The boys' life of EdisonMeadowcroft, Wm. H. (William Henry)
General
The boys' life of Edison
Meadowcroft, Wm. H. (William Henry)
Edison, Thomas A. (Thomas Alva), 1847-1931 -- Juvenile literature
"At that time the general superintendent of the Western Union was Gen.
T. T. Eckert (who had been Assistant Secretary of War with Stanton).
Eckert was secretly negotiating with Gould to leave the Western Union
and take charge of the Atlantic and Pacific--Gould's company. One
day Eckert called me into his office and made inquiries about money
matters. I told him Mr. Orton had gone off and left me without means,
and I was in straits. He told me I would never get another cent, but
that he knew a man who would buy it. I told him of my arrangement with
the electrician, and said I could not sell it as a whole to anybody;
but if I got enough for it I would sell all my interest in any share
I might have. He seemed to think his party would agree to this. I had
a set of quadruplex over in my shop, 10 and 12 Ward Street, Newark,
and he arranged to bring him over next evening to see the apparatus.
So the next day Eckert came over with Jay Gould and introduced him
to me. This was the first time I had ever seen him. I exhibited and
explained the apparatus, and they departed. The next day Eckert sent
for me, and I was taken up to Gould's house, which was near the Windsor
Hotel, Fifth Avenue. In the basement he had an office. It was in the
evening, and we went in by the servants' entrance, as Eckert probably
feared that he was watched. Gould started in at once and asked me how
much I wanted. I said, 'Make me an offer.' Then he said, 'I will give
you thirty thousand dollars.' I said, 'I will sell any interest I may
have for that money,' which was something more than I thought I could
get. The next morning I went with Gould to the office of his lawyers,
Sherman & Sterling, and received a check for thirty thousand dollars,
with a remark by Gould that I had got the steamboat _Plymouth Rock_, as
he had sold her for thirty thousand dollars, and had just received the
check. There was a big fight on between Gould's company and the Western
Union, and this caused litigation. The electrician, on account of the
testimony involved, lost his glory. The judge never decided the case,
but went crazy a few months afterward."
Mr. Gould controlled the Atlantic and Pacific Telegraph Company and was
aiming to get control of the Western Union Company, and his purchase
of Edison's share in the quadruplex was an important move in this
direction.
Public-domain text, read in full here on John Shaqi.
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