The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-07-30

Grant OF MY square miles OF land on completion !,
OF the telegraph 20 Cape Breton.
similar conoespon' OF additional af,y square
mi es when the cable shall have been laid between |
Guarantee Of interest for twenty years at Eve per
Grant Of f5OOO in money towards building road
along the hne OF the TELEGRAPH.
Remission OF dut es on importation OF all wires
and materials for the use OF tue Company.
PRINCE EDWARD ISLAND.
Exclusive privilege for afty years Of landing
Free prant Of 1000 acres Of land.
grant OF f800 currency per annum for ten years.
CANADA.
Act authorizing the building OF telegraph bues
thrOuR out the Provinces
Remissioni of uutes on all wires aud materials
imported tor the use OF the Company.
NOVA SCOTIA
Grant OF exclusive prvilegrs for TWENTY-FIVE
years OF landing telepraphic cables from Europe on
the shores OF this Province.
STATE OF MAINE.
Similar grant of exclusive privilege Tor like
period OF twenty-five years.
GREAT BRITAIN.
Annual subsidy of fl4OO0 sterling until the net
profits of the Company reach per cent per aunum
on The whole capital f350 900 sterling, the grnnt
10 be then reduced to f1O OU0 sterling per annum for
The aid OF two OF the largest steamships in the
Ingish navy to lay the cable, with two subsidiary
A Government steamship to take any rurther ne
cessaIy soundings and verify those already taken.J
UNITED sTATEs.
Annual subsidy of $4,000 until the net profits
yield per cent. per annum, then TO be reduced 10
$50 COO yer anDum, for d period OF twenty-five
year, subject to termination of contract by Con.
grgss e,sd Sn Stais tsis on
verify sOunulnt
Steam. hips Niagara and Susqaehanna to assist in
laying the cable.
a Government steamer to make further soundings
on he coast OF Newfoundland.
ORIGINAL ORGANIZATION.
Ihe original organization of the Company was as
INV YORK, NEWFOUNDLAND. AND LONDON
TELIGRAPH CoMPANY.-DiIectors IN New YoIk-
Peer Peer oGper, Moses taylor dayior & SHIus W. Fted War
PRESIDENT; - +. B.sMorse, Vice President Moses
Taylor Treasurer; Chandler White, Secretary;
David Dudley FleId, Counsel: f. N Osborne, En-
gneer.
TELEGRAPHIC CONNECTION BETWEEN THE UNITED
STATES AND NEWFOUNDLAND.
The first step towards this gigantic undertaking
was now 'airly lnauRurated, and the telegraph lines
III OF Grafton IN Canada and the United States were
connected with those of ST. Johns The first attempt
TO conhect these wires made in 1856 but was not
crowned with success. In 1866 the attempt was re-
newed, and was successful.
CYRUS W. FIELD IN ENGLAND.
Mr. Cyrus W Field, in 1865. was sent to ENGLAND
by the COmpany for the purpose of enstIng the aid
fortunate his endeavors. The capital OF the COM
pany vas fixed 81 $50 co., and tue whole was sub.
scr bed foI as iOllows:-
In London .101 shares
In Auerca. IS shares
IN LlVerpool 90 shares
II SlasPoW ~ shares
In Manchester % shares
and the remainder in other parts of England. In
consG quence OF the vast expense IN the various
attempts to lay the CABLE the capital increased
in 1858 to 81. 100000.
ACT OF CONGRESS-.
Annexed is the Act of Congress relative to the
cable, which was approved March g. 1S57:-
A Bill to Expedite Geographic Commup pication for
me Use OF the Government and ITS Foreign Inter.
course.
Be h enacted, Jg the Senate and House Of Repre-
sehtdtiGeS of me United States Of ARsrica in L0n-
he discretion and updor the direction OF the Pres-
dent OF The United States, lhay contract VITA anv
| AID OF The United States in laviDg down submarine
| cable, TO connect existing telegraphs between the
coast OF Newfoundland and the coast OF Ireland and
Tor the use OF such submarine communication, when
| established, by the Cove nmont of the United
| sha seem to the Pres dent just and reason
| able, not exceeding SO 900 per aunum until
be net profits OF sucn person. or persons or assoca
! apnum, ard then not exceeding $50 90 per annum
Tor 20 eaIs .PrOUided, rtat the Government of
treat Bna1n shall before at the same time enter
INTO like trcct iOr thos purpO with the same
IeIsoD, persons, or association and upon terms OF
eXac' equality with those stipulated by the United
Srates And proUtdtd, That the tariff of prices for
the use OF such Submarine communication by the
surY Of Ihe UDlted States and the GoVerDmenu OF
GREAT Britain, or its authorized agents: Provided
f0rher, That the United States and the citl-
zens thereof shall enjuy the use of the said
submarine telegraph commUn cat on for period of
b0 ears on the same terms and conditio which
Great Britain, and the sutjects thereof in the con
tract TO be entered into BY such person. persons
or association wih that Government: PrOvided
yirher, That the contract TO be made by the
British Government shall not be different from that
alTeadv proposed by hat Government to the New
York Newfoundland and London He egraph Com.
pany, except such provisions may be necessary TO
secure to each Government the Transmission of its
own messages by ITS own agents. ....