Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
Birth--Childhood--Fondness for machinery--Early mechanical
skill--Constructs a steam engine at the age of nine years--His
work-shop--Death of his father--Works his way to St. Louis--Sells apples
on the streets--Finds employment and a friend--Efforts to
improve--Becomes a clerk on a Mississippi steamer--Undertakes the
recovery of wrecked steamboats--Success of his undertaking--Offers to
remove the obstacles to the navigation of the Mississippi--Failure of
his health--Retires from business--Breaking out of the war--Summoned to
Washington--His plan for the defense of the western rivers--Associated
with Captain Rodgers in the purchase of gunboats--His first contract
with the Government--Undertakes to build seven ironclads in sixty-five
days--Magnitude of the undertaking--His promptness--Builds other
gunboats during the war--The gunboat fleet at Forts Henry and Donelson
the private property of Mr. Eads--Excellence of the vessels built by
him--A model contractor--Residence in St. Louis.
CHAPTER XII.
CYRUS W. FIELD.
Birth--Parentage--Early education--Goes to New York in search of
employment--Obtains a clerkship in a city house, and in a few years
becomes a partner--A rich man at thirty-four--Retires from
business--Travels in South America--Meets Mr. Gisborne--Plan of the
Newfoundland Telegraph Company--Mr. Field declines to embark in
it--Conceives the idea of a telegraph across the Atlantic
Ocean--Correspondence with Lieut. Maury and Prof. Morse--The scheme
pronounced practicable--Mr. Field secures the co-operation of four New
York capitalists--Organization of the New York, Newfoundland, and London
Telegraph Company--Building of the line from New York to St. John's--A
herculean task--The Governmental ocean surveys of the United States and
England--Efforts to secure aid in England--Liberal action of the
Government--Organization of the Atlantic Telegraph Company--A hard-won
success in America--Passage of the bill by Congress--The first attempt
to lay the cable--The expedition of 1857--The telegraph fleet--Scenes on
board--Loss of the cable--Failure of the expedition--Difficulties
remedied--The new "paying-out" machinery--The expedition of 1858--The
second attempt to lay the cable--Dangerous storm--Failures--Loss of the
cable--The third attempt--The cable laid successfully--Messages across
the Atlantic--Celebrations in England and the United States--The signals
cease--The cable a failure--Discouraging state of affairs--Courage of
Mr. Field--Generous offer of the British Government--Fresh
soundings--Investigations of the Telegraph Board--Efforts of Mr. Field
to raise new capital--Purchase of the Great Eastern--The fourth attempt
to lay the cable--Expedition of 1865--Voyage of the Great Eastern--Loss
of the cable--Efforts to recover it unsuccessful--What the expedition
demonstrated--Efforts to raise more capital--They are pronounced
illegal--The new company--The fifth attempt to lay the cable--Voyage of
Public-domain text, read in full here on John Shaqi.
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