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378
The Story of the Atlantic Telegraph
·
Henry M. Field
80
The
next
step
was
to
raise
the
capital.
After
the
most
careful
estimates,
it
was
thought
that
a
cable
could
be
made
and
laid
across
the
Atlantic
for
L350,000.
This
was
a
large
sum
to
ask
from
a
public
slow
to
move,
and
that
lends
a
dull
ear
to
all
new
schemes.
But
armed
with
facts
and
figures,
with
maps
and
estimates,
with
the
opinions
of
engineers
and
scientific
men,
they
went
to
work,
not
only
in
London,
but
in
other
parts
of
the
kingdom.
Mr.
Field,
in
company
with
Mr.
Brett,
made
a
visit
to
Liverpool
and
Manchester,
to
address
their
Chambers
of
Commerce.
I
have
now
before
me
the
papers
of
those
cities,
with
reports
of
the
meetings
held
and
the
speeches
made,
which
show
the
vigor
with
which
they
pushed
their
enterprise.
This
energy
was
rewarded
with
success.
The
result
justified
their
confidence.
In
a
few
weeks
the
whole
capital
was
subscribed.
It
had
been
divided
into
three
hundred
and
fifty
shares
of
a
thousand
pounds
each.
Of
these,
a
hundred
and
one
were
taken
in
London,
eighty-six
in
Liverpool,
thirty-seven
in
Glasgow,
twenty-eight
in
Manchester,
and
a
few
in
other
parts
of
England.
The
grandeur
of
the
design
attracted
public
attention,
and
some
subscribed
solely
from
a
noble
wish
to
take
part
in
such
a
work.
Among
these
were
Mr.
Thackeray
and
Lady
Byron.
Mr.
Field
subscribed
L100,000,
and
Mr.
Brett
L25,000.
But
when
the
books
were
closed,
it
was
found
that
they
had
more
money
subscribed
than
they
required,
so
that
in
the
final
division
of
shares,
there
were
allotted
to
Mr.
Field
eighty-eight,
and
to
Mr.
Brett
twelve.
Mr.
Field's
interest
was
thus
one-fourth
of
the
whole
capital
of
the
Company.
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