Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1858-08-21
FURTHER NEWS BY THk ARABIA.
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NhnS ID ARABIA
NEW YoRK, Aug. 20.
The decided success achieved in the laying Of
the Atlantic Cable recalls to our memory the des-
pondency which but a few months ago pervaded
the minds Of some Of the earliest friends Of the
terprise who were also among the heaviest stock
holders in the company. We remember that after
the second parting Of the cable Mr. BrOOking, the
deputy chairman Of the directors, was violently
opposed 10 proceeding any further in the enter
prise and when he found be could not bring his
colleague, Mr.. Field. his American Colleague, and
the acting manager, over TO his way OF thinking
he Immediately resigned his position and With
drew from all active participation in the proceed
ings. Mr.. Brown, of Liverpool, another director
WAS decidedly opposed to auy further proceeding
Of the enterprise. He would not attend the meet
ing Of the directors. but wrote them a letter in
stead Of urging the Board to give up the enter
prise as falure-seil out their property and dis
band the company Others OF the directors were
disposed TO follow this advice, but Mr. Field stood
up firmly against every proposition looking to an
abandonment Of the work. He was sanguine OF
success He knew no such word as fail. He con-
tended perseyerinslY and successfully against the
arguments and fears Of the crOakers, and eYedtual
" through the force Of his own character second
ed by the efforts OF others, he succeeded in bring
ing q majority Of the directors 10 consent TO =
third trial. The result fully justies his ssgaeity.
There has been some curiosity evinced TO know
who are the American stockholders In the Allan
tic Telegraph Company as well as the sggregAts
amount Of stock owned by them The last quea-
ton We cannot answer fnly.
The whole amount of the capital Is 15OO 600 Of
which amount we are told Mr.. Field owns one
ten h ESQ OOOj, how much of the remainder is
owned in America We have no means at hand
just now 10 enable us to state accurately.
The following is . complete list Of the American
Stockholders;
Cyrus W. Field, Peter Cooper, David Dudley
Field, August BelmOat, John c. Green. Wilson @.
Hunt Jacob Little. A. u. Lawrence, Mathew
Morgan, Henry G. Asraguand, G.. T. TrimbAll, b.
II. EsnankenmOst. Rev. John Hughes, Estate OF
Mortimer Livingston Aessrs. A. A. Son Bros,
Duncan Sherman 4 Co., Schuchard 4 Gebbard,
W A. Sale & Co, Phelps. Dodge & Co., Mrs. +.
". Perkins, all Of New York City. Z. r. Stevens,
Esq Saratoga Springs, n. Y; VIM. Don, Montre-
al &. E.
There Is q very general desire on the part Of the
public to learn the degree Of success which the
electricians have met with in transmitting eleetri
cal currents through the Cable since Il was sub
merged, but as yet we have nothing beyond IN
Official statements from Valentia that il is possible
10 receive from Trinity Bay about 60 signals per
minute II this is true i. would seem 10 indicate
the possibility of transmitting by the system Of
Prof WhitelOuse, about words Of average length !
per minute, or by the system Of Prof Hughes,
assuming that each electrical impulse may be made
10 print complete letter, about ten twelve
words per minute. We understand that the Com
pauy propose to give Prof Whitehouse ample time
to test his system thoroughly, after which Prof
Thompson will test his invention, which is q1ite
different from that Of Prof. Whifehouse, and ateT
him Prof Hughes, Of New York, will have an
opportunity 10 test the capabilities of his most
trsordinary invention which, we understand, is
about TO be introduced on one ofthe lines between
London and Liverpool.