Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
This was not all, however. The Government caused further soundings to be
made off the coast of Ireland, which effectually dispelled all the fears
which had been entertained of a submarine mountain which would prove an
impassable barrier in the path of an ocean telegraph. In addition to
this, it caused the organization of a board of distinguished scientific
men for the purpose of determining all the difficult problems of
submarine telegraphy. This board met in 1859, and sat two years. The
result of its experiments and investigations was a declaration, signed
by the members, that a cable properly made, "and paid into the ocean
with the most improved machinery, possesses every prospect of not only
being successfully laid in the first instance, but may reasonably be
relied upon to continue many years in an efficient-state for the
transmission of signals."
Meanwhile, Mr. Field labored energetically to revive the company. The
war which had broken out in the United States brought home to our
Government the urgent need of telegraphic communication with Europe, and
Mr. Field had no difficulty in obtaining from the President an assurance
that this Government would be most happy to join with Great Britain in
promoting this great international work. He addressed meetings of
merchants in various American cities, and displayed the greatest energy
in his efforts to enlist the aid of American capital. Very little was
accomplished, however, until 1863. By this time the success of the lines
in the Mediterranean and in the Persian Gulf had demonstrated the
practicability of long submarine telegraphs, and the public confidence
in the attempt had been revived to such an extent that the directors
ventured to call for proposals for the manufacture of a cable. Seventeen
offers were made, from which that of Messrs. Glass, Elliott & Co., of
London, was selected. Mr. Field now renewed his indomitable efforts, and
in a few months the new capital of six hundred thousand pounds was
subscribed, Messrs. Glass, Elliott &, Co. taking three hundred and
fifteen thousand pounds, besides one hundred thousand pounds in bonds.
This was accomplished in 1864, and work on the cable was immediately
begun. The cable now adopted was very different from, and much more
sensitive than, those which had been used before. It was heavier, and
less liable to be injured by the water.
Public-domain text, read in full here on John Shaqi.
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