Show Cable Cuiiipclllluii LONDON January 22SIr 1endei address ins a boding of shareholders of tile Direct Cable Company jo leiday said tint tile Conimoroial lrs Companj had carried awayt70000worlhof le traftio and that while this trallio did not benefit the Commercial Colpllny the loss of it would severely injure in-jure the pool complines He thought Ilia Mr Maokay was too good a business man to on a light to a disadanlngeous end carry tl 1 As for himself ho Ot llioughl I i1 useless to t m crease the sixpenny rate until the oomp ui had reached the point of pijing a fair dm dond and maintaining a reserve fund If the rreneh company withdrawa from the I pool it ought in honor to return tho fJiO OCO it received in excess of its earnings |