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Submarine cable.

--We learn from the Charleston Mercury that Messrs. John N. Gamewell and Isaac Alexander, electricians, are now engaged in making a submarine telegraph cable, the exclusive right to make which has been heretofore considered a Yankee privilege. But a telegraphic cable was wanted for important military purposes in connection with our coast defences — the locality of which, however, it may be prudent not to publish at the present time — and the inventive and mechanical genius of the above gentlemen were called into requisition, and with that success which has always attended their efforts. The cable, about a mile and a quarter in length, is now approaching its completion.

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