Part 15
----+-------------------------+---------------------+---------+ | | Iron. | | No. | Cable. +-----------+---------+ lbs. + | | Weight. | Length. | G. P. | ----+-------------------------+-----------+---------+---------+ 1 | Dover and Cape Grisnez | | | 13,230 | 2 | Dover and Calais | 314,600 | 260 | 14,820 | 3 | Holyhead, Howth | 156,480 | 960 | 11,400 | 4 | {Portpatrick and } | 316,200 | 300 | 20,312 | | { Donaghadee } | | | | 5 | Denmark | 164,748 | 162 | 5400 | 6 | Dover, Ostend | 1,138,320 | 1080 | 73,125 | 7 | Frith of Forth | 77,800 | 200 | 8180 | 8 | Italy, Corsica | 1,597,200 | 1320 | 104,940 | 9 | Corsica, Sardinia | 145,200 | 120 | 9540 | 10 | Holyhead, Howth | 295,640 | 760 | 15,504 | 11 | Do. | 295,640 | 760 | 15,504 | 12 | {Portpatrick and } | 328 | 848 | 312 | | { Whitehead } | | | | 13 | Sweden, Denmark | 137,020 | 130 | 5558 | 14 | Black Sea | | | 56,763 | | | | | | | {Prince Edward’s } | | | | 16 | { Island, New } | 46,512 | 144 | 1905 | | { Brunswick } | | | | 17 | England, Hanover | 807,680 | 3360 | 66,360 | 18 | -- Holland | 2,439,840 | 1366 | 110,976 | 19 | Liverpool, Holyhead | 161,400 | 300 | 5925 | 20 | Channel Islands | 450,306 | 837 | 14,787 | 21 | Isle of Man | 193,680 | 360 | 7344 | 22 | England, Denmark | 2,734,200 | 4200 | 124,425 | 23 | Folkestone, Boulogne | 429,120 | 288 | 20,520 | 24 | Singapore, Batavia | 564,300 | 9900 | 112,200 | 25 | Sweden, Gottland | 248,064 | 768 | 10,176 | 26 | Tasmania | 933,600 | 2400 | 38,160 | 27 | Denmark, Great Belt | 203,280 | 168 | 13,365 | 28 | Dacca, Pegu | 119,016 | 2088 | 21,228 | 29 | {Newfoundland, Cape } | 290,700 | 900 | 13,515 | | { Breton } | | | | 30 | First Atlantic | 5,140,800 | 428,400 | 748,000 | 31 | {Sardinia and Malta: } | 3,326,400 | 12,600 | 111,300 | | { Dardanelles to Scio} | | | | | { and Candia from } | | | | 32 | { Scio, Athens, to } | 631,104 | 8304 | 82,521 | | { Syra and Scio } | | | | 33 | Sardinia, Bona | 707,000 | 1500 | 42,750 | 34 | Red Sea and India | 6,126,714 | 63,168 | 743,908 | 35 | Sicily and Malta | 499,100 | 700 | 10,080 | 36 | Barcelona, Mahon | 538,560 | 2880 | 25,920 | 37 | {Iviza to Majorca: St.} | 639,900 | 2700 | 31,800 | | { Antonia to Iviza } | | | | 38 | Toulon, Algiers | 465,600 | 4800 | 93,600 | 39 | Corfu, Otranto | 427,800 | 600 | 11,700 | 40 | Toulon, Corsica | 189,150 | 1950 | 39,000 | 41 | Malta, Alexandria | 5,829,930 | 27,630 | 10,745 | 42 | Wexford | 687,204 | 756 | 36,288 | 43 | England, Holland | 2,439,840 | 1360 | 110,976 | 44 | Sardinia, Sicily | 223,100 | 2300 | 42,400 | 45 | Persian Gulf | 9,677,544 | 17,988 | 357,500 | ----+-------------------------+-----------+---------+---------+
(continued)
----+--------------------+--------- | Copper. | Length No. |----------+---------+ of | lbs. | Length. | Cable. ----+----------+---------+--------- 1 | 3300 | 30 | 30 2 | 7060 | 104 | 26 3 | 5400 | 80 | 80 4 | 10,125 | 150 | 25 5 | 2052 | 54 | 18 6 | 36,450 | 540 | 90 7 | 18,520 | 20 | 5 8 | 44,550 | 660 | 110 9 | 4050 | 60 | 10 10 | 51,300 | 76 | 76 11 | 51,300 | 76 | 76 12 | 22,280 | 10,530 | 16s 284 13 | 2633 | 39 | 13 14 | 24,098 | 357 | 357 15 | 11,678 | 173 | 173 16 | 1134 | 84 | 12 17 | 30,240 | 2240 | 280 18 | 78,336 | 544 | 136 19 | 3376 | 50 | 25 20 | 10,230 | 93 | 93 21 | 2430 | 36 | 36 22 | 6700 | 4200 | 350 23 | 7776 | 576 | 24 24 | 86,350 | 3850 | 550 25 | 6048 | 448 | 64 26 | 16,480 | 240 | 240 27 | 5628 | 84 | 14 28 | 18,096 | 812 | 116 29 | 8500 | 595 | 85 30 |340,000 | 23,800 | 3400 31 | 70,000 | 4900 | 700 32 | 51,900 | 3633 | 519 33 | 80,000 | 500 | 125 34 |547,404 | 24,563 | 3509 35 | 7000 | 490 | 70 36 | 16,740 | 1260 | 180 37 | 18,000 | 1200 | 150 38 | 44,640 | 3360 | 480 39 | 5880 | 420 | 60 40 | 18,135 | 1365 | 195 41 |532,645 | 10,745 | 1535 42 | 23,436 | 1764 | 63 43 | 78,336 | 544 | 136 44 | 36,000 | 1610 | 230 45 |292,500 | 1499 | 1499 ----+--------+---------+---------
F.
SUBMARINE TELEGRAPH CABLES
_Now in successful Working Order, the Insulated Wires for which were manufactured by the Gutta Percha Company, Patentees, Wharf Road, City Road, London._
Column Headings:
A: No. of Conductors. B: Length of Cable in Statute Miles.
---+-----+-------------------+---------------+---+-------- | Date| | | | No.| when| From | To | A | B |Laid.| | | | ---+-----+-------------------+---------------+---+-------- | | | | | 1| 1851| Dover | Calais | 4 | 27 | | | | | 2| 1853| {Denmark, across} | | 3 | 18 | | { the Belt } | | | 3| 1853| Dover | Ostend | 6 | 80½ | | | | | 4| 1853| Frith of Forth | | 4 | 6 5| 1853| Portpatrick | Donaghadee | 6 | 25 6| 1853| Across River Tay | | 4 | 2 7| 1854| Portpatrick | Whitehead | 6 | 27 8| 1854| Sweden | Denmark | 3 | 12 9| 1854| Italy | Corsica | 6 | 110 10| 1854| Corsica | Sardinia | 6 | 10 11| 1855| Egypt | | 4 | 10 12| 1855| Italy |Sicily | 3 | 5 13| 1856| Newfoundland | Cape Breton | 1 | 85 14| 1856| {Prince Edward’s |} New } | 1 | 12 | | { Island |} Brunswick} | | | | | | | 15| 1856| Straight of Canso.| {Cape Breton,}| 3 | 1½ | | | { N.S. }| | 16| 1857| Norway . across Fiords | 1 | 49 17| 1857| {Across mouths |} | 1 | 3 | | { of Danube |} | | 18| 1857| Ceylon | {Mainland } | 1 | 30 | | | { of India} | | 19| 1858| Italy | Sicily | 1 | 8 20| 1858| England | Holland | 4 | 140 21| 1858| Ditto | Hanover | 2 | 280 22| 1858| Norway across | Fiords | 1 | 16 23| 1858| South Australia | King’s Island | 1 | 140 24| 1858| Ceylon | India | 1 | 30 25| 1859| Alexandria | | 4 | 2 26| 1859| England | Denmark | 3 | 368 27| 1859| Sweden | Gotland | 1 | 61 28| 1859| Folkestone | Boulogne | 6 | 24 29| 1859| {Across rivers} | | 1 | 10 | | { in India } | | | 30| 1859| Malta | Sicily | 1 | 60 31| 1859| England | Isle of Man | 1 | 36 32| 1859| Suez | Jubal Island | 1 | 220 33| 1859| Jersey | Pirou, France | 1 | 21 34| 1859| Tasmania | Bass Straits | 1 | 240 | | | {(Great Belt)}| | 35| 1860| Denmark | { (14 miles }| 6)| 28 | | | { (14 miles }| 3)| 36| 1860| Dacca | Pegu | 1 | 116 37| 1860| Barcelona | Mahon | 1 | 180 38| 1860| Minorca | Majorca | 2 | 35 39| 1860| Iviza | Majorca | 2 | 74 40| 1860| St. Antonio | Iviza | 2 | 76 41| 1861| Norway across | Fiords | 1 | 16 42| 1861| Toulon | Corsica | 1 | 195 43| 1861| Holyhead | Howth, Ireland| 1 | 64 44| 1861| Malta | Alexandria | 1 | 1535 45| 1861| Newhaven | Dieppe | 4 | 80 46| 1862| Pembroke | Wexford | 4 | 63 | | | | | 47| 1862| {Frith of} | | 4 | 6 | | { Forth } | | | | | | | | | | | | | 48| 1862| England | Holland | 4 | 130 | | | | | 49| 1862| {Across } | | 4 | 2 | | { River } | | | | | { Tay } | | | | | | | | 50| 1863| Sardinia | Sicily | 1 | 243 | | | | | 51| 1864| {Persian } | | 1 | 1450 | | { Gulf } | | | | | | | | 52| 1864| Otranto | Avlona | 1 | 60 53| 1865| La Calle | Biserte | 1 | 97¼ 54| 1865| Sweden | Prussia | 3 | 55 55| 1865| Biserte | Marsala | 1 | 164¾ ---+-----+-------------------+---------------+---+--------
Column Headings:
C: Length of Insulated Wire in Statute Miles. D: Depth of Water in Fathoms. E: Length of time the Cables have been working.
---+---------+-----+-------------------------+-------- | | | | No.| C | D | By whom Covered | E | | | and Laid. | ---+---------+-----+-------------------------+-------- | | | {Wilkins & Wetherley, }| 1| 108 | . | {Newall & Co., Küper & }| 14 year | | | {Co., and Mr. Crampton.}| 2| 54 | . | R. S. Newall & Co. | 12 “ | | | | 3| 483 | . | {Newall & Co., and} | 12 “ | | | { Küper & Co. } | 4| 24 | . | R. S. Newall & Co. | 12 “ 5| 150 | . | “ “ | 12 “ 6| 8 | . | “ “ | 12 “ 7| 162 | . | “ “ | 11 “ 8| 36 | 14| Glass, Elliot, & Co. | 11 “ 9| 660 | 325| “ “ | 11 “ 10| 60 | 20| “ “ | 11 “ 11| 40 | . | “ “ | 10 “ 12| 15 | 27| “ “ | 10 “ 13| 85 | 360| “ “ | 9 “ 14| 12 | 14| “ “ | 9 “ | | | | | | | | 15| 4½ | . | {Nova Scotia Electric} | 9 “ | | | { Telegraph Co. } | 16| 49 | 300| Glass, Elliot, & Co. | 8 “ 17| 3 | . | “ “ | 0 “ | | | | 18| 30 | . | “ “ | 0 “ | | | | 19| 8 | 60| “ “ | 7 “ 20| 560 | 30| “ “ | 7 “ 21| 560 | 30| “ “ | 7 “ 22| 16 | 300| “ “ | 7 “ 23| 140 | 45| W. T. Henley | 7 “ 24| 30 | 45| “ “ | 7 “ 25| 8 | . | Glass, Elliot, & Co. | 6 “ 26| 1104 | 30| “ “ | 6 “ 27| 64 | 80| “ “ | 6 “ 28| 144 | 32| “ “ | 6 “ 29| 10 | . | “ “ | 6 “ | | | | 30| 60 | 79| “ “ | 6 “ 31| 36 | 30| “ “ | 6 “ 32| 220 | . | R. S. Newall & Co. | 6 “ 33| 21 | 15| Glass, Elliot, & Co. | 5 “ 34| 240 | . | W. T. Henley | 5 “ | | | | 35| 126 | 18| “ “ | 5 “ | | | | 36| 116 | . | “ “ | 5 “ 37| 180 | 1400| “ “ | 5 “ 38| 70 | 250| “ “ | 5 “ 39| 148 | 500| “ “ | 5 “ 40| 152 | 450| “ “ | 5 “ 41| 16 | 300| Glass, Elliot, & Co. | 4 “ 42| 195 | 1550| “ “ | 4 “ 43| 64 | . | {Electric & Interna-} | 4 “ | | | { tional Tel. Co. } | 44| 1535 | 420| Glass, Elliot, & Co. | 3½ years 45| 320 | | W. T. Henley, _laid_ | 4 “ 46| 252 | 58| Glass, Elliot, & Co. | 3¼ “ | | | | 47| 24 | | {Electric & } | 3 “ | | | { International } | | | | { Tel. Co. } | | | | | 48| 520 | 30| Glass, Elliot, & Co. | 2¾ “ | | | | 49| 8 | | {Electric & } | 3 “ | | | { International } | | | | { Tel. Co. } | | | | | 50| 243 | 1200| Glass, Elliot, & Co. | 2 “ | | | | 51| 1450 | 120| {W. T. Henley and } | 1 year | | | { Indian Government} | | | | | 52| 60 | 569| W. T. Henley | 9 mths. 53| 97¼ | | Siemens Brothers | 3 “ 54| 166 | | W. T. Henley | 1 month 55| 164¾ | | Siemens Brothers | 1 “ --+---------+-----+-------------------------+----------
A great many Cables of short lengths, not included in this list, are now at work in various parts of the world; and other Cables, the Wires insulated by the Gutta Percha Company, have been laid by Messrs. Felten & Guilleaume, of Cologne, during the last eight years, amounting to over 1000 miles, and which are now in working order.
G.
ATLANTIC TELEGRAPH COMPANY.
Report of the Directors to the Extraordinary General Meeting of Shareholders, held at the London Tavern, Bishopsgate Street, on Thursday, the 14th day of September, 1865.
12, St. Helen’s Place, London,
_13th September, 1865_.
The sensation immediately consequent upon the recent accident to the Atlantic Telegraph Cable was one of profound disappointment, but this has to a great extent disappeared before the important and encouraging facts which were found to have been brought to light and practice during the expedition.
Not only has the future permanence of Deep-sea Cables been much enhanced by the greater convenience and safety with which they can be coiled and tested and payed-out since the Great Eastern has shown herself so well adapted to the work, but it has now also been proved absolutely that in the event of injury to the insulation, even after submersion, and while sunk in the deepest water, electricians are enabled with ease to calculate minutely the exact distance of the injured spot from ship or shore in a Cable 2,300 miles long.
It has further been proved that many miles of a Cable like that selected by the Atlantic Telegraph Company can, if so injured, be hauled in and repaired during the heaviest weather and from water 2000 fathoms in depth: and still more that even when a Cable is absolutely fractured, and the broken end lies at the bottom of an ocean 2000 fathoms deep, it is perfectly possible to find it and to raise it, and equally possible, according to the opinions of all those engaged in the recent expedition, to bring up the end of the Atlantic Cable, which is in that situation, and to splice it to the Cable on board the Great Eastern, so as to complete the communication to Newfoundland, so soon as apparatus of suitable strength and convenience can be manufactured.
In fact, so important have been the results of the last expedition in moderating every element of risk attendant on these undertakings, that the successful Submersion of submarine Cables will henceforward take its place as an event insurable for a moderate premium by the Underwriters.
The Directors, after careful investigation, therefore have determined not to relax in striving to bring to a successful issue the great work entrusted to their charge, but to press forward in the path of experience with increased vigilance and perseverance.
They have been encouraged in this view by the fair manner in which they have been met by the Contractors, with whom they have already entered into a contract for renewed operations.
Under this contract the Telegraph Construction and Maintenance Company undertake for the sum of 500,000_l._, which has been agreed on as the cost price, at once to commence the manufacture of and during 1866 to lay down, a new Cable between Ireland and Newfoundland.
The Contractors, if the said Cable be successful, but not otherwise, are to have, in shares and cash, a profit at the rate of 20 per cent. upon such cost.
The Contractors also undertake, without any further charge whatever, to go to sea with sufficient Cable, including that now left on board the Great Eastern, and all proper appliances and apparatus such as experience has shown to be necessary, and to use their best endeavours--in the success of which they entirely believe--to recover and repair and complete in working order between Ireland and Newfoundland, the present broken Cable.
It will be seen that circumstances have thus enabled the Board to effect a very considerable economy in the Company’s present operations.
It would no doubt have been a most gratifying circumstance if the recent accidents had not happened, and to the Directors this occurrence has been a grievous disappointment, but the circumstances surrounding the expedition and the increased confidence which, in spite of temporary discomfiture, has been given to the future of Deep-sea Cables, has enabled the Board to effect a new contract for the repair of the old Cable and for the submersion of a new one during 1866, on terms so satisfactory that if both these operations should succeed, the Company will actually be in possession of two efficient Cables for a less amount by 100,000_l._ than they would have been obliged to expend if the Cable of this year had been successful and the second Cable had been required to be purchased separately.
But the carrying out of this contract, so advantageous to the Atlantic Telegraph Company, involves the strenuous efforts of the Directors to raise an amount of money ranging from a minimum of 250,000_l._ to a maximum of 500,000_l._ in cash.
It is impossible that the Great Eastern ship could go to sea again this year to mend the existing Cable, and therefore such an operation, as a separate adventure, must be put out of the question, and even if undertaken separately would in itself involve an expenditure of some 120,000_l._, whereas for a sum of 500,000_l._ the Contractors are willing to make and lay a new Cable next year in addition to the restoration of the old one; they depending entirely upon success for profit.
The question which has had to be considered by the Directors in the interest of the Shareholders has been how best they might be enabled to raise this money.
The Eight per Cent. Preference Shares, though far below their real value, stand at 2_l._ 5_s._ per share, and if the Company were to adopt the alternative of winding-up its affairs, their intrinsic worth would not be 10_s._ per share.
The expenditure of the new money will certainly create fresh property, and probably resuscitate the old.
By its means the existing Eight per Cent. Preference Stock will doubtless be placed at par in the market before the sailing of the ship next year.
The Directors are, however, compelled to offer an inducement to those who are willing to come in and assist to place in that position the Company’s, at present, sinking property.
Acting under advice, and believing in the very large profits that undoubtedly await this Company when successful, they desire to offer a first dividend of 12 per cent., with participation in profits, after 8 per cent. has been paid upon the existing preference shares and 4 per cent. upon the old capital, to those who consent to supply the requisite funds.
The Shareholders will have the opportunity of subscribing for this new Preferential Stock, which is issued solely to protect their property. Those proprietors who subscribe to it are manifestly not injured in any way, as they absorb the whole profits of the Company. Those who do not subscribe pay in effect a small premium to the subscriber who comes forward to help them. It is considered by the Board that this is infinitely preferable to winding-up the Company, whereby the Shareholders would have the mortification of seeing the whole of their property sacrificed, and of seeing an undertaking pass out of their hands, when on the very eve of success, upon which so much attention has been bestowed, and so much experience gained by the expenditure of their own funds.
Such a sacrifice is totally unnecessary, for it can be ascertained by any one who will take the trouble to make a small calculation, that if each of the two proposed Cables can be worked at the very low rate of only five words per minute upon each Cable for sixteen hours a day at five shillings per word, which is believed to be a much lower rate than the pressure of business would admit of in the first instance, the traffic, after paying the dividend charges of 12, 8, and 4 per cent. respectively, amounting together to 144,000_l._ upon the capital comprised in those different stocks, and after adding thereto the very large sum of 50,000_l._ a-year for working expenses, would leave an enormous balance for paying further dividends or bonuses on the Company’s total capital, both ordinary and preferential.
BRADBURY, EVANS, AND CO., PRINTERS, WHITEFRIARS.
* * * * *
Typographical errors corrected by the etext transcriber:
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