Accordingly the principal telegraph lines in Ohio, Indiana, Michigan, and some of the neighboring States were brought into fraternal relations and formed the nucleus of the Western Union Telegraph Company.

The new policy soon brought prosperity in place of waste and improvidence. Profits were devoted to the purchase of additional lines, thus enlarging their domain and strengthening their position. Prosperity increased with rapid strides; and the beneficial effects of extirpating wasteful rivalry and building up a substantial system with superior facilities and provident management gave the new organization a dominating influence among the telegraph companies of America. The same general policy has been pursued to the present time [1894], and has resulted in the establishment of a prosperous corporation of magnificent proportions, carrying on a useful and beneficent business under a greater number of governmental jurisdictions, great and small, than any other corporate organization in existence.

For the development of the telegraph enterprise in America no thanks are due to the wealthy capitalists. As a rule they would not listen to suggestions of investing their money in what was contemptuously termed rotten poles and rusty wires. They wanted something more substantial and conservative as the basis of their investments. An early pioneer and builder of telegraph lines, whose name is now held in grateful memory for deeds of philanthropic beneficence visited the city of Chicago in 1847 to solicit subscriptions to the capital stock of a company then engaged in construction of the first line of telegraph between that place and the city of Buffalo. He presented a carefully prepared prospectus showing an estimated earning capacity of the projected line of one hundred dollars per day. The merits of the contemplated enterprise were freely canvassed at a meeting of bankers, at which one of the most prominent declared that any man who ever expected to see one hundred dollars per day paid for telegraphing west of Buffalo must be crazy and unworthy of belief. This oracular declaration prevailed, and the project was ignominiously rejected by the wise men of Chicago. Fortunately, citizens of smaller towns, like Ypsilanti, Kalamazoo, South Bend, Kenosha, and Racine, took a more sensible view of the proposed enterprise, and the line was built despite the contempt of Chicago capitalists. Now, however, the men of Chicago pay more than five thousand dollars a day for telegraphing at rates far lower than would have been thought possible in that early day.

The true spirit of enterprise, which has so grandly developed the resources of our imperial domain, has generally been found to prevail among people of modest means. Thus, nearly every dollar of capital contributed toward the establishment of telegraph lines in this country came from the offerings of people in very moderate circumstances. In this connection, therefore, it is extremely gratifying to state that very few enterprises of any kind have returned such generous recompense for the amount of capital invested as the telegraph and telephone lines in America. Considering the apparently temporary and short-lived character of the structures erected for these purposes, it seems difficult to comprehend the truth of this statement.

The method of telegraphic communication devised by Professor Morse has been continued in general use in this country, but instead of requiring separate wire for each circuit as formerly, six independent circuits are now operated simultaneously over a single wire by the use of the sextuplex apparatus.

(1846) REPEAL OF THE ENGLISH CORN LAWS, Justin McCarthy

After the repeal of the corn laws the tariff legislation of Great Britain was guided by a new policy, that of free trade, and it has been followed ever since. The reactionary tendencies of Continental Europe after the fall of Napoleon reached also to England, where they controlled the conduct of political affairs until Canning, in 1822, became Secretary for Foreign Affairs. His policy was liberal and did much in forming the public opinion that at length found voice in Catholic emancipation (1829), in the Reform Bill (1832), and in the abolition of slavery in the English colonies (1833). Then followed important amendments of the poor-laws, extension of local governmental powers in the towns, improvement of popular education, and other reforms.

Through all this gradual progress in liberal government and public amelioration, the need of another reform had been pointed out by some thinkers and statesmen, and at last the condition of the country favored the views of its advocates. The corn laws protected the English producers by imposing heavy duties on imported grain. At one time these duties practically prohibited such importation. McCarthy shows how the laws operated upon the people, and his story of the memorable agitation for their repeal and of the accomplishment of that object could not have been better told.

In 1815 the celebrated Corn Law was passed, which was itself moulded on the Corn Law of 1670. By the Act of 1815 wheat might be exported upon a payment of one shilling per quarter customs duty, but the importation of foreign grain was practically prohibited until the price of wheat in England had reached eighty shillings a quarter, that is to say, until a certain price had been secured for the grower of grain at the expense of all the consumers in this country. It was not permitted to Englishmen to obtain their supplies from any foreign land, unless on conditions that suited the English corn-grower's pocket.

We may perhaps make this principle a little more clear, if it be necessary, by illustrating its working on a small scale and within narrow limits. In a particular street in London, let us say, a law is passed declaring that no one must buy a loaf of bread out of that street, or even round the corner, until the price of bread has risen so high in the street itself as to secure to its two or three bakers a certain enormous scale of profit on their loaves. When the price of bread has been forced up so high as to pass this scale of profit, then it would be permissible for those who stood in need of bread to go round the corner and buy their loaves of the baker in the next street; but the moment that their continuing to do this caused the price of the baker's bread in their own street to fall below the prescribed limit, they must instantly take to buying bread within their own bounds and of their own bakers again. This is a fair illustration of the principle on which the corn laws were moulded. The Corn Law of 1815 was passed in order to enable the landowners and farmers to recover from the depression caused by the long era of foreign war. It was "rushed through" Parliament, if we may use an American expression; petitions of the most urgent nature poured in against it from all the commercial and manufacturing classes, and in vain. Popular disturbances broke out in many places. The poor everywhere saw the bread of their family threatened, saw the food of their children almost taken out of their mouths, and they naturally broke into wild extremes of anger. In London there were serious riots, and the houses of some of the most prominent supporters of the bill were attacked. The incendiary went to work in many parts of the country. At that time it was still the way in England, as it is now in Russia and other countries, for popular indignation to express itself in the frequent incendiary fire. At one place near London a riot lasted for two days and nights; the soldiers had to be called out to put it down, and five men were hanged for taking part in it.

After the passing of the Corn Law of 1815, and when it had worked for some time, there were sliding-scale acts introduced, which established a varying system of duty, so that when the price of home-grown grain rose above a