Lab
Library
Journal
Shop
Sign in
to keep
Share image
1
378
The Story of the Atlantic Telegraph
·
Henry M. Field
277
The
terms
being
settled,
it
remained
only
to
raise
the
capital.
The
Telegraph
Construction
and
Maintenance
Company
led
off
with
a
subscription
of
L100,000.
This
was
followed
by
the
names
of
ten
gentlemen,
who
put
down
L10,000
apiece.
Of
these
Mr.
Gooch
declared
his
willingness
to
increase
his
subscription
of
L10,000
to
L20,000,
while
Mr.
Brassey
would
put
down
L60,000,
if
it
were
needed.
Mr.
Henry
Bewley,
of
Dublin
also,
who
was
already
a
large
owner
of
the
Atlantic
stock,
declared
his
readiness
to
add
L20,000
more.
But
this
was
not
necessary:
and
so
they
all
stood
at
L10,000.
The
names
of
these
ten
subscribers
deserve
to
be
given,
as
showing
who
stood
forward
to
save
the
cause
in
this
crisis
of
its
fate.
They
were:
Henry
Ford
Barclay,
Henry
Bewley,
Thomas
Brassey,
A.
H.
Campbell,
M.P.,
George
Elliot,
Cyrus
W.
Field,
Richard
Atwood
Glass,
Daniel
Gooch,
M.P.,
John
Pender,
M.P.,
and
John
Smith.
There
were
four
subscriptions
of
L5,000:
by
Thomas
Bolton
and
Sons,
James
Horsfall,
A
Friend
of
Mr.
Daniel
Gooch,
M.P.,
and
John
and
Edwin
Wright;
one
of
L2,500
by
John
Wilkes
and
Sons;
three
of
L2,000
by
C.
M.
Lampson,
J.
Morison,
and
Ebenezer
Pike;
and
two
of
L1,000
by
Edward
Cropper,
and
Joseph
Robinson,--making
in
all
L230,500.
These
were
all
private
subscriptions
made
before
even
the
prospectus
was
issued,
or
the
books
opened
to
the
public.
After
such
a
manifestation
of
confidence,
the
whole
capital
was
secured
within
fourteen
days.
This
was
a
great
triumph,
especially
at
a
time
of
general
depression
in
commercial
affairs
in
England.
Marker
Marker
Fine marker
White-out
Fine white-out
Circle
Paint
Unmarker
Hand
Scalpel
Dice
Sieve
Purify
Undo
Redo
Start over
