New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-08-26
4 NEW ATLANTIC TELEGRAPH

CONCESSION FOR A LINE BETWEEN GERMANY
AND THE UNITED STATES.
A concession for laying a new Atlantic Cable
between Germany and this country has been granted ny
Count Bismarck, the Chancellor OF the North German
Bund TO Count oscar Reichenbach, DR.. Adoph Lasard
both Of Berlin; James Lyster O'Beirne, NJ. T., ana
J. George Cook of London. 1t is dated March r. 1862
and provides for the laying of submarine cable between
Northern Germany and the United States the landing Of
that cable at suitable point OF the North German coast
on the North Sea- and the construction or AL appahCcs
required for working the cable within telegraph
station be erected the landing place ana IS SUB
icCt TO the following stpu0uons: 9, .... 4.
The Chancellor OF the North German Bund reserves 70
himself the right OF selecting the spot at when me cabe
is 10 be landed and connected with tho telegraph ueh
Northern Germany He will undertake the care OF gaiu
ing against the cable being malciously injured or dam
aged by vessels The ncOrpOrators may lay the cable
eventually via England and Newfoundland TO any point
between NewYOrk and Boston. They also have the op
ton OF either laying new cable or in order establish
existing the latter the Chancellor IS to have the
right before the purchase OF the cable 10 cause te sae
to he examined to its working capacity, as well as the
dangers it may be exposed TO- and to prohibit when
are permtted to form connection with the ndo European
Telegraph Company for the Interchange OF kilograms De-
tween America aud Asia or Australia. 10, 49,.
The Chancellor OF the North German Bund VIII issue
the regulations regarding the transmittanco and eN'
Bnnd will be employed at the landing station, in order
to deliver the kilograms coming from the interior TO lhe
officers OF the cOrporator and transmit the kilograms
received over the cable to their addresses f0r tue CON
neCtiOn with the telegraph lines or tne
pcciay direct lines 10 Hamburg, Bremen, ana Der
lin, the North German Bund will make arrangements
respecting kilograms from India via England 10 America
hencOrpOraOrs come to understanding with tho
Indo. European Company Tho Geographic communica,
ton is subject to the rules lard down by the International
Telegraph Convention at Vienna July Il, 1869, ana 10
any further alterations through international conyen
lions; rausmittance of kilograms over tins cable
however no higher charges shall he made than those
made on any other TRANSATLANTIC cable Government AIS
patches from the Presidency OF the North German BuAd
shall have preference over other dispatches.
The cable is be constructed IN the best known man
ner and it's manufacture Is TO be commenced within sA
months after the date OF the concession and tho whole
line 10 be completed within two years after that dhte
III required by an increase OF traffic, or II the cane
should get out OF working order cable Is TO be ald
within is months after the Chancellor Of the Bund shal
have so directed An interruption Of two years in work
ing the cable shall the concession TO become nun
and void. The incOrpOTatOrs shall make deposit OF
100000 and within six months thereafter shall show sub
scrptOns for the cable to the amount OF 100000 thaers
which capital stock may be raised 10 l0OO00 thaers
The value OF cables already laid and purchased from
other companies may be deducted from that amount,
Tie concession expires after the lapse OF Is years unless
new agreement shall have been entered into as regards
the Any differences OF opinion between the Chan
ccor North German Bund and the lnc0rp0fators
shall be decided by the arbramen or three Judges 10
be nominated for that purpose from The PIusSiah supreme