"Her Majesty is further pleased to mark her approval of the public spirit and energy of the two companies who have had successively the conduct of the undertaking by offering the dignity of a baronetcy of the United Kingdom to Mr. Lampson, the deputy chairman of the original company, to whose resolute support of the project, in spite of all discouragements, it was in great measure owing that it was not at one time abandoned in despair; and to Mr. Gooch, M.P., the chairman of the company which has finally accomplished the great design. "If among the names thus submitted to and approved by Her Majesty that of Mr. Cyrus Field does not appear, the omission must not be attributed to any disregard of the eminent services which from the first he has rendered to the cause of transatlantic telegraphy, and the zeal and resolution with which he has adhered to the prosecution of his object, but to an apprehension lest it might appear to encroach on the province of his own government if Her Majesty were advised to offer to a citizen of the United States, for a service rendered alike to both countries, British marks of honor which, following the example of another highly distinguished citizen, he might feel himself unable to accept. "I will only add, on my own part, how cordially I concur in the object of the meeting over which you are about to preside, and how much I should have been gratified had circumstances permitted me to have attended in person. "I am, dear Sir Stafford, "Very sincerely yours, "DERBY." The celebration on the western shore of the Atlantic was not less general and cordial. We quote from the report of a New York newspaper: