Samuel F. B. Morse, His Letters and Journals - In Two Volumes, Volume II by Samuel F. B. (Samuel Finley Breese) Morse
page 373 of 596 (62%)
page 373 of 596 (62%)
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the Niagara and sail from Liverpool on the Arabia, on September 19, and
in due time he arrived at his beloved home on the Hudson. While still intensely interested in the great cable enterprise, he begins to question the advisability of continuing his connection with the men against whom Mr. Kendall had warned him, for in a letter to his brother Richard, of October 15, 1857, he says: "I intend to withdraw altogether from the Atlantic Telegraph enterprise, as they who are prominent on this side of the water in its interests are using it with all then: efforts and influence against my invention, and my interests, and those of my assignees, to whom I feel bound in honor to attach myself, even if some of them have been deceived into coalition with the hostile party." It was, however, a great disappointment to him that he was not connected with future attempts to lay the cable. His withdrawal was not altogether voluntary in spite of what he said in the letter from which I have just quoted. While he had been made an Honorary Director of the company in 1857, although not a stockholder, a law was subsequently passed declaring that only stockholders could be directors, even honorary directors. He had not felt financially able to purchase stock, but it was a source of astonishment to him and to others that a few shares, at least, had not been allotted to him for his valuable services in connection with the enterprise. He had, nevertheless, cheerfully given of his time and talents in the first attempt, although cautioned by Mr. Kendall. He goes fully into the whole matter in a very long letter to Mr. John W. Brett, of December 27, 1858, in which he details his connection with the cable company, his regret and surprise at being excluded on the ground of his not being a stockholder, especially as, on a subsequent visit to Europe, he found that two other men had been made honorary directors, |
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