The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-08-23
I HE DISPA TC H
MoNnAY MORNING. AUGUST %. 1855.
THH CABLE I'M ENGLAND.

THE CABLE I'm ENGLAND.
Optntsn of the Lohdon Times-Pe-
cuniary Condition OF the COMPANY
-Condact Of the Enslish Opera
tors in America, &C., sc.
The English papers by the Arabia, give some
Cable news was received in that country. The
London Times commenting on the Intelligence Of
the grand achievement" says:
For tho purposes Of mutual communication and
OF good understanding the Atlantic 10 dried up,
and we become 10 reality as we'll az In wish ono
conntry. Nor eau any ono regard with indiffer-
euce tho position To which the Atlantic telegraph
has placed rs In regard to the great American
republic 1t has half undone the Declaration Of
l7f5 aud gone far to make ns once again, in spite
Of ourselves, one people. To the ties of q common
blood, language and religion, TO the intimate 1850
citation In business and complete sympathy on 90
many subjects. 10 now added the faculty OF instau-
taneous communication, which must give to all
these tendencies to unity an intensity which they
never before could possess
We are most happy that it has fallen to the lot
ef this country 20 carry out an enterprise in ch
human nature Is 90 deeply interested In cobcers
with the oily other nation on the globe in which
the hame OF science il famed and kept alive By
the breath Of freedom. Let those WHO are assem-.
bled at Cherbourg TO celebrate another develop
ment In the art Of destruction, aud to fete tho
threaten the independents aud prosperity Of there
Islands. reflect the Of the enterprise
which has thus been executed, aud turn from the
contemplation OF science degraded Into the hand
maid OF slaughter and devastation to science Rp.
piled to her legitimate Office the concilistor tbe
benefactress, aud the enbghtener Of the whole
human race. military monarchy has created
Cherbourg; political freedom and commercial en-
terpfise have made the Atlantic telegraph, and
they have nothing to blueh for in the comparison.
Immediately after the success OF the Atlantic
telegraph became known in Liverpool, the union
jack vas hoisted on the town hall Atithe Exchange
newsroom also similar demons tration WAS made
The cable shares are held At fl000. 1hs Times
after announcing the sudden leap from f340 to
fS0o, says:
The fnaucial and general position of the At
iantic telegraph Company now appears 10 be as
foitows:-Their original paid up capital ESQ.
O00 and this has since been increased to f456 000
an additional f3l 900 having been raised a asnort
lime back, and f75 600 In shares having been Gre.
ated to be handed over 10 payment for the exciu
sve privileges assigned to the company immediate
iy on the successful completion Of the undertaking.
Although the amount to participate in dividend i
s456,0oo the capital actually received s f3Sl 900
Out Of this the charge TOR the entire cable has
been paid. together with all other expenses aud
a small cash balance is still in hand applicable to
the current OUTLAY.
1t is understood that the only additional capital
now intended to be raised is the small sum that
will bring the total to f5v0, COO aud which 10 re
tablisbed. The colonial coneess. ons Of the comps
ny give them an exclusive right for fifty years
regards the Newfoundland Coast and the shores o:
Labrador and Prince Edward Island, and twenty.
Eve years as regards Breton Island. They have
also u similar privilege for twenty years fron,
the State of Maine From the respective govern
ments of Great Britain and the United States the
terms obtained are payment OF tl4,O00 Per an-
sages for fifty years, until the dividends amount
i per cent. on the original capital OF f350 000,
after which each government il TO pay $4,000 q
year. such paym to be dependent on tbs eff.
cient working OF the line. Previously to the fail
nre of the expedition. which called on the 4th OF
August 1857 aud lost 3S3 miles of cable, the f10G0
shares touched about fl5o0 or fl200, aud the low.
point has been $500, sale having been made
at that price siuce the attempt last June, when
there was an additional loss of 4S0 miles. On the
present occasion it appears that nearly 500 miles o
the cable remain, the total paid out from the two
ships having been oaly 2,022 miles.
The Boston papers are very much dissatisfied with
the English electricians at Trinity Bay. The Boo
ton journal says: They seem TO be an arrogant,
selfcouceited, self fopinioBated clique with the
genuine old fashioned John Bull prejudces against
Yankees and Yankee Inventions" The gist Of the
complaint appears to be that the English electri
clans appointed by the English stockholders VIII
oun the greatest proportion of the cable, are not
disposed to be dictated to by the American stock
holders, or willing to allow them more than their
just share OF direction. In this probably, they ac
ments of the Journal would imply that there has
bsen rupture between the English and the Amer
Ice managing agents 1t Gays:
'WhNe We rejoice, therefore, In the successfu
laying of the cable al extraordinary triumpi
of science, aud the opening of new era in the 10
tercourse Of nations, we look upon the result moi
so much as q success rs the harbfpeer of Success
1t is not for q moment to be supposed that thif
telegraph. owned and controlled by a British com
pany, Is to have monopoly of the telegTaphit
communication between the old world and the
new. The project Of an ocean telegraph origin
ated this side of the water and it Is safe to say
that while British capital has furnished the means
the telegraph would not have been established
without American science, skill and indomitable
perseverance,, which have largely contributed t.
the success that has attended the experiment -
But while British electricians are temperiDg with
the cable, and blunderipg with inefficient instru-
ments, American science demands more unre-
Iicted field for the exercise OF its pow ers, and
American interests call for more independent
iiue of telegraph to the old world. We want teie
graph which shall be wholly under our own control
and which goverD Dment eau use with con-
victon that its Communications are involable, sno
that it will not be turned against US in case ol
war"
The Traveller also a.sails the English electrcians
IT says:
"Their conduct is just like that which has at.
tended all their movements since the cable was
landed aud placed their charge. They may be
aud undoubtedly are, scientific men in their line o.
business, but evidently belong that class by Tar
too common in society. whose arrogance and super
ciilousness render them of little esteem in the
world, outside of their own mutual admiration
circle"
These assaults on the agents Of the company are
significant of no ver5 amiable state OF feeling be
tween those who do and those who want to man
age the telegraph. IS
From the Liverpool Times
No event of ancient or modern times can vie with
the importance of the great fact which We this
day have the qualification OF announcing to our
resders-the successful laying of the Atlantic cs-
BILE, and which We announced yesterday forenoon
Feued in erery respect ii tells US the Inhabitants Of
the Old and the Nea1 World haze this day entered
upon neso era--thst art and science have wrough;
fresh ~onders, and, by the magic touch OF the
electric fluid, we can bold converse with our mer-
camille correspondents or personal friends AUD
relations, although separated from Us to the exten
IF nearly ten thousand miles. The electric tele
graph irst manifested its poYer and influence Oh
land. 1t brought London and the provinces into
immediate communication with each other, and il
s,me degree impaired q few OF the advantages
which the invention was Calculated to csnfer upon
the whole universe From the United Kingdom 4
was extended across the chsnnei to the Continent
Ireland was next placed 10 instant communication
wisb L,ndou and nosc the President Of the american
Uaion can hail Queen Tictorin at Cterb0arg bid go0
morning to the ruler of France, dccosf the ktng o.
Bslqiuss, t u TIE Queen Of Spain that he dont Wani
Cuba except at fair price, intimate TO Austria ana
Prussia that tteir Ambassadors at Hastington ana
at their ports are in the enjoyment of good heath
Yea erers the Gar Of kassia can learn hoto the butd
tng Of his ,car steamers geton schserer ne makes
contract far their construction in the United 4afes
Merchants, too. eau know the "ups aud downs,
the speculative 1uctuatiou IN cotton, corn, Prov
sions. and all other commodities imported BY us
from America; whilst the go-ahead American ira
der wili not be slow to post himset up In the
movements of every article which We send cot u
the Western Continent.
Thus. then. the ruling soyereigns on the Eastern
side of the Atlantic will be we'll Informed OF whai
is passing fn most parts of the New World. Tnt
slightest political commotion in any State, repuo
tic or kingdom, will be waited across the entirt
length of the electric wires. An uprising ole
In the Southern States Of the American Union, u
fiibusteripg scheroe upon Cuba, an invasion o. CT
40 epseute IN Mexico, an attempt at III advised
and unsuccessful attempts at rebellion In any part