, 1881-06-19

ANENT DEEAN lEAEGRtt11IN ~<A''4'4'.7'
Special Dispatch to The Chicago Tribune"
NEw York, June 1s-There is i good
prospect OF very interesting, If not eXclt-
ing, imbroglio anent the ocean telegram
cables aud the business connected Herewith,
both i'll Europe and America, before snow
flies. Tie fact has been made pubic thal
the steamer Faraduy has successfully ald
one cable across the ocean within the past
month without making any particular 1uss
about the exploit The shore end VIII sooh
be laid OH the other side. Another cable Will
also be laid, and both will be in working Or
der on or before the LIST of Sep
tember. They are believed to be tile finest
ever manufactured. The one already down
tests splendidly, so it is reported by teles-
rapbers. Both of these new cables belong 10
the proprietors Of the recent American Union
Telegraph Company, now merged INTO Tue
Western Union Telegraph Company. Ihey
are supposed to he. and probably are'
UNDER THE CONTROL. OF MIR. JAY GOULD
and his associates. During the past month
al official connected with the Anglo-Amerl-
can Cable Company has been here, "havlng
been sent from London" endeav0rlng to ell
ter into some arrangement with the proprle-
tors Of the new cables by which
community of interest might oe
brought about as, to the furtnef taT!h VI
rates which shall be charged when the new
cables shall be put into practical operation;
This official took his departure for England
during the past week, his mission proving
futile one. lie was unable to effect any
arrangement with the Gould Interest What-
evrr and will doubtless ST., so repoffE 70 70 nea. ,tze
ence was known to but few even ot the
Americans interested III tile Anglo-Anierican
Gable Company. But it is now 1utimated
that they very recently were sladt
cooS1zASr OF THE FACTS
in the case, and rumor has it that there has
been some quiet selling out Of cable stocks a
little under the immense sums per share at
,,,any Mar4 years quoted. Who tue :Iambs >
we're that made the purchases is Of
course not known. but it is asserted that they
t1o not include in their number any OF the
II is understood that wllen the new cables
are finished that the connections vii! be inl-
mediately made with the Western
Union wires in this country, o',
the ground that said cables are tile
property Of the Company. Inherited as such
by reason If the consolidation of the Arneri-
can Union Company with the Western Union.
The contract with the AnglO-Amerlcan COM
pany will undoubtedly be abrogatetl, us it IS
said to possess many loop-holes through
when IL WI! uOl Ut uuutule AoA 1A4AtA4eaA
legal talent to
WORK IT'S DESTRUCTION.
The connection then being made with the
whole telesraphic. system of this Continent,
tile new cables will, Of course, bring to and
carry from America all Of tile material
business of the world, to the profit
of tie Western Union and its
connexions. This will give it under such a
regime a virtual control Of the most lnlpor-
tant and profitable telegraph business Of the
world. There is, however, another project i, t
eildeu arrangement. II. is said in
another set Of telegraphic cir
cles that grand telegrapllic scheme
is being mapped out, which is to be put into
operation this summer, whereby. new wires
are to be erected IT, every point IN this
syssen.. This scheme is said to have secured
SIS 00O, 900 in subscription. with such CAP
SAMUEL J.. TILnEE,
William Fl. Vanderbilt, Cyrus W. Field, and
several Western capitalists, who have fully
resolved that system OF most perfect teleg-
raphy can be erected throughout this conll-
try from San Francisco to Calais,
from the Rio Grande to the lakes,
tie remaining $1,000, ,00o to be held for work:
Ing expenses. Should the break indicated
above be made with the Anslo-Anerican
Cable Company, it will afford an excellent
opportunity for that company to make o
new connection. and thus enable Mr.. Cyrus
II. Field to indulge his beloved American
fe]low-citizcns with what has been his nro-
fessed hobby for the past ten years-namely !;
cable tariff from New York to London Of
six cents per word, and i land tariff from
New York to any part Uf this continent Of
ten cents for every twenty words.