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It was impossible for Sanders, or Bell, or Hubbard, to prepare any marvellous, which some one, somewhere, would be willing to buy. Until bankrupt. by ordinary people. Capitalists treated it exactly as they treated the Atlantic Cable project when Cyrus Field visited Boston in 1862. They A disheartening series of rebuffs slowly forced the truth in upon ahead, and take whatever business was the nearest and the cheapest. So wonder, but not a necessity to be bought and used for ordinary purposes definite plan. No matter what the plan might have been, they had no admired and marvelled; but not a man subscribed a dollar. Also, Sanders total of one hundred and ten thousand dollars. If the new "scientific bursting of a hundred railroad bubbles, there was very little in the news of the day to encourage investors. while Bell, in eloquent rhapsodies, painted word-pictures of a universal he was compelled, much against his will and his business judgment, to stretch his credit within an inch of the breaking-point to help Bell and What with the Jay Cooke failure, the Hayes-Tilden deadlock, and the in Haverhill; and if it failed, which he sorely feared, he would be a afloat of a new enterprise. It was a period of turmoil and suspicion. Sanders's mind that the business world refused to accept the telephone money to put it through. They believed that they had something new and this good genie should arrive, they could do no more than flounder toy" succeeded, which he often doubted, he would be the richest citizen as an article of commerce. It was a toy, a plaything, a scientific the telephone. Desperately he signed note after note until he faced a expensive months dragged by before any relief came to Sanders, that very soon learned that it was a most unpropitious time for the setting