The Story of the Atlantic CableBright, Charles, Sir
History
The Story of the Atlantic Cable
Bright, Charles, Sir
Transatlantic cables
"Taking Stock"--Further Capital--Alterations in Paying-Out
Machinery--Improved Testing and Signaling Apparatus.
This untoward interruption to the expedition was naturally a cause of
great disappointment to all connected with the undertaking; for there
was not enough cable left to complete the work, nor was there time to
get more made and stowed on board to renew the attempt before the season
would be too far advanced.
The squadron proceeded to Plymouth to unload the cable into tanks at
Keyham (now Devonport) Dockyard, chiefly because some of the ships could
not be spared by their respective governments till the following year.
In the middle of October (1857), the engineer-in-chief proceeded to
Valentia in a small paddle-steamer with the object of picking up some of
the lost line from this end. After experiencing a series of gales, over
fifty miles of the main cable were recovered, and the shore end buoyed
ready for splicing on to in the coming year.
The first expedition had opened the eyes of the investing public to the
vastness of the undertaking, and led many to doubt who did not doubt
before. Some began to look upon it as a romantic adventure of the sea,
rather than as a serious commercial undertaking. This decline of
popular faith was felt as soon as there was a call for more money. The
loss of 335 miles of cable, with the postponement of the expedition to
another year, was equivalent to a loss of £100,000.
[Illustration: FIG. 15.--Reshipment of the Cable aboard H.M.S. Agamemnon
and U.S.N.S. Niagara in Keyham Basin.]
_Raising Further Capital._--To make the above sum good, the capital of
the company had to be increased, and this new capital was not so readily
obtainable. The projectors found that it was easy to go with the current
of popular enthusiasm, but very hard to stem a growing tide of popular
distrust. And it must also be remembered that, from the very first, the
section of the public which looked with distrust upon the idea of an
Atlantic telegraph was far in excess of that which did not; indeed, the
opposition encountered was much on a par with the great popular
prejudice which George Stephenson had to overcome when projecting his
great railway schemes. But whatever the depression at the untimely
termination of the first expedition, it did not interfere with renewed
and vigorous efforts to prepare for a second. In the end the appeal to
the shareholders for more money was responded to; and the directors were
enabled to give orders for the manufacture of 700 miles of new cable of
the same description, to make up for what had been lost, and to provide
a surplus against all contingencies. Thus, 3,000 nautical miles in all
were shipped this time, instead of 2,500 miles.
Public-domain text, read in full here on John Shaqi.
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