The Story of the Atlantic Telegraph

But could he find anybody to join him in his bold undertaking? Starving adventurers there always are, ready to embark in any Quixotic attempt, since they have nothing to lose. But would men of sense and of character; men who had fortunes to keep, and the habit which business gives of looking calmly and suspiciously at probabilities; be found to put capital in an enterprise where, if it failed, they would find their money literally at the bottom of the sea? It seemed doubtful, but he would try. His plan was, if possible, to enlist ten capitalists, all gentlemen of wealth, who together could lift a pretty heavy load; who, if need were, could easily raise a million of dollars, to carry out any undertaking. The first man whom he addressed was his next-door neighbor, Mr. Peter Cooper, in whom he found the indisposition which a man of large fortune--now well advanced in life--would naturally feel to embark in new enterprises. The reluctance in this case was not so much to the risking of capital, as to having his mind occupied with the care which it would impose. These objections slowly yielded to other considerations. As they talked it over, the large heart of Mr. Cooper began to see that, if it were possible to accomplish such a work, it would be a great public benefit. This consideration prevailed, and what would not have been undertaken as a private speculation, was yielded to public interest. The conference ended by a conditional agreement to engage in it, if several others did, and, as we shall see, when the Company was organized, he became its President.