The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-23
Extension OF Submarine rsiegraps.

LID sEA NEUTRALITY-SUSPICIOUS. TELEGRAPH LINES
ana IuIon GovkRyMAST TAXES UP THE WORK
r.lsoRAPBISa FEoa ENGLAND TO ffANcE-Bu-
TIsH AID 10 TuB coMPssiss, arc
ulHgSArH cUnrAsf.
nsppcars that agTtenn. has ecsn entered io,o 20
TIE lorou Of the oe@sufy so1 zoe soove conpauy
frF abe rguauucpou OF lns Of teicsrapo ron Aek%n
uts Kosiarhse, by the rel Sea ana Aoeu Ice yer s
a the agresmtrtare 70 the effect taAi capital Ha eK
ct,dps sSOol co ANAL b raised Of ~ach use per cent
a tie Whole spuubi .vbsorined Dgst os paid up iorso
srp rbs tessey are 10 edar.bio f.ae o. I-lef.ss
On she srnOuLt CspiR pad dp from uuie 70 nme W "a
or csat er aopur p-s baf tsrY fcr the torn 81
e'ty years csrisin. fte pOfoa OF hs inc oetsoen ~
sxatoris and Aeon 70 be irn Dsilately conneucsd
through tue Agency of CONTAGIOUS Of tbs lngstex
alefap opersii0oa, who are " Jay me we
md raniief 70 the company 70 An tmcsa sse oa WI,
responsibility. Inc cJrrpsny " 20 Sork tne me o.
isEfsin and keep rrnptr sccpnnte rne surplus fecrp
sitter rsyue rorsns expenses are 20 be spoiled IN reei
re eoafsnite In Gaze The surplus seceps
sSod exc tbe fusfAutee. third Of suco surJds
srp,crrs,eo "a the ayuent OF any s5vsocs OF
nitfsst ~ ths government 20 the company one
Ehch exceed fso zoe; ard the rem Ala ng tard
10 80 ,osuds iscrts,tg TIE dividend o. inc saare
no .trn ID 90 no per OR suUum should toore be
cent due 10 hs sovernmsht Ior sdvs9ces a1d % ae
ioeucy the stcrve iund OF 10000, The shole OF the
sros are 70 be aspea for the pcreose Of MAKING up
tvtce-d the rate Of 40 per cent per anuum Al sir
rs unappropratei prndts beyond 10 per cens PEE
o. sme other purpse a. ne discretion Ok me govsrn
merit ,, -,
are 10 be apg osbls o. ths nDt uAuce or restorhnn ~
the cab o. pns a. max good any 1cn enoy n recefs "
r 70, the working expcrses sn0ad eucn contingency
sre 10 tfa R0vcRsnent guarantee or ~ DER ecu.
sban be ,he minimum rate Of dividend All govsrnment
spessses su,cc tho tef % 'he cOnocssoa rom zoe
rurs'sn soyernnest, are 70 have priority over p.Sa'e
resssgts but viii be pad for a. the ssme rate ISo ex
tco on, ctora " be apJ0ned 70 tue Board ~bon'
whose concuffture no CONTRACTS or osAefpr
Gee dins q The company vii be vuiid. ,-..-
10 csse Of dssau Dy the company ~ coNpeans or re-
ussspg the luo Or working tc euty, me directors OF
company ere uT the Inc 70 the loris o. zoe
rsessury, on The a',er paying OF tbe ospta psa MP,
sS intsresi siAh per cont yer annum ron he a~e
thh,set dvifeUt.
s compspy which wss originally formed for the pur.
pose 81 estsbisbus pecgrspho communication between
eresud and Tnoa ny toe Red Sea under ooncsss'oo,
granted by The rurssh and Eeyptsn govsrngseats, s
b enabled, by o the goyert 1ent sreutee
proceed Win furtner delay particularly AZ ap-
years from official report 70 ths Admiralty tnd no
place be better adapted Tor laying telesrspnc eioe
hsr the RED sea Arrangements for he essaosnment o.
graph between Europe aud Aexandrs have been
completed, an the line ~ 10 be sid this autumn.
EfscrsIc aSp INTERNATIONAL TELEGRAPH.
The bali yearly meeting Of ths company he'd on
Saturday az the Lcndoa Tavern, Mr. stephenson, p,
The report m assrscg Of which has appeared in the
lines, gas token a. real
The opamsAs 10 MOVING the adoption OF the report
eved ut0 some exI snaicos respecting the inatoa of
me divlcenc from Ger cent 70 yer csot Tue cypaoy
had been several yesfs existence ana tne
confe fsusu experiences win re ARD % taef
reono ana exteudure fhey han found necessav 70
Iave considerable reserve unt 20 provde for toe decay
az thcr submarine ushs Ard any other euerre1cy ths
nist, rr,e sfo with 70 maze trs dvideaos more
nn,,oru lie thrght BY tha, means tbey Wcad hs era
b'ed 20 W NC feaathe sishioty . the HrdAftskng
rrsv vere now laying av1 DsF ctele - dNla1 COS
=. co. ,a wherein tnsy bsd pcsesssei ta sane nor
maf SINE years 80 y uoT, isc7 Fsr ns' ossa