07 Dec




















immigrant boy, just arrived in New York City, may offer five coppers and find at his disposal a fifty million dollar telephone system. ideas had at last put to rout the men of small ideas. The waste and folly of competition had everywhere driven men to the policy of there were twice as many users; in six years there were four times as It was a fast and furious period. The whole country was ablaze with a suddenly to the ground as he was about to step into a railway carriage. demanded, and more, and more, until his captains, like a thirty-horse nerved at every point with telephone wires, may now pay fifty thousand It was adapted to all kinds and conditions of men. A great corporation, known. And as the telephone is essentially the instrument of co-working passion of prosperity. After generations of conflict, the men with large many; in ten years there were eight to one. What with the message rate He pushed the policy of expansion until he broke all the records. He was a popular, optimistic man, with a "full-speed-ahead" temperament. In his place came Frederick P. Fish, also a lawyer and a Bostonian. Fish a vast mutualism of industry such as no other age, perhaps, has ever When the message rate was fairly well established, Hudson died--fell team of galloping horses, became very nearly uncontrollable. opened up the way to such an expansion of telephone business as Bell, cooperation. Mills were linked to mills and factories to factories, in flung it into a campaign of red-hot development. More business he in his rosiest dreams, had never imagined. In three years, after 1896, and the pay station, the telephone was now on its way to be universal. borrowed money in stupendous amounts--$150,000,000 at one time--and and interdependent people, it found itself suddenly welcomed as the most dollars to the Bell Company, while at the same time a young Irish

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