New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-09-10
MR.. FIELDS TRIP 10 EUROPE.
HIS VIEWS ON THE AMALGAMATIoN or THE CABLE
COMPANIES. AND Oh RAID TRANSIT.

HIS VIEWS Of THE AMALGAMATIoN or THE CABLE
COMPANIES AND on RAID TRANSIT
Cyrus W. Field has returned from Europe
after absence OF two months He stated 10 TRIBUNE
reporter that the declarations made by Secretary Of state
EyIrts, concerning the amaigamation OF the d.
rect and AnclO-AmeIicau Cable Companies, were
based upon misconception of the facts The history
OF the case. far the jurisdiction Of the
United States extends narrated by Mr. Field. He
states that Mr.. Eastman and others many years ago
secured the passage of an Act 81 Congress- which author
lied them TO lay direct European cable, permitting
them to land II anywhere the American coast except
on the shores Of Florida This franchise sold to Sic
mems Coz the contractors for laying the cable who Ia
turn disposed Of it to English company. Wnon Ut
Seens went % Europe 10 negotiate the sale. MI Field
states that BE bore letter signed u = Grant President
of the United states" certifying to the correctness OF the
act and also a document from the then United states
AtorucyGenrral, giving his opinion OF the legality OF
the act and The power under H. 20 land tie cable on the
American shores.
The Direct Cable telegraph Company was organized
under the Limited Liability Act OF England. and upon
the approval OF queen, the cable was laid from Ire
Land to and aoug coast OF Newfoundland, landing on
the coast or Maine. d" IL is true said Mr. Field tnat
the charter OF the company provides that there shall
oe 10 anna gamation with any other company,
but under the English law. any section can
he amended by tue Board OF Directors calling meeting
II the stockholders after first giving fourteen days no.
tce and if they vote favoraby, upon notification TO
the directors. another meeting, the change can be
made. This done tie law regulating tie proposed
amendment TO the charter being complied with in every
particular"
In regard to the letter sent by cable 70 England by
SECRETARY EyaIts informing the Direct Gable Company
that the consolidation with the AugloAmercan Company
was violation Of the grant under which the
direct cable was landed in ;he United States, Mr..
Field said Secretary Eyarts had no more authority
to send such dispatch than my coachman had a
strange feature about IL was the failure 20
telesraph it in cipher as other Government
DISPATCHES are forwarded, thus saving expense
and keeping the message private. This leter
WAS not only sent in fu but furnished to the press
Of America and England long before il reached the OIL
GERS u the company. 1 spoke to Minister PerrepOnt
about the document and he said thai be had not received
any iumauon the subject from Secretary Evars. aud
knew nothing OF the matter until the dispatch arrVsd'
1r F,d stated tAat tic letter had 40 percepiibe effect
iu England, and the impression seemed 10 be That TIE
Secretary had uknoVu4y been duped 10y persons " 10
desired the letter Tor socSjo'bng purposes lie cab DO
nothing Ia the matter" sand Mr. Field or not one
dollar is invested here nor any 0i the stock held la
THIS country sAOGd Congress take action, ana order
might temporarily emDarrnss the COMPANY, but
only for short time. landing could easily De effected
about eight miles from that coast, and the position would
be similar 10 the Ansl0AneIlcan company IN operating
would leave in the hands OF the Direct Company yau
aldo franchise worth. perhaps from -, 100000 90
Foundand with the American coast, and the only per
SONS injured by such acton Of Congress would De ths
Americans.
Referring To the report that Of the principal OBJ
iects OF his visit Europe the raising or money 10
AID IN the completion OF the NewYur Elevated Railway
OH the side OF the city, Nh Field said: do not
say anything about tnat nut VIII say tat the
Elevated Road VIII be built AZ As early uay, ana
with - hide cost possible" Mhle in Lon
don. Mr. Field spent several days IN examining
the condition and working Of underground RAPID
transit IN company with sir Edward WatSn. Chairman
Of the Underground Railway Company or London, ana
this gentleman stated tuat wLle That ROAD was pay az
sDcndidy he would advise the construction or elevated
railways The underground roads, he stated. wcro very
expensive and passengers were more or less SuJectcu
10 ampucss and Dad ventilation. Dir Field states that
a contract has entered into To build one and one
additional ulie- Of the underground road IN Lon
don, make connection with another branch, AT cost
II A25OO 900, ana spite u this enormous expense II
IL claimed that the road not only pays running expenses
but the company will be able 20 declare handsome div
In regard 10 the New-IOrk Elevated Railroad IT. was
stated ny Mr. Fields secretary that decision oi the
Court Appeals Xprcted this month on the ques
Of rght OF way, that n was the opinion OF the
best lawyers that the decision would be- favorable 10 the
road. a.. inferior rulings had been. A. soon a. the
decision announced IN their favor, he says, Work vi"
be begun.