Daily national Republican. [volume] (Washington, D.C.) 1862-1866, 1865-09-20

wEDSEspATEvENIEe, SEPTEMBER %, 1895.
Tut ATLAnrio TrIEenApH.-It will b,

THf ATLANTIC TKI.RsRAPH.-It will b
seen BY the following semi-oficisl state
ment which appears in the London jour
mails, that the Atlantic Telegraph compa'
nies have definitely determined TO lay q
new cable next Summer, hoping TO create
new capital TO cnrry the project to sue.
cesful termination, and that q new con
tract has been made with the Telegraph
Construction Company: -
rar1The respective boards Of the Atlantic
Telegraph Company and the Telegraph
Construction and Maintenance Company,
aftor the most careful investigation into
the elaboration upon all the circumstan.
ces attending upon the recent expedition
and upon the accident which has postponed
the success of the undertaking for the
present season, have come to the unani.
nous resolution to prosecute the underta
king with increased vigor In the Summer
OF NEXT year, II supported to a very mod.
crate extent BY the existing shareholders
andthe public.
The Atlantic Telegraph Company has
accordingly entered into q contract with
the Telegraph Construction Company,
whereby the latter Company will again
send out the Great Eastern during the sum
mer Of 1866, having on board sufficient
cable both for the completion Of the exis-
ting cable and for the establishment of a
second cable Of the same perfect construc.
ton between Ireland and Newfound.
land. -
The fret operation will be to lay this lat
ter cable; having done which, the Great
Eastern will return TO the end OF the bro
ken cable and commence operations for
recovery. As to the success of these opera.
lions, Capt. Anderson, Mr.. Canning, and all
thelesders of the late expedition, have met
the most hopeful confidence, and all con-
cerned now.believe In the establishment OF
two working cables during 1866.
To effect this desirable contamination.
the shareholders OF the Atlantic Telegraph
Company ara required to subscribe sum
of G25O,0OO The literally and effective
financial arrangements OF the Telegraph
Construction Company, who are deeply
interested in the success of the underta-
king, have enabled the Directors of the
Atlantic Company to effect this advantage
Gus arrangement, although the total cost
OF the new cable, of Its submersion, and
Of the repairs TO the existing cable, viii be
f5OO,OOO. The profit upon the new cable,
II successful, but not otherwise, is to be
RlOO,0 900, and II the existing cable he re.
stored the Telegraph Construction Compa.
ny Will also receive the profit provided for
them under the old coutract-namely
9l8i ,l4O N old unguararteed shares ofthe
Atlantic Telegraph Company.
The Atlantic Telegraph Company have
summoned meeting of their shareholders
for Thursday the 14th of September, for
for the purpose Of creating the necessary
capital, TO which they propose to attach .
preferential dividend or :welveper cent, to
enable them 10 carry out the foregoing
arrangements, and they entertain no doubt
that the small sum required to be subscribed
for will be readily taken up by the share.
holders, seeing that for this additional out.
lay they will obtain the fuldlment of their
moot sanguine expectations, even though
one cable only should be permanently
established.