notice by Mr. Gisborne, and thus removed the last difficulty in their way. This much accomplished, Mr. Field hastened back to New York, and on the 6th of May, 1854, the Company was formally organized at the residence of Mr. David Dudley Field. Messrs. Cooper, Taylor, Field, Roberts, and White were the first directors. Mr. Cooper, was made President of the Company, Mr. White, Vice-President, and Mr. Taylor Secretary. A capital of one million and a half of dollars was subscribed on the spot, Mr. Field contributing about two hundred thousand dollars in cash.
Work was at once begun on the section between New York and St. John's. There was no road across the island of Newfoundland, and the Company had not only to build their telegraph line, but to construct a road by the side of it through an almost unbroken wilderness. It was a work which required the highest executive ability, and the services of an army of men. The distance across the island was four hundred miles, and there were numerous rocky gorges, morasses, and rivers in the way. The country was a desolation, and it was found that supplies would have to be transported from St. John's. The execution of the work was committed to Mr. White, the Vice-President, who went to St. John's to act as the general agent of the Company, and to Mr. Matthew D. Field, who was appointed constructing engineer. These gentlemen displayed such skill and energy in their respective positions that in two years the Company had not only built a telegraph line and a road of four hundred miles across the island, but had constructed another line of one hundred and forty miles in the island of Cape Breton, and had stretched a submarine cable across the Gulf of St. Lawrence. 1 The line was now in working order from New York to St. John's, Newfoundland, a distance of one thousand miles, and it had required about a million of dollars for its construction. It now remained to complete the great work by laying the cable between Newfoundland and Ireland.
It being desirable to examine still further the bed of the ocean over which the cable was to be laid, Mr. Field requested the Government of the