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Show ATLANTIC CABLE. Cpiwwi Want to Sink Another Wrc Ilttnmi Irtlana anU America. WHAT THE IRON CHANCELLOR IS DOING. Kmll 7.1cailc JItmlitr or the nl- cldc Clnli, Is VoictI Iulo Llcrullj. RETURN OFTHE EXPEDITION TO MOUNT ELIAS. A Horrihle Calastr.niho Arcrtcil on the IjVp ..Shore nnu Jllclngan S'julhcni KailroaJ. By Telejraph to the Mrs. NUtV CAULK To be Laid Arn, the Atlantic at tlie Coinrcsoo,ooo. loxdon, OcL 13. It has Just leaked out that a meeting lias taken Iilacu of a number of capitalists, hea.Itil by C. A. Usnynu ol San Francisco, with oljcct of arranging fur the immraliate putting into o,e-ratioii o,e-ratioii of a !-chemo for layiu;; a new" cable acron the Atl tulle ocean. The undertaking is capitalized thus: rSOO.OW of i-trick is to bo taken bjr tibt men at fliM.OOO tstcli, to be fully paid up nud no debentures !tied. Thecalileis tobulalddoAn front Valrntta Itsy, on then tit coast of Ireland, to a lnt on the American Ameri-can coat near New York, If forcible. forci-ble. Mr. Itonynge was 6e;u at Ids home in l'rliicesa Gate. He raid: I am one cf the iwople Iutertted and I have id up I(M,OUJ. Tile cable, iiowever, will prattically be a private enterprrs-, as we rill not ro to the public with debentures. Ve can lay the cable compkte and in working order for -O).000 and it will be odd if we cannot iay bl 'iivmeudb and give the pumli- lui-men lui-men advantages tetldt-i. Kurtlier than this I prefer to My nothing." It H thought that the real ol.ject of Ihisentenriie ii a reduction of the cable rates. Those intere&ted say that satisfaction can Ik.- given and good service carried on at the rate of three ieuce a w ord. ati 1 a largedividend (aid into the burg tin. Mr. Itonynge will rail for New Yoik by the Teutonic on the '-Mi to make the American arrauKeiueiilj. As a part of the plnti It is decideil that the comjiany shall liulld and own its own wires from New York to Chicago, Chica-go, riu l.oul.", liortoil and riuLtdrl-phia riuLtdrl-phia and then control absolutely and exclusively the greatutt share of all the American buintss. |
