Scientific American Supplement, No. 530, February 27, 1886 by Various
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page 6 of 145 (04%)
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the application would be granted, he received for answer: "We had made up
our minds to allow the appropriation, when the Professor came in and upset everything. Why! he undertook to tell us that he could send ten words from Washington to Baltimore in two minutes. Good heavens! Twenty minutes is quick enough, but two minutes is nonsense. The Professor is too radical and visionary, and I doubt if the committee recommend the sum to be risked in such a manner." Mr. Sibley's sound arguments and persuasiveness prevailed, though he took care not to say what he believed, that the Professor was right as to the two minutes. Their joint efforts secured the subsidy of $40,000. This example stimulated other inventors, and in a few years several patents were in use, and various lines had been constructed by different companies. The business was so divided as to be always unprofitable. Mr. Sibley conceived the plan of uniting all the patents and companies in one organization. After three years of almost unceasing toil, he succeeded in buying up the stock of the different corporations, some of it at a price as low as two cents on the dollar, and in consolidating the lines which then extended over portions of thirteen States. The Western Union Telegraph Company was then organized, with Mr. Sibley as the first president. Under his management for sixteen years, the number of telegraph offices was increased from 132 to over 4,000, and the value of the property from $220,000 to $48,000,000. In the project of uniting the Atlantic and Pacific by a line to California, he stood nearly alone. At a meeting of the prominent telegraph men of New York, a committee was appointed to report upon his proposed plan, whose verdict was that it would be next to impossible to build the line; that, if built, the Indians would destroy it; and that it would not pay, even if built, and not destroyed. His reply was |
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