, 1866-10-19
The Atlantic Gable Failing snecnI.,,o,

L.
The whole world may weii pray deyou,iv ,h,,
! the present Atlantic cable may not give o1t far
It's hdahcIal non success, as paying insiiiuti,n
may go far towards preveuting a renewal ,f ,h,.
! experiment for long Tine To come. D..pit-
the constant efforts made To create a differcnr
Impression, the simple fact is that the Atlantic
Cable Company Is astOGnied, disappointed and
disn"yeI 10y the pauciiy OF their receipts. They
never douoted Que that Iaeir linc would he con.
sl'ntly emaioyed day aud night aud Judy ex,ect-
ed to reimbUrse rs eniire cost w.t.i.u "A few
in1nihs. 81 tar irom this hope being re,l,zeI
tnsir business Is not sun cient To pay interest up
ca their expenditures aud provide a reasonab HE
suiii Tor working tne line anl keeping 1t in re-
par. Ldf0Peahs scarcely employ the Cable nj
all, ana wade the AHcric,n press awaits it.elf
Of the enterprise to secure the ieadiny items of
European news dally, neither the BRUSH mar
the Continental press take more than three lines
OF American news. IL was suppose that the
respective Governments would emplOy the Ca
Ole freely, but II turn> out quite the contrary
tnar merchants AMI linincial operators wouid
load the Company down with business was taken
for granted. Oh tue contrary, ny II combination
amOIg these classes single message Is made to
servethr purposes vi hrLdreds of perSons each
oi whom uses our cheaper lineS Of teiesriphic
communication Gttwccn the Atlantic .iud Pacific
states Ou nIs own exclusive account Thus II
happens that tue Cole tran,mlts or receives
~ messages a Day, where II Ous TO hIud.e 81
wIlh II constantly Increasing business.
Tue Cause of TINS ia tucIIl failure OF the grand.
est enterprise Of lae age lies IN short. sighted
business utH tHdgrmcnt. Tue enormous cntr.e
OF dollar IN gold for eIcI lrtIrr trtlsnitt A
absolutely pro slrus the use Uf the c4b.e cX.ept
Ia the tA.Is .5'sst case of LecessItv. The EIr,-
pcau f.css itci that they cannot aI!osd to u.s. the
iIie al all 1T these ex IrJ!t,Ht rats; auI m,
Press 1i tAe Cn'tei States. wA.le empl ,yIns 1t
Il It- I..-- .s. I,g .tl,
present cosL II taem Icstslc i've .. fir l!yiIcnd.
Commercial correspondents, who would muca
prefer to have t.eir own private teleg rams, are
forced to cJM1ine for the trtnsaIissiOh Of news |
essential to tEeir business. Ia tnls way tits safe
10 say, the Company transmit only sI4gle dis |
patch where, at quarter Of the present rates, |
they might be sure Uf2J. Not satisfied with a |
gold dollar per letter. tie company cx acts dou ole
rates Tor cypher meaSsa yes, though they may
take 10 more time for trdusmissiOi; and they ia
siSt on ch irsiHe for date and ignature whether
their customers desire them Mt or not. 4 case
in poidt Gaze % NY knowledge a day or two
since. -ruilem-a offered for transrr,,ss,,,,
telegram W:,ioat late, aal .,,roa rho fail
price t'' 'he 2clH ., wo-1s wl;sh itcontrined.
Oou! ,:4y ageat dem Intiel S3J or $40 ad-
Gitiuual for the dale. Dat | don't want to
send Gny date he replied. Nevertheless, his
rSessage was dee..acl, except on condition that
nv Nbhih ply iSI ttss4letItt4tlP tle utte also. lie
refused u submit t. The cxactiOn, and Withdrew
his telegram. IN tI,s way numerous persons
are driven away. Secretary Seward proposed
to sead Il Telegram 10 Foreign minister He
offered with 1t the amouat which he supposed
to oe the proper chtrge. lt was returned to
him with demand for an ailitionli SUN, be-
cause the teleyr im was in cvpher, or for some
other cause than the lime required to transmit
all that lie desired sent lie, too, quietly rebel
ed against the exI Ic,ipn, and sent his di ,p,tch
ny mail. When the Russian line shall be ready
or operation, we may expect a wiser ndminiS.
ration at the hands Of the skilled telegrapbis
who have that enterprise in charge. In the
n eantime, capitalists will do well to beware of
A Atlauiic Cable stocks until its managers shall
ave learned a little more wisdom.