The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-08-09
LATEST NEWS BY STEAMSHIP.
THE CABLE-How THE NEWS or ITS SUCCESS WAS
RECEIVED IN ENGLAND.

RECEIVED IN ENGLAND.
The London Times of July % says:--
The Houses of Parliament and the leading Lon
don clubs we're appnsed OF the success1ul landing
oil the Atlantic cab @ at dlnner-tlme last evening"
The telePraphic aBice reporting the proceedings IN
Par ismtnt, and b. means Of wnich members are
Kept informed every quarter OF an hour as 70 whas
IS actually taking place in the House, contained
this lOsIcrpt;-'The Atlantic cable is landed al
gong wel.' The intelligence rapidly spread ana pc
Iore 10 clock It knwon all over the towh tha the
success of he expedition is q substantial ano neon
OVed9le ieG IN spi'e T., sxDanat,ons the
pubhc have been slow to teleVe in me apploach-
ing tuf ment OF the promises ana pIoghosucatlons m sue
OF the last ten years hence the news ot last even.
ing occasIoned almost as much eXcnement and
surprise as If 1t were not the rational sequence to
That The cable was going on WE'LL and that the
Great Eastern was performing her allotted task
suecessfully had been accepted readily enough;
lint that communication was actually estab ished,
and that todaY's American news might be
uected in few hours, seemed to strike all hearers
as start ing anG unexpected novelty.
'tIt NAV, perhaps, save some confusion of ideas If
we again state that the original Atlantic TELEGRAPH
Company a comparatively remote interest in the
new cable and that the words guaranteed eight per
cent must not DO taken 100 literally. lhe real
Atlantic Telegraph preference shares are the fl0
ones OF the AngiO.Amerlcan Company, and the
holders OF these are guaranteed more than twenty
per cent. before the Atlantic elegraph shareholders
receive penny If II should happen that he first
years earnings of the cabe do not exceed f12 600
an improbable contngencY-the whole OF that sum
will lie divided among the holders of Ang o-Ameu.
can stock The paid up caUiIal of the Anglo-Ame'i-
can COMPANY is f5O0 COO. A further sum Of Gl0O,0OO
is to be banded over to the Construction Company
when t1e line opened and for this f600 900, the
first fl26 GOO earned each year by electrical cOmmu
nIcation between Europe and the United states is
secured by charter TO the shareholders of the ANGLO
American Company. In other words, the l8tter's
shares are Atlantic Telegraph preference cnes, with
a guarantee of twenty per cent"
letter to the Times, from Valencia, says:-
"a continuous stream Of applications Is flowing
day by Gay on Mr.. Glass, Offering almost any sums
for priority OF messages to America when the line is
olened, MIR, Glass, the managing director oil the
COMPANY, now sed dom leaves the telegraph house at
Foihommerum, either night or day. Even during
the very short interval OF his absence every message
and signal Is brought TO him, no mat er at what time
OF the night 1t is only iaIr TO say, what hope
NAV be the successful conclusion of this great enter
prise thar from first to last the credit of ITS achieve.
me mt Is almost solely due to him. His energy his
organization, aud not q little ot his cartal have
kept the various plans going, and If the Atlantic
cable Is laid this time Mr. Glass may fairly claim
the cnlef hOnOrs of Its success,
"ln anticipation of IFS completion great tete is
preparing here for all the country people between
this and even as far as Killarney, who may choose
to come on the hospitable invtauOn offered to all
around. The KNIGHT of Kerry and Mr.. Glass are to
be the entertainers. Fireworks aud illuminations
have arrived from Dublin, and everything seems to
promise u grand gala day and night to commemo.
rate the successful laying OF the Atlantic cable in
1866"
A Liverpool letter of July 2Sth says:-
ii presume you Will know much about the
Atlantc cable as we 40 long before you get this;
but / nevertheless, III case of accident report the
fact that The shore end landed ut Newfoundland
on the 27th; that messages OF congratulaon passed
rapidly between Ireland and Newfoundland; that
Insulation continuity perfect; and that the
speed of TRANSMISSION had much increased since the
surplus cable had been cut OIL
Even at this date there are some people who
assert the cable Is myth, aud that the des-
patches reUored to have passed along the wires
are utterly bogus. The following may, perhaps,
convince them:--
Valcntia telegram (Juiy 2S) to London Times.
al oowIng telegram received from NewtOund-
land:-
"'GoooH TO GLASS.
"Our shore end has just besn laid and most per-
feet cab,e, under God's blessing, completes tile
graphic communication between England and the
comment Of America. l cannot find WORDS 10
press my deep seuse OF the untlring zeal and the
earnest and cheerful manner in which every one on
bOal d. iron the lIghes to the OWest das performed
the ANXIOUS and arduOus GutieS they in their s9Ye
raj departments, have hau to perform. Their un-
t1rlng eneroY ana walchlul care night and day for
the period OF two weeks required TO complete this
work can only be fully understood and appreciated
by any one who, like myself, has seen 10, All have
and JOIN with me IN hearty CONGRATULATIONS to our
trieI DIS England who have IL various ways abored
in carrying out this great work."
We find, on comparing the first telegram from
London to tie Associated Press here, that it
is fully verified, with the exception OF one or
| two verbal variations, as in the following
quotation from congratulatOry Caole article
| in the London Times, July 2Ith;-
Cable Version. rs Actuuly Printed.
at Is a great wOrk-a at is great Work-a
glory of the age and ma glory TO our age and ma
uons and they who have ioni and the men who
achieved 1t deserve to be have achieved 1t deserve
hOnOred as beneiactors of 10 be honored among the
| their, race" Ibeneiac ors OF tthelr race -
| As might be expected, the stock of the com
| rary has rapidly appreciated in the London
| market in view of the success of the enterprise.
Prices are quoted at q per cent higher, closing
ALTA. Preference shares are still about 4, or
per cent. discount
Queen Emma's Mission to England &