New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-03-05
The Atlantic Telegraph Company.

Yesterday afternoon a special meeting OF the
American directors Of the Atlantic Telegraph Com
psny was held in he Hall OF the Chamber OF Com
morce, to hear report relative to the present and
future prospects, of the great enterprise. About
thirty gentlemen were present, among whom we
noticed T.. NJ. Archibald, ii. Is. NJ. Consul, Mayor
Opdyke, a. A. Low, Wilson G. Hunt, Mr.. Cdnsrd,
s. b. Chiitend,n, and others Mayor Opdyke was
called 10 the chair and j. Austin Stevens appointed
Secretary. The Mayor in opening the meeting made
few pertinent remarks as 10 the nature OF the m.
dcstaking and thought the gentlemen connected
with the movement deserved the thanks OF the
whole world In concluding, he called Upon Peter
Cooper to enlighen the audience In regard to the
operations Of the company.
Mr.. CooPER, in responding, said the results that
would follow the mpletion OF a Geographic COM
muuicailon between Europe and America had not
been conceived oven by it's sangnne friends. Aitei
referring to few OF the principal ADVANTAGES to be
derived from the Atlantic telegraph, he called upon
Mr.. Cyrus w. Field 10 explain the operations aud
condition Of the company.
Mr. FIELD opened bis remarks by adverting to
tho objections put forward against the operative
character Of submarine Cables and continued 6y
showing their success in different parts Of the old
world. lie referred 10 a letter from firm who Of
fered TO put down cable from Fortress Monroe 70
Galveston, Texas, for the U. Governmeht, Pro-
posing 10 receive remuneration for the enterprise
when il was completed and also to letter from an
enterprise. The original shares were + ,0Ou but
now the company proposed to reduce them TO -, 50
that al who ielt interested in the movement might
he enabled TO aid. His remarks were manly calcu'
LATED 10 show the pecuniary results that would nc
crue to the company upon the completion OF the en-
terprise. 80
WV. T.. DoDGE next addressed the meeting as to
the importance OF establishing teles raphlc communi-
cation with Europe.
Mr.. CUNARD said that an opinion prevailed among
some classes that no message was ever sent across
tie Atlantic on tie first cable. Mr.. FIELp-Over
four hundred dispatches were cent. One which re-
lated TO the collision of British ship of the coast
of Newfoundland was received while the speaker
was in Europe. =, ~, a.
MoRGAs, and others, Mr. Low offered the following
resolution, and briefly spoke thereto. He was only
interested in the Atlantic Cablo the same ~ other
shareholders. lie had no interest IN any telegraph
from Newfoundland hitler, aud had sut'crleed 10
the now Atlantic Cable only on its merits He eX-
dressed his confidence IN tho success OF :e proposed
cable and in the incalculable benefits it would in.
cure He had confidence in highlands faith and
was sure that ii the benefits Of the cable in
sured TO us by treaty. The fact that both ends Of it
landed on English soil would not at ell affect our in
terests, even in case OF war with England:
Psorei That IN the opinion OF this meeting csbo can,
"a the p.esent sGts Of telegraph science laid between
Newfoundland and Ireland with almost absolute certainty of
success and when laid, vii. prove OF the greatest benefit to
.hashoiders ii ia therefore the public to
aid tho undertaking.
On motion OF Mr. ARCHIBALD q vote of thanks was
awarded tue hayor for Attendance, and Committee
consisting OF the following gentlemen was appointed
to consider the propney OF holding public meeting
Oh the subjects
w T. Dodse,.Cyrus W. Field. A. A. Low, Z. Cunard.
A. Bemont feter Cooper, Wilson O. Hunt Horatio Allen,
r.. T.. Morgan. T. w. Archibald. VIM Chauncey, Austin
Stevens aud Mayor Opdyke
The subscription list wns opened after the adjourn
n emf when the MayOr eubs Crlbed IJUO Mr., Cuuatu
II, 90, Mr.. BeImO9rHf00o.
MIR. FIELD stated that fl95,OOO had been sub.
scrited TO the fund in England.
After paeaing vote OF thanks to the Chamber of
Commence for the use Of their room the meeting