Year: 1862

TIE ATLANTIC TELEoRAPH.-By the last
steamer from Europe we received some further
intelligence touching the progress of the efforts
that are being made in London towards the
revival OF the Atlantic telegraph. The amount
Of new capital called for is 100000 which
Is divided into one hundred and twenty
thousand shares, Of E5 each. the whole
being entitled to . preferential dividend
OF eight per centum per annum in priority to
the payment of any dividend on the old capi-
tai. Besides this preference, the new stock
VIII share equally with the old in any profits
that may accrue after providing for dividend
OF four per centum on the latter.


The financial results Of the enterprise, as
estimated by Mr.. Saward, the secretary Of the
company, are as follows:-Gross income,
4SS,000-which amount will leave, after de-
Quoting E25,000 for working expenses, net
profit Of s4l3,0O0 per annum. The calculation
which gives the gross amount Of income Is
based on tho assumption that two hundred and
forty messages per day from each side of the
Atlantic will be sent over the wires-an amount
of business which will seem excessively small
when compared with that done by the two con-
tinental cables, which transmit, at the present
time, an average Of fifteen hundred messages
per day-an average, too, which is daily in
crsasing in amount. Assuming that this esti-
mate is not overdrawn, the company will be
enabled to pay . regular dividend Of
ton per cent in addition to the special
dividend provided for the old and new stocks
roS hat - svsS - ns~
per cent on the new stock and of fourteen per
cent on the old; end, after providing for these
dividends, there win remain balance Of up-
wards Of s240,OOO for the formation of a re-
served fund-a sum practically sufficient says
the secretary, to pay for an additional line Of
Gable every two or three years.


We understand that the prospects Of the COM
pany continue to be very encouraging. One
hundred thousand pounds sterling-irrespec-
tive Of intended subscriptions by the direc-
t0rs-have already been subscribed to the new
capital, and the list is being rapidly filed up.
Mr.. Cyrus w. Field, who has spent the greater
part of the summef in London, in constant COM
munication with the projectors of this great
enterprise, will arrive here in the Persia, which
left Liverpool on the goth. 1t Is his intention,
we believe, to make further efforts to push the
interests of the cable on this side Of the
Atlantic


II is scarcely necessary for us to recommend
the American public to give Mr.. Field all the
aid that it can. The importance of tslegraphic
communication with Europe was never more
by our people than at present,
when foreign governments are eagerly watching
an opportunity to further oomplicate matters
here. That there is an equally strong desire
on the part of England end France to sec the
enterprise carried through may be assumed
from the intense interest with which the arrival
Of every steamer from this country is looked
FOR. With such powerful motives actuating
capitalists on both sides, and such favorable
conditions as have been obtained from the
of the cable, we SEQ no rsason
why the line should not be laid and In working
order by the beginning Of September next