The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1891-04-29


George Walter Niven treats in
detailed and able manner of 1.-The
Submarine Telegraphs of the World"
In the course of his article Mr.. Niven
quotes as follows from an interview
with Cyrus W. Field, who is called,
"the father of the transatlantic ca
ble:"
In few years l feel certain that
a cable will be stretched across the
Pacific, connecting San Francisco
with Japan. 1t will run from the
California coast to the Sandwich Isl
ands, and from thence to Japan,
with branch line to China. AS
soon as this line is established it will
give an immense impetus to our Ash
attic trade. The Atlantic cable lines
have made possible for US CONNER
cial development IN the European
markets that would never have been
attainable without Geographic COM
munication. We would have re-
NAMED isolated to large extent,
and our national progress would not
have approached it's present dimen-
sions for many years to come.
In the course of his article Mr..
Niven brings out the following facts,
which are condensed below:
There are at present twenty-six
submarine cable companies with ca
pital of 5000, 100000; annual revenue,
with subsidies, SIG, 020, 300; sinking
fund, $1S, $50, O00 dividends range
from one to fourteen and three quar-
tiers per cent. Atlantic cable re-
ceipts are about 81 1000, 900 year.
The Eastern Telegraphic Company
has seventy cables of 81, 1853 nautical
miles; the Eastern Extension, Aus
tralasia and China Telegraphic Com
pany has twenty-five cables of l2,-
| 958 nautical miles; the Anglo me-
rican Telegraph Company has thir-
teen cables of 10, 1876 nautical miles {;
the British Government has one hun
dred three cables, along its
shore lines, of ,489 miles; or, in
Guiding the British Empire, two hum
dred sixteen cables with nautical
mileage of 3,81 miles. France owns
fifty-one cables with nautical mile
age of 3,269. The oldest cable
in use is that between Dover and Ca
lais, which was laid in 1851. Eng
land and Ireland were first success
fully connected by cable in 1858.
The first successful transatlantic cable
was laid in 1858. Cables laid in shall
low waters are subject to the most
dangers. The bulk OF The cables
now in use are owned by private
companies.
Hon. Cyrus Field, an American,
from whom the bulk of the informa-
ton in the article referred to seems
to have been CLEANED, says that the
Atlantic cable system opened up a
new era in the commerce Of the Unit
ed States and Europe. When the
Atlantic cables were first in opera
ton the daily average of cablegrams
was fifty each way now the daily
average is about 5000. When the
Atlantic cables were first opened the
charges were S. word for English
and SO a word for cipher des-
patches. AT present a cablegram
can be sent for twenty-five cents a
word and press matter at half rates.
Mr.. Field also states that when the
Atlantic cable was first opened the
United States Government paid the
cable company $4,000 for p
message to Paris demanding the re-
moval of French troops from Next
can territory, during the Macmillan
trouble. A Russian despatch to New
York, about the same time, cost 81 l.
900, and the correspondence des-
patches of the New York Herald
often reached $4,000 in early cable