Year: 1865

It is now nearly seven years since the fit attempt to connect the Old World and thu New by an electric telegraph produced so muci spontaneous enthusiasm in it's early prospect ol success, and so much disappointment by itsl sudden failure. Many people were led to be. lieve by this early misfortune, which must have brought immense loss upon the projectors, that the enterprise would be permanently abandoned but the experiment., though expensive and hu initiating in its issue, discovered the true mode of success, to men of enterprise and science.

 The grandeur and importance of the scheme, and the great profits that would flow from it's success, stimulated renewal of the project. A new company was formed, composed in part of some of the members of the former one, with princely capital, and the arrangements for the second trial have been for some months in course of preparation.

 The steamship Great Eastern was selected to receive the new cable, and deposit it in the bed of the Atlantic.

 The cable now nearly completed. is 2,6OO miles long. It's central conductor consists of seven fine coppered wires, twisted into one complete strand, and perfectly insulated. Four layers of -gutta- -percha inclose it, each of them insalatea like the conductor itself This outer covering is protected by eleven strong iron wires. each wound with strands of hemp, satu- rated with tar. During the process of manu: fracture, the cable has been kept constantly ex- posed to severe tests of it's conductive power and of its insulation, having been all the time immersed in water and traversed by electric currents of such density and force as to devel- op the weakness of the wires, if any had ex- isted. The difference between the process of manufacture of the first cable and of the pres- ent is remarkable. Then, everything seems to have been taken for granted now, nothing is left to chance or theory. The strength of the cable, as well as its insularity and 'conductivi- ty,' has been perfectly established. It will bear weight of nearly eight tons, and can safely be depended on to support eleven miles of it's length in water. Instead of being con- mitted now to two ships as formerly, the whole cable is slowed on board the Great Eastern and to that vessel, aided by consorts which will supply assistance, but carry none of the wire, the great task of depositing the cable on the bottom of the Atlantic is to be intrusted It is slowed in three tanks, which are respect lively; 5l feet, 58 feet in., and 58 feet in di- ameter, and will hold :coil-the first of 630 miles, the second of $40 miles, and the third of 83O miles of cable. The mechanical ar: rangements for its delivery are not materially different from those on the Niagara and Aga ;. memnon. It is on the character of the cable it. self that the company rest their chief hopes of a more permanent success than attended their last experiment. It is expected that the enterprise of laying the cable will be commenced about the middle of July. The steamer will not move over five or six knots an hour, ana Ine vuyugc about two weeks. The result will be watched by thousands on both side of the Atlantic, with great interest and if it is successful, the event will be hailed with joy.

 The past four years have taught us to feel more independent of foreign sentiments than formerly. We care less what Europe thinks or proposes, as long as she lets us alone. But there are thousands upon the other side of the Atlantic, who are looking to us for lessons in liberty, and the inspiration of their being uni ted to us by so close a bond, will have its nflu- ence upon the progress of free thought in the i old world. In a commercial view also, such speedy and certain communication with our neighbors is of the greatest importance Our mutual industrial interests are every day be- coming more complicated and interesting, and anything that will tend to make these re- i lations more secure and simple, will greatly promote our prosperity.

 fS@ very painful and disgraceful collision