The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-12-14
A New AtlautIo Cable.

New Atlautio Gable.
II will be seen by communication from Mr..
George Ticknor Curtis, published in another
part Of the paper, that an enterprise has been
started under favorable auspices for laying
new Atlantic telegraph cable This is an ap-
peal, In fact, to the capitalists, merchants and
enterprising men of New York for their sup
port. The object and details Of the scheme
are clearly stated. It is legitimate enter
prise, and one that promises both profit to the
subscribers and benefit to the public. There
Is nothing OF kite-fying or cx-jobbing
character apparent in it, and, looking at the
respectable gentlemen who have started and
are interested in the work, 1t is evident the
company means business, and does net intend
70 sell out to rival telegraph cable companies.
The American directors are Samuel G. Arnold,
Of Rhode Island William 7. Blodgett, Henry
G. Marqaand, Eugene Kelly and George
Ticknor Curtis.
The name Of the company Ia ''The New
York and London Direct Telegraph Company,
limited" 1t is organized and registered in
london, under acts Of Parliament which pro-
vide for the incorporation Of companies The
company has the exclusive right for twenty
five years, granted by special charter of the
Legislature of Rhode Island, Of landing and
operating telegraph cable or cables, to con-
meet with Great Britain, Holland, Belgium or
Spain, in any Of the waters of Rhode Island.
The company organized under this charter,
under the style of ''The Narragansett and
European Gable Company" has united and
pany under the name given above. The right
to land and operate the cable on the coast of
Wales has been conceded by England. The
Earl Of Dudley is chairman of the company.
and out of twelve directors provided for
In the articles Of association five
are to be American citizens. The
capital has been fixed at 965O, 900.
or So, 100000 in gold. The American direc-
tors are instructed to secure subscription
Of 5000 in New York. The rest of the
capital is to be raised in England. The
terrnini of the cable will be On the shore Of
Rhode Island on this side the Atlantic and on
the coast Of Wales the other side. The cable
Is to be laid next August
After careful calculation of the cost Of
The work and expense Of working the cable
the company declares that it can transmit
messages for half the present rates--that is,
1t proposes to charge only three dollars and
seventy-fve cents for message of ten words.
The question of a reduced rate is well argued,
and the company is satisfied that the pro-
posed tariff will bring large increase of
business and pay well. The support of the
public and press is asked for the enterprise.
Shall it not be given? Every one feels. the
present rates for telegraphic messages very
burdensome, and to a large class they are
prohibitory. The press of New York feels
this especially. besides, there is need
absolutely for more cables. We have
peen within the last few days the
great inconvenience of not having more.
Two of the Atlantic cables suspended
operations in consequence Of some injury
TO them, and both the public and press
we're unable to get messages as fast and freely
As they wanted. Had an accident occurred to
The other remaining one there would have been
IN entire suspension of telegraphic communi-
cation between America and Europe. Imagine
the consequences! Only think of the light Of
Intelligence being thus shut off by an accident
that might occur at any minute. 1t would be
like obscuring the light Of the Sun. 1t would
plunge us into intellectual night. We want
and must have more cables. There is plenty
Of work for them-for four, five or more--espe-
cially If the rates be reduced. The same
effect would be seen as with the vast increase
Of mail matter through the reduction of post
age rates. Though the rivalry of this new
cable enterprise may compel the old companies
to reduce their tariff there will be found a
compensation in the increase of business. It
has been well said that competition is tho life
and soul of business, and it will be found 30
by the cable companies, as In business gene
rally. We say, then, God speed to the enter
prise Of the E'New York and London Direct
Telegraph Company" and we hope the appeal
TO the public for support will not be in vain.
More Water for Brooklyn.
Brooklyn is pretty well supplied with water
for the present wants of the city. The Water
Commissioners, however, looking to the future
wants Of population of four hundred thousand
people, propose that new reservoir shall be