The New York herald., 1870-03-07

sent on the carpet. n this amount does not WORK
up the receipts TO the sum necessary 70 pay" then
there viii be further raise to three pounds ster-
ing single message, and SIX shiliings English per
word above the irst ten THIS Is no mere conlec-
nre. IL IL reliable statement and the CONCLUSION
IS based upon the arguments recently used by
Messrs. Field and Orton before the TWO boards oil
directors direct OF the English and french companies;
The business OF Atlantic cable telegrapning
IL confined strictly TO certain Classes wao
must have the information they require, aud
win have II. lei II cost thirty shiliings or
iour pounds per message. They scout the idea OF
any amount OF social business being attracted Ia
the cables by tariIrs ana hence they say il was
afatal mistake ever 10 put down tue rates The IN.
crease IN tae number OF cab,e messages year alter
year they Insist ID only the natural increase the
business and number or those classes that would use
the cables anyhow, ami would have been the sa,
nine pence sterling per word the whoe time as il is
Today with the tariff at three shilngs q word.
Incy argue rom these premises In favor or m
crease OF rates. and take their stand the not
generous principle thar 1t ~ hopeless TO strive
w uraw social business to the cables Dy low tariffs,
those 10 whom their use Is indispensable should ne
made TO pay a sum remunerative to the companies,
however nigh that may be found to be.
Ia regard TO press messages Messrs. Orton ana
rieo were ~ variance during the recent consulta-
tion mere. Mr.. Field advocated continuation OF
nan rates 70 the press aud only al increase proper
tionate 10 That Of private messages. MT Orton, on
the other hand, strongly urged the imposition OF fu
rates on the PRESS and quoted figures to prove that
ses,e se, naa Seen no increase tue number o. words
ialn2 OH In receipts. majority Of the directors of
lne English cable al least disposed to adopt Mr..
OTton's views, aud hence II Is very probable tnat
when the tarin ID raised to two pounds and four
snrgs sterling the newspapers using the cable Will
required 10 pay full rates Tor all their dispatches
me arrangement made between The French and
English companies has necessltated sort OF
revision q the convention between the Old
Atlantic Company and the Anglo American.
Tne former, it will be remembered was the
eioneer in the enterprise, but after two trials
and two failures which sung some FL, 800, 900,
they could 90 no more. In the hour Of their bank
ruptcy and need the Anglo American, projected by
some shrewd operators who had been interested
capital OF f6o000o laid the cable Of 1885, ana re-
covered the lost Of 1885. But the price CT the
ala rendered by the AngloAmerican to The Atlantic
Company was heavy. The nsw company were IN.
sured twenty i've per cent upon their capital OF
100000 before the old company could receive q
single shilling upon the original II, 900 sunk by
them. as.n r-..n s.ae
Tbe Anglo-Americans have therefore been reapIng
golden harvest, whether the Atiantics have se-
cured any profit or not although the receipts at one
time were SUFFICIENT 70 pay the large claims OF the
the old Atlantic s1ares as we now these peas
ant days have departed, and both Anglo American
and Atlantic md themselves IN a bad way. Tne
former Will have to give up large portion OF us
profits and the latter Will finally disappear nom ex
istence the shareholders taking sixteen pounds
sterling TO com npensate them for Gl0O.
Ihe'Anglo-Amcrcan VIII not receive much SYM
pathy, for they have made very profitable amount
OF nay while the sun was shining. The moral OF all
Tins TO the pubic, however is that wnen the rates
are raised as they VIII be- between Europe and
America, there VIII be good announcement for new
SiAt.'piiSNs, tho "a TUG ga
isting companies, and Tor tins reason-Tne present
double headed company-for IL is virtually one-re-
presents all the old failures as well the somewhat
avaricous land lines, and hence their capital Ike
tie capital OF the western Union Telegraph Com
pany Is largely IN excess OF what similar hines could
ne laid for under ordinary circumstances.
A NEW CABLE.
II laid economically, even If not on the light cable
principle, q new cable would have less capital TO
protect and hence would not be under the neces-
sty OF working up Its receipts by some means or
other to EloOU or II, 200 q day.
IT. IS to be hoped therefore, tnat protection against
monopoly VIII be secured Dy Independent cables.
The more the merrief and with real competition
properly developed practical reiutation may be
given to the argument OF Messrs rIeid and 0rton.
that there IS no social business be secured for
Atlantic cable but only certain class OF customers,
who may be made to nay through the nose Tor the
dement, 0r the. shareholders without being able 10
help themselves.