Thank you for visiting SNEWPapers!
Sign up free
Foreign News
January 17, 1874
The Daily Phoenix
Columbia, Richland County, South Carolina
What is this article about?
Dispute between British Government and telegraph owners over $25M purchase; companies claim only leasehold acquired, demand £5M more, to be settled by arbitration.
Clipping
OCR Quality
95%
Excellent
Full Text
A misunderstanding involving $25,000,000 is to be settled between the British Government and the owners of the telegraph lines which have passed under its control. It was supposed that the crown had purchased the wires, poles, batteries, privileges and franchises for the sum already paid. It is claimed that her Majesty, instead of acquiring an absolute freehold and title to the telegraphs in her three kingdoms, secured only leasehold rights. And £5,000,000 are demanded for the proprietorship. An arbitration is to decide on the claim of the companies.
What sub-type of article is it?
Economic
What keywords are associated?
British Telegraph Dispute
Government Acquisition
Arbitration Claim
Leasehold Rights
What entities or persons were involved?
Her Majesty
Where did it happen?
Britain
Foreign News Details
Primary Location
Britain
Key Persons
Her Majesty
Outcome
£5,000,000 demanded for proprietorship; arbitration to decide the claim.
Event Details
A misunderstanding over $25,000,000 payment for telegraph lines under British Government control. It was supposed the Crown purchased wires, poles, batteries, privileges, and franchises outright, but companies claim only leasehold rights were secured in her three kingdoms, demanding additional £5,000,000 for absolute title.