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:
in which occurs the following passages=> in which occur the following passages { pg 7}
eight-eight in the United States=> eighty-eight in the United States { pg 11}
assumed tempeatures=> assumed temperatures { pg}
there, standing blank and mute=> There, standing blank and mute { pg 94}
[1] "From Cape Freels, Newfoundland, to Erris Head, Ireland, the distance is 1,611 miles; from Cape Charles, or Cape St. Lewis, Labrador, to ditto, the distance is 1,601 miles."
[2] Short-lived as was the former Cable, it had survived long enough to prove its value in a financial point of view. Amongst 400 messages which it had transmitted, was one that had been dispatched from London in the morning and reached Halifax the same day, directing "that the 62nd Regiment were not to return to England." This timely warning saved the country an expenditure of 50,000_l._
[3] Communicated to the _Mechanics' Magazine_.
[4] It may here be stated that Admiral Talbot, in command at the Nore, gave every aid to the undertaking; and that Captain Hall, of the Sheerness Dockyard, was indefatigable and most serviceable in forwarding the work whilst the Great Eastern lay in the Medway and at the Nore.
End of Project Gutenberg's The Atlantic Telegraph, by William Howard Russell