Telegraph Quotes
Stimson was one of the first to realize the new economic reality in America. In prior years, wealthy individuals financed most business and industrial efforts. However, the need for capital had become so great that wealthy individuals could no longer provide sufficient capital to underwrite some of the business efforts. The age of the corporation was dawning on America and Stimson was one of the first to recognize it.
The Professor just connected a telegraph wire to the balloon tether rope and the observer/telegraph operator in the balloon could describe in real time the position, deployment, weapons and strength of the Confederates. The information was picked up by the Union officers on the ground and a few seconds later by Washington where Abraham Lincoln, a brilliant innovator in the use of telegraph technology, had a telegraph office right next to the White House. Observational intelligence was in real time reaching the Commander in Chief and the war planners not unlike the functionality of a modern observational drone. The graphic is a photo of that balloon preparing for launch.
Mr. Trump referred to Donald Trump in the 2016 Presidential election.
One of the great scientists of all time was totally wrong when it came to predicting the practical utility of the technological developments of science. In all fairness to Kelvin, once he had actually tried the new technologies, he became a great enthusiast for them and helped introduce them to the world.
Once proven, private capital carried the day from there.
Washington DC to Baltimore. While Morse is remembered as a pioneering inventor. What is not remembered is that Morse could not find private backing for his invention. However, in a midnight session of Congress in 1843, $30,000 was appropriated to build the first magnetic telegraph. Morse sent this first message from the U. S. Capitol building. In a way the telegraph was a precursor to the Internet which while conceived of by private citizens had to be initially funded by the Government.
One of the limits of the patent systems for an individual or small company is the huge effort it takes to document an invention and enforce patent rights after getting a patent.