New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-10-03

tnental papers, advocated II III ltading articles, be
fore the subscription was opened. After IT
was opened. subscriptions came IN slowly There
was for a time prospect that the scheme would col
lapse. Suddenly, by process Of which theinitatcd
know the secret, the shares were quoted at pre-
MUM on the London Exchange. Every money ar
tcle proclaimed II. Stop, believe l am wrong.
do not know that shares az premium on the
Exchange. but The Times said that they wero-wmch
answered the same purpose The other journals copied
that statement and the telegraph news agency in
in the hands of Mr. Julius Reuter- spread it all over
Europe. Subscribers rushed in, and the loan
speedily filed. At that moment the transactions at
a premium on the London Stock Exchange, or in the
money article of The Times came to sud
den end. Holders who wanted to realize
found that instead of selling at premium they
could not sell at par. The stock went down
in day p percent II is curious fact that
the writers of the money articles, who had been on
the Q rir6 to the rise ost their interest
in the stock when it feb Not one of them renlem-
bered to mention that II had suffered
sudden and severe fall 1t is doubtful
whether many bona hde transactions have
taken place at any price. large subscriber IN Ham
burg hearing of the premium telegraphed his agent
in London TO sell Immediately, at not less than u
above par His agent replied that he had been able
10 an tltI lOl Il pIl VI tIit clNNh at Nn''hH''
In America the enterprise was advertised not less
freely than IN Europe but hear that the snbscrp-
tons did not pay the newspaper bills In fact If my
information from very high source may be trusted.
Messrs. Duncan sherman closed their books with
ont a single entry. Not dollar of stock was wanted
even by Wal-st. spectators. Now we learn that 1t
is very doubtful whether the American Government
will grant 10 Messrs. Granger ~ Co the exclusive
concession they desire that side for their cable
must say il seems to piece Of stupendous impu-
dence that Eranger and Reuter- shoud expect fayors
of any sort from the United States Erangers the
house that engineered the Confederate loan. Reu-
ters was the news agency which, during the war,
scattered al over Europe every description Of false
hood and calumny that could damage the Union
cause. Shall we reimburse to Messrs. Erlanger the
money they sunk in Rebel pirates and blockade
runners Shall we create news monopoly of the
only direct cable between the United States and
Europe for the benefit Of the man who has slandercd
us for seven years
Commercially the success Of the new cable were
II once laid is not free from doubt told that
the messages from France over the existing Atlantic
cables DO not exceed TO dailyclearly not enough to
pay its working expenses. Nor VIII messages be
sent from other parts Of Europe French cable
so long as there is an English line The telegraph IN
France is subject 10 Government censorship, and
there is neither secresy security where that sys
TEN exists Hamburg and Bremen, Antwerp and
ST. Petersburg will prefer 10 communicate with New
! York by any conceivable route rather than 10y one
where the hands of police spies axe forever on the
wires
Mr. g. J. Holyoake's excellent pamphlet in reply to
! Mr. Mill on the Ballot has been widely circulated
Ii is no dsrespect 10 Mr. Mill To ray that MI Hol-
yOakels practical kpoMledge OF Inc question u lI
greater than that OF his distinRuished opponent
In acknowledging q copy sent bln by The author,
Nj. Gladstone writes: ,e.e
DEAR Gin. thank you very much FOR yodr pamphlet
VII sy nag S9n e9e ron ,,,, ny mind ise nssa
is FRIENDS lave 20 thank YOU Tor able aud msAfui de
tense Lreiuan, yours 'eFy faithful ani o,is1I.
&. J. Holyoakc. esq '" L. 1lAb9IoNf
THIS letter.I think was the origin Of the report
that Mr. Gladstone had pronounced ia favor Of the
hailot--a report quite at variance wl'h the ift'
THIS mornings Telegraph has - leading article on
America, notlecdbS diteryht rom t91 COMMON.
Hitherto IN has beoil useless 30 look FOR anything
faif or friendly I'm It's counus is sympathy with
Rebellion was undisglisrd, Us dislike 20 the North
has been expressed on every occasion since the
! Ii had Mr. saia for American correspondent We
seem TO be indebted IL Mr. JOebnck tor de
monstraton Of good Will ON tie part OF on
old enemy. Ihc IflCU0ph de'oles column
70 throwing the falsity of has assertion Unit
Americans OF culture and ehnement have
nothing 10 do with pOllfjcs There are mistakes m
its examples out ITS good intention and good Nli are
uWnIsiakabe. Whether lt Indicates purpose To
abandon - old hostility cannot say. But ] have
been told tlat oven ~ past days a majority 81 the
leading writers OF Tie Titgr0Dh friends and
not enCAucs TO America, and would have rcoicod had
they been PERMITTED 10 put their opinions into print
Mr. Bandmann las returned To LONDON after a
most Successful IN the great cities 81 the North
lie VIII rcappcir al the iyccum M October IN new
play by Lord IyttOn iBulwcI m five acts, entitled
THE Rightful Herr The play ~ a romantic drama
en- blank verse. IL wac written years ago. and rts
lain IA Lord I.yiions desk, awaiting an aetoi to
whom le woud bo wiling 10 cOnndo Its leading
character. The hour has come, and tie man
q. ". s.