Daily globe., 1882-09-18
A SUBMARINE TELEPHONE.
Organization of ii Company to Lay a Trans
atlantic Telephone Cable-Edison's Elec-
trio Light in Europe, Asia and Australia.

Organization of ii Company to Lay a Trans
atlantic Telephone Cable-Edison's Elec-
trio Light in Europe, Asia and Australia.
Especial Telegram to the Globe
New YORK, Sept. IA novel and in
deed stupendous project is at present oc-
cupying the attention of number of re-
nowned electricians and capitalists, both
here and in Europe, viz: the establish
ment of telephone communication be-
tween America and Europe by means of
submarine cables, now in course
of construction, and which will
be peculiarly suited to that
purpose. At first glance the scheme of
establishing speaking connection between
the two hemispheres appeared so chimeri-
cal that the GLOBE reporter ventured to
express doubt on the subject, but further
inquiries convinced him that
not only had the plan
been put into practicable shape, but tel
ephone company had already been granted
privileges by the Frenchsauthorities, and
that representative of the concern was
now in New York to further its interest.
The company includes among its leading
members many of New York's largest
and most influential bankers
So far the projectors of the scheme have
bee-'. successful in keeping notice out of
the public prints. These gentlemen do
not intend the stock of the company to get
on the market here, but rather to work it
through a syndicate. It was learned
that aready a leading Wall street
banking house has become officially
identified with the scheme, and is now on
the list of subscribers of the $4,000
worth of shares. Quiet experiments have
succeeded in demonstrating that the
human voice can be distinctly heard at
least 10000 miles, and the inventor of the
submarine system proposes to apply new
system to repeaters which will render trans
mission over any distance at sea as easy
as on land.
While investigating the model of the
telephone by which one man in New York
will be enabled to converse with another
at Vienna, London, and ST. Petersburg
The correspondent obtained some
interesting information as to
the ramifications of the electric light. Edi-
son in his retirement has evidently had
sufficient time to still further extend the
uses of his new discoveries for the purpose.
A new company has been organized with
headquarters in London, by which
the natives Of the far east
are to enjoy this luxury. The
conpany's field of operations will extend
to China, Japan and Australia. Already,
one of the best electricians in England,
has been sent out to Sydney to begin opera
tions, and the Australian business popule-
ton is said to be quite enthusiastic over
that prospective acquisition of the great
illuminator. The stock of the COM
pany, which is placed chiefly
upon the English and European market S
is held at e5, and has already been taken
up. A few days ago Mr.. Edison said that
before many weeks the price would run to
e1OO. That there have been vast fortunes
realized recently in electric stock
speculations there is no doubt
Among the lucky in stocks Or shares.
Ex-Post- master General James is spoken
of as having made quick fortune. He
purchased some 5000 shares of the Bell
Telephone stock, as the saying is, '.for a
mere song,'' and sold out when they
reached the figure of $500 per share.