Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
When all was in readiness, Professor Morse seated himself at the
instrument, and sent his first message to Baltimore. An answer was
promptly returned, and messages were sent and replies received with a
rapidity and accuracy which placed the triumph of the invention beyond
the possibility of doubt. Congratulations were showered upon the
inventor, who received them as calmly as he had previously borne the
scoffs of many of these same men. Yet his heart throbbed all the while
with a brilliant triumph. Fame and fortune both rose proudly before him.
He had won a great victory, and conferred a lasting benefit upon his
race.
The success of the experimental line brought Professor Morse numerous
offers for the use of his invention. Telegraph companies were organized
all over the country, and the stock issued by them was taken up as fast
as offered. At the present day, not only the United States, but the
whole world, is covered with telegraph lines. In July, 1862, just
eighteen years after the completion of Morse's experimental line, it was
estimated that the lines then in operation throughout the world amounted
to an aggregate length of 150,000 miles. The Morse system is adopted on
the principal lines of the United States, on all the lines of the
Eastern continent, and exclusively on all the continental lines of
Europe, "from the extreme Russian north to the Italian and Spanish
south, eastward through the Turkish empire, south into Egypt and
northern Africa, and through India, Australia, and parts of China."
The rapid growth of the telegraph interest of the United States placed
Professor Morse in the possession of a large fortune, which was greatly
increased by the adoption of his invention in Europe. The countries
which had refused him patents at first now did honor to his genius. Nor
was he the only gainer by this. In France, especially, the benefits of
his invention were great. The old system of semaphore telegraphs had
been an annual expense to the government of that country of 1,100,000
francs, but Morse's telegraph yielded to the French Government, in the
first three years after its introduction, a total revenue of 6,000,000
francs.
Public-domain text, read in full here on John Shaqi.
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