The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-08-02
IIistory OF tho Atlantic Gable.

The New York, Newfoundland and London
Telegraph Company, but known to the public
generally as the ATLANTIC Gable Company, was
Cyrus W. Field, his brother David Dudley Field,
and Mr.. Chandler White were commissioned to
proceed to Newfoundland to obtain from the Gov
On arriving at ST. Johns they called upon the
Governor, who convoked tho Executive Council
the same day. The Governor gave a favorable
answer to the Commissioners, and Immediately
sent special message to the Legislature, then in
session, recommending them to pass an act OF
incorporation, with guaranty Of Interest on the
COmpany's bonds to the amount or f50, 200, and
grant OF fifty square miles OF land on the island Of
Newfoundland, to be selected by the Company.
These terms were agreed upon.
GRANTS EXTENDED TO THE COMPANY.
Additional grants were subsequently received
from the Governments of Prince Edward Island,
Nova Scotia, Canada, and the State Of Maine; and
afterward from the Governments of Great Britain
and the United States. The governmental grants
extended to the company are as follows:
NEWFOUNDLAND.
Exclusive privileges for fifty years Of landing
cables on Newfoundland, Labrador, and their de-
tendencies.
The exolusive right embraces coast line ex-
tending from the entrance Of Hudsons Straits
southwardly and westwardly along the coasts Of
Labrador, Newfoundland, Prince Edward Island,
Cape Breton, Nova Scotia, and the State of Maine,
and their respective dependencies.
Grant Of fifty square miles Of land on completion
OF the telegraph to Oape Breton.
Similar Concessions Of additional fifty square
miles when the cable shall have been laid between
Ireland and Newfoundland.
Guaranty OF interest for twenty years at five per
cent. on ESQ, 600.
Grant tf f5OOO in money toward building road
along the line OF the Telegraph. y
Remission Of duties on importation OF all wires
and materials for the use OF the Company.
PRINCE EDWARD ISLAND. o
Exclusive privilege for 30 years of landing ca
bles.
Free grant of 1000 acres of land.
A grant OF fSOO CurrenCv Der annum for ten
years. ,..n rr.. .-.. sarra.
CANADA.
Act authorizing the building of telegraph lines
throughout the Provinces
Remission OF duties on all wires and materials
imported for the use Of the Company. j..
NOVA SCOTIA. '.,r...
Grant of exclusive privilege for 25 years Of
landing telegrapnio cables from Europe on the
shores OF this Province.
STATE OF MAINE.
Similar grant Of exclusive privilege for like pc
riod OF Il years.
GREAT BRITAIN. "'
Annual subsidy Of f14,OOO sterling until the net
profits of the company reach per cent. per
annum on the whole capital of ESQ, 600 sterling,
the grant to be then reduced to 100000 sterling
per annum for perind Of Twenty-Five years
English navy to lay the CABLE with two subsidiary
steamers.
A Government steamship to take any further
necessary soundings and verify those already
taken.
UNITED STATES.
Annual subsidy OF 900 until the net profits
yield 6 per cent. per annum, then to be reuuced
to $4,000 per annim for period of twenty -five
years, subject to termination of contract by
Congress after ten years, on giving one years
notice. -
The United States steamship Arctic to make and
verify soundings.
Steamships Niagara and susquehauna to assist
in laving the cable.
Government steamer to make further sound
ings on the coast Of Newfoundland.
BY the mails we have the following addition
Al particulars in relation TO the laying Of the
cable:
REPORT OF CYRUS W. FIELD. q"
HEARTS CONTENT, July 29.-The steamship
Great Eastern lett Sheerness on Saturday at noon,
June 80, and arrived at Bear Haven on Thursday
morning, July 5,a received the balance OF her
Goals and provisions. The other steamers Joined
the Great Eastern at Bear Haven, ae follows:
and the Albany on tho 7th, and the Midway on
uesday, the 10th inst. On Saturday, the 7th of
July, the end of the Irish shore cable was landed
from the William Gerry, and at $50 next morning
the laying was successfully completed, and the
end buried in o. fathoms, latitude 51.40, longitude
10 degrees minutes; distance from the telegraph
out. Wednesday, July II, Her Majesty's steamer
Raooon arrived at Bear Haven 10 render all as.
sistance in her power. E@' ..2-
MadM thursday, l1te ;nstant--Th Great Eastern,
another. Service held at Valentia and prayers
offered up for the successful laying Of the cable.
Friday, July 13th-The shore end was connect
ed to main cable on board the Great Eastern at
240 P NJ, and the telegraph feet started for New
Foundland and the Racoon returned to Valentia.
The telegraph fleet sailed in the following order:
The Terrible ahead Of the Great Eastern on the
starboard bow. The Medway on the port, and
the Alluny on the starboard quarter. Weather
thick and foggy, with heavy rains Signals were
sent through the cable on board the Great East
ern and to the telegraph house at Valentis, 244O
nautical miles, and found perfect.
Saturday, 24th-Distance run, 1Os miles; cable
paid ont 116 miles "'.''
Sunday, 15th-Distance run, 1913 miles; cable
paid ont, 139 miles
Monday, l6th. Distance run, 115 miles; cable
paid out, 1877 miles. laa ,- 49, .g.e %. ,r.a.s~
Tuesday: 18th Distance run, 11s miles; cable
paid out, 1873 miles. IA -. =
Wednesday, 1Sth-Distance run, 105 miles; cable
paid out, 12o miles,
Thursday, 19th-Distance run, 122 miles; cable
paid out, 125 miles -"
Friday, 2Oth.Distance run, 1T miles; cable
paid out, 1877 miles
Saturday, 2lst Distance run, 122 miles, cable
paid out, 1856 miles. -
Sunday, I'D Distance run, 1923 miles; cable
paid out, 133 miles. 4t
Monday, 23d-Distance run, 121 miles; cable
paid out, i3s miles.
Tuesday, 24th-Distaace run, 121 miles; cable
paid out, 1873 miles.
WedLe.d day, 25th-Distance run, 112 miles; cable
| paid ont, $50 miles, ~,
Thursday. 26th- Distance run, 1913 miles; cable
| Maid ont 1874 miles. So