The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-04-07

Is not the hrss time the Treasury have acted n
TO the recommendations OF the Post Office.
Mr.. Elce-I presume your lordship Contemplated that
the usual steps sborld be taken to satisfy the
as to the responsibility Of the parties contracting an tacr
competence to carry out the conkaets
The Earl OF Derby-No doubt
Mr. Elice-H was neither with your consent nor sanc
ton If any OF the ordinary precautions omited2
The Earl Of Derby-Certanly not should be sorry If
should be understood that intended to dispense with
any OF the ordinary securities given under any nsrac,
After the examination Of some other witnesses the CON-
mittee adjourned.
The Red Sea and India TELEGRAPH.
From the London Herald, March 20
The first ordinary general meeting of this company
held yesterday at the London Tavern Bshopsg stree.
John Clark Marshman Esq in the chsir After too usual
prelminares the secretary read the report ~hich
have already given The statement Of accounts
The Chairman said the directors were grntaed thai on
the first occasion OF meeting OF the shareholders they
were enabled to announce that the undertaking which
been entrusted to their had been completely acc,u-
pehed Another line had been made from Alexandra To-
ceved from India in the space OF days On tae same
evening, by the steamer which about to loaye her
was transmitted Alexandria to be conveyed to Ioda
The line had been completed in little more than tweivs
with the Gh ,ne section xsn OF Of ina II last year
to proceed round the Cape to the Red sea- AMI
miles Of SEA, was completed After the oompaoy had
been formed, and they had accepted the concessons
granted generally by the Turkish and Egyptian govern
ments TO gentlemen who had been engaged nearly three
years in securing them application was made to the Ri
tsh government for public assistance the Earl OF Derby
being then the head Of the government and his 10
ship readily offered to the company conditional guaran-
tee dependent the successful working Of the ne aud
its unir errupted maintenance OF the line Woon rolls
tn, the directors found impossible to accept sucb
Appreciation and they inform the government that the
PROJECT must be entirely relnqushed unless her Nsesye
government prepared enter into an sbso
lutte guarantee. On the last day Of july 1885, contract
sury bound grant interest at the rate of AZ per
cent FOR fifty years. absolutely and Internationally, on
increase TO FL eco 600, il should ne necessary to
90 60 The capital upon this freely subscribed
,he IL men wes freely paid up ADD the
Dad at no time been quoted at higher premium than x
per cent must DO evient that the contract
part OF me government not improvdent one
tna was barely sufficient 70 float the undertaking
was also provided BY the contract that gentlemen
officially appointed by the should attend tie
neetnes Of the beard and all their meetings had been
attended BY one and generally by both these geuemen
VINO mad taken part In the deber Of board aad
without their concurrence single measure had bsan
adopted by the board here he begged to saw thar the
directors ie bound to acknowledge the courtesy which
these gentlemen had Away displayed at the same lime
always having in view the strict line OF duty aud the in.
terests of the government the shareholders III,
accounts Of their expen iurs had been moat s,r,n'
gently audited by government officers appcipted
should that day elect two s~dorsa of os ~, that they
holders, and It would be for the meeting moreover 10
Secide what should be the amount of their fees Sir
Snares Wooo after communicating with the government
In India had determined that there should be Uniform
rate OF charge Of g. message from Kurracoee to every
For this small sum messages to be conveyed ior
distance Of 500 miles, which scarcely one third Of
lines. The government Of Ceylon had ds,sr
mined hat the charge should be g. Cd for messages sent
nrOueao1t me island the directors were under the
assistance which they had rendered the company nv
granting them the use Of her Majssy's ship % o'ops
winch mad been employed for period OF nearly eigae.a
months IN takiog soundngs in the Req Sea- &c and t1s
tribute Of respect was offered to tbs officers cew
OF me ketIi6ution which'had been employed in acconpa
Iyng the laying down the cables dercn. panes me
cessty OF having one steamships - visit tho
different stations from time to time had been acknos-
LEGGED was necessary to have such assistance u
the uninterrupted working Of the line and the
quifite the Red Sea and its vicinity From the i'm nense
clouds OF mpalpable sand which penetrated tie asru
from time 70 me sna ne Ba.r aey ssoaa BE-
MTG contract with party for the construction OF yes
sci which should be adapted to the navigation OF the Rod
sea- and which ould take her departure next for
that destp alton. For the repairs the instru eps
workshop had been opened in Alexandria The conmu-
completed. The honorable gentleman having gone at
great length into variety OF details, showing the pro
eIefs made this great work, concluded by moving
Mr. W. Dent seconded the motion and cor gratnIated
The meeting that the communication had been opened
rom the mouths Of the Indus to Tee contract
between Alexandria and Consnnople had for the pre-
cent failed but ultimately from the prospect the CON
between London and Oal,una
Won, not occupy more than twelve hours.
was power to increase ooo the fac. bang
that the f20o reserved for shipping the
the government had not done this the company would
have this 600 TO repair the cable when 10 order
They had had warning Of the mishaps 10 which these
pened bad been repaired, and the 10th Of this month
they had received the first through communication from
lnoa 70 Alexandria During any interruption their ~
per cent guarantee was safe up to FL 900 Should
unfortunately contingencies arise by which the e. 900
should be expended then they would have funds and
the government would have liberty to take the line
and pay the company of but till they exercised tia. o.
oD, they were compelled to pay the AZ per cent The
honorable gentleman detailed the particulars Of the inter-
views had with the Earl of Derby when the of the
government, and concluded by seconding the motion
On the question being put
however aeriDg the report nigh. appear TO b. there
were many considerations Of contrary character 70 be
taken into account He maintained that the ~ per cent
was subject to many Casualties and conditions cris OF
"No, no. He disputed the accuracy OF the judgment
OF those who had induced the board to adopt light
and expressed himself IS opposed to many features
The Chairman and others satisfied the meeting that
nothing could affect the ~ cent which they
mended by the late George Stephenson and other scien.
tine men OF the highest standing in the country
Of wnlcn was that the report unanimously adopted.
OTHER LINES TO THE EAST.
convention has just been signed between the Neapon
res Sv os nnDg re Two
with those Of Austria and Russia The submarine cable
N the Adriatc will be laid down between Osssnso and
Valona Two lines will start from the latter pace-ohe-
telegraphs CAttaro, passing by Scutar in Albania
towards Constantnope the other rejoning the Austria
mother re starting from Constannople viii 10 to toe
Russian frontier near bmail
The Chinese Expedition.
From the London Standard, March 1877
rise 70 suspctons which probably without ousa
tcn The Official explanation given by Lord John Russell
in which the French Government rsne
ray concurred but that there some points Which