“1. The proposed guarantee of three per cent. not to commence until the day the cable is completed and in successful working order.
“2. The amount of capital guaranteed not to exceed £3,000,000.
“3. The company to bind itself not to kill seals, nor to deal in furs on any portion of Russian territory.
“4. The cable not to be landed on the island of Saghalien.
“5. In the event of any dispute arising between the cable company and any subject of His Imperial Majesty, the question to be referred to the Russian courts. In disputes between the cable company and American citizens, the courts of the United States to have sole jurisdiction.
“May I respectfully solicit your Imperial Highness to take these proposed modifications into your consideration, and, should they meet with your approval, I would beg the favor of your laying them before His Majesty the Emperor, with such suggestions as may seem to you advisable.
“It is important that I should know the views of His Imperial Majesty’s government at the earliest moment, as the Congress of the United States meets on the first Monday in December.
“I beg again to express my sincere thanks for the great kindness shown to myself by your Imperial Highness, and for the interest you have taken in the subject I have so much at heart.
“I have the honor to subscribe myself,
“With great respect,
“Your Imperial Highness’s most obedient servant,
“Cyrus W. Field.”
In January, 1872, he was again in Russia, but after that time there appears to be no mention made of that government’s taking any interest in a Pacific cable, and it is only possible to give bits of correspondence in connection with this project, to which he gave so much of his time and thought.