The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-07

i
Samuel Quincy, Esq, M. p.
Lord John Hay.
John smith, Esq Smith, Fleming co.,
BANKERS
me Consolidated Bank, London and Manchester.
SOLICITORS
Messrs Brcham, Dalrympe, Drake Ward
Messrs. Baxter, Rose Norton Co.
SECRETARY
William Shutter, Esq
"a Old Broad street, London.
WORKS
Wharf road, City road, North, and East greenwich,
Southeast.
As the entire Of making and laying the cable was
estimated at three million dollars and as only onehaf OF
this amount had been subscribed at the me it appears
the agreed to take upon themselves one
half COST or in other Words to become identified with
the directors the Of the cable If it had not
proved SUCCESS Messrs Glass Elliot Co. would have
lost equally with the company It is generally known
that the United sta:cs Government gives maximum
subsidy Of seventynve thousand dollars year. and the
English Government gives hundred thousand dollars
per year. SO long as the cable continues to work, each
sum to 20 in payment of the messages sent by the
respective governments The two governments also
give joint guarantee Of eight per cent on the capital
expended while the limo is at work.
On accepting the bid of GLASS; Elliot Co. the direct
ors reformed their board and the following are the pres
ent actual owners and directors of the Atlantic cabe:
THE OWNERS OF THE ATLANTIC rELEGRAPHIC
DIRECTORS.
Tho Right Hon. James Stuart WOrtlcy, Chairman.
Curtis 81 Lampson, Esq, Vice Chairman
Francis 10 Breton, Esq. Edward Moon, Esq.
Edward Cooper Esq George Peabody Esq:
Sir Edward Cunard, Bart. John Fender Esq, NJ r.
Honorary Drecor-w. H. Stephenson Esq.
HONORARY DIRECTORS IN TIL. UNITED STATES
4. NJ Archibald ESQ.,. c. b., h. n Consul New
York.
Peter Cooper, Esq, New York
William T. Dodge, ESQ., New York
Cyrus W. Field, Esq, Now York
Wilson G. Hunt, ESQ.,, Now York.
A. A. Low, ESQ., Now York
Howard Potter Esq, New York
HONORARY DIRECTORS IN BRITISH NORTH AMERICA
Hugh Allen Esq, Montreal %n,ss Canada N"r" sco,,,
Walter Grieve, ESQ., 81 Johns, Newfoundland
Thomas c. Kinncar, ESQ.,, Halifax, Nova Scotia
CONSULTING SCIENTIFIC COMMITTEE
Captain Douglas Cation, r. T., r. R. $, London.
Professor Vim. Thomson, +. X. 3, GLASGOW.
Professor c. Wheatstone, 4. X. s., London.
Joseph whitworth, Esq, +. r. s. Manchester
Honorary Consulting Engineer in America-General
Marshall Lcrcrts, New York
IL ST. Helen place Bishopsgatc street within LONDON
Secretary and General superntendcnt-George saward'
Eicctrician-Cromwcil T. verlcy. ESQ.
Soictors-Messrs. Freshfclds h Newman.
Auditor-H W. Blackburn, Esq, Bradford, Yorkshire,
Public Accountant.
In London-The Bank of England, and Messrs. Glyn,
Mills Co.
In Iancashre-The Consolidated Bank, Manchester.
In Ireiand-Thc National Bank and ITS branches.
In Scotand-Thc British Linen Company and its
branches
In New York-Messrs Dsncan, Sherman & Co.
In Canada and Nova ScotaThe Bank OF British North
America.
In Newfoundland-The Union Bank Of Newfoundland.
| THE LINE THAT CONNECTS THE CABLE WITH NEW
NEW YORK NEWFOUNDLAND LONDON TELEGRAPH cosrAHr
| Peter Cooper Esq, President
Cyrus W. Field, Esq. Vice President
a. Lsec
David Dudley Field, Esq, Counsel
Peter Cooper ESQ.,, NY Marshall o: Roberts, Esq,
Moses TAYLOR Esq, NY. New York
Cyrus w. Field, ESQ.,, n Y. Wilson g. Hunt ESQ., NY
Robert W. Lobcr, Esq.
GENERAL SUPERINTENDENT
Alexander NJ Mackay, Esq, ST Johns, Newfoundland.
now THE WORK PRoGREssED.
he contract signed and delivered, Messrs Glass, II.
| hot & Co. began their work and pushed II with
grea, energy. The copper was completed as early
as APRIL 1894 and the work of covering II with its four
layers OF gua pcrcha begun the 4h day Of that
month during all this time the wire was undergoing
electrical tests Of such must have insured had
they been available the rejection Of the best parts OF the
cable laid in 1855 TWAS found that the present core
the copper wreshowed under these searching tests
perfection Of insulation IN lite worst parts more than
twice that Of the high standard required by the specca
tons of the contract The core IT, without doubt the
finest teleraph,c wire ever made. The homogeneous
iron which surrounds the gutta percha was contracted
for and rapidly delivered while large stocks Of the Ma
nlla yarn with which the iron wire is surrounded and
the tanned jue which pads the gua percha, also
forwarded with energy. But though the work wa,
begun In September, 1853, and pushed with constant
energy IL was not completed and slowed away board
the Great Eastern until within the last month
THE VESSELS WHICH LAID THE CABLE
The Great Eastern was chartered by Glass, Elliott 4
Co, in February, 1894 and preparations were imme
daely made TO t her for this special service. Che left
Liverpool and arrived at sheerness in July, 1884 The
contractors removed the floor Of her upper decks and
began the erection Of the deck which the iron tank
in which the cable was stored placed Al the
time the British government detailed two ships for the
Of transporting the cabe as IL was made from Tho
works Maiden the Great Eastern at sheerness The
Terrible and sphyn1 detailed to convoy the Grea
Eastern by the British government
The vessels rendczvoused at valenta on July H. afte
a Slow tedious and stormy voyage On the 22d ut th'
Caroline succeeded after ono mishap, requiring thu