Later, a rival company appears; Anglo Irish secretly builds a telegraph line in Ireland that gives it a two-hour lead in getting news from ships coming from America. Reuter borrows money from his client and good friend, Sir Randolph Persham, and builds his own line, one that extends further west and gets the news even quicker. Its first use is to announce the assassination of President Lincoln. As nobody knows about Reuter's new telegraph line, he is accused of making the tragedy up in order to manipulate the stock market; even Sir Randolph believes the rumors at first. The matter is brought up in the British Parliament, but Reuter is vindicated when slower services confirm his story.