Bradford reporter. [volume] (Towanda, Pa.) 1844-1884, 1863-05-21

Atlantic shares. credited as fully paid up, to
the value altogether Of twenty per cent. upon
the actual cost of material and labor dlsbursed
bv this company in the above weekly pay
ments, the shares being divided into twelve
equal instalments, and deliverable to contract
ors By one insalment per mo0th. The pay
ment of profit is thus spread over Twelve
month and in case of failure the contractors
stand to lose not only their profit, but thelF
investment of G25, 100 in the companys stock
That they do not look forward with any ap
prehensions of such a result is apparent, ooth
from their offer and from the result is appar-
ent, both from their offer and from fact, that
all the cables laid by them, including those
in the deepest waters, have been perfectly sue
cessful. Careful surveys on behalf OF this
company have been made by the British GOV
ernment off Ireland and Newfoundland re
spectively The supposed PERCEPTION cliff
about 800 miles from Ireland, which has been
urged in depreciation Of that rOut IS t0und 10
be descent equal throughout and OF 10
greater pitch than would allow tae working
of locomotive Gp ard down it, while the bot
tom is everything that can be desired, the soft
mul of which it is composed being OF nature
continually to Increase in depth, aud certain
in few years to so cover the cable as to pro-
tect it from external Influences On the New
foundland side deep channel exists from the
approach to Trinity Bay place called New
Pelican, where there is every facility Tor Iah0
ing, and By adopting which as terminus, up
wards Of forty miles of cable will be saved
This company possesses the exclusive right OF
landing telegraphS on the entire Atlantic
coast of Labrador, and on the coast OF New
foundIand, Prince Edward Island, and the
State Of Maine. 1t also possesses agreements
with the entire telegraphic system OF AmerI-
ca undertaking for the latter to connect ex-
clusively with this company, and coVenatlng
in some instances to return each week. IN
cash, as a discount for the encouragement OF
the Atlantic Company, 10 per cent. OF the
charges received by them for messages over
their lines to or from the cable A revenue
of $50 900 year is expected from this source
alone aud, together with the $4,000 year
subsidy agreed to be paid ny the British Gov
ernment, and the same by that of the United
States, must be added to the ordinary traffic
returns of the company. Respecting the
amount of these returns, the directors desire
every one to Judge for himself They merely
appenn a calculation showing what would be
tue result II Juc jFdliC DS SulllClGbI W hCt IiiS
cable at work at a very moderate rate for a
period in each year equal to an average OF Que
hundred and seventy five whole days, rather
less thar half Of the year. They wOuld addl-
tionay remark that, owing to the difference
in longitude between Europe and America, the
cable mast necessarily be open day and night.
As regards the speed of working that may
be expected, scientific men agree, one and ALL
in stating that twelve words per minute as a
minimum can be teIegraphed through.a proper
cable between Ireland and Newfoundland. In
laying the cable between France and AlgierS,
it became necessary on two occasions to recov-
er Or pick up in the deepest water several
miles of cable Of which had heen submerged.
On one OCCASION when abont thirty miles off
Cape St. Sebastine, in a depth of l250 faith,
oms, and very rocky bottom. sixteen miles of
cable were recovered, a fault cut out, and the
cable relaid with perfect srccess. The end of
the cable between Corfu and Oranto was lost
in $50 fathoms of the Island of Franc, near
Corfu. 1t was grappled for and recovered,
and the line completed.