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 144,000_l._ upon the capital comprised in those different stocks, and after paying the very large sum of 50,000_l._ 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 Great Eastern’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.