The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-04-02

msnently but simply TO Indicate the drI OF the ship
while they made their observations. and they would
reach the spot again by the process by which any
ship was nAvsaisdi was case Of ordinary ssuiisal
astronomy Every precaution was being TAKEN TOR THIS
next voyage. 70 have all the necessary mschheFy and
p'rsus for recovering the cable Each ship would DO
see, from the that bad been stalled BY Mr. Can
ming that there should be any dcsty In recovering The
Lost end Of the cable There WAS no mechanical DIN
Guilty, and, he believed no scientific one.
In answer to Mr. James ConnelI
Captain ANDERSON sad he thought there
able chance Of the Cable bcng covered with mud af
the bottom. Mr. Ginning reminded him, also that the
pongs OF The gapnel foot In depth and therefore
would have 70 be sitcd foot before hey could miss
~ ne rarey thought thai now 10 would be more than
nan its own depth In the ooxe ut the bottom
vipws OF TIE ELEcrRICIAH.
Mr. vANLEy, ELECTRICIAN to the company then addressed
son had omitted they had attached TO the
ayns OUT machinery, 10 be used In tho next voyage
msch,rsrvs engine, & % .hat At moments notice the
iauit showed itelr, II was necessary 20 transfer
the cable from. the paying out machinery st
bows before the operation Or X Sauns % back could be
c0mmsuced IL had boon ascertained by Professor
miles long from the s S S y hs an rs ass
the bottom and vas two hours in reaching the bot
tom Captain Anderson had suggested No prlcticabiy
moment anything wrong Indicated by The electric
apparatus the ship might be Immediately stopped with
out waiting for the cable sink 70 the bottom ra.
was the important part OF the present expedition
because should fault occur the ship could be stopped
IN Tour or i've minutes when not more than ha sn'lc
or the cable had gone the scrp and the svsn
u would be very much less than II would bo it were
allowed to sink 10 the bottom and then hauled back
again. II was significant fact that they had no
instance record of cable that has been properly laid
falling IN deep waterfall the failures had been In sha
low water or were due TO fans that had existed In the
cable prior 10 It's being iaid. There reason 10
fear this cable were properly laid, that would fail
Tor nifty or hundred years because the heavy shore
ends would reach into deep water OF one huadred
fsthcns No 10 state the result Of the Improve
Inents made In the electrical condition Of submarine
,soes during The -. two Or hres years and then said
TO speak OF the prospects or remuneration 70 the
shareholders In the present unassssinx, but thoy
had been spoken % by Captain Anderson, Mr. Can.
ming and Mr.. Field Therefore he would at once
proposed that ouiy Ave shillings word should be
charged for the tranfmssion OF messages 10 America
But al the present moment there thirty electric
wires working between Europe aud Great Britain, which
were somewhere sbolt halr fn-say about fifteen
working continuously. What, then, would he the eject
oi ono sugc wire connecting only Great Britain and
fdroe but AREA aud Asia with that ,remspdous ,ele
graph syscm which had grown mp In America and
'anadsf J. was p-r'eclly clear that one wire could N
no way cope wib the amount OF work that would psss
between u,s wo countries, unlcss a high rate were
charged TO kccp down toe sac 10 the hrst instance,
Telegraph Ton oahy Of eight per cent 30 long ths
cable worked an rothins the moment stopped Thst
subsidy wa uscir rcanse n the cable worked ~ all II
would earn ,sSd II more than eight per cont The
government wi'ltf lnlt The price TO 2s "a word
The consequeuc. ID have been % enor nous an indur
Of essaees ths tpre The second days mssges eoud
be transmitted to Nr~ York ,hc nnl pscke, would have
arrived there. (nr Fieh-Thst a(sscmen, u ugV can.
ceed There wa only enc legitimate way In Which they
The Hue from Sen frsnsseo to SeN York, which PAS
sd Ss s sisF ss u ss gssSssss
where about 90, and had paid since had b(cn IN
operation from ninety 10 considerably over one hvbdret
per cent per annrm on the original cost Thc Persian
Gull ne, badly managed ~ the feeders to vsrs p&lA
sssoC0 a year. The Malta and AleIsndns line look
fl0o 900 year simply between rgyV and Europe II,
thea, one Atlapuc able took no more mefs.ses tbs
Malta and AIsvaSds line the Pevstaa gulf M s'ss
charged ony sS times the fate ebassed by thcse iiaes
their reoslp's would amount 70 over half million He
last nlnseen years aud certain that Inc demand
upon their line would be much geatsr than that He
did not believe tbs ess than eos per word would keep
hsir line free ar the hrst twelve months and after The
nrsi twelve months higher rate s would be nces'ary
IN order 70 limit tho traria sufficiently. He thought
1000 00o per snnum very moderate estimate Of
tho earnings ofthe cable
ooxrErisa Hourss.
In snswer To- shareholder.
Mr. vARlxy sad there wero competing roote. pro
posed-onc ny The north of scotlaqd and the FAros
lslc- u Greenland and Labrador snd e o,hcrby France
and the Azores 10 some point che American coast
bound shores Of Fast Greenland many dfnelltie-,
that the schse must be abandoned besides which this
company possessed ths exclusive right Of landing sub
case the part OF the coasl he had mentioned
until lvo$ Hut a, the ame time ih're wss no rcsSon
20 fear conpettiop for there fny cables Wro-s
that awaited Them.
rRoRaBi.E PROFITS.
Mr. fsfp pointed out tbs, the working erpent ne,
oesSsry for u,e transmission Of message 20 View io'S
would scarcely be greater than Necessary to send
message 10 London; VIII w. The message sVuli cot
Is - and the other about f2o rnikc railway there
wear aud tear the cais after V lad down.
He sdfsd. that two thirds ~ Ls pTctosel capital had
already been and tls, the brics would ,Ioss The
Isle Tor the country redsy, for fiO0 100 hsi been
sui-cribcd for before he ieff London Monday last
The CnARxAs having strongly pressed the claims of the
company on ths asnilon'of the common ai community
md expressed his entire confidence IN the unfrratlnx
Nr Joseph Rice moved vote ~ tbsDks 70 thu charsn
Of the depnafIon rensrknr that ns bad hscn shsrc
holder In the old company aa5 Intended 10 be holder
n stock in the Mr. Aisxsnasr sef0rtsd he
nsctlon, which was bftorv supported ~ " ! John.
'toue snd carried The meeting thsn sfiolfDed