re of Newfoundland a charter guaranteeing an exclusive right, for fifty years, to establish a telegraph from the American continent to that island.
and thence to Europe.
These gentlemen were Peter Cooper, Moses Taylor, Marshall O. Roberts.
Chandler White, and Cyrus W. Field. Twenty-five years afterwards.
all but one (Mr. White) were living, and again met in the same room, and around the same table whereon that association was signed, with the same attorney of the association then engaged, DaMr. White) were living, and again met in the same room, and around the same table whereon that association was signed, with the same attorney of the association then engaged, David Dudley Field.
Mr. Cooper was chosen president of the company.
Mr. Field procured a cable in England to span the waters between Cape Ray and Cape Breton Island.
It was sent out in 1855.
and was lost in an attempt to lay it. It was recovered, and was suceessfully laid in 1856.
The same year Mr. Field organized in London the Atlantic Telegraph Company to carry the line across the ocean.
Mr. Field subscribed for one-fourth of the stock of the company.
The American and British governmen
in fifteen years became so prosperous that he was able to partially retire.
About this time he became interested in ocean telegraphy, and for some time pondered the question whether a cable could not be stretched across the Atlantic.
In 1854 he obtained from the Newfoundland legislature the exclusive right for fifty years to land cables on that island to be continued to the United States.
He next formed a corporation consisting of Peter Cooper, Moses Taylor, Marshall O. Roberts, and Chandler White, and known as the New York, Newfoundland, and London Telegraph Company, to procure and lay a cable.
After many failures and disappointments a cable was successfully laid across the Atlantic in 1866 (see Atlantic Telegraph). For his achievement he received a medal from Congress and the thanks of the nation.
In 1867 the Paris Exposition bestowed upon him the grand medal, its highest honor.
He also was the recipient of many other medals and honors.
Cyrus West field. Subsequently he be