The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-08-21
LATEST NEWS.
TELE CIR A NJ S
RECETvED AT THE OFFICE THE
DAILY EXCHANGE
The Atlantic Telegrnph-Messnges Trans

The Atlantic Telegrnph-Messages Trans
| mitted.
New YORK, August 2O.-Mr Field sent message to
England Wednesday and received a reply to-day as
| follows:
VALENTIA, August 10
The Directors have just met They congratulate you on
your success The Agamemnon arrived at yalentia
O'Clock on the morning of the 5th. We just the
point OF charerng ship to lay the shore end time
| is to be lost in sending them out
| CARLoNEARE n. F. August 19.-The cable is working
beautifully A. Mckay at Cyrus station sent yery ex,
pct message to-day to the agent Liverpool respecting
the steamer Europa which damaged by the collision
| with the Aracia
New York, August 2O-Mr Field persists in his resig-
nation Of the active managership of the Atlantic tee
graph owing to impaired health and the pressure of
vate business
The decided achieved in the laying the Allan
TIC cable recalls to our memory the dependency which
but few months pervaded the minds of the
earliest friends of the enterprise, who among
the heaviest khoders in tine company We remember
that after the second parting of the cable Mr. Brookng
Deputy Chairman of the Directors violently opposed
to proceeding further in the enterprise and he
found he could not bring his American colleague and
acting manager to his thinking he Indignantly
resigned his position and Withdrew from all active parc
pauon IN the proceedings Mr. William Brown of Liver
pool another Director also decidedly opposed any
further prosecution of the enterprise He would at
tend the meetings OF the directors but wrote them letter
instead, urging the Board to give up the enterprseto
sell sell out their property and disband the company
others OF the directors disposed to follow this
advice; but Mr. Field stood out firmly against
every proposition looking to abandonment of
the work He was sanguine of success and knew
such word fail. He contended perseveringly and
successfully against the arguments the croak
and eventually, through the his own charac
ter, seconded by the efforts of others, he succeeded
bringing majority of the Directors a third
trial The result fully justifes his sagacity.
There has been curiosity to know who are the
American stockholders in the Atlantic Telegraph Com
pany well the aggregate amount of owned by
them. The last question we cannot answer fully. The
whole amount of the capital is $500 of which
we are told Mr. Field onetenth. That is ESQ 00O
How much of the remainder is owned in America have
means at hand just to enable
y, but the following is complete list of the American
stockholders:
Cyrus W. Field, Peter Cooper David Dudley Field Au-
gust Belmont, John c. Green, Wilson G.. Hunt, Jacob
Little, A. NJ. Lawrence Mathew Morgan Henry s Mar
Hughes, Estate of Mortimer Livingston, Messrs. A.
A. Law 4 Brother, Messrs Duncan Sherman 4 Co,
Messrs. Schuard and Gephard Messrs W. II. Sale Co..
Messrs. Phelps Dodge CO. Mrs E. W. Perkins, all OF
New York city f. b. Stevens Esq, OF Saratoga Springs
New York, and VIM. Dow Esq, Montreal Canada.
There is very general desire the part of the public
to learn the degree of which the electricians have
met with in transmitting electrical through
cable since it submerged but have nothing
beyond unofficial statement from Valentia that it is
possible to receive from Trinity Bay about GO signals per
minute
If this is would indicate the possibility
of transmitting by the system of Professor Whitehouse
about three words of average length per minute by
the system of Professor Hughes, assuming that each
electrical impulse may be made to print complete letter.
about ten twelve words per minute. 1t is
dersood that the Company propose to give Professor
Whtehouse ample time to test his system thoroughly,
after which Professor Thompson will test his invention,
which quite different from that of Professor Whitehouse
and after him Professor Hughes of New York. will have
opportunity capabilities of his extra
ordinary invention which is understand about to be
introduced upon of the lines between London and
Liverpool