Henry M. Field, The Story of the Atlantic Telegraph
“ In reply to your inquiries, we beg to state that we should not be willing to manufacture and lay a Submarine Telegraph Cable across the Atlantic, from Ireland to Newfoundland, assuming the entire risk, as we consider that would be too great a responsibility for any single firm to undertake; but we are so confident that these points can be connected by a good and durable cable, that we are willing to contract to do the work, and stake a large sum upon its successful laying and working. ”
