The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-12-22

complete the lines to all the desirable points in the
capital. So far the line has been built At such
moderate cost that 1t seems probable that all neces
sary and paying points IRON Omaha 60 N,w Y9rk
morennd Philadelphia Will be reached with an ex-
pcneiture OF not more than 0ne-hah OF the autho-
rfzcd capital. The result 80 far OF this economy
In building is that the lines indicated have been
for three years Of their three and hall years
existence dividend paying n1s having W os mae
OF ten per cent per annum. besides placing pffton
OF their earnings To the credit OF surplus or contin
gent fund.- These earnings were made uD4fer heavy
reductions Of rates. ranging from 0rty % sixty per
cent under the rates charged previous 60 the OPEN
Ing Of the Pacific and Atlantic. we mention this only
structed as this has been. without rings solely
with an eye to the economical disbursement OF the
graphic service will afford ample remuneration TO
stockholders, and while they are properly recon-
pensed for the.r public spirit and investment the
President OF the Pttsburg Board OF Trade, and one
Of the vice presidents Of the National Board OF
graph Company Of the United States, and body or
SIX directors are associated with HIM In the manage
ment OF this so far successful corporation.
THE EAST INDIA TELEGRAPH COMPANY.
The East India Telegraph lmpany Is Incorporated
under special charter, granted by the Legislature
lines Ia the Chinese empire. The following are
the principal 0ificers:- ANDREW G. Curtin pres-
nant, Secretary, aud George Ellis, treasurer. The
Organization OF the East India Company Is such as
to at once command pubic confidence. The prlnci-
pal stockholders are Eastern merchants OF the high
est Standing, many OF whom have resided IN China
and are possessed OF an intimate knowledge OF the
commerce aud re50urcesOf that vast empire Among
the directors are Paul s. Forbes OF the firm OF Rus
sell h Co., one OF the oldest and most extensive
houses in the China trade, and Isaac Liyermore,
MIR. Buringame's iniiuense the Chinese government
conceded to the East india Company the privilege OF
connecting the great seaports from Canton to
Tien-tsin, the port OF Pdkin by submarine cables.
From the following 1t will be seen that the
route OF the East India Company passes through ana
connects with larger andm0re populous commercial
ports than any other line In the world. Canton the
starting point, has population OF 100000. Macao,
the line goes through Hong Kong, with It's $500 in
habtants, Swatow, with 10000; Annoy, 100000 and
oye on 9 o Nex on ne ns mas are % ces Of
Wan-Cnu and Ningpo. numbering between them
some 900 inhabtants then comes Haugtcheau,
on is Shanghai, with population of over 100000.
Having connected the s$ab0ard cities the company
VIII carry Its line to Maxim, which has 100000 in
OF There can b. no doubt but that this line
Will prove more rumneraive than any American or
to which 1t Will form the connecting link be-
tween that now being constructed for the
graph with Peki1 Vi, BehrIng strait and
WI! thus place US direct communication
pany residing In Chm, and noticing the efforts
making BY the English Ind Russian governments
to open telegraphic communications with thas coun-
try he conceived the brilliant idea Of securing the
exclusive right TO construct lines within the empire,
80 that whichever party Won the telegraphic race
Tartary or the projectors the line from San Fran
cisco by way OF BehrirU Strait-neither could
ing except over the internal line. The application
for permission to cOnstruf line within the empire.
s S b Mr. 81
number OF European capitalists VINO, as soon as
they heard Of the schem( had done their utmost TO
Thus originated the East India Telegraph Company,
which was chartered in 1874. The company has been
nss be r the
and equipment OF the line between Canton aud Pc
KIM The charter allows OF the capital being In
thousand dollars OF the stock has been set apart to
be disposed OF In the United States, 500 900 In Eu
OF the ports to be connectea by the East India Com
panys line is estimated at $500 900 per annum,
and hen the fact that from these ports the immense
through its vast system q canals and numerous
rivers Is considered idea may be formed OF the
profits likely TO result from this magnificent piece Of
THE NATIONAL.
The National Telegraph Company Is organized with
view TO cheaper Geographic correspondence
throughout the United States, and intends locating
Its Offices at all points where there Is probability OF
advertised at $1,000 900, divided into shares
OF 500 each. IL ID proposed TO raise
'fD1 q &c ss cs q ss Rss
lines 70 all paying points now reached BY the old
monopoly Efforts are being made to induce all
classes OF business men TO become Stockholders and
II Is reported that the stock Is being rapidly dlstri
buted throughout the different States and Territories
The lines TO be constructed OF the best materials
with all the latest Improvements, within twelve
months after the entire capital shall have been sub
scrlbed The company pledges itself TO and
control at least 10000 miles OF route and 1000
miles OF wire for $3,500,0oo. The National has con.
tract with the Soctete DIV Cd0ie T-dHsdtiQntiQue
haah
OF France 10 construct a cable from Brcst to New
York. The officers OF the National hope to have
their land lines and connections completed and In
operation by the time the French cable IL laid. The
French cabewl connect with the principal European
lines, and through the National with the principal
points on this Continent. The principal officers OF
the National Telegraph Company are:-Presldent,
George Il. Senter; Vice President Robert Squires;
Treasurer, Frederick Prentice; Secretary, George b.
WalLer. and General sup erlntendent Ell n. KeYes.