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

nxplsnasions or the Present. Position
aAd Prospects OF the Work-The Cable
ss,e be Hssdy Asest the BEGINNING OF
FormsA.Ternss cr she Arrang ement.
4 numerousiy attended meeting Of gentlemen inter.
The once o. Nessrs John Pender Co., Mount street,
Manchester, on the 10Th inst, Mr. w. Farbairn l. L. D.,
'.s''' srssscu o, rnr CHAIRMAN.
Tue ~ ps,s. ,e' his regret y 2; the ab
ana conpsny ssa h. 3, sns 00s
sbarsholdels and ali Who are Interested h this great
hssysd syey prccauios had been used, and although
~ machinery for paying out very perfect last year
90 any ssesS s.s.
= ps.sd up w n smo I'm sssOl.,; degree Of
shrugged would be ready ssS tise asoss O. Ssc:s;no
n Judt and was identical with the former, except
hal iks TAR with which the oussr coat OF t6s
and tie coating Of The new one consisted entirely of
hemp He had been connected with this company for
b. went round with the Grsa, Eastern from the More 10
yAenta He felt At the time certain that the cable WA
would Be successfully laid and that in fortnight from
that time We should have had telegrsphic communics-
tion between this country and the United states How
ever that hope had been disappointed The company
we're new prepared to proceed again this year and he
hoped with perfect success. Mr. Cyrus Field, who
States would state his views in regard to the undertsk
ing He bad been present Al the laying o all the cables
~; Mr. varisy the electrician and Captain Anderson,
of the Great Eastern also prc,ent and would give
any Information II was desired. iCheers)
CYRUS ". FIELDS RENARKs.
Mr. FIELD said he had come TO Manchester at the
request VI those who were largely Interested in the
enterprise In London explain the present prospects and
OF the old shareholders that the arrangements made by
the directors OF the COMPANY with The Anglo American
were however in this position that the Attorney Gen.
ers Of England had given IN opinion thai they were not
autborized by their acts Of Parliament 10 Issue twelve per
cent preference stock and that they return al the
money they had received for that stock They wantoe
row,ooo 10 mako sud lay the cable, and thes
had almost no capital after returning those suS-
scrirtces They held the exclusive right for Atty
years Of landing a Submarine cable from Hull
son STRAIT TO the southern part or Maine m extent
OF two thousand miles Of coast hut The right would IA
forfeited unless the cable IN sncccssfn operation
during Nils year or neH, March There WAS there
fore, No time for negotiation; The contractors Du.t
he paid, and therefore they were Obliged 20 form
coIspsny on such tsrms s would command raptal I'M,
medatsy. The Ango-Amcrlcan Company was therefore
formed snd agreed TO make and lay the cable the old
company not being bound to pay them fsr,hing II
xsgio American Company would take sl2 900 per
out oi ne esrnnes Of the se then ray the shnreheers
the rurpms between the tive ccmpancs n any Old
shsesodsr thought these hard terms he coud recoup
himself BY taking the new stock u was arranged Ma,
sheyen0ideu should ~ favorable considered
TINE sxgrsEuR's R1vUKr.
Hr cASSINa engineer OF the compsny, addressed the
meeting as 70 Inc form Of the cable ssdibe mode Of pro-
cooling 10 be adopted In laying The new cable and
srns that Of lss6. fns haas cable which had bees
QomperAed by the sc'ep,iac committed n which Mr..
Tor Witch i was designed No cable Ia, the ~ hsS Ss~n
cou'5 paid bes,sr Las this cable dx ss1 say
i also sueisniy strong for ths purpose Tor shIeh
" was designeS frons the deep of tho Atlantic
from depth O. s~snsy shr.s ~' hSa saa na s,,S
produced portion Of the cable 70 show thai 10 was
no, Impaired IN tho slightest dser~e The new cable
IN "A a Ixh1 .ul.s ..y-l
consisted of bright bonogsneous wirss covered with
Manila yarn, sssuraed ~ifh presevaiive mixture In
only With White Manila yarn, the prsssrvaive mixture
Dot being required account of the b<fnk gai
ncsIed p.a 10 some exbni, and therefore ,hey rot
bisie more eiongsfvp out VI them The wirrs thus
yarn. aud the tso n Unison had the effect OF wing
ton breaking strain. The old strain was ton 10
cwt ih was toa is cw' tons; aud therefore tho
new cable was an Improvement the last so far
strength concerned The sha r-hoders and Others iu
tsresed had doubt read e description laying
the Inst cable IN the rm1. aud probably clio Mr. Rus.
soil book, and therefore he nesd not 70 INTO details.
but h. gt that the greatest sitan they had had
tba cable IN paving was only I,urteen hundred
weight The average strain wss from Ten 10 Gle, en- hundred
weight aud the highsst strain ind on the dynamo
moter Vas fourteen hundred ~eish. There there.
lore, supple margin IN the strength Of the cable IN the
recovering o. picking of the cable tb greatest strain
was forty nve 10 niiy hundred ~cigbt NJ al
lhe brst ~as IN shoai water the second twenty.
three hundred fahoms; and In pick ing up The soJ
nny hundred weight The third fauit lost
the rxbic and therefore he could net cav suvtb us
about 'ba' Although thsir lssi expedition failed he did
not look upon - utterly thrown away aud no
sasaed that the cable could be- recovered from the bot,
oIo o. ne ALsnc Their failure 10 ncgser 4, on the
sH occss'on va owing 70 Insufficient t-ckle
HscovxHv oy rss oLD cssls
the recc, cry of the Old cable.
,.s' ron,S Ss,.,, ~ ,ns ~ 'me, a',aS 'ps Hye i
& y " sl n. "s r., s Iss. r.,s q .ss a ,u1S ,ss
which would bs chartered vessel snd q rossrament
the other ve--sis ia lifting the IN - wound crap
plins at the same time, At certain st~rysb apart from
s,a eau ~ ss. Ss. - sh. ne sss ssse r
yenby Ast = to the suyfsce The pl,e emleyed rsuid
bear S'ssls STAN o. t~salssns 70 ,hfty tons; the
ssvss would De -ssd up w twenty ave ions snd The
gcsDsel. would bssted 40 asas aud .eftfore he
,hsash, 18th tbs -irsip They we'l have ample
part she ass,r there would sbsn ship. wIh
the brht on their u.pnsis, spd ny doing " the |
the srsu upon the made dip and sso ON The oue 20
tho sstssrd n the shlp " the did MT break 80
aud ,bsy wished 10 make end ohsy could siE sys
that by USING The cutting w tsDO srsppel ~bich woad
30 asasss tbe c.bis b, the slraa pui on u that il
woald brs.s snd make end. They could .i.o sdosa
snotbef mode ming The cable ~ ceftsin -r. |
get sp Il. sTssisf i.as .s ft X. Is.sa I'd .s %ss
ssk FOR the purpose or lcsssnlng the strain an The
csbe He thought thai oy rIs~s s.os~. thsrs va M
dSub bsi they would be- snccrssiol M.
cable sr fsrbalfn had gone INTO the csIra'sVn- and
tn. cBARsAA ssd be had rssss doubts sose time sss
but captain Anderson had explained the pti,ire be
intended 70 al upon With regard
cable That he had po doeos, done ~ah care 70
No, W throw any str.D npon the ,abe instead
Of hs.ng one lew cable ~ operation .hsy rogi ,hory
have two cables
hr IisNfso sad b. thought The fsci that Tho dire
OF ths Telssfsph Construction Asufepsp.s euI.ny
had su5-cfbsd - much money fi0s 90 l5sf tr-
Aiiemps proved the great condolences wib they hid
IN s succcys Bes des this, eight u the.s senetneu
haa rsch sub-rtb>i fi0 0oo 70 The se~ sotnfany ana
Mr. tyrus Yield hsfrzkss like saeaat ef stsk 10 the
~ ~ s,-kS - y,.--ksSatl--,.----.....-.--. r. -s-s.
49, sAfl ~ AsDks-oss SAKeArfyr.
rspian Andxsvn then gave ~ soule isngth nara.
tive of the sts stpesition from the nsoiIcsi rentR
view hs entered ugon ths erpea'ton With sre~i nis
givrss but vbsn he IN % srs>n-ich sltls spplsness
for psyns out and hsnins o, hs ooutdspes revived,
and ~ fst thst he DIT ooumasing m~sf
terpise sr~say vel 'nss1r-S ny ~ rre-s eyI~Fl
when The fsah sent ovsrscsrd IN dep wsfer No
thonsbs es fmpo~~lbse a. .s tse dia 4
thnk lhe ssbe noua bar The straln and a. lndead