The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1858-08-12
The Atlantic Telegraph.

The following facts gathered from a let.
ter Of Cyrus w. Field, published in the sum-
mer Of 1857, in reply to numerous questions
put to him on the subject of the Atlantic
Telegraph, we find in the Washington Union
Of July 9th, 1857, and which we have no.
where seen in any of the papers In this re-
gion. At this time everything connected
with this great enterprise cannot fail to be
of interest to our readers:
The company have received the aid and
encouragement OF seven different govern.
ments--viz: Great Britain, the United
States. Canada, Newfoundland, Prince Ed.
ward Island, Nova Scotia, and the State Of
Maine.
The different aids granted to one or the
other Of the companies by these respective
governments are as follows:
GREAT BRITAIN.
/. Annual subsidy Of fl4,0o0 sterling
until the net profit of the company reaches
six per cent. per annum, on the whole cspi.
tai Of E350, 900 sterling: the grant to be
then reduced TO 10000 sterling per anuum
for period of twenty five years.
2. The aid OF two of the largest steam.
ships in the English navy to lay the cable,
the Agamemnon and the st. Jean D'Acre.
8. A government steamship to take any
further needful soundings, and verify already
those already taken. (Her Maiesty's steam
ship Cyclops has been already detailed for
this service.)
UNITED STATES.
4. Annual subsidy of $40 900 until the
net profits yield per cent. per annum, then
to be reduced to $4,000 per annum for &
period of twenty-five years, subject to ter.
mination of contract by Congress after ten
years, on giving one years notice.
5. The United States steamship, Arctic
to take and verify eoundings last year.
6. Steamships Niagara and Susquehan.
na to assist in laying the cable.
Z. A government steamer to make fur
ther soundings on the coast Of Newfound
land this year.
NEWFOUNDLAND.
g. Exclusive privileges for fifty years 0
landing cables on Newfoundland, Labrador
and their dependencies.
9. Grant OF fifty square milep of land OF
completion of telegraph to Cape Breton.
10. Similar concession of additional fiftN
square miles when the cable sha II have beer
laid between Ireland and Newfoundland.
IL. Guarantee of interest for twent,
years at Eve per cent. on 100000.
u. Grant of $4,000 in money towards
building road along the line of the tele
graph.
Is. Remission Of duties on importatio
of all wires and materials for the use of tn
company.
PRINCE EDWARD ISLAND.
IA. Exclusive privilege for fifty years q
landing cables.
Is. Free grant Of 1000 acres Of land.
is. A grant of G300 currency per ar
mum for ten years.
CANADA.
II. Act authorizing the building OF tel,
graph lines throughout the provinces.
l8. Remission Of duties on all Wirt
and materials imported for the use OF Il
i company.
e NOVA SCOTIA.
. 10. Grant of exclusive privilege f
9 twenty-five years of landing telegraphic c
!. bles from Europe on the shores Of this pr
vince.
STATE OF MAIZE.
90. Similar grant of exclusive privile
j. for like period OF twenty-five years.
If The exclusive right of landing submari
!. cables and wires which these compani
,. possess embraces a coast lins extendi
from the entrance Of Hudson's Strait
= southwardly and westwardly, along t
coasts of Labrador, Newfoundland, Prin
Edward Island. Cape Breton, Nova Scot
and the State of Maine, and their respect
n dependencies.
There is to be a line of telegraph fre
the State Of Florida to Cuba, and thence
the Gulf of Tehuantepec, on the Paci
ocean, to connect with the Atlantic Co
pany.