[The History of the Telephone by Herbert N. Casson]@TWC D-Link book
The History of the Telephone

CHAPTER II
19/44

It was a toy, a plaything, a scientific wonder, but not a necessity to be bought and used for ordinary purposes by ordinary people.

Capitalists treated it exactly as they treated the Atlantic Cable project when Cyrus Field visited Boston in 1862.

They admired and marvelled; but not a man subscribed a dollar.

Also, Sanders very soon learned that it was a most unpropitious time for the setting afloat of a new enterprise.

It was a period of turmoil and suspicion.
What with the Jay Cooke failure, the Hayes-Tilden deadlock, and the bursting of a hundred railroad bubbles, there was very little in the news of the day to encourage investors.
It was impossible for Sanders, or Bell, or Hubbard, to prepare any definite plan.


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