“Hope lives eternal in the human breast.”
“Hope lives eternal in the human breast.”
Although the previous trials, with better gear, had proved unsuccessful; although the tackle now used was a thing of shreds and patches; although Mr. Canning and others said, “We are going to make this attempt because it is our duty to exhaust every means in our power,” and thereby implied they had little or no confidence of success; there was scarcely a man in the ship who did not think “there is just a chance,” and who would not have made the endeavour had the matter been left to his own decision. It was some encouragement to ascertain that there were only 1,950 fathoms of water below us. It was argued that, if the Cable could be broken at the bight, another drift about a mile from the loose end would be certain to succeed, as the loose end would twist round the eastward portion of the Cable, and come up at a diminished strain to the surface. A grapnel with a shorter shank was selected for the next trial. The cablemen were set to work to coil down the new rope and hawsers between a circular enclosure, formed by uprights on the deck behind the capstan. Ropemakers and artificers examined the rope which had been already used. They served the injured strands with yarn, renewed portions chafed to death, tested bolts and shackles and swivels, and bent on new lengths of rope and hawser, whilst the ship was proceeding to take up her position for another demonstration against the Cable. The line now employed, the last left in the ship, was a thing of shreds and patches. It consisted of 1,600 fathoms of wire rope, 220 fathoms of hemp, and 510 fathoms of Manilla hawser, of which 1,760 fathoms could be depended upon, the rest being “suspicious.” The morning was not very fine; but the wind was light, and on the whole favourable, and the only circumstance to cause doubt or uneasiness was the current, the influence of which could not be determined. The observations of the officers rendered it doubtful whether the buoy No. 2 had drifted, and it was rather believed that in the interval between the breaking of the grapnel and the letting-go of the buoy, the Great Eastern herself had drifted from the place, and thus caused the apparent discrepancy in position. At 7·45 a.m. the ship was alongside buoy No. 2 once more, and thence proceededto an advantageous bearing for drifting down on the Cable with her grapnel. The Terrible kept about two miles away, regarding our operations with a melancholy interest. At 11·30 a.m., ship’s time, the Great Eastern signalled “We are going to make a final effort,” and soon afterwards, “We are sorry you have had such uncomfortable waiting.” At 1·56 p.m., Greenwich time, when buoy No. 2 was bearing E. by N. about two miles, the ship’s head being W. and by S., the grapnel was let go, and soon reached the bottom, as the improvements in the machinery and capstan enabled the men to pay it out at the rate of fifty fathoms a minute. The fore-and-aft canvas was set, to counteract the force of the current, and the Great Eastern drifted to N.E, right across the Cable, before a light breeze from S.W. At first there was only a strain of 42 cwt. shown, and the ship went quite steadily and slowly towards the Cable. At 3·30 p.m. the strain increased, and then the Great Eastern gave some little sign of feeling a restraint on her actions from below, her head describing unsteady lines from W.N.W. to W. by S. The screw engines were gently brought into play to keep her head to the wind. The machinery and capstan, which had been put in motion some time previously to haul in the grapnel cable, now took it in easily and regularly, except when a shackle or swivel jarred it for a moment. Every movement of the ship was most keenly watched, till the increasing strain on the dynamometer showed that the same grip on the bottom which had twice turned the head of the Great Eastern, was again placed on the grapnel she was dragging along the bottom of the Atlantic. The index of the dynamometer rose: it marked 60 cwt., then it jerked up to 65 cwt., then it reached 70 cwt., then 75 cwt.: at last its iron finger pointed to 80 cwt. It was too much to stand by and witness the terrible struggle between the crisping, yielding hawser, which was coming in fast, the relentless iron-clad capstan, and the fierce resolute power in the black sea, which seemed endued with demoniacal energy as it tugged and swerved to and fro on the iron hook. But it was beyond peradventure that the Atlantic Cable had been hooked and struck, and was coming up from its oozy bed. What alternations of hope and fear—what doubts, what sanguine dreams, dispelled by a moment’s thought, only to revive again! What need to say how men were agitated on board the ship? There was in their breasts, those who felt at all, that intense quiet excitement with which we all attend the utterance of a supreme decree, final and irrevocable. Some remained below in the saloons—fastened their eyes on unread pages of books, or gave expression to their feelings in fitful notes from piano or violin. Others went aft to the great Sahara of deck where all was lifeless now, and whence the iron oasis had vanished. Some walked to and fro in the saloon; others paced the deck amidships.None liked to go forward, where every jar of the machinery, every shackle that passed the drum, every clank, made their hearts leap into their mouths. Captain Anderson, Mr. Canning, Mr. Clifford, and the officers and men engaged in working the ship and taking in the grapnel, were in the bows of course, and shared in the common anxiety. At dinner-time 500 fathoms of grapnel rope had been taken in, and the strain was mounting beyond 82 cwt. Nothing else could be talked of. The boldest ventured to utter the words “Heart’s Content” and “Newfoundland” once more. All through the unquiet meal we could hear the shrill whistle through the acoustic tube from the bow to the bridge, which warned the quartermasters to stop, reverse, or turn ahead the screw engines to meet the exigencies of the strain on the grapnel rope. The evening was darkling and raw. At 6·30 I left the saloon, and walked up and down the deck, under the shelter of the paddle-box, glancing forward now and then to the bow, to look at the busy crowd of engineers, sailors, and cablemen gathered round the rope coming in over the drum, which just rose clear of one of the foremasts, and listening to the warning shouts as the shackles came inboard, and hurtled through the machinery till they floundered on the hurricane deck.
About 20 minutes had elapsed when I heard the whistle sound on the bridge, and at the same time saw one of the men running aft anxiously. “There’s a heavy strain on now, sir,” he said. I was going forward, when the whistle blew again, and I heard cries of “Stop it!” or “Stop her!” in the bows, shouts of “Look out!” and agitated exclamations. Then there was silence. I knew at once all was over. The machinery stood still in the bows, and for a moment every man was fixed, as if turned to stone. There, standing blank and mute, were the hardy constant toilers, whose toil was ended at last. Our last bolt was sped. Just at the moment the fracture took place, Staff-Commander Moriarty had come up from his cabin to announce that he was quite certain, from his calculations, that the vessel had dragged over the Cable in a most favourable spot. It was 9·40 p.m., Greenwich time, and 765 fathoms had been got in, leaving little more of the hempen tackle to be recovered, when a shackle came in and passed through the machinery, and at the instant the hawser snapped as it was drawn to the capstan, and, whistling through the air like a round shot, would have carried death in its course through the crowded groups on the bows, but for the determination with which the men at the stoppers held on to them, and kept the murderous end straight in its career, as it sped back to the Atlantic. It was scarcely to be hoped that it had passed harmlessly away. Mr. Canning and others rushed forward, exclaiming, “Is any one hurt?” ere the shout “It is gone!” hadsubsided. The battle was over! Then the first thought was for the wounded and the dead, and God be thanked for it, there were neither to add to the grief of defeat. Nigh two miles more of iron coils, and wire, and rope were added to the entanglement of the great labyrinth made by the Great Eastern in the bed of the ocean. In a few seconds every man knew the worst. The bow was deserted, and all came aft and set about their duties. Mr. Clifford, with the end of a hempen hawser in his hand, torn in twain as though it were a roll of brown paper—Mr. Canning already recovered from the shock, and giving orders to stow away what had come up from the sea—Captain Anderson directing the chief engineer to get up steam, and prepare for an immediate start.
The result was signalled to the Terrible, which came down to us, and as she was bound to St John’s to take in coals to enable her to return to England, all who had business or friends in America prepared their dispatches for her boat. The wind and sea were rising, as if anxious to hurry us from the scene of the nine days’ struggle. The Great Eastern’s head was already turned westwards. All were prompt to leave the spot which soon would bear no mark of the night and day long labours—for the buoys which whirled up and down and round in the seaway would probably become waifs and strays on the ocean, and all that was left of the expedition for a time were the entries in log books—“Lat. 51° 24´ Long. 38° 59´; end of Cable down N. 50 W. 1¾ mile”—and such memories as animate men who, having witnessed brave fights with adverse fortune, are encouraged thereby to persevere, in the sure conviction that the good work will in the end be accomplished. It was wild and dark when Lieutenant Prowse set off to regain his ship. The flash of a gun from the Terrible to recall her cutter lighted up the gloom, and the glare of an answering blue light, burned by the boat, revealed for an instant the hull of the man-of-war on the heaving waters. There was a profound silence on board the Big Ship. She struggled against the helm for a moment as though she still yearned to pursue her course to the west, then bowed her head to the angry sea in admission of defeat, and moved slowly to meet the rising sun. The signal lanterns flashed from the Terrible, “Farewell!” The lights from our paddle-box pierced the night, “Good-by! Thank you,” in sad acknowledgment. Then each sped on her way in solitude and darkness.
The progress of the undertaking excited the utmost interest, not only in Great Britain, but over all the civilised world. Twice a day the telegraph at Foilhummerum spread to all parts of the earth a brief account of the doings of the Great Ship. Almost as soon as one of the unexpected impediments which marred the successful issue of the enterprise arose, the public were informedof it, and could mark on the map the spot where sailor, engineer, and electrician were engaged in their work on the bosom of the wide Atlantic ere their labours were over. The Great Eastern’s position could be traced on the chart, and the course of the Cable, in its unseen resting-place, could be followed from day to day. The “faults” caused more surprise perhaps on shore than on board, because those engaged in paying-out the Cable were re-assured by the certainty with which the faults were detected, and the comparative facility with which the Cable was taken up from the sea. Although the various delays which occurred produced some discouragement and uneasiness among those who had worked so hard and embarked so much in the grand project, the ease with which communication was restored as often as it was injured or interrupted by faults and dead earth, inspired confidence in the eventual success of the attempt. But only those actually witnesses of the wonderful facility with which the Cable was paid out felt the conviction that the Cable could be laid. The public only knew the general results, and did not appreciate properly the nature of the difficulties to which the frustration of their hopes was due. When the last fault occurred, the electricians at Valentia were left without any precise indications of the nature of the obstruction, or of the proceedings of those on board; but they actually calculated within a few fathoms the exact locality of the injury; and when the end of the Cable sank into the depths of the ocean, the practical wizards of Foilhummerum could tell where it was to be found, though they could not see and could not hear. When all communication ceased with the Great Eastern no uneasiness was excited, because a similar event had occurred before for many hours, and the ship spoke after all. But hour after hour passed away on leaden wings, and day followed day, and the needle was still, and the light moved not in the darkened chamber at Foilhummerum. It may be conceived with what solicitude the men, in whose watchfulness all the sleeping and waking world were interested, looked out for some sign of the revival of the current in the dull veins of the subtle mechanism.
The directors and shareholders of the two companies represented something more than the enormous stake they had put in the undertaking. Their feelings were shared by the mass of the people, and Her Majesty was animated by the same solicitude as her subjects. For there had been prophets of evil before the expedition sailed, and now their voices were raised again, and found credence among those who distrusted the magnificent ship which was then calmly breasting the billows of the Atlantic—the envy of her guardians—as well as among the class whose normal condition is despair of every scheme, good, useful, novel, or great. The newspapers began to admit speculations and argumentative letters into theircolumns, and although the original articles did not indicate any apprehension of a catastrophe, it was evident the public mind was becoming uneasy. The feeling increased. The correspondence augmented in volume, and, let it be said, in wildness of conjecture and unsoundness of premises and conclusions. Those who were inclined to believe that the Great Eastern had gone to the bottom were comforted by the reflection that the two men-of-war would save those who were on board. Had they known that the Sphinx had disappeared, and that the Great Eastern was much better able to help the Terrible, in a time of watery trouble, than the Terrible would be to aid her, they would have despaired indeed.
All the while those on board engaged in their work—grappling and lifting, drifting and sailing—were enjoying themselves as far as the uncertainty attendant on their work would allow them, and were in a state of repose barely disturbed, as the time wore on, by surmises that people at home might begin to entertain doubts as to what had become of the expedition. Even these speculations would have had no agitating influence had the electricians on board communicated with the shore before they cut the end of the Cable on the last occasion. It would have surprised and amused officers and crew if they could have known that the vessel, which they were never tired of praising and admiring, was pronounced by eminent engineers to need strengthening; that she had sunk in the middle, or had fagged; or if they could have read confident assertions that the grand fabric in which they were so comfortably lodged and entertained and borne was unsafe and radically faulty; that good authorities had declared she was hogged. Undoubtedly there were grounds of anxiety, but none for anticipations and predictions of the worst. It would not be fair to omit to mention that in some instances the most correct and close conjectures were made concerning the position of the ship and the work in which she was engaged, as well as the causes of the long-continued silence. Several letters appeared, in which the writers tried, with singular justice of reasoning, to stem the current of alarm. The press generally abstained from any adverse speculations; but it was rather behind the public feeling in that respect. It cannot be denied that the news-agent who hailed the Great Eastern at Crookhaven with the words, “We did not know what to make of you. Many think you went down,” expressed the conviction of a great number of persons all over the kingdom, on the 17th August.
Early on the morning of that day the Great Eastern came in sight of land, and soon after 7 o’clock a.m. steamed into Crookhaven, to land a few passengers and to communicate with the telegraph station at that solitary and romantic spot. Ere noon the news of the safety of the ship relieved many an anxious thought, silenced many a tongue and pen, and dissipated many a gloomy apprehension. Itmay be said that the return of the Great Eastern was a subject of national rejoicing. Every newspaper in the kingdom contained articles on the topic. The narrative of the voyage, which was written on board, and sent to all the principal journals before the Great Eastern arrived at the Nore, so that the public were at once placed in possession of every fact connected with the proceedings, almost simultaneously, was read with the utmost avidity, and when the facts were known, all men concurred in the justice of the leading articles which, without exception of note, drew fresh hopes of success from the record of the causes which led to the interruption of the enterprise. The energy, skill, and resolution displayed in the attempt to recover the Cable were admitted and praised on all hands. But what most excited attention was the fact that the Cable had actually been hooked three times at a depth of two nautical miles, and carried up halfway to the top. The most sceptical were convinced when they became aware of the hard material evidence on that point. Next in point of interest perhaps was the conduct of the Great Eastern herself. A great revulsion of sentiment took place in favour of the vessel which had hitherto been unfortunate in her management, or in the conditions under which she had been tried.
Whilst the most profound ignorance respecting the fate of the Great Eastern prevailed, an Extraordinary General Meeting of the Atlantic Telegraph Company was held on 8th August, in pursuance of a notice issued on 24th July previous, to consider the expediency of converting into Consolidated Eight per Cent. Preferential Stock the Eight per Cent. Preferential Capital of the Atlantic Telegraph Company, consisting of 120,000 shares of 5l.each, and of converting into Ordinary Consolidated Stock the whole of the Ordinary Share Capital, consisting of 350 shares of the par value of 1000l., and 5,463 shares of the par value of 20l., and to issue either in ordinary stock or in shares the sum of 137,140l.of ordinary capital, authorised at the Extraordinary General Meeting of March 31st, 1864, and agreed to be issued in instalments fully paid up, to the contractors from time to time after the successful completion of their contract.
The directors also gave notice that they intended to seek authority from the shareholders to issue such amounts of new capital as may be required for the construction and laying of a second Atlantic Telegraph Cable under powers of their Act of Parliament, and to attach to such capital such privileges and such advantages and conditions as might be determined. The Right Hon. J. S. Wortley, chairman, who has exhibited unshaken confidence and untiring energy in the post he occupies, had a difficult task before him, but even then he could exhort his hearers to courage and perseverance. As he well said, “But there are two things from which we may derive considerable consolation. This great enterprise hasbeen the subject of discussion in every civilised nation in the world. The eyes of science have been fixed upon it; and the acuteness of criticism has been brought to bear on it. We have had our detractors, and there have been sceptics; and what are the two main points on which they have founded their scepticism? One is, that the great depth of nearly three miles must bring extraordinary pressure on the Cable, must injure it by perforating the covering, and must in fact destroy the insulation. The other point was the impossibility, as they contended, of communicating intelligible signals through so great a length, or ‘leap’ as they term it, as 1,600 miles. But we had a scientific committee, who made experiments, and who assured themselves that there was nothing in either of those objections; and now we have in addition the much more practical and valuable proof of experience. What are the facts? Some days before the interruption of the messages the Great Eastern passed over the deepest portion of the ocean (with one slight exception) which we have to traverse between Europe and America. She passed safely over a depth of 2,400 fathoms, telegraphing perfect signals. This entirely disproves and refutes the first objection and doubt which existed in the minds of those sceptical gentlemen, because the Cable was laid in great depths, varying from 1,500 to 2000, fathoms, and even in 2,400 fathoms; and so far from the great pressure at that depth injuring the Cable, the Company’s signals appear from their telegrams to have improved every yard they went; and the signals through 2,400 fathoms of water were as perfect as, if not more perfect than, those at a less depth. That is in confirmation of the old Cable having worked at those depths. Then I say that our scientific committee, and those who said that the pressure would not have an injurious effect, have been fully borne out; and that the result has proved that, so far from injuring it, pressure improves the Cable. In spite of these facts, I see here a communication from a gentleman to one of the public journals only yesterday, in which he says, that looking at the pressure of a column of water equal to so many atmospheres, it must destroy the Cable; and he adds with confidence, that the Cable must be at the present moment a perfect wreck! And then he says that the Company never made experiments to satisfy themselves what this number of atmospheres would do to the Cable. He writes in perfect ignorance, that the scientific committee has the means afforded them by this Company of applying a weight of 6000lb. to the square inch; but after having proceeded to a certain extent with that experiment, and tried a very large amount of pressure, and finding that the Cable, so far from deteriorating, was improved by the compression of its elements, they thought it unnecessary to carry the experiments further. And now we have the result to corroborate their views.”
On October 12, an Extraordinary General Meeting of the Atlantic Telegraph Company was held, at which the Chairman, the Right Hon. J. S. Wortley, proposed a Resolution rescinding those passed at the General Meeting in August. He reminded them the Capital was originally issued in 1000l.shares. After that an additional amount of capital was raised in 20l.shares; and after the first failure a further capital of 600,000l.in 5l.shares, and an 8 per cent. preference, was raised. Under these circumstances they succeeded in raising the necessary sum enabling them to send out the last expedition, and they now proposed that notwithstanding that guarantee of 8 per cent. to issue a new preferential capital at the rate of 12 per cent. They had negotiated with the same contractors who had hitherto had charge of laying the Cable, and they were willing for the sum of 500,000l.to take out a sufficient quantity of Cable, together with that which was left in the ship amounting to about 1000 miles, and in the first place to go across and lay a new Cable, and then to come back and pick up the old one, splice it, and continue it to Newfoundland. He might say at once, that not only the contractors, but all who were engaged in the undertaking, were represented there that day, as well as the able staff of scientific men to whom they were so much indebted upon the last expedition, and he said in their presence that they all had extreme confidence that they would not only be able to lay the new Cable but to pick up the old one, mend it, and relay it. It was proposed that in addition to the 500,000l.there should, if the Cable was successfully laid, be a contingent profit to the contractor, which would be paid in money. It was apprehended that the additional 100,000l.asked for would be quite sufficient to meet any contingency that might arise. The formal Resolutions rescinding those passed at the meeting in August last were carried unanimously; and it was Resolved, “That the Capital of the Company be increased to an amount not exceeding 2,000,000l., by the creation and issue of not exceeding 160,000 new shares of 5l.each, and that such new shares shall bear and be entitled to a preferential dividend at the rate of 12l.per cent. per annum on the amount for the time being paid up thereon, in priority to any dividend or on any other capital of the Company, and shall also, in proportion to the amount for the time being paid up thereon, be entitled to participate equally with the other capital of the Company in any moneys applicable to dividend, which upon each declaration of dividend may remain after paying or providing for the said dividend of 12l.per cent. per annum, the preferential dividend of 8l.per cent. per annum payable on the consolidated 8 per cent. preferential stock of the Company, and a dividend at the rate of 4 per cent. per annum on the consolidated ordinary stock and ordinary shares of the Company.”
In their Prospectus, the Directors stated that the Telegraph Construction and Maintenance Company, in consideration of the sum of 500,000l., which has been agreed on as the cost price of the Cable if paid for in cash, have already commenced the manufacture of the new Cable, to be laid down during 1866 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 the cost. The contractors also undertake during 1866, 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 express entire belief—to recover, repair, and complete in working order between Ireland and Newfoundland, the present broken Cable, which has been ascertained by recent careful electrical tests to be in perfect order throughout its entire length. It will be seen that circumstances have thus enabled the Board to effect a very considerable economy in the Company’s present operations, for in the event of success the Company will be in possession of two efficient Cables for a considerably less amount than would have been expended if the Cable of this year had been successfully laid, and another had been purchased separately. Subscriptions were invited for the sum of 600,000l., in 120,000 shares of 5l.each.
This new capital will not only create fresh property, but probably resuscitate the old; and the experience of the present year shows that by these means the existing 8 per cent. Preference Stock will, in all probability, be again placed at par in the market before the sailing of the ship next year.
These new Shares will accordingly be entitled to take precedence as to dividend over all the other existing stock of the Company, and to participatepro ratáin all subsequent dividends, bonuses, or benefits, after 8 per cent. shall have been paid upon the second preference stock and 4 per cent. upon the ordinary stock.
The profits to be expected on the completion of this work, 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, the traffic, after paying the dividend charges of 12, 8, and 4 per cent. respectively, amounting together to 144,000l.upon the capital comprised in those different stocks, and after paying the very large sum of 50,000l.a year for working expenses, would leave a very large balance for paying further dividends or bonuses on the Company’s total capital, both ordinary and preferential, or for reserve funds if preferred.
A calm examination of the courses which led to the suspension of the GreatEastern’s work, inspired those whose judgments were free from prejudice with the belief that a series of accidents, in their nature easily guarded against in future, had been the sole causes of the frustration of the enterprise. If the external coating had not been injured, no faults could have occurred, and if there had been no faults, the Cable would have been laid with the utmost ease. The success of the Telegraph becomes assured the moment the occurrence of faults can be obviated, or their detection can be followed by immediate reparation. These objects are to be attained, and the Directors, encouraged by the confidence of the public, and by the enormous gains which must reward even a temporary success, set about to secure them. An arrangement was entered into with the Directors of the Great Ship Company by which the Telegraph Construction and Maintenance Company secured the Great Eastern for a term of years, and another negotiation ended in obtaining the services of Captain Anderson in charge of her.
Now it may be fairly concluded, from our experience of the “Atlantic Telegraph Expeditions” in 1857, 1858, and 1865,—That a submarine telegraph Cable can be laid between Ireland and Newfoundland, because it was actually done in 1858. That messages can be transmitted through a Cable so laid, because 271 messages were sent from Newfoundland to Valentia, and 129 messages from Valentia to Newfoundland, in 1858. That the insulation of a Cable increases very much after its submersion in the cold deep water of the Atlantic, and that its conducting power is considerably improved thereby. That the steamship Great Eastern, from her size and constant steadiness, and from the control over her afforded by the joint use of paddle and screw, renders it possible and safe for her to lay an Atlantic Cable without regard to the weather. That the egress of a Cable in the course of being laid from the Great Eastern may be safely stopped on the appearance of a fault, and with strong tackle and good hauling-in machinery, the fault may be lifted from a depth of over 2000 fathoms, and cut out on board the ship, and the Cable respliced and laid in perfect condition. That in a depth of two miles a Cable can be caught at the bottom, because four attempts were made to grapple the Cable in 1865, and in three of them the Cable was caught by the grapnel.
The paying-out machinery, constructed by Messrs. Canning and Clifford, and used on board the Great Eastern in 1865, worked perfectly, and can be confidently relied on for laying Cables across the Atlantic. With the improved telegraphic instruments, for long submarine lines, of Professor W. Thomson and Mr. Varley, a speed of more than eight words per minute can be obtained through such a circuit as the Atlantic Cable of 1865, between Ireland and Newfoundland; as the amountof slack actually payed-out did not exceed 14 per cent., which would have made the total Cable laid between Valentia and Heart’s Content less than 1,900 miles.
The Cable of 1865, though capable of bearing a strain of 7 tons, did not experience more than 14 cwt. in being payed-out into the deepest water of the Atlantic between Ireland and Newfoundland.
There is no difficulty in mooring buoys in the deep water of the Atlantic between Ireland and Newfoundland; a buoy, even when moored by a piece of the Atlantic Cable itself which had been previously lifted from a depth of over 2000 fathoms, has ridden out a gale.
More than four miles of the Atlantic Cable have been recovered from a depth of over two miles, and the insulation of the gutta-percha-covered wire was in no way whatever impaired, either by the depth of water or the strains to which it had been subjected by lifting and passing through the hauling-in apparatus.
The Cable of 1865, owing to the improvements introduced into the manufacture of the gutta percha, insulated more than one hundred times better than Cables made in 1858, then considered perfect, and still working. The improvements effected since the beginning of 1851 in the conducting power of the copper wire, by selecting it, has increased the rate of signalling possible through long submarine Cables by more than 33 per cent. Electrical testing can be conducted at sea with such certainty as to discover the existence of faults in less than a minute of their occurrence. If a steam-engine be attached to the paying-out machinery, so as to permit of hauling-in the Cable immediately a fault is discovered, and a slight modification made in the construction of the external sheath of the Cable, the cause of the faults experienced will be entirely done away with; and should a fault occur, it can be picked up even before it has reached the bottom of the Atlantic.
The Great Eastern is now undergoing the alterations which will render her absolutely perfect for the purpose of laying the new Cable and picking up the old, and next year will see the renewal of the enterprise of connecting the Old World with the New by an enduring link which, under God’s blessing, may confer unnumbered blessings on the nations which the ocean has so long divided, and add to the greatness and the power which this empire has achieved by the energy, enterprise, and perseverance of our countrymen, directed by Providence, to the promotion of the welfare and happiness of mankind. Remembering all that has occurred,—how well-grounded hopes were deceived, just expectations frustrated,—there are still grounds for confidence, absolute as far as the nature of humanaffairs permits them in any calculation of future events to be, that the year 1866 will witness the consummation of the greatest work of civilised man, and the grandest exposition of the development of the faculties bestowed on him to overcome material difficulties.
The last word transmitted through the old Telegraph from Europe to America, was “Forward,” and “Forward” is the motto of the enterprise still.
FINIS.
The following is a list of the Gentlemen connected with the project for the year 1865
NEW YORK, NEWFOUNDLAND, AND LONDON TELEGRAPH COMPANY.
Honorary Consulting Engineer in America—GENERAL MARSHALL LEFFERTS, New York.
Offices—12, St. Helen’s Place, Bishopsgate Street Within, London.
Secretary and General Superintendent—GEORGE SAWARD, Esq.
THE TELEGRAPH CONSTRUCTION AND MAINTENANCE COMPANY
(Uniting the Business of the Gutta Percha Company with that of Messrs. Glass, Elliot, & Company)is constituted as follows:—
Bankers—THE CONSOLIDATED BANK, London and Manchester.
THEfollowing will be some of the Improvements in the Picking-up Machinery and in the Vessel to fit her for her next voyage, and it is believed that the Great Eastern will be as perfect and as admirably adapted for her work as human hands can make her.
THEfollowing will be some of the Improvements in the Picking-up Machinery and in the Vessel to fit her for her next voyage, and it is believed that the Great Eastern will be as perfect and as admirably adapted for her work as human hands can make her.
The whole apparatus will be strengthened and improved by grooved drums, and more boiler power added, and other drums will be provided for lowering away buoy-rope when grappling.
The paying-out machinery will have steam-power added to it, the spare drum fitted on the machine will be used for picking-up in connection with the paying-out drum; an extra drum and brake-wheel will also be placed near the stern for the purpose of paying-out grapnel lines and buoy-rope, in case it is found more convenient than at the bow.
The grapnel-rope, with shackles, swivels, &c., will be made sufficiently strong to lift or break the bight of the Cable in the deepest water. The hawse-pipes and stem of the ship will be guarded to prevent the Cable from being injured. A guard will be placed round the screw to prevent the Cable and buoy-rope fouling.
STATEMENT OF KNOTS RUN AND CABLE PAYED-OUT PER DAY.
Sunday, July 23.—Left Berehaven at 1·45 a.m. Passed Skelligs at 8·0 a.m.; bore away N.W., and came up with Caroline at 8·30 a.m., about 25 miles N.W. of Valencia. 10·30 a.m., End got out of afterhold. 11·0 a.m., Terrible and Sphinx came alongside. 12·35 p.m., Caroline got up end of shore-end Cable. 12·45 p.m., passed end of deep-sea Cable to Caroline over stern-sheave of Great Eastern. 5·20 p.m., splice finished on board Caroline, and bight of Cable slipped. 6·50 p.m., took hands on board from Caroline. 8·0 p.m., paddle and screw engines started.
TEMPERATURE OF THE SEA-WATER.
S. CANNNG.
THE FOLLOWING IS A TABLE OF THE CABLES ALREADY LAID IN THE SEAS AND OCEANS OF THE WORLD.
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.
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.
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 500,000l., 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 100,000l.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 250,000l.to a maximum of 500,000l.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 120,000l., whereas for a sum of 500,000l.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 2l.5s.per share, and if the Company were to adopt the alternative of winding-up its affairs, their intrinsic worth would not be 10s.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 ofin the first instance, the traffic, after paying the dividend charges of 12, 8, and 4 per cent. respectively, amounting together to 144,000l.upon the capital comprised in those different stocks, and after adding thereto the very large sum of 50,000l.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.