The Story of the Atlantic Telegraph

"Let us see where we are. What shall we gain by refusing to enter into this agreement? If we do not make it, the British Government has only to add ten thousand pounds sterling more annually, and they have the whole monopoly of this wire, without any stipulation whatever--not only in war but in peace. If we make this contract with the Company, we at least secure the benefit of it in time of peace, and we postpone and delay the dangers of war. If there shall ever be war, it would abrogate all treaties that can be made in regard to this subject, unless it be true, as the honorable Senator from Virginia thinks, that treaties can be made which will be regarded as obligatory by nations in time of war. If so, we have all the advantages in time of peace, for the purpose of making such treaties hereafter, without the least reason to infer that there would be any reluctance on the part of the British Government to enter into that negotiation with us, if we should desire to do so. The British Government, if it had such a disposition as the honorable Senator supposes, would certainly have proposed to monopolize all this telegraphic line, instead of proposing to divide it."[A] Mr. Hale spoke in the same strain: "It seems to me that the war spirit and the contingencies of war are brought in a little too often upon matters of legislation which have no necessary connection with them. If we are to be governed by considerations of that sort, they would paralyze all improvements; they would stop the great appropriations for commerce; they would at once neutralize that policy which sets our ocean steamers afloat. Nobody pretends that the intercourse which is kept up between Great Britain and this country by our ocean steamers would be continued in time of war; nor the communication with France or other nations.