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CYRUS WEST FIELD (1819-1892)

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Originally appearing in Volume V10, Page 321 of the 1911 Encyclopedia Britannica.
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CYRUS See also:WEST See also:FIELD (1819-1892)  , See also:American capitalist, projector of the first See also:Atlantic See also:cable, was See also:born at See also:Stockbridge, See also:Massachusetts, on the 3oth of See also:November 1819 . He was a See also:brother of See also:David See also:Dudley See also:Field . At fifteen he became a clerk in the See also:store of A . T . See also:Stewart & Co., of New See also:York, and stayed there three years; then worked for two years with his brother, See also:Matthew See also:Dickinson Field, in a See also:paper-See also:mill at See also:Lee, Massachusetts; and in 1840 went into the paper business for himself at See also:Westfield, Massachusetts, but almost immediately became a partner in E . See also:Root & Co., wholesale paper dealers in New York See also:City, who failed in the following See also:year . Field soon afterwards formed with a ' See the Manesse See also:MSS. reproduced in See also:part. by F . H. vpn der See also:Hagen, Heldenbilder (See also:Leipzig and See also:Berlin, 1855) and Bildersaal . The fiddles are reproduced in J . Ruhlmann's Geschichte der Bogeninstrumente (See also:Brunswick, 1882), plates . 2 See See also:Schiller's See also:Thesaurus antiq . Teut. vol. i. p .

379 . brother-in-See also:

law the See also:firm of See also:Cyrus W . Field & Co., and in 1853 had accumulated $250,000, paid off the debts of the Root See also:company and retired from active business, leaving his name and $roo,000 with the concern . In the same year he travelled with See also:Frederick E . See also:Church, the artist, through See also:South See also:America . In 1854 he became interested, through his brother Matthew, a See also:civil engineer, in the project of Frederick See also:Newton See also:Gisborne (1824—1892) for a See also:telegraph across See also:Newfoundland; and he was attracted by the See also:idea of a trans-Atlantic telegraphic cable, as to which he consulted S . F . B . See also:Morse and Matthew F . See also:Maury, See also:head of the See also:National See also:Observatory at See also:Washington . With See also:Peter See also:Cooper, See also:Moses See also:Taylor (1806-1882), See also:Marshall See also:Owen See also:Roberts (1814—188o) and See also:Chandler See also:White, he formed the New York, Newfoundland & See also:London Telegraph Company, which procured a more favourable See also:charter than Gisborne's, and had a See also:capital of $1,500,000 . Having secured all the practicable landing rights on the American See also:side of the ocean, he and See also:John W .

Brett, who was now his See also:

principal colleague, approached See also:Sir See also:Charles See also:Bright (q.v.) in London, and in See also:December 1856 the Atlantic Telegraph Company was organized by them in See also:Great See also:Britain, a See also:government See also:grant being secured of £14,000 annually for government messages, to be reduced to fro,000 annually when the cable should pay a 6% yearly See also:dividend; similar grants were made by the See also:United States government . Unsuccessful attempts to See also:lay the cable were made in See also:August 1857 and in See also:June 1858, but the See also:complete cable was laid between the 7th of See also:July and the 5th of August 1858; for a See also:time messages were transmitted, but in See also:October the cable became useless, owing to the failure of its See also:electrical insulation . Field, however, did not abandon the enterprise, and finally in July 1866, after a futile See also:attempt in the previous year, a cable was laid and brought successfully into use . From the See also:Congress of the United States he received a See also:gold See also:medal and a See also:vote of thanks, and he received manyother honours both at See also:home and abroad . In 1877 he bought a controlling See also:interest in the New York Elevated Railroad Company, controlling the Third and Ninth See also:Avenue lines, of which he was See also:president in 1877—1880 . He worked with See also:Jay See also:Gould for the completion of the See also:Wabash railway, and at the time of his greatest stock activity bought The New York Evening See also:Express and The See also:Mail and combined them as The Mail and Express, which he controlled for six years . In 1879 Field suffered financially by See also:Samuel J . See also:Tilden's heavy sales (during Field's See also:absence in See also:Europe) of " Elevated " stock, which forced the See also:price down from 200 to 164; but Field lost much more in the great " Manhattan squeeze " of the 24th of June 1887, when Jay Gould and See also:Russell See also:Sage, who had been supposed to be his backers in an attempt to bring the Elevated stock to 200, forsook him, and the price See also:fell from 1562 to 114 in See also:half an See also:hour . Field died in New York on the 12th of July 1892 . See the See also:biography by his daughter, See also:Isabella (Field) See also:Judson, Cyrus W . Field, His See also:Life and See also:Work (New York, 1896) ; H . M .

Field, See also:

History of the Atlantic Telegraph (New York, 1866) ; and Charles Bright, The See also:Story of the Atlantic Cable (New York, 1903) .

End of Article: CYRUS WEST FIELD (1819-1892)
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