New Telegraph Company Organized, Brooks insulators used

Cheap Telegraphy - A New Company Organized - The

Capital Placed at Ten Millions.

Philadelphia Times.

A new telegraph company, with the title of Continental, and with a capital of $10,000,000, divided into shares of $25 each, and having for its avowed object the reduction of telegraph rates, has filed articles of incorporation with the County Clerk of New York City. A number of prominent Philadelphia capitalists are moving actively in the organization of the new concern.

Said a gentleman yesterday: "The capitalists having the matter in charge claim, and back their argument by forming the company, that a perfect system of fac-simile or autographic telegraphy has been invented, which will forward the message in the original handwriting of the sender, making a more accurate and reliable transmission, also a much more expeditious one, than is possible under the present system. It is guaranteed by the fac-simile invention that, compared with the present general system, the capacity of a wire can be quadrupled; and this, together with the remarkable improvements in batteries, the development of currents, and other cheapening inventions, has lessened the cost of telegraphing to one-tenth of what it was twenty years ago.

The Continental Company is thoroughly organized, - with Alfred Nelson, former Treasurer of the Atlantic & Pacific, as President; Albanus L. Worthington, of Trenton, Treasurer; J. G. Case, Secretary; and James G. Smith, inventor of the autographic system, as General Manager, - and will begin operations at once by running a line from New York to this city, as a sub-section of the first section, which will eventually include all points between Boston and Washington. It is the intention of the direction of the new line, and it is understood to be necessary under the Smith system, to place forty poles to the mile, with No. 6 wire weighing 566 pounds to the mile. The loss of insulation by the increased number of poles is more than compensated by the superiority of the Brooks insulator, made of Le Bastie Glass, which is nearly flexible, and consequently, less brittle and less liable to break than the ordinary glass insulator. Right of way has been obtained through New Jersey, the most difficult State in the country in which to obtain chartered rights, and the Company is prepared, or will be in a short time, to begin the work on construction between New York and Philadelphia. In time it will be made a national line, extending to all parts of the United States, and the corporators claim that they will bring telegraphic facilities within the reach of the public generally, through medium rates and fair profits to the Company.