Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1884-02-03

fhcse whose YOcals powers lacked tram
- LecaIlse the power of hearing WAS
1nSkiug. During this time he was max
- eXperime nIs, and it is believed 1t
90 then LIE conceived and conSumated
ne idea of speaking by means Of cleo
THO " Tres. Inc prospect was not Halter
I'M at first, out with the assistance OF
III father Iu.Iaw Professor Bell tiualiy
listed the interest and the money of
eli men as John NJ. Forbes, William
IL ForSes, q. l.. Bradley and Others.
PoAGay PIoit sSor Bell is residing in
5 Wasl. layton, and LIE also has msgni-
foeht residence in Cambridge, Mass.
His fortune IS VariOuSly estimated at
nom s., UUO, UUJ 10 S5,rOO,OOO.
Al tue time OF the great fight between
the Western Union and the Bell IeIe-
phorc CUupany the latter was appar-
entity getting the best of iC when the
Blake Irausmitter made its appearance,
and fortune at once began to dawn upon
the y,.uug company. 1t is not known
definll ~ whether anybody was inter-
esteG with Blake in this invention, but
it's Irgt,y certain, according to all re-
portS, tai the latter got very large
sun lrum the Bell company for his III
ypntI,.b. and be also secured cOnSIdGra-
Die s,,,.o Is we'll 81 royalty on his pat
ant. }Il- share in the stocks and the
EoyLl y Iom lis invention has
NsT:ed Hun Fortune.
whicl. viii approximate y, 100000.
Al he time that Mr.. William II.
Forb.s inst invested in the telephone
The sock vas selling very lOY-sOme-
WhgI, irUu 50 ~ ~ per share. Ihat
II l I.... NAlsafnFaID ny UiN'-
iDg Tie older oi every share sevcu ue%
ahar. :, aud the eight are now worth
.moIc than Sl5O each, making q rise ot
ffom so to II 200 or more. Gossip mas
itthaI Mr. Forbes borrowed or received
81, Goa from his father to put into tele,
phone stocks, and that this has swelIed
10 q larger fortune than ever his iather
owned. lie Is credited with being
worth from S5,OOp,hDl 10 So,OJ,OJO. de
1--we in lIxury aud splendOr ut Milton.
Mr.. TnrOdUre y. Vail II genera!
mansger OF the company. He WIS II
enc tine u telegraph operator IN the
onpluy OF the Union Pacific Rail way
ComTaUy, but Oy perseverance aGu IA
ttgriIy ne gradually worked hIs way up
TO the pOsItiun Of superintendent Oi Ile
mail service, "a very responsible posi-
don. From this he CSme TO the Bell
conlIaIIy, with small fortune but large
faith a.d energy. RuTOr gives hum
nom = ltU, 900 To SIOOO,OOO. Perhaps
he is worth more. He resides At the
Sour. End, Boston, and has a msgni-
ficent residence, with all the modern
impruv. mCn,s. lie also has u well
sfock,d farm in New Hampshire, in
vhicr he takes great deal OF Interest
.anl pride. As business man he has
few equals.
Whtn the company WAS in its infancy,
perhaus there Was no one who better
understood its value and could fOreSee
the rlrh returns that were in store for
a4he III trehOlders than Gardner Il. Hub
hard. Tie fearlessly invested something
like 100000 IN the company, and his
money has yielded him a return Of up
ward OF S3,OOO.OOO.
Prominent among those who went
into the enterprise In its early days may
be mentioned Alexander Cochran and
@. L. Rowditch, OF Boston, and Thomas
sanders, of Haverhill. A gentleman
veil informed in this matter told the
vriler these gentleman had consider
able " talth when they first went into
IL, and only put in portion OF their
money.
"Iterl you it was mighty hard sailing
ID these days" continued the gentle
man, but sanders had
Pluck and Perseverance.
although he did not have 80 much
money TO invest in a speculation which
might win or lose, but the wave Of sue
tess when itstruck the company picked
Jim up with n great many more, and
sanders il today worth in the vicinity
of s., 500, 900 or S3,0OO,OOO, while COch-
ran anu BOwditCh are worth something
Ike s., OCO,OO0 apiece.
"Mr. q. f.. Madden, who is now as
asistany general manager, came To B)S-
tor from New York, where he was act
ing as manager OF the Domestic Sew
Ing Machine Company. His business
was to So, q the licensees for the tele-
pbOuv company, aud he has used such
discretion IN This, i'm all parts Of the
couutry, that thesuccess ofIhe company
blsrgciy due TO his Judgment. Aud he
has been fairly rewarded with such Op,
portuuities that tie possesses from $500.
0CO To 500, 600.
"1Ls gentlemen connected with the
;Bouti tru Massachusetts Telephone
Conn any have made good money fast.
IhOsr most heavily interested are eX.
ConCreSsman w. w. Crapo, Charles J.
Elifi0rd, aud William lvers, all Of New
Bedford. Their original investment
Was something like $4,000 or S25,ODO
md they could easily take out from
80, eco to 81 100000 Il they wautod 10
cell out.
"Other pioneers in the telephone
busintSS were George w. Piper and
Albert 7. Sawyer, of NewburypOrt, who
Rere connected Charles Sanders, oI
|alem, and A. ID. Swan and Mr.. Knox,
~ Lawrence, in the Essex company
~ these have row withdrawn from
pc company, and they have probably
ken out from 100000 to $50, 00O
piece. There Were Charles F. Cutler
NO Joel c. Clark, Of South Franz 'ng.
Dn, who were interested largely in the
Bay State company, from which
hey TOOH OuI Large Sans of Money
hen they withdrew, only to invest In
pc business IN Pennsylvania, where 8
prtune awaits them.
Then there is the Lowell syndicate,
ne principals are Charles j. Glidden,
William a. Ingham and Loren y,
ownes, although A. A. Coburu and
VILLAIN II. Bent have been connected
rlth the so-called syndicate for the past
yesr or two.
Before the new England consolids-
ION the syndicate had control of the
oek III the companies which controlled
Sne whole territory Of Maine, New
8 Har'pShire, Vermont and a large nor.
Hon OF Massachusetts,, besides being the
heavi's st owners in the territory which
E Comprises the whole Of Texas, Arkan.
pas and Minnesota, aud 3 portion of
Dakota and Ohio. Or these men Mr.
Glidden vas a telegraph operator and
started the telephone business by get
ting the right for Lowell, and out Of this
has grrwD all the business Of the 90
SCALED Lowell syndicate Mr.. Inghsn,
was q successful grocer. ard was worth
perhsps So, 600 OF SIC, 900. He Furnished
the first substantial aid to GITjden. Mr.
Downes vas the chief opeTa.0r in ths