The Commercial Cable Company was founded in New York in 1884 by John William Mackay and James Gordon Bennett, Jr. Their motivation was to break the then virtual monopoly of Jay Gould on transatlantic telegraphy and bring down prices (particularly for Bennett's newspaper empire).
The Commercial Cable Company was founded in New York in 1884 by John William Mackay and James Gordon Bennett, Jr. Their motivation was to break the then virtual monopoly of Jay Gould on transatlantic telegraphy and bring down prices (particularly for Bennett's newspaper empire).
Source: Wikipedia "Commercial Cable Company" · CC BY-SA 4.0
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