The Story of the Atlantic Telegraph

Returning in the autumn, he proceeded in a small steamer, in November of that year, 1852, to stretch the first submarine cable, of any length, in America, across the Northumberland Strait from Prince Edward Island to New Brunswick, which cable, however, was shortly afterward broken, and a new one was subsequently laid down by the New York, Newfoundland, and London Telegraph Company. In the spring of the following year, 1853, Mr. Gisborne set vigorously to work to complete his favorite project of the line (which he intended should be chiefly underground) from St. John's to Cape Ray. He had constructed some thirty or forty miles of road, and was proceeding with every prospect of success, when, most unexpectedly, those of the company who were to furnish the needful funds dishonored his bills, and brought his operations to a sudden termination. He and the creditors of the company were for several months buoyed up with promises of forthcoming means from his New York allies, which promises were finally entirely unfulfilled; and Gisborne, being the only ostensible party, was sued and prosecuted on all sides, stripped of his whole property, and himself arrested to answer the claims of the creditors of the company. He cheerfully and honorably gave up every thing he possessed, and did his utmost to relieve the severe distress in which the poor laborers on the line had been involved."