New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-09

70 AottJ
Distributed for interest on tie Company ooa4'''' z@4o't 'o
TIE bsrnce. 90
Construction S Of ne. a. 'ni .a' 'Ie:'oa ,oo $l4o5lso "A
s5i. 1or'sot 81
oS ss. 19S Stock !'ti.pn oomn .oc. U 1l735o9 90
Intentional Ocean Telegraph COpany si,eE "a 20
p S ard Atlantic Tel COZ stock 40 3i7 sle 5o2 %
% Esss 5 as Gee sI' .p goo o a3S3 g
"s sS1as p PSa po," ao D'. ...s. I 10000 90
ps5!-Ti f.ge and Dao;i icsraph 7s7 90
Gssls q * ;a 1893 65y5 % %
Fraction Of share ,ol4 issue redeemed AID eaueed a. 'O
"a s6 "A
LesTug ~
which excess IS applicable on account % sinking fund
appropriations not yet used Tor redemption OF oOus'
An the above items are entered ~ nc acl9ai eoct 20
the Company 10 CaSh EXCEPT we $780, 80 W. ~
Gold and Stock Telegraph COMPANY W-cn Is h,dcu a'
par ana we should he not wiling 20 sell at tnat raj
Many Of tie other items are worth mus more IAau eot
| THE INTERNATIONAL OCEAN TELEGRAPH COMPANY.
| During the past year the Western Union Comrany
have ACQUIRED control Of the International Ocean Ieo
! graph Company whose lines extend from Lake CITY,
Fla. 10 Havana Cuba. The capital stock OF the COM
pany is 81 10000, OF which S65OOOo is in common and
s65oOOo preferred stock The Western Union Company
purchased OF the common stock t5jS,1Jl ana o! tAC
| preferred stock $4,000 making total Of
s1.OSs400 at tho par value. The actual cost to u,
WAS 1901 $50 A.. 1ne International Ocean Company
posscss a 6Oy ears' exclusive grant from the Span
! sh Government TO lay and operate cables between
Cuba and United States, and 15yelrs exclusive
grant from the Government Of the United states to lay
and operate cables between io coast OF olda anu iGe
West In1ia lslanGs NAeh the cOhtiOIIs Intelvs IA
the stock OF this company VAS purchased Cohimuhl'a
ton by cable between torida ana havana VIZ n,ei-
rupted. In April last one or thc caoeS ocl u y
WCst and Havana repaired ana new one also lii
down. and both now IN good working order HE
lines vi the international ocean ColhP@u nv uo oS7
q good and plObtabio business with Cubl FOR i.,o'
aud Jamaica, and when the cables connecting Jamaica
with the other West India llands ana TO CehiiS anu
South America completed, which, 1t IS cohhlehtN
expected, will he in short time the raihc upon tuese
lines which constitute the only outeI lOf ihe 'eiy
eraphc cOrresDendeuce OF these countries with the
United States aud Europe wan DeGoHv very arg lo
Company 90 the rate Of about $!cOy0 er anu1
PACIFIC AND ATLANTIC.
We have also acquired during the last year majority
OF the stock OF the Pacific and Atlantic Telegraph Com
pauy and negotiations have been in progress FOR some
time with view to leasing their lines. The capital Of
that Company Is 100000. Their lines extend from
New.Yorl via philadelphia and Baltimore to Pittsburgh
Columbus Indianapolis, st. Louis, ana ST. Paul branch
ing Dubuque 70 Chicago, ana Irohi Chc.s' 10 IN
cIpDati Louisville, Nashville, Memphis, ana he"-Or-
leans. They about 5000 miles Of ue ana lOooJ mics
OF wire. and the gross EeceP.' L's va NJ S9YS
ns 5t Std,s nv which tle lines will DO turned
over 10 the Western Union Company ~ an early day.
rNEuMATIC TUBES AND sUBIEREASEAN LINES.
In February last the Executive Committee authorized
me to send Mr. Geo L, Prescott the electrician of the
Company. and Gen Thomas 7. Eckert, the General
superintendent OF the Eastern Division, 20 Europe for
the purpose of making careful inspection Of the system
Of pneumatic tubes and subteuanean telegraph lines
now In onerstiop in the principal cities and also 20
anime tthe working Of the Telegraph INES generally
They found the most complete system Oh pl5 alt.-c
tubes and subterranean lines N operlnoh IN lou
| don, although both systems were extensively
| EMPLOYED in Paris, Bc,l!n, and other cities.
In London about 10 miles Of pneumatic tnong nave been
lald down at $4,000 and about 10000 messages
per day through them The average time oce1-
pied the transmission Of messages through me pne-
| matte tubes is about two minutes ana the nuinn'r OF
messages transmitted In each carrier u from bt 20 3D.
according 10 the SIZE 81 lhe t'g1s inert o. ~
I'M the city Of London connected by pneumatic tubes ana
is the opinion Of MI Scudamoc, the manager OF the
English te.egrapht tal IL "ou DC ii,D7'plo W piop
erly transmit the large number or MESSAGES between
The system Of underground lines ia England embraces
1900 miles Of wire and nearly 100 miles of iron piping.
Inc average cost per mile Of wire is COS Whilc the
cost OF underground lines is considerably greater
Working Of them aai the cost OF main
! teuance are claimed 10 be less ana tAe
| system Is ay0rably regarded for the large cities
Messrs PRESCOTT aud EcGert obtained minute ana aCcu
rate information 10 the best methods OF constructing
pneumatic tubes and underground lines as we'll as much
other valuable information 10 relation 10 the working OF
the tee graphs generally which viii be found Of great
| importance IN the future operation OF our Ihss'
When our new building on the corner Oh Dey-st ana
Broadway completed it is proposed TO connect 1t By
ana other important branch offices IN the city It's also
| contemplated to lay down suberrancen lines IN the
lower part OF the city with the view of testing their eff
cheney and economy as compared with the present mode
| OF construction
| sTEARNs's DUPLEX TELEGRAPH,
The purchase of the patents the United states and
| Canada of this most important aud valuable Of all IN,
improvements which have been made since the MORSE
! telegraph was first established was mentioned In ms
| last annual report During the past year we have
largely the number Of duplex instruments and
| apparatus by means Of which messages can be trans
| mitted in opposite directions upon single wire
| At the same Time We have now in operation
| over 100 sets, aud 1t is the intention TO have
all our principal stations completely equipped with
them they can be supplied rom the factory
We are now operating than 10000 miles oil wire
and during tue past two years have been extending a
the rate Of nearly 10000 miles OF wire per annum TIT
duplex apparatus Is capable OF doubling the capacity o
these wires al comparatively small cost The value u
| this increase OF facilities be approximately ascer
ia med by estimating the saving Ia tnG Investment io
wire and the annual saving IN repairs ana mamie
nance OF additional wires. But the great Vau,
OF the duplex does not consist In the saVhglh ne invest
ment in wires and the cost OF repairs ana maintenance
but IN its ability double the capacity OF wire when
have but one. and when no amount OF money Prev
Ousy invested in wires or even possible 70 ID
expended in repairs can provide another Sope
times storm or confagIation causes the
Interruption OF all the wires an important route at
time wien every wire needed TO keep business NOV
ing Communication Is rest0redtnpon one wire at
time, and 1t then that the great value OF the dupel
restored we have two, aud when We have second We
have -four, and 50 on.
weeks wires between the principal cities have DeeI
taxed 20 their utmost capacity and II we had double tht
Client Every set OF duplex has been brought into req
sion, aud only our inability 10 procure them has pre-
! TIat the duplex can be substituted FOL
OF the ordinary apparatus 1t worksedualy well double
of single. As our operators acquire experience Ia ~
ne The difficulties which attended It at hrst wholly dis
appears Tney now adjust with snoh facility that The
change from single TO double Is made In less than