The Story of the Atlantic TelegraphField, Henry M. (Henry Martyn)
History
The Story of the Atlantic Telegraph
Field, Henry M. (Henry Martyn)
Transatlantic cables
But others found a readier explanation. With the natural tendency of a
popular excitement to rush from one extreme to the other, many now
believed that the whole thing was an imposition on public credulity, a
sort of "Moon hoax." An elaborate article appeared in a Boston paper,
headed with the alarming question, "Was the Atlantic cable a humbug?"
wherein the writer argued through several columns that it was a huge
deception. A writer in an English paper also made merry of the
celebration in Dublin, where a banquet was given to Sir Charles Bright,
in an article bearing the ominous title: "Very like a whale!" This
writer proved not only that the Atlantic cable was never laid, but that
such a thing was mathematically impossible. But since he turned out to
be a crazy fellow, whom the police had to take into custody, his
"demonstrations" did not make much impression on the public. The
difficulty of finding a motive for the perpetration of such a stupendous
fraud, did not at all embarrass these ingenious writers. Was it not
enough to make the world stare? to furnish something to the gaping
crowd, even though it were but a nine days' wonder? Those who thus
reasoned seemed not to reflect that such deceptions are always sure to
be found out; that one who goes up like a rocket comes down like a
stick; and that if by false means he has made himself an object of
popular idolatry, he is likely to become the object of popular
indignation.
But others there were--sharp, shrewd men--who thought they could see
through a mill-stone farther than their neighbors, who shook their heads
with a knowing air, and said: "It was all a stock speculation." One
writer stepped before the public with this solemn inquiry: "Now that the
great cable glorification is over, we should like to ask one question:
How many shares of his stock did Mr. Field sell during the month of
August?" This he evidently thought was a question which could not be
answered, except by acknowledging a great imposition on the public. If
this brilliant inquirer after truth really desired to be informed, we
could have referred him to Messrs. George Peabody & Co., of London, with
whom was deposited all of Mr. Field's stock at the time, and who,
during that memorable month of August, sold _just one share_, and that
at a price below the par value, which had been paid by Mr. Field
himself. Whether this was an object sufficiently great to set two
hemispheres in a blaze, we leave him to judge.
Public-domain text, read in full here on John Shaqi.
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