Benefactor; born in Stockbridge, Mass.
, Nov. 30, 1819; was educated in his native town, and went to work when fifteen years old. In 1840 he began the manufacture and sale of paper on his own account, and 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.
Subsequently he became actively identified with the construction and management of elevated railroads in New York City.
He died in New York, July 12, 1892.