Cables, Submarine -- History; Field, Cyrus W. (Cyrus West), 1819-1892; Inventors -- United States -- Biography
Mr. Seward's letter, which follows, is evidently in answer to one
written by Mr. Field in which he had expressed regret that the
nomination at Chicago had not been given to the candidate of the New
York delegation:
"AUBURN, _July 13, 1860_.
"_My dear Friend_,--Your considerate letter was not necessary, and
yet was very welcome. A thousand thanks for it. I do not care to
dwell on personal interests. They are, I think, not paramount with
me. But if I even were so ambitious, I am not like to be altogether
successful. If the alternative were presented to a wise man, he
might well seek rather to have his countrymen regret that he had
not been, president than to be president.
"Faithfully yours,
"WILLIAM H. SEWARD.
"CYRUS W. FIELD, Esq."
Mr. Field's recovery after the suspension of his firm in 1857 was much
more rapid than from his previous failure in business. In 1859 this was
published in one of the New York papers:
"We are pleased to learn that the house of Cyrus W. Field & Co.,
which suspended payment in the fall of 1857, during the absence of
Mr. Field in England (on business connected with the Atlantic
Telegraph Company) have recently taken up nearly all their extended
paper, the payment of which is not due until October next, and have
now notified the holders of the balance that they are prepared to
cash the whole amount, less the legal interest, on presentation.
This evidence of prosperity must be gratifying to their numerous
friends."
The city of New York during October, 1860, was entirely given up to the
thought of entertaining the Prince of Wales, and it was of his visit
that Mr. Archibald wrote:
"BRITISH CONSULATE,
"NEW YORK, _October 20, 1860_.
"_My dear Mr. Field,_--I have really been so pressed with arrears
of business since my return on Wednesday evening, and still am,
that I am obliged to say in writing briefly that which I should
prefer to do personally, how much indebted I feel to you for your
valuable and kind assistance to me during the prince's visit; and
especially on Sunday last in reference to the matter of the _Daniel
Drew_....
"The reception which the prince has received in this country has
not only immensely gratified himself and all his suite, as it was
well calculated to do; but it will, I am sure, create in England a
profound feeling of admiration for and of gratitude towards this
country, the effect of which I cannot but think will be very
beneficial to the future of both countries.
Public-domain text, read in full here on John Shaqi.
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