The Atlantic Telegraph (1865)Russell, William Howard, Sir
History
The Atlantic Telegraph (1865)
Russell, William Howard, Sir
Transatlantic cables
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. It may 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 5_l._ each, and of converting into Ordinary
Consolidated Stock the whole of the Ordinary Share Capital, consisting
of 350 shares of the par value of 1000_l._, and 5,463 shares of the par
value of 20_l._, and to issue either in ordinary stock or in shares the
sum of 137,140_l._ 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.
Public-domain text, read in full here on John Shaqi.
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