The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-11-11

THE New TELEGnAPHIC ENTERPRIsE.-Mr Gis-
borne met the merchants of Boston at the Exchange
on Monday, and explained his plan for laying new
line of telegraph from Boston to Halifax. and here
after from the Straits of Belle Isle to Ireland The
leading features of the project are: The purchase
of the Nova Scotia Company's line for Sl20,ot0,
$4,000 for thoroughly repairing it, $3.50, 600 for
the Cape Ann and Yarmouth cable, and $1,000 for
the line between Cape Ann and Boston, with S92,-
900 reserve fund.
According to the balance sheet of the Nova Scotia
Electric Telegraph Company, for 1857, it appears
that the net receipts of their lines amounted to
about S22,500, and the office expenses to about
$l0,500, thus leaving 600 to cover repairs and
pay dividend. Mr.. Osborne says so soon as these
lines are put in effective working ORDER So 900 per
annum should cover all repairs and contingent ex-
penses, so that with the income of 1857 fair
dividend could be declared as it was four per cent
was paid to stockholders Since then, however,
the rapidly increasing business from Newfoundland
has been passing over the Nova Scotia lines via
Cape Breton, and now that the Galway line of
steamers is to call fortnighty at st. Johns, New
toundland the receipts of the Cape Breton office
at Port Hood must soon assmulate TO those of Hal
ifax and which now amount to $4,000 per
annum. -.
When, however, you consider that in order to
connect Yarmouth with Cape Ann, you simply in
crease your capital GOO, without increasing of
fee or other working expenses beyond 81 900, aud
that nearly all the business which now follows the
crcuitous route via New Brunswick and Maine, a
distance of over 700 miles, amounting to over S40,-
OuO per dHuum, must pass through lne ulfeCl SUD-
marine cable, it is unnecessary for me to dilate
further upon the subject. Reduce existing tariffs
between Boston, Halifax and Newfoundland one
half, and the proposed Boston, Halifax and London
Telegraph Company still pay dividend of over
10 per cent upon every dollar invested in the
terprse. So satisfied am |, gentlemen, of the mod
Grafton of these calculations, that should be will
ing to accept the entire cement of the enter
prise upon small salary, if allowed commission
of one per cent upon the capital after six per cent.
has been declared and paid upon the whole invest
ment of S400, 900.
Mr. Gisborne's proposition for the appointment
OF a comm lttee was adopted, and the following
named gentlemen were selected by the Chair Jas.
NJ. Beebe, Samuel T. Dana, A. A. Frazar, Thomas
Gray, VIM. Perkins. The meeting adjourned for
one week, to hear the report of the committee.
CosT OF LIVING IN INDIA.-The correspondent Of
the London Times in one of his letters says: was
anxious to know what were the expenses of a Ma
homedan yeOman. He says he eats three quarters
OF a seer OF rice day, which he values at half an
anna, three farthiDgs half chittack of salt,
quarter of pice, not quite half farthing; one
chttack of oil, ~ pice, or half panny; half seer
of milk, four pice, or three halfpence Fish, vege
tables, and spices, three pice, rather more than
penny. In all, 412d. But the Mundle Cor head
many is sometime luxurious, and INDUCES in fowl
AID this costs him pice, or Sd. He says that all
his household live precisely as he does 1t had been
ungallantly urged against the HindOo ladies that
they eat more than the men, and Mokeem Mundle
makes the same complaint against the hours of the
true faith. He explains it by saving they and the
children have nothing else to do, and they eat six
seven times day. Moreover, he saws thew are
fond of sugar candy, and this is an article that
must be procured from Calcutta.
A LEARNED FIREMAN.-The distinguished chemist
and mineralogist, Prof. Cleaveland known as ssthe
Father of American mineralogy," recently deceased
passed fifty years in the service of his college,
Honors were heaped upon him, and lucrative an
pointments were profered to him. In the midst
of these triunphs he chosen captain of an en-
CINE company in the village of Brunswick. He ac-
cepted the office and held it for than twenty
wears. He was always first on the ground, ALWAYS
managed the hose pipe, and always stood, when
duty required it, in the place of the greater expo
sure. AT the age of nearly eighty years, and with
burden of fatal disease upon him, he met his class
until the day preceding his death. From his family
devotons he regularly retired to his study, and
read his bible and commentary in course but upon
the subject of religion he was man of very few
words. ..... .....
THE LAND OF CoNTRARIEs.-In Australia the
north is the hot wind, and the south the COOL the
westerly the most unhealthy and the east the most
salubrous; it is summer with the coonists when it
is winter at home, and the barometer is considered
to rise before bad weather, and to fall before good;
the swans are black, and the eagles whte the
mole laws epps and has ducks bill; the kangaroo
IAN animal between the deer and the squirrelJ has
five claws on his fore paws, three talons his
hind legs, like bird, and yet hops on its tail.
There is a bird (melliphaga) which has broom in
Its mouth lnSI6du Vi toHSuej ISL, one DdlI Ue-
longing to the genus rara, and the other that of
soualus The cod is found in the rivers and the
perch in the sea; the valleys cold and the noun
tain tops warm the nettle is lofty tree and the
poplar dwarfish shrub; the pears are of wood,
with the stalks at the broad end; the cherry grows
with the stone outside; the fields are fenced with
mahogany; the humblest house is fitted up with
CEDAR and the myrtle plauts burnt for fuel; the
trees are without fruit the flowers without scent,
and birds without song. -
/ II
In consequence of the lamentabe destruction by
fire of the steamer Austria, the British Admiralty
have directed their attention to the prevention of so
fearful calamity board any of her Majesty
steamships, and orders have been issued for expert
ments to be made with Horsey's patent, which con-
sists of steam cock at the top of the boiler, from
which pipes extend all over the ship, that if fire
occur in any part of vessel, it may, by turning
the cock, be deluged with steam and extinguished.
The entire receipts, at the State Fair, Peters
burg, including memberships, donations, and adj
mission fees AMOUNTED to about $4,000, which ena-
bles the Society to ride easily through every con-
tingency, and come out with "a handsome surplus.
The amount of premiums awarded was, in round
numbers, $4,000 other expenses may be set down
at 81, 900. .l9of 10 7rh dl5' biz .tBn, i2di go.
"rogi sasdi bar aelati % .Ti