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378
The Story of the Atlantic Telegraph
·
Henry M. Field
82
The
capital
being
thus
raised,
it
only
remained
to
complete
the
organization
of
the
Company
by
the
choice
of
a
Board
of
Directors,
and
to
make
a
contract
for
the
cable.
The
Company
was
organized
in
December,
1856,
by
the
choice
of
Directors
chiefly
from
the
leading
bankers
and
merchants
of
London
and
Liverpool.
The
list
included
such
honored
names
as
Samuel
Gurney,
T.
H.
Brooking,
John
W.
Brett,
and
T.
A.
Hankey,
of
London;
Sir
William
Brown,
Henry
Harrison,
Edward
Johnston,
Robert
Crosbie,
George
Maxwell,
and
C.
W.
H.
Pickering,
of
Liverpool;
John
Pender
and
James
Dugdale,
of
Manchester;
and
Professor
William
Thomson,
LL.D.,
of
Glasgow.
With
these
English
Directors
were
two
of
our
countrymen,
Mr.
George
Peabody
and
Mr.
C.
M.
Lampson,
who,
residing
abroad
for
more
than
a
third
of
a
century,
did
much
in
the
commercial
capital
of
the
world
to
support
the
honor
of
the
American
name.
Mr.
Peabody's
firm
subscribed
L10,000,
and
Mr.
Lampson
L2,000.
The
latter
gave
more
time
than
any
other
Director
in
London,
except
Mr.
Brooking,
the
second
Vice-Chairman,
who,
however,
retired
from
the
Company
after
the
first
failure
in
1858,
when
Mr.
Lampson
was
chosen
to
fill
his
place.
The
whole
Board
was
full
of
zeal
and
energy.
All
gave
their
services
without
compensation.
It
was
the
good
fortune
of
the
Company
to
have,
from
the
beginning,
in
the
important
position
of
Secretary,
a
gentleman
admirably
qualified
for
the
post.
This
was
Mr.
George
Saward--a
name
familiar
to
all
who
have
followed
the
fortunes
of
the
telegraph,
in
England
or
America,
since
he
has
been
the
organ
of
communication
with
the
press
and
the
public;
and
with
whom
none
ever
had
occasion
to
transact
business
without
recognizing
his
intelligence
and
courtesy.
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