The capital being thus raised, it only remained to complete the organization of the Company by the choice of a Board of Directors, and to make a contract for the cable. The Company was organized in December, 1856, by the choice of Directors chiefly from the leading bankers and merchants of London and Liverpool. The list included such honored names as Samuel Gurney, T. H. Brooking, John W. Brett, and T. A. Hankey, of London; Sir William Brown, Henry Harrison, Edward Johnston, Robert Crosbie, George Maxwell, and C. W. H. Pickering, of Liverpool; John Pender and James Dugdale, of Manchester; and Professor William Thomson, LL.D., of Glasgow. With these English Directors were two of our countrymen, Mr. George Peabody and Mr. C. M. Lampson, who, residing abroad for more than a third of a century, did much in the commercial capital of the world to support the honor of the American name. Mr. Peabody's firm subscribed £10,000, and Mr. Lampson £2,000. The latter gave more time than any other Director in London, except Mr. Brooking, the second Vice-Chairman, who, however, retired from the Company after the first failure in 1858, when Mr. Lampson was chosen to fill his place. The whole Board was full of zeal and energy. All gave their services without compensation.
It was the good fortune of the Company to have, from the beginning, in the important position of Secretary, a gentleman admirably qualified for the post. This was Mr. George Saward—a name familiar to all who have followed the fortunes of the telegraph, in England or America, since he has been the organ of communication with the press and the public; and with whom none ever had occasion to transact business without recognizing his intelligence and courtesy.
The Company being thus in working order, proceeded to make a contract for the manufacture of a cable to be laid across the Atlantic. For many months the proper form and size of the cable had been the subject of constant experiments. The conditions were: to combine the greatest degree of strength with lightness and flexibility. It must be strong, or it would snap in the process of laying. Yet it would not do to have it too large, for it would be unmanageable. Mr. Brett had already lost a cable in the Mediterranean chiefly from its bulk. Its size and stiffness made it hard to unwind it, while its enormous weight, when once it broke loose, caused it to run out with fearful velocity, till it was soon lost in the sea. It was only the year before, in September, 1855, that this accident had occurred in laying the cable from Sardinia to Algeria. All was going on well, until suddenly, "about two miles, weighing sixteen tons, flew out with the greatest violence in four or five minutes, flying round even when the drums were brought to a dead stop, creating the greatest alarm for the safety of the men in the hold and for the vessel." This was partly owing to the character of the submarine surface over which they were passing. The bottom of the Mediterranean is volcanic, and is broken up into mountains and valleys. The cable, doubtless, had just passed over some Alpine height, and was descending into some fearful depth below; but chiefly it was owing to the great size and bulk of the cable. This was a warning to the Atlantic Company. The point to be aimed at was to combine the flexibility of a common ship's rope with the tenacity of iron. These conditions were thought to be united in the form that was adopted.[B] A contract was at once made for the manufacture of the cable, one half being given to Messrs. Glass, Elliot & Co., of London, and the other to Messrs. R. S. Newall & Co., of Liverpool. The whole was to be completed by the first of June, ready to be submerged in the sea. The company was organized on the ninth of December, and the very next day Mr. Field sailed for America, reaching New York on the twenty-fifth of December, after an absence of more than five months.
FOOTNOTES:
[A] Professor Morse was fond of the distinction between the words practical and practicable. A thing might be practicable, that is, possible of accomplishment, when it was not a practical enterprise, that is, one which could be worked to advantage. He here argues that the Atlantic Telegraph is both practicable, (or possible,) and at the same time a wise, practical undertaking.
[B] On his return to America, many inquiries were addressed to Mr. Field in regard to the form and structure of the cable, in answer to which he wrote a letter of explanation in which he said:
"No particular connected with this great project has been the subject of so much comment through the press as the form and structure of the telegraph cable. It may be well believed that the Directors have not decided upon a matter so all-important to success, without availing themselves of the most eminent talent and experience which could be commanded. The practical history of submarine telegraphs dates from the successful submersion of the cable between Dover and Calais in 1851, and advantage has been taken of whatever instruction this history could furnish or suggest. Of the submarine cables heretofore laid down, without enumerating others, the one between Dover and Calais weighs six tons to the mile; that between Spezzia and Corsica, eight tons to the mile; that laid from Varna to Balaklava, and used during the war in the Crimea, less than three hundred pounds to the mile; while the weight of the cable for the Atlantic Telegraph is between nineteen hundred pounds and one ton to the mile. This cable, to use the words of Dr. Whitehouse, 'is the result of many months thought, experiment, and trial. Hundreds of specimens have been made, comprising every variety of form, size, and structure, and most severely tested as to their powers and capabilities; and the result has been the adoption of this, which we know to possess all the properties required, and in a far higher degree than any cable that has yet been laid. Its flexibility is such as to make it as manageable as a small line, and its strength such that it will bear, in water, over six miles of its own weight suspended vertically.' The conducting medium consists not of one single straight copper-wire, but of seven wires of copper of the best quality, twisted round each other spirally, and capable of undergoing great tension without injury. This conductor is then enveloped in three separate coverings of gutta-percha, of the best quality, forming the core of the cable, round which tarred hemp is wrapped, and over this, the outside covering, consisting of eighteen strands of the best quality of iron-wire; each strand composed of seven distinct wires, twisted spirally, in the most approved manner, by machinery specially adapted to the purpose. The attempt to insulate more than one conducting-wire or medium would not only have increased the chances of failure of all of them, but would have necessitated the adoption of a proportionably heavier and more cumbrous cable. The tensile power of the outer or wire covering of the cable, being very much less than that of the conductor within it, the latter is protected from any such strain as can possibly rupture it or endanger its insulation without an entire fracture of the cable."