In the old times of the great Northwest Company
, when the trade in furs was pursued chiefly about the lakes and rivers, the expeditions were carried on in batteaux and canoes.
Indeed, the partners from below considered the whole dignity of the company as represented in their persons, and conducted themselves in suitable style.
Such was the Northwest Company in its powerful and prosperous days, when it held a kind of feudal sway over a vast domain of lake and forest.
And on the sixth of the month you can count on twenty thousand more from the Water Company
." He shrugged his shoulders.
The 13th of April, 1867, the sea being beautiful, the breeze favourable, the Scotia, of the Cunard Company's line, found herself in 15@ 12' long.
She was then three hundred miles from Cape Clear, and, after three days' delay, which caused great uneasiness in Liverpool, she entered the basin of the company.
Two months after the Western Union had given its weighty endorsement to the telephone, these men organized a company to do business in New England only, and put fifty thousand dollars in its treasury.
He persuaded half a dozen of his post office friends to buy stock, so that in less than two months the first "Bell Telephone Company" was organized, with $450,000 capital and a service of twelve thousand telephones.
Vail's first step, naturally, was to stiffen up the backbone of this little company, and to prevent the Western Union from frightening it into a surrender.
We must organize companies with sufficient vitality to carry on a fight, as it is simply useless to get a company started that will succumb to the first bit of opposition it may encounter."
He agreed to take part of the royalties in stock, when any local company preferred to pay its debts in this way.
His central idea, from the first, was not the mere leasing of telephones, but rather the creation of a Federal company that would be a permanent partner in the entire telephone business.