II. CAPITALISTS.

of the expedition—Difficulties remedied—The new "paying-out" machinery—The expedition of 1858—The second attempt to lay the cable—Dangerous storm—Failures—Loss of the cable—The third attempt—The cable laid successfully—Messages across the Atlantic—Celebrations in England and the United States—The signals cease—The cable a failure—Discouraging state of affairs—Courage of Mr. Field—Generous offer of the British Government—Fresh soundings—Investigations of the Telegraph Board—Efforts of Mr. Field to raise new capital—Purchase of the Great Eastern—The fourth attempt to lay the cable—Expedition of 1865—Voyage of the Great Eastern—Loss of the cable—Efforts to recover it unsuccessful—What the expedition demonstrated—Efforts to raise more capital—They are pronounced illegal—The new company—The fifth attempt to lay the cable—Voyage of the Great Eastern—The cable laid at last—Fishing up and splicing the cable of 1865—The final triumph—Credit due to Mr. Field.