New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-03-23
Great rifnin.
TBs NEW ATLANTIC TELEGRAPH CONF

Great Britain.
TBB NEW ATLANTIC TELEGRAPH COMPANY
prospectus has been issued OF the Anglo
American Telegraph Company, with capital OF
100000 in shares OF $40 TO carry out the arrange
snents thus conducted by the old Atlantic Telegraph
Company for laying new lire during the ensuing
Summer and for the adoption Of suitable measures Tor
raisipg and completing the broken cable OF last year
The new confsny take over the l,O'O Dautlca nes Oh
sable which has remained on board the Great Eastern
since August and which is certified 30 he in condition
as perfect as when il shipped and undertake The
construction Of the eco nautical miles OF new me
accessory to complete the entire length In cohsdera
tien Of this they are to have FIRST claim on tne
receipts 10 the extent of 4l25,000 per annum. and
6ey are also TO have &25000 per annum from the
New-York and Newfoundland Telegraph Company out
u the earnings of that Company for through messages
The combined payments being equal 20 dividend oil 20
per cent After providing for the fl25OCO per annum
lie sum OF 97 GOO out Of the receipts is to be applied
10 the payment Of per cent on the Atlantic COMPANY
srisng preference stock and per cent on their ofdl
aary stock and any surplus is then 10 be DIVIDED De-
tween the present Company and the Atlantic company
II appears that the whole length of PIP nautical miles
cable laid last Summer is still perfect and that tie
,ostop Of the broken end is considered 10 have Oeen
determined with the utmost accuracy. Hence the en-
ripeers engaged in the late expedition are eOnhdent
hat with the machinery and tackle now being prepared
ey viii be able raise as 10 utilize IT fora second
nps The new company is introduced by hessrs ). ,.
Morgan 4 Co. and Mr.. Peabody is on the board OF
Erection.
sraph COMPANY was held on the sth At the London
severn, Mr. c. NJ. Lampson, the Vice-Charmsn pre-
~SSi,s The yeDort stated that Immediately after the
meet,ne Of October the directors proceeded TO Issue
The 70 neY cent capital and By means Of public sub
,crptions aided by arrangements witt the contiaeGs
he whole amount for executing the work required was
provided. Up to that time tie board believed ana nad
keep 90 advised that extraordinary meeting OF the
COMPANY had power 10 confer first preference upon
,he IL per cent capital but before the negotiations
wore finally concluded submitted to eminent
rhn dpH
authorised by the Compauys Acts OF Parliament me
directors we're therefore compelled TO abandon TINS
method OF raising the money for the present years cur
rent expedition and viii consequently return to all SUB
rbers for the ~ per cent shares the deposits Whc ey
ssve paid Subsequent negotiations VAIN the contract
,rs in conjunction with whom the pest legaI ADVICE Las
bssn taken have shown that the only way in which the
undertaking be completed this year is ~ me ciea
lion Of o Company. 10 act as agents OF thls Ooih'
osuy for carving out the work and accordingly the
tAnglo- American Telegraph Company has been
formed with capital of $500 CO., and such privileges
A. IL is expected viii cause shares to be readily taken
sp In the constitution Of the board Of this new Com
osny the Atlantic Telegraph Company has been duly
represented. The contractors in anticipation OF the
subscription OF the whole capital Of the AngoAmerican
Company, Of which nearly one hall pas oeen alresuy
bona fde taken up, proceeding with the manrfdc-
lure the cable and the necessary WORK has also been
commenced on board the Great Eastern, so that the
expedition may be ready 10 sail as early IN the season
o. possible. The conviction of all those whose expert
gives weight to their opinion upon the matter re-
unchanged as TO the almost certainty OF success
HANGED BY the very perfect state in which the sub
merged cable and Z at on board the Great Eastern are
found to be at the present time.
The Chairman moved the following resolution:
"Thst the arrangements made by the directors for
completing Geographic communication with America
during the present year and their explanation OF the
oontract executed between the Atlantic Telegraph
Company aud the Anglo. American Telegraph Com:
pAny, are approved by this extraordinary general
meeting Of the Shareholder He said II was open to
the shareholder Of the Atlantic Telegraph Company
A he fort he No Ia
that il their interest 10 do 80. by the arrange
mens made night was reserved TO the shareholders OF
terminating the agreement In question by paying the
asw Company double the amount Of its capital. After
some discussion the resolution was adopted resolu.
tion was Aerward passed for the forfeiture OF no
shares in the per cent preferential capital upon which
the calls we're In srrear.
AMERICAN AYPAIRs.
The spsech Of President johnson at the meeting in
Washington on the ed Of February attracted much al
septon In England and met with very general apIroba.
tor TAs London Tim" warmly appauds It and says II
voud not have been unworthy OF the great Founder Of
the American Republic. Tie Daily Nt~s quallhes ..e
sematks and says that slthora tne speech was pro.
pted BY personal sttscks And was uttered in defense
u the Constitution II was exhibition and al
together unworthy Of the high Office Of the speaker In
the same article The Daily Hecs bitterly deoouncss MI
Bsncrofts late Grafton and says that "a ver tribute TO
the sad kindly reticent loving Lincoln than this
ration it would be difficult 10 imagine"
Mr.. Mason, the ex Rebel Commissioner in London.
publishes letter in TAe Tines in support Of the bazaar
sbout TO be held by the Ladies Of Baltimore in aid OF
those In the Southern States who suffering from the
late war and promising to receive and forward 10
Baltimore any voluntary contributions which may be
offered in England.
PROCEEDINGS IN PARLIAMENT
Ia the House of Lords on the 9Th, Mr. Hunts Cattle
Plague bill was debated amended and finally passed.
In the House Of Commons Mr.. Gladstone announced
the Easter recess would extend from March % to
April O.
On the motion for the second pleading OF the Psrs.
eentary Ostbs BILL Mr.. Disraeli said no doubt the
crescent oath contained some things that were ooec
onab but be took exception to the oath az proposed
BY the Government, which was simply bald declara
hon Of allegiance. The oath ought 70 be OF dynastic
Shsrscter and extend Royalty. He was desirous OF
uniform OATH but gave notice that he should move al
amendment TO the form proposed which would recog
size the supremacy Of the Queen, and acknowledge
allegiance TO her and her Mr. Bright said
N the word defend in the oath meant by arms, Il
would impose an affirmation on member who had been
hitherto exempt IRON IT, Sir G.. Grey said the Govern
ment would consider the amendment Of Mr. Dsrae, and
also the point referred TO by Mr. Bright Mr. Newdegats
characterized the bill an insdiOus attempt to weaken
he principles established on the Reformation. aud
moved that the bill be read second time that day sr
months After some further remarks the second read
.pg was carried by majority Of 23 five only voting
or the amendment.
II is stated that the action Of Mr. Disraei in the
sbove matter was determined upon meeting OF the
Conservatives held at the Marquis of Salisburys on
that day. Lord Derby is represented a. wishing 10
recognized 10 the Queens Courts Of law Also that the
oath Of allegiance should extend 70 the heirs Of the
tbrone. thus insnring Protestant succession.
The Tines OF the above meeting we have reason
20 believe that at the meeting OF the Conservative party
held st The house Of the MARQUIS Of Salisbury. 1t wa