The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-06-29
Atlantic Cables.

! . cRr,r sc,reMr FOR ADDITIONAL WIRE COM.
MrNrcATrov BETWEEN THE CONTINENT
rwo MORE LINES TO CONNECT EUROPE AND
AMERICA.
A new scheme for laying additional At
lan;ie caIiles has been announced by Alder
man Uadey. Of London. This gentleman,
after several weeks OF negotiation In this
country, has at length completed what he
regards as most satisfactory arrangements
for LAYING and operating a new cablc-linc
between England and America. The New
| York Times of yesterday has the following
on the subject The name Of the new COM
pany is the American, British and Cont
mental Cable Company, otherwise known
as the "a. B. C." Gable Company.
lis capital-stock Is G1 .500.0 01. d.
vided into 100000 shares at cl0 each.
This has all been subscribed by Eneh-
capitalists, who include some OF - .,cst-
known and strongest financial men Of Eng
| land. The man Office OF the company will
be in London. The objects Of the associa-
ton, as described in the articles Of incor-
p0ration, are to establish communication be-
tween Sable Island and Belle Isle and any
other points that may be selected on The
shores OF the Dominion Of Canada and
NWtU DUltlsN ~ may N' NNVN'h WI 'hN
shores of Great Britain and the European
Continent or elsewhere. and also between
! any DointS on the Pacific coast OF the DOmin-
ion OF CANDIDA and Japar. China, Australia,
and India. Although this colossal scheme
contemplales girdling the earth. for the
present at least, operations will be confined
| 10 cable LAYING between England and
America. The extensive powers con-
ferrcd on the company are de-
rived from a special act OF Par
| lament. which. in addition to granting
authority 10 lind cables nc any point on the
shores OF the Canadian dominion, gives the
right 10 connect the same with the lines OF
the Government or any other telegraph
company. The early completion OF the
Canadian Pacific railway and the c0nSe-
duent and natural increase in emigration
and trade will afford. il is believed, a great
amount OF business for the new company,
and is, in fact. one OF the inducements that
has been held out 10 investors in the COM
pany'S stock.
Two cables are proposed. One will start
from a point TO the north OF Glasgow, Scot
land. and land at Belle Isle. which is about
500 miles north OF Hearts Content, New
foundland. the landing point OF the origi-
nal Atlantic cable. BY connection with
the Canadian lines at this point direct COM
munication' will be established with every
par; Of the Dominion. This will be known
rs the northerly route, aud will be several
hundred miles less i'm length than the south
erly route, besides crossing no other cables.
The southerly route will be established
by laying cable from Penzancc, on
Lands End, the most Southerly point Of
England, TO Sable Island. which is about
200 miles southeast OF Halifax, Nova Scotia.
From thence to the eaStcriy end OF Long
Island will bc laid connecting cable
which will afford telegraphic cOmmunica-
ton direct between London and New York
city. The land for the Long Island termi-
nus has already been secured. The cables
are now being manufactured at llcnley's
works. London. The work OF laying them
will begin in September next or the
month following. and the company pre-
diets that it will be completed during
the present year. By new pro-
cess of manufacture, OF which the compa-
ny is the proprietor OF the patent, the cost
OF the cable over the southern route is est-
mated At cGjO,OO0, including brokerage
and every expense. The average cost Of
Atlantic cables has been about Ct 500. coo.
Inc ldtUA NlilND tlldfitN iIf NOlIDdUN
to prepare so much cheaper a cable in
cludeS certain improvements by which
copper wire of greater conductive power
can be manufactured, and more
permanent insulation secured. Landing
rights have been secured by the COM
pany in France. Belgium, and Holland, and |
the company promises to furnish the public |
and the commercial world with facilities
for rapid communication, such as are now
afforded by no other company. In the ar
tices of agreement which Alderman Had
ley has drawn up between the cable COM
pany and the American Telegraph Com |
pany. with which connection is to be made, |
il is stipulated that no pooling Of earnings |
or combination with other cable companies |
shall take place.
Alderman lIadley, who is acting in be-
half OF the company. is at present the Sc
Nor alderman Of the Juniors in the Lon
don Common Council, and by virtue Of
that fact is in the direct line OF promotion !
to the Lord-Mayoralty OF London town.
In fact, his election to this Office will occur
in September, and he will be sworn in as
Lord Mayor on the Sth Of the following
November