On the evening of Friday, August 7th, the squadron sailed, and the Niagara commenced paying out the Cable very slowly. About four miles of the shore Cable had been payed out, when it became entangled with the machinery, by the carelessness of one of the men in charge, and broke; all hands were engaged in trying to underrun and join the Cable, but it was too rough, and the Niagara came to anchor for the night. Next day a splice was mode, the ship resumed her course, and at noon on Sunday, August 9th, 95 miles had been payed out. The paying-out gear proved to be defective in the course of the 10th. On the evening of Tuesday, the 11th, all signals suddenly ceased. The Cable had broken in 2000 fathoms of water, when about 330 nautical miles were laid, at a distance of 280 miles from Valentia. At the time the ship was going from three to four knots, and was able to pay out 5 to 5¾ miles per hour, the pressure shown by the indicator being 3000lb., but the strain being no doubt much greater. This loss proved fatal to the first attempt to lay the Atlantic Cable, as on consultation among the officers and engineers it appeared to be unwise to renew the attempt with only 1,847 miles on board the ships, or an excess of 12 per cent. on the quantity required by the whole distance. Nothing daunted by the failure, Mr. Field started off at once in H.M.S. Cyclops for England, and, on his arrival, urged the immediate renewal of the enterprise; but it was resolved by the directors in London to postpone it to the following year. An addition to the capital of the Company was proposed and agreed to. The greater part of the autumn was devoted to preparations for the renewed efforts of the Company. The part of the Cable which was left was landed at Keyham, 53 miles of the shore-end were recovered, and the Company again applied to the British and American Governments for the services of the same vessels which had been previously lent to them. Messrs. Glass, Elliot, & Co., were entrusted by the directors of The Atlantic Telegraph Company to manufacture a further length of 900 miles, to replace that which was lost or damaged, thus making a total of 3,012 miles of Cable, so as to guard against accidents by giving an allowance of 40 per cent. of slack. The paying-out apparatus was also improved, so that the engineer in charge alone should control the egress of the Cable, instead of using the hand-wheel, which, upon the former occasion, had caused much danger in rough weather. The manufacturers of the machinery were Messrs. Easton & Amos, of Southwark, under the superintendence of Mr. Penn, Mr. Field, Mr. Lloyd, Mr. Everett, and Mr. Bright.