Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1858-08-27

L@NAes
Prom Liverppi O. rrespsudeut Of the A~ssscisted Press
NEw YsRk, August 2O.-ibe decided sue
cess achieved IN the laying Of tue Atlantic
cable, recalls to our memory the dependency
which but a few months ago pervaded the
minds Of some OF the earnest friends Of the
enterprise, who were also among the heaviest
stockholders in the company. We remember
that after the second parting Of the cable, Mr..
brooking, the Deputy Chairman OF the Board
OF Directors, was violently opposed TO pro-
ceeding any further in the enterprise, and vhen
be found be could not bring bis American col
ieague and the Acting Manager, Mr.. Field
over TO bis way Of thinking, be Indignantly re-
signed bis position ana withdrew from all ac-
tive participation in the proceedings. Mr..
william Brown, Of Liverpool, another Di-
rector, was also decidedly opposed 70 any
further prosecution Of the enterprise. he
would not attend the meetings Of the Board OF
Directors, but wrote them a letter instead, urg-
ing the Board 20 give up the enterprise as a
failure, sell out their property, and disband the
company. Others Of the Directors were dis
posed TO follow this advice, but Mr. Field
stood out firmly against every proposition look
ing to an abandonment of the work. He was
sanguine Of success. he knew no s1ch word
as fail" He eontended perseVeringly and sue
e~essfully against the arguments and fears Of
The croakers, and eventually, through the force
Of his own character, seconded BY the efforts
Of others, be succeeded in bringing a msjority
Of the Directors to consent TO a third trial.
The result fully justihes his sagaeity.
There has been some curiosity evinced, 70
know who are the American stockholders In
the Atlantic Telegraph Company, as well az
the aggregate amount Of stock owned by them.
Tie last question we cannot answer fully.
The whole amount Of the capital is f500,O0
0f which amount, we are told, Mr.. Field owns
one-tenth, that lie, $4,000. How much Of the
remainder is owned in America, we have nc
means athand Just pow, 70 enable ne to state
accurately.
The foilowingis a complete list Of the Amer.
lean stockholders Cyrus W. Field, PeteI
Cooper, David Dudley Field, August Belmont
John e. Green, Wilson 6. Hunt, Jacob Little
A. NJ. Lawrence, Mathew Morgan. Henry G.
MaFguand, G. T. Trimble, B. n. Van Aiken
Most Rev. John Hughes, Estate Of Mortimsl
Livingston, Messrs. A. A. Low & Brother
Messrs. Duncan, sherman & Co. Mrs. Z. W
Perkins, all Of New York city E K Stevens
Esq, Saratoga Springs, n. Y; Wm. Dow
ESQ, Montreal, Canada. $50
there IS a very general ds@ part O.
the public, TO learn the degree ofFSREs whiel
the electricians have met with in Transmitting
the electrical currents through the cable sine
it was submerged, but as yet we have nothing
beyond an unofficial statement from Yalentls
that it is possible TO receive from Trinity Bal
about sixty signals per minute. IL this is true
it would seem to indicate the possibility o
transmitting, by the system Of Professor White
house, about three words Of average length pc
ninu,e, or BY the system Of Professor Hughes
assuming that each electric impulse may b
made to print a complete letter about ten o
twelve words per minute. We understand tina
the company propose to give Professor White
house ample time TO test his system thoroughly
after which Professor Thompson will test hi
invention, (Which is quite different from tina
Of Professor WhitehOuse > aud after him, Pro
fessor Hughes, Of Sew York, will have an op
portunity to test the capabilities Of bis mos
extraordinary invention, which is, we under
stand, about to be introduced upon one of th
lines between London and Liverpool.