| Date | Text | |
|---|---|---|
30 Nov 1819
Cyrus West Field |
birth Cyrus West Field Born 30 Nov 1819; died 12 Jul 1892 at age 72. American entrepreneur who promoted the first transatlantic telephone cable. In 1856, he helped establish the Atlantic Telegraph Company. He obtained charters from the British and American governments, and arranged financial backers in New York and London. For technical services he enlisted British engineer Charles Tilston Bright and William Thomson (later Lord Kelvin). Laying the first cable was completed 5 Aug 1858, but shortly failed. Field persisted, and on 27 Jul 1866, an improved cable was laid. Field had built his personal fortune of $250,000 from a paper business (1841-53). Later, he invested in the New York Elevated Railroad Co. (1877-80), and the Wabash Railroad. By late in life, he had lost much of his fortune. |
OnThisDay.net