The Story of the Atlantic Telegraph

But the charter of the New York, Newfoundland, and London Telegraph Company, which was now to be obtained, began by declaring, in its very first sentence: "Whereas it is deemed advisable to establish a line of telegraphic communication between America and Europe by way of Newfoundland." Not a word is said of fast ships, of communications in less than six days, but every thing points to a line across the ocean. Thus one section gives authority to establish a submarine telegraph across the ocean, from Newfoundland to Ireland; another section prohibits any other company or person from touching the coast of Newfoundland or its dependencies [which includes Labrador] with a telegraphic cable or wire, from any point whatever, for fifty years; and a third section grants the Company fifty square miles of land upon the completion of the submarine line across the Atlantic. In other respects the charter was equally liberal. It incorporated the associates for fifty years, established perfect equality, in respect to corporators and officers, between citizens of the United States and British subjects, and allowed the meetings of the stockholders and directors to be held in New York, in Newfoundland, or in London. To obtain such concessions was a work of some difficulty and delay. The Legislature of the province were naturally anxious to scan carefully conditions that were to bind them and their children for half a century. I have now before me the papers of St. John's of that day, containing the discussions in the Legislature; and while all testify to the deep public interest in the project, they show a due care for the interests of their own colony, which they were bound to protect. At length all difficulties were removed, and the charter was passed unanimously by the Assembly, and confirmed by the Council.