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378
The Story of the Atlantic Telegraph
·
Henry M. Field
38
This
happy
result
was
duly
celebrated,
in
the
manner
which
all
Englishmen
approve,
by
a
grand
dinner
given
by
the
commissioners
of
the
new
Company,
to
the
members
of
the
Assembly
and
other
dignitaries
of
the
colony,
at
which
there
were
eloquent
prophecies
of
the
good
time
coming,
showing
how
heartily
the
enterprise
was
welcomed
by
all
classes;
and
how
fond
were
the
anticipations
of
the
increased
intercourse
it
would
bring,
and
the
manifold
benefits
it
would
confer
on
their
long-neglected
island.
No
sooner
were
the
papers
signed,
than
the
wheels,
so
long
blocked,
were
unloosed,
and
the
machinery
began
to
move.
Mr.
White
at
once
drew
on
New
York
for
fifty
thousand
dollars,
and
paid
off
all
the
debts
of
the
old
company.
A
St.
John's
newspaper
of
April
8th,
1854,
amid
a
great
deal
on
the
subject,
contains
this
paragraph,
which
is
very
significant
of
the
dead
state
of
the
old
company,
and
of
the
life
of
the
new:
"The
office
of
the
new
Electric
Telegraph
Company
has
been
surrounded
the
last
two
or
three
days
by
the
men
who
had
been
engaged
the
last
year
on
the
line,
and
who
are
being
paid
all
debts,
dues,
and
demands
against
the
old
association.
We
look
upon
the
readiness
with
which
these
claims
are
liquidated
as
a
substantial
indication
on
the
part
of
the
new
Company
that
they
will
complete
to
the
letter
all
that
they
have
declared
to
accomplish
in
this
important
undertaking."
In
the
early
part
of
May,
the
two
gentlemen
who
had
remained
behind
in
Newfoundland
rejoined
their
associates
in
New
York,
and
there
the
charter
was
formally
accepted
and
the
Company
organized.
As
all
the
associates
had
not
arrived
till
Saturday
evening,
the
6th
of
May,
and
as
one
of
them
was
to
leave
town
on
Monday
morning,
it
was
agreed
that
they
should
meet
for
organization
at
six
o'clock
of
that
day.
At
that
hour
they
came
to
the
house
of
Mr.
Field's
brother
Dudley,
and
as
the
first
rays
of
the
morning
sun
streamed
into
the
windows,
the
formal
organization
took
place.
The
charter
was
accepted,
the
stock
subscribed,
and
the
officers
chosen.
Mr.
Cooper,
Mr.
Taylor,
Mr.
Field,
Mr.
Roberts,
and
Mr.
White
were
the
first
directors.
Mr.
Cooper
was
chosen
President,
Mr.
White,
Vice-President,
and
Mr.
Taylor,
Treasurer.
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