIme rapiiitv.
But porh.pa the strongest proof Of II value
in commercial way :. that afforded iv the
financial rcyui-loI. ~ . tact Of WHICH
the panic iurn'4hos Il ur liant evidence alt
- -. -. - H. ---l.4 49,. -. lE
,en:a between the two coupttic, ia re9arl
To The progress Of the iepr-s sion, million IT
ioil,re might be saved to tho fightiui own.
ur-, and much VI the bankruptcy and riia
prevented. There were mes on both SIDE
Of the ocean who weiv engaged III heavy
Mercantile transaction, tld WHO woult
linriy have paid twenty thousand dollar
lpr tho privilege Of sending . dispatch 4;
their agents. Draft 70 Ito amount 81 M,
,,ons we're received IN Ia. nent On firm
hut d ioa days betory the . liyal OF til. siea-
ne. that brought tn terrible new OF thel7
Insolvency. II is alm"s, n@.e,liess 10 state
that such things cor hardly occur whca
tolerc3nt!, eommdai1at n "a aettubshe,t
bttwe.a the two countries. Ihc same re-
mark ofcour=e apple "a vel, Ia the othel
countries Of I,uopc, With which the United
stat are Ell gagci ii commercial intefe
urst. There - Esr point whi'il i.l-t
not be osct!oet n tiil4 connect .ni ~
IN tae accounts that .ri'i b. published I,
,he pres on hoih sltes 90 Tie ucca il. coz
-ell.cute Of the limited capacity Of one able
must be fety trict. but they VIII contain
the principle features oi interest aa! IA
rnrtat.cc. The pab.lc VIII not bow eYer. u.
limited very long to Il l'ne Tor the frt
tha: shall have tcen iltd viii Tot be ~ 80
cess.pl operation two years. before Others
will be put DOVE. lnls VIII Be- scad,tel
necessity by the demands Of business Mon
would keep Il dozen cables empioycd.-
Every merchant ia the United States who
does business wit any part of Europe will
be obliged TO Ese 1t 4 nc would not be lett
t'eAind BY his conn %etit1ss N trade. Then
The Telegraph Couli any VII have TO Meet
the 3einenis not oHis OF 'hc business com
!uttultE, snt oi pgiYat' iniEtlaai, the press
and the government Nh!ca have entered
into ooailie;- with 1t. Now VIII" pfetead-
that enc cable would be surste ent to do al
this business: oy that two + three, or halt
a dozen .abita w"uil be enough What
enough with thi~ty-fhrr thoU-tn} miles OF
telegraph ii 1aivriei ai4i iortv-two thou
sand IN Europe" The thing J absurd =