The Age of Big Business: A Chronicle of the Captains of IndustryHendrick, Burton Jesse
History
The Age of Big Business: A Chronicle of the Captains of Industry
Hendrick, Burton Jesse
Big business -- United States -- History; Industries -- United States -- History
Lord Northcliffe's experience had a certain dramatic justice which
probably even he did not appreciate. He is the proprietor of the London
Times, a newspaper which, when the telephone was first introduced,
denounced it as the "latest American humbug" and declared that it "was
far inferior to the well-established system of speaking tubes." The
London Times delivered this solemn judgment in 1877. A year before, at
the Philadelphia Centennial Exposition, Don Pedro, Emperor of Brazil,
picked up, almost accidentally, a queer cone-shaped instrument and put
it to his ear, "My God! It talks!" was his exclamation; an incident
which, when widely published in the press, first informed the American
people that another of the greatest inventions of all times had had its
birth on their own soil. Yet the initial judgment of the American people
did not differ essentially from the opinion which had been more coarsely
expressed by the leading English newspaper. Our fathers did not denounce
the telephone as an "American humbug," but they did describe it as a
curious electric "toy" and ridiculed the notion that it could ever have
any practical value. Even after Alexander Graham Bell and his associates
had completely demonstrated its usefulness, the Western Union Telegraph
Company refused to purchase all their patent rights for $100,000! Only
forty years have passed since the telephone made such an inauspicious
beginning. It remains now, as it was then, essentially an American
achievement. Other nations have their telephone systems, but it is
only in the United States that its possibilities have been even faintly
realized. It is not until Americans visit foreign countries that they
understand that, imperfect as in certain directions their industrial
and social organization may be, in this respect at least their nation is
preeminent.
Public-domain text, read in full here on John Shaqi.
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