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T O "W 1ST TALK.

SUMMARY OF PASSATEVENTS. ill

THE WIMBLEEON PRIZE MEETING.

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TELEGRAPHIC COMMUNICATION…

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TELEGRAPHIC COMMUNICATION WITH AMERICA. On Friday evening, at about five o'clock, English time, the cable was completed between Europe and America. Conversations and messages had been car- ried on all through the day, until the word was sent to cease signalling, as they were about to make the splice with the shore end at Trinity Bay. The following telegram was received by Reuter's Telegram Company (Limited), at 12.3 a.m., July 28, from Mr. R. A. Glass, managing director of the Telegraph Construction and Maintenance Company (Limited):— VALENTIA, July 27. Shore end landed, and splice completed at 8.43. Messages of congratulation passing rapidly between Ireland and Newfoundland. Insulation and continuity perfect. Speed much inoreased since surplus cable has been cut off. The following telegram was received at 2.30 a.m., July 28:- YALENTIA, July 28. Following telegram received from Newfoundland:- GOOCH TO GLASS. "Our shore end has just been laid, and a most perfect cable, under God's blessing, completes tele- graphic communication between England and the continent of America. I cannot find words to express my deep sense of the untiring zeal asd the earnest and cheerful manner in which every one on board, from the highest to the lowest, has performed the anxious and arduous duties they, in their several departments, have had to perform. Their untiring energy and watchful care night and day for the period of two weeks required to complete this work can only be fully understood and appreciated by one who, like myself, has seen it. All have faithfully done their duty, and glory in their success, and join with me in hearty con- gratulations to our friends in England who have in various ways laboured in carrying out this great work." The Houses of Parliament and the leading London clubs were apprised of the successful landing of the cable at dinner-time on Friday evening. The tele- graphic affiche reporting the proceedings in Parliament, and by means of which members are kept informed every quarter of an hour as to what is actually taking place in the House, contained this postscript: The Atlantic cable is landed; all going well." The intel- ligence rapidly spread, and before ten o'clock it was known all over the town that the success of the expedition is a substantial faet. That the cable was going on well, and that the Great Eastern was performing her allotted task successfully had been accepted readily enough; but that communica- tion was actually established, and that to-day's American news might be expected in a few hours, seemed to strike all hearers as a startling and unex- pected novalty. The Atlantic cable, about to bo thrown open to the public, is manufactured by the Telegraph Construction Company, and owned by the Anglo- American Company. The original Atlantic Tele- graph Company has a comparatively remote interest in the new cable, and the words, guaranteed eight per cent." must not be taken too literally. The real Atlantic Telegraph preference shares are the = £ 10 ones of the Anglo-American Company, and the holders of these are guaranteed more than 20 per cent. before the Atlantic Telegraph shareholders receive a penny. If it should happen that the first year's earnings of the cable do not exoeed £ 125,000—an improbable contingency-the whole of that sum will be divided among the holders of Anglo-American stock. The paid-up capital of the Anglo-American Company is £ 500,000. A farther sum of .£100,000 is to be handed over to the Construction Company when the line is opened; and for this .£600,000, the first .£125,000 earned each year by electrical communication between Europe and the United States is secured by eharter to the shareholders of the Anglo-American company. In other words, the latter's shares are Atlantic Tele- graph preference ones with a guarantee of 20 per sent. Frequent questions are asked as to the rate at which messages will be conveyed between England and America. After carefully estimating the probable demand, it has been settled to fix the tariff at .£1 per word, and to send no messages of less than 20 words each. This high rate has been decided on in the hope of keeping the company's business within practicable limits, and from the number of applications already made the amount of this would not seem to be over-esumatea..&.» communication is said to be as rapid on a long submarine wire as on an over- land electric line, the material reward of the promoters of the Anglo-American Company bids fair to equal the honour and repute which will be cheerfully awarded them. The battle with difficulties has been as long and gallant as the victory appears to be certain and assured, and all England will rejoice at the golden prize proving substantial and increasing. The latest tests show the broken cable of 1865 to be even more electrically per- fect than when laid—a sufficient testimony to the durability of these long submarine lines. A correspondent of a contemporary gives the follow- ing, dated July 30 :—The cable between Valentia and Newfoundland continues in perfect order; every day it works faster and clearer. Messages between this and Heart's Content are inoessantly passing. The cable between Newfoundland across to the main land, however, has not yet been laid. A long telegram received to-night says that it was then being coiled on board the Albany, which was to start to-morrow morning. This length of cable is only across 70 miles of shallow water. It can easily be laid therefore, and all the connections made with the lines to New York by the end, probably of the present week. Already the line is inundated with messages, and many hundred pounds' worth came through from Europe on Saturday afternoon. The message of the Queen to the President has, of course, taken precedence of all. This international greeting is as follows :— FROM THE QUEEN, OSBORNE. To THE PRESIDENT OF THE UNITED STATES, WASHINGTON. The Queen congratulates the rresident on the suoeessful completion of an undertaking which she hopes may serve as an additional bond of union be- tween the United States and England." After this night steamers will be provided to take messages across the Channel to the land lines. This, until the end of the week, will involve a delay in transmitting of seven or eight hours.

THE CHARGE OF FORGERY AGAINST…

THE EUROPEAN WAR.

AMERICA.

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