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378
The Story of the Atlantic Telegraph
·
Henry M. Field
218
"We
shall
be
prepared
in
a
few
days,
as
soon
as
we
can
get
the
necessary
information
in
regard
to
what
price
we
can
charter
suitable
ships
for
the
service,
to
make
you
a
definite
offer."
Although
it
is
anticipating
a
few
months
in
time,
we
may
give
here
the
"definite
offer,"
which
was
obtained
by
Mr.
Field,
on
his
return
to
England
in
the
autumn:
"London,
October
20,
1862.
"Cyrus
W.
Field,
Esq.,
Atlantic
Telegraph
Company:
"Dear
Sir:
In
reply
to
your
inquiries,
we
beg
to
state,
that
we
are
perfectly
confident
that
a
good
and
durable
Submarine
Cable
can
be
laid
from
Ireland
to
Newfoundland,
and
are
willing
to
undertake
the
contract
upon
the
following
conditions:
"First.
That
we
shall
be
paid
each
week
our
actual
disbursements
for
labor
and
material.
"Second.
That
when
the
cable
is
laid
and
in
working
order,
we
shall
receive
for
our
time,
services,
and
profit
twenty
per
cent
on
the
actual
cost
of
the
line,
in
shares
of
the
Company,
deliverable
to
us,
in
twelve
equal
monthly
instalments,
at
the
end
of
each
successive
month
whereat
the
cable
shall
be
found
in
working
order.
"We
are
so
confident
that
this
enterprise
can
be
successfully
carried
out,
that
we
will
make
a
cash
subscription
for
a
sum
of
twenty-five
thousand
pounds
sterling
in
the
ordinary
capital
of
the
Company,
and
pay
the
calls
on
the
same
when
made
by
the
Company.
"Annexed
we
beg
to
hand
you,
for
your
guidance,
a
list
of
all
the
submarine
telegraph
cables
manufactured
and
laid
by
our
firm
since
we
commenced
this
branch
of
our
business,
the
whole
mileage
of
which,
with
the
exception
of
the
short
one
between
Liverpool
and
Holyhead,
which
has
been
taken
up,
is
at
this
time
in
perfect
and
successful
working
order.
The
cable
that
we
had
the
honor
to
contract
for
and
lay
down
for
the
French
Government,
connecting
France
with
Algeria,
is
submerged
in
water
of
nearly
equal
depths
to
any
we
should
have
to
encounter
between
Ireland
and
Newfoundland.
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