The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-07


We have received information that the new
cable manufactured for the New York, New
foundland and London Telegraph Company
has just been successfully laid between Pla-
centia, Newfoundland, and North Sydney, Cape
Breton, via St. Pierre, Miquelon-where an
office Is to be established-a distsnce Of
about four hundred miles. This completes
new route from Nova Scotia to the cable lines
at Hearts Content making the third-allowing
one line for cable business going, another for
the same business coming, and the third for
local traffic. This new auxiliary cable, we
learn has been laid at an expense to the New
foundland company Of four hundred thousand
dollars. Thus, we find the old Atlantic
cable and its connections being improved upon
in every way that science and enterprise and
the liberal outlay of capital can suggest
Meanwhile, all sorts Of projects are started for
the construction of other cable lines-some as
impracticable a. II they were to be laid by
way of the moon There seems to be at present
a regular cable fever raging, which will, no
doubt, prove fatal in some cases. Others may
prove successful; and thus while some of these
projects may draw heavily upon the purses of
capitalists, others will, perhaps, handsomely
repay investments. The line from Brest direct
to New York is an experiment which has to be
tested but we find that certain shrewd French
capitalists have entered into the speculation,
and they seldom move in business enterprises
unless there is reason able surety of success.
The line from our Florida coast by way of
the West Indies and the Azores to Europe has
been commenced, and the first link between
our Southern coast and the island of Cuba
finally laid, as was mentioned yesterday in our
Cuba cable correspondence. There are other
lines to Europe talked Of, and surveys partially
made, some extending almost around from the
South to the North Pole; but these will pro-
badly be abandoned when the practicabllity of
working deep sea cables becomes more firmly
established-a fact that il becoming more and
more apparent with every days experience
OF the Atlantic cable. Among other matters,
the acquisition Of our new Russian possessions
may inspire renewal of the work upon the
Russo American line. The submersion of a
line between Ireland and Boston or Port
land Is being discussed in English money
circles. 1t is also proposed to lay a cable
north Of the present damaged Atlantic cable,
which is laid in comparatively shallow water
and is at the mercy of icebergs; and we
should not be surprised to see cable laid
direct from Ireland to New York, via
the French island of St. Pierre, Miquelon,
a route hitherto not much talked about,
but no doubt feasible. We see in all these
movements . spirit of enterprise becoming
the progress of the age. What is wanted next
are low prices-moderate tariffs on all cable
messages. With . reduction in the Atlantic
cable tolls to one-half or even three quarters
the present rates, there is no doubt the bust.
ness would be quadrupled. The experience OF
the past teaches all enterprisng men on this
side of the world that where reasonable rates
prevail handsome profits are realized and
popular satisfaction and confidence insured
It has been so recently in instances where
certain railroad companies reduced their rates
1t was so when our postage rates were reduced
and it is 80 in nearly every branch of business
where activity, progressiveness and cash are
the levers. The Newfoundland company is t6
be congratulated upon having so successfully
laid new four hundred mile link, binding
New York with London and the rest of man
kind