Edison, Thomas A. (Thomas Alva), 1847-1931; Inventors -- United States -- Biography
"At that time the general superintendent of the Western Union was Gen.
T. T. Eckert (who had been Assistant Secretary of War with Stanton).
Eckert was secretly negotiating with Gould to leave the Western Union
and take charge of the Atlantic & Pacific--Gould's company. One day
Eckert called me into his office and made inquiries about money matters.
I told him Mr. Orton had gone off and left me without means, and I was
in straits. He told me I would never get another cent, but that he
knew a man who would buy it. I told him of my arrangement with the
electrician, and said I could not sell it as a whole to anybody; but if
I got enough for it, I would sell all my interest in any SHARE I might
have. He seemed to think his party would agree to this. I had a set
of quadruplex over in my shop, 10 and 12 Ward Street, Newark, and he
arranged to bring him over next evening to see the apparatus. So the
next morning Eckert came over with Jay Gould and introduced him to me.
This was the first time I had ever seen him. I exhibited and explained
the apparatus, and they departed. The next day Eckert sent for me, and
I was taken up to Gould's house, which was near the Windsor Hotel, Fifth
Avenue. In the basement he had an office. It was in the evening, and we
went in by the servants' entrance, as Eckert probably feared that he
was watched. Gould started in at once and asked me how much I wanted.
I said: 'Make me an offer.' Then he said: 'I will give you $30,000.' I
said: 'I will sell any interest I may have for that money,' which was
something more than I thought I could get. The next morning I went with
Gould to the office of his lawyers, Sherman & Sterling, and received a
check for $30,000, with a remark by Gould that I had got the steamboat
Plymouth Rock, as he had sold her for $30,000 and had just received the
check. There was a big fight on between Gould's company and the Western
Union, and this caused more litigation. The electrician, on account
of the testimony involved, lost his glory. The judge never decided
the case, but went crazy a few months afterward." It was obviously a
characteristically shrewd move on the part of Mr. Gould to secure an
interest in the quadruplex, as a factor in his campaign against the
Western Union, and as a decisive step toward his control of that system,
by the subsequent merger that included not only the Atlantic & Pacific
Telegraph Company, but the American Union Telegraph Company.
Public-domain text, read in full here on John Shaqi.
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