A Mammoth Telegraph Company

New Yotik, Muy '_'.'!. reported thnt a now telegraph eompany is ïorming of New York and .pean capitalista, wrho intend to laj é cable from somc point on the 1 of Oeorgriu to Santo Domingo, ■ndother West Ln&ia [alanos, and i n the cast coast of South Alm rica to Eio Janerio aml c! I It s also tho in'.ntion of flbe company to ■ tble between the United St;itt g mul Aspinwall, 1o l.uilil land Jim s across the Isthmus of Panama and prott nee by aubmarine cables dovm ihc west ooasi of iSoulli America, to ing al. lima, Valparaíso and other pointe. onipany will also extend a line from t li'1 I aited oon as I b.e to land a cable can be obtained from the Spanish Qoyqrnment.