See also:American capitalist, projector of the first
See also:cable, was
See also:born at
See also:Stockbridge, Massachusetts, on the 3oth of
See also:November 1819 . He was a
See also:brother of
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 Dickinson Field, in a 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 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 Hagen, Heldenbilder (
See also:Leipzig and Berlin, 1855) and Bildersaal . The fiddles are reproduced in J . Ruhlmann's Geschichte der Bogeninstrumente (
See also:Brunswick, 1882), plates . 2 See Schiller's
See also:Thesaurus antiq . Teut. vol. i. p .
379 . brother-in-
See also:law the
See also:firm of 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 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:Gisborne (1824—1892) for a telegraph across
See also:Newfoundland; and he was attracted by the idea of a trans-Atlantic telegraphic cable, as to which he consulted S . F . B . Morse and Matthew F . Maury,
See also:head of the
See also:Observatory at
See also:Washington . With
See also:Cooper, Moses
See also:Taylor (1806-1882),
See also:Owen Roberts (1814—188o) and
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 capital of $1,500,000 . Having secured all the practicable landing rights on the American side of the ocean, he and
See also:John W .
Brett, who was now his
See also:principal colleague, approached
See also:Charles Bright (q.v.) in London, and in
See also:December 1856 the Atlantic Telegraph Company was organized by them in
See also:Great Britain, a
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 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 electrical insulation . Field, however, did not abandon the enterprise, and finally in July 1866, after a futile attempt in the previous year, a cable was laid and brought successfully into use . From the Congress of the United States he received a gold medal and a
See also:vote of thanks, and he received manyother honours both at home and abroad . In 1877 he bought a controlling
See also:interest in the New York Elevated Railroad Company, controlling the Third and Ninth Avenue lines, of which he was
See also:president in 1877—1880 . He worked with 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 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:Sage, who had been supposed to be his backers in an attempt to bring the Elevated stock to 200, forsook him, and the price 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 biography by his daughter, Isabella (Field)
See also:Judson, Cyrus W . Field, His
See also:Life and
See also:Work (New York, 1896) ; H . M .
See also:History of the Atlantic Telegraph (New York, 1866) ; and Charles Bright, The
See also:Story of the Atlantic Cable (New York, 1903) .
FIELD OF THE CLOTH OF GOLD
DAVID DUDLEY FIELD (18o5-1894)
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