The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1873-04-26

under the same conditions. The num-
Der of breaks is against it-one at
Halifax. another at Hog Island, q third
to Long Island, fourth to Sandy
Hook or Brooklyn, fifth to New
York city. In consequence Of the re-
cent break, 568 miles from Valentia,
of the 1865 cable of the AngloAmer-
lean Company, it has been suggested,
the London Times states, that the new
cable Of the French Atlantic Company
should adopt the shortest sea route,
and, instead Of being laid to New
| York via Halifax direct, should be
divided into two cables, both to he
laid forthwith from Ireland to New
foundland. The length of q cable to
Newfoundland is about 1900 miles,
while the length ready for shipment
to establish the direct route, via Hali-
fax, is over 5000.
The fifth cable, which it is proposed
to have completed by Mayday, 1874,
aud to be at work in the following
August, will have six ordinary direct
ors and q consulting director in Lon
don, with q council of nine in New
York, at the head of which is Mayor
Havemeyer, with several others, in
cluding two presidents of telegraph
companies, and Mr.. Straw, Governor
of New Hamsphire. The cable which
is to lie 5000 nautical miles in length,
is to run from the coast of Ireland
(precise place not named, but supposed
to be near Galway to a point on the
coast of New Hampshire, where it will
join the wires of the American land
telegraph, which would give it COM
plete and ready working with New
York and other places in the United
States and Canada. 1t is expected
that this cable will save time from its
being unnecessary to retransmit mes
sages at an intermediate station or
stations, and also, Of course, greatly
reduce the chances of error. Speed
and accuracy are desirable results.
The cost is estimated at El,2ll 900,
which, if all the shares are taken up
and paid on, is calculated t, leave u
surplus Of ESQ, 900 available for work
ing capital. Instead of the tariff of
three shillings (seventy five cents), it
is hoped that the price will be as low
as fifteen pence (thirty cents) word,
which, if the line were fully employed,
sending nine words per minute for
eighteen ont of the twenty four hours,
would yield Il profit of ten per cent.
| 1t is calculated that if the reduction
were to one shilling and nine pence,
instead Of fifteen pence sterling per
word, there would be q net income or
profit of above fifteen per cent.
In the London Times, whose "city
article, Hsfrom the first, has been decid-
edly hostile to this fifth, Or American
cable, there has been sharp CON
tlvversy between its friends and its
opponents. The chief points taken
by the latter are: !. That no provision
appears to have been made for a re-
serve fund, toward repairs and re-
newal. 2. That if this company
receive onc.fifth of the whole traffic
BOW 1000, 900 words per annum, which
may be doubled by a reduction Of the
taritf-thc earnings can not exceed
| four and one-half per cent on the capi-
tai, even if there be no reserve; and,
| 3. That there is no ground for an
ticipating that this fifth company can
obtain even a fifth of all the traffic.
1t is stated, and not denied, that the
present price of Anglo American stock
is upward Of sixty, of French Atlantic
cable stock, fifty premium. The New
York company would break up a
great and rich monopoly. The public
may profit by the competition.
-NeW York World.