Not until 1865 was another attempt made, and then the cable was broken after 1200 miles had been successfully laid. Then, at the suggestion of Mr (afterwards Sir) Daniel Gooch, the Anglo-American Telegraph Company was formed; and on 13th July 1866 another expedition left Ireland; and towards the end of the month, the _Great Eastern_ glided calmly into Heart's Content, 'dropping her anchor in front of the telegraph house, having trailed behind her a chain of two thousand miles, to bind the Old World to the New.' But the success of the year was more than the mere laying of a cable: the _Great Eastern_ was able, in the words of the late Lord Iddesleigh, to complete the 'laying of the cable of 1866, and the recovering that of 1865.' The Queen conferred the honour of knighthood on Captain Anderson, on Professor Thomson, and on Messrs Glass and Channing; whilst Mr Gooch, M.P., was made a baronet. The charge for a limited message was then twenty pounds; and it was not long before a rival company was begun, to share in the rich harvest looked for; and thus another cable was laid, leading ultimately to an amalgamation between its ordinary company and the original Anglo-American Telegraph Company. [Illustration: The _Great Eastern_ paying out the Atlantic Cable.] Then, shortly afterwards, the Direct United States Cable Company came into being, and laid a cable; a French company followed suit; the great Western Union Telegraph Company of America entered into the Atlantic trade, and had two cables constructed and laid. The commencement of ocean telegraphy by each of these companies led to competition, and reduced rates for a time with the original company, ending in what is known as a pool or joint purse agreement, under which the total receipts were divided in allotted proportions to the companies. These companies have now eight cables usually operative; and it was stated by Sir J. Pender that these eight cables 'are capable of carrying over forty million words per annum.'