The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-22
THE NEW ATLANTIC CABLE.
England and the United States To Be Drawn
Still More Closely Together-Direct
Communication Between the
-, Two Countries.

The new Atlantic cable to connect England with
the United States is noticed prominently in the
money articles Of all the London papers. From the
London Standard of the 10th extract the follow
ing
The new Atlantic cable is at last announced 1t
now comes forward under encouraging auspices.
The directors are practical men OF business; the
engineers and electricians of first class stand
Ing and the arrangement OF operations seems
thoroughly sound. The capital Is placed Mt
fl,35OOoO, in $500 shares Of eco each, OF which
100000, in $4,000 shares are now offered to the
public. The company is entitled the Great Western
Telegraph Company limitedl. The undertaking Is
Connect the West Indies directly both With New
York and England, without, in either case, the in
tervention OF any system OF land lines II is further
are laid 1t will require but comparatively
short cable to continue Geographic com
m o cny p to but ~ at reue ma
have the great advantage OF connecting Brazil both
with England and New York by direct lines. The
route adopted for these purposes is from the best
possible point to be selected near Lands End
to the island OF Bermuda, with one line thence
to a point as near New York as possible, and
another to the island Of st. Thomas, in the West
Indies. contract for the making and laying OF
the cables for the price of fl33o,OOO, and dated
Hooper's Telegraph Works Qimted) Of the one
part, and this company of the other part upon the
mended by Sir Samuel Canning G. E., and Latimer
Clark Esq, G. E., last year, and recently revised
by Sir William Thomson, LID, +. RAS., and Flecm-
ing Jenkin, Esq, f. X. s., c. f. As a practical
guarantee for care in the manufacture and laying
OF the cables the directors have stipulated that the
contractors shall take, by themselves and their
connections shares to the amount Of one-thrd OF
the capital
made between the Great Northern Telegraph Com
ana rom oSMay Sweden hs slater Gb n
and Japan passing over the lines of the Great Northern
Telegraph Company and intended Tor America II has
Company that when that company establishes It's pro-
nn Sor eSuabe b s Will BE- curse maae w
this company with reference to North American
important advantage Of duplicate route between Eng
land and America The nallness Of the capital required
Gable Companies will enable this company 10 estabIish
ower ar and thus not only to ogen eSgraPhe
class Of the community who have hitherto been de.
mr 20 rom y ss Number q 'n q, ne o
those who have hitherto sent them sparfngly II
Of ordinary messages between England and America
to onchaf the present rate or 81 for every ten words
indies In addition to the important share Of the New
York and North American traffic which will by these
revenue Is expected from the West indian Islands and
places which are already, Will shortly be, In tee
has been established. The Island OF Bermuda as an
Sns Shipping therefore faS w e hsO even a k
into consideration the tariff REDUCTION referred to
expenses and reserve fund that large profit will be
10 be ~ ent e al cheaper 81 Il n
further addition to the profit will We insured The princi
holding not less than one hundred shares OF
ten per cent on messages sent by them.
The Atlantic service will now be completed, with
auxiliary lines to the West Indies and Brazil Even
the latter routes will pay well OF themselves but the
whole together should afford handsome dividend
TO the shareholders Already the applications for
the shares are understood to be very numerous.