The American Electro Magnetic Telegraph: With the Reports of Congress, and a Description of All Telegraphs Known, Employing Electricity or GalvanismVail, Alfred
History
The American Electro Magnetic Telegraph: With the Reports of Congress, and a Description of All Telegraphs Known, Employing Electricity or Galvanism
Vail, Alfred
Telegraph -- History
There can be no doubt that the cases, where such speedy
transmission of intelligence from one distant city to
another is desirable, are so numerous, that when once the
line is made for such transmission, it will be in constant
use, and a demand made for a greater number of lines.
The paramount convenience, to commercial agents and
others, of thus corresponding at a distance, will authorize
_a rate of postage proportionate to the distance_, on the
principle of rating postage by the mails.
To illustrate the operation of the telegraph in increasing
the revenue, let us suppose that but 18 hours of the 24 are
efficiently used for the actual purposes of revenue; that
6 hours are allowed for repetitions and other purposes,
which is a large allowance. This would give, upon a single
circuit, 12,960 signs per day, upon which a rate of postage
is to be charged. Intelligence of great extent may be
comprised in a few signs. Suppose the following commercial
communication is to be transmitted from New York to New
Orleans:
Yrs., Dec. 21, rec. Buy 25 bales c., at 9, and 300 pork, at 8.
Here are 36 signs, which take three minutes in the
transmission from New York to New Orleans, and which informs
the New York merchant’s correspondent at New Orleans of
the receipt of a certain document, and gives him orders to
purchase 25 bales of cotton at 9 cents per pound, and 300
barrels of pork at 8 cents per pound. Thus may be completed,
in three minutes, a transaction in business which now would
take at least four or five weeks to accomplish.
Suppose that one cent per sign be charged for the first
100 miles, increasing the charge at the rate of half a
cent each additional 100 miles, the postage of the above
communication would be $2.88 for a distance of 1,500
miles. It would be sent 100 miles for 36 cents. Would any
merchant grudge so small a sum for sending such an amount of
information in so short a time to such a distance? If time
is money, and to save time is to save money, surely such an
immense saving of time is the saving of an immense sum of
money. A telegraphic line of a single circuit only, from New
York to New Orleans, would realize, then, to the Government,
_daily_, in the correspondence between those two cities
alone, over _one thousand dollars_ gross receipts, or over
$300,000 per annum.
Public-domain text, read in full here on John Shaqi.
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