New Orleans Republican., 1873-04-10
New Atlantic Cables.


of which are in successful operation. Over
the first. in August, 1858, a few messages
were sent, as if to show what could be done,
and then the signals stopped. The second,
laid and broken in 1865. was picked up and
completed in 1866. The third was laid in
1866. All three had their American termini
in Newfoundland, and the second and third
now belong 20 a company almost wholly
English, with it's head office in London.
The fourth. laid in 1858. from Brest to New
York fOr rather the coast of Massachu-
settsl, belongs 10 the Seciete du Cable
Transatlantique Francais.
The Great Eastern, lying in the Medwav
Ia small tidal river, which joins the Thames
at Sheerness) has Just received on board the
whole of the deep sea section OF new At
lantiC cable, the property of the French
company, which is to be laid in the last
days of next month and the beginning of
June, the great ship being appointed TO
leave her moorings on the twentieth of
May. Though nominally owned by foreign
ers, there is a good deal of English money
in this concern, and the wires will leave
and enter British soil. Besides this, there
is now an circulation in the United States
and Europe, the prospectus of "direGt
United States CABLE to be laid about the
autumn of 1874. Next year, therefore, if
these designs be accomplished. FIVE tele.
graph lines will connect this country with
Europe.
The cable, now on board Of the Great
Eastern, is to- run from Corn wall, the south
ern extremity of England, into Freshwater
Cove, in the harbor OF Halifax, Nova Scotia,
thence branch cable to Hog Island, near
the end Of Long Island, about fifteen miles
from Sandy Hook, and as much more from
Brooklyn. If all goes well this fourth ca.
BILE will be working to New York by the
twentieth Of July. Its construction is
much like that of the French cable of 1868,
but it will weigh nearly two hundred weight
per knot more than any previous cable. and
is calculated to last twice as long under the
same conditions. The number of breaks is
against it-One at Halifax. another at Hog
Island, q third to Long Island. fourth to
Sandy Hook OF Brooklyn, and fifth TO
New York city. In consequence of the re.
cent break, 568 miles from Valentia, of the
| 1865 cable of the Apglo-American Com
| pany, 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 10 New York via Halifax direct,
| should be divided into two cables, both to
| be laid forthwith from Ireland to New.
| foundland. The length of a cable to New.
foundland is about 1900 miles, while the
| length ready for shipment to- establish the
| direct route, via Halifax, is over 5000.
The fifth cable, which it is proposed 20
have completed by May-day. 1874 and TO
be at work in the following August, will
have six ordinary directors and a consult.
ing director in London, with a council of
nine in New York, at the head Of which is
Mayor HavemeyeT. with several others, in
Guiding two presidents of telegraph com.
panies, and MIR. Straw, Governor of New
Hampshire. The cable, which is TO be
5000 nautical miles in length. il to run
from the coast of Ireland (precise place
not named, but supposed TO be near Gal
wayl TO point on the coast of New Hamp.
shire, where it will join the wires of the
American land telegraph. which would
giveit complete 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 un.
necessary to retransmit messages at an in
termedlate station or stations, ard also of
course, greatly reduce the chances of error.
Speed and accuracy are desirable results.
The cost is estimated at II ,2ll 900, which,
if all the shares are taken up and paid on,
il calculated to leave a surplus of $500
available for working capital. Instead of
the tariff of three shillings tseEenty-five
cents, it is hoped that the price will be as
low ~ fifteen pence thirty cents) word.
which, If the line were fully employed.
sending nine words per minute for eighteen
out OF the twenty-tOug hours. would yield
profit of ten per cent. 81 is calculated that
il the reduction were to one shilling and
nine pence, instead OF fifteen pence sterling
per word, there would be ne: income or
profit OF above fifteen per cent.
In the London Times. whose "citv srti
cle," from the first, has been decidedly
hostile to this fifth, or American cable,
there has been sharp controversy between
its friends and its opponents. The chief
points taken by The latter are: I. That no
provision appears to have been made for
reserve find. toward repairs and renewal.
>. That if this company receive One-ffth of
the whole traffic-nOw 100000 words per
annum, which may be doubled by yeduc-
ton Of the tariff--the earnings can not ex-
coed tour and one half per cent on the capi-
tai, even if there be no reserve; and, 3.
That there is no ground for anticipating
that this NTH company can obtain even a
fifth of all the traffic. It 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
great and rich monopoly. The public may
profit by the mpetitiOn.-Ncw York
World.