World's First Telecommunications Company
Magnetic Telegraph Company Certificate
Account Book (1845-1860)
Company ledger
Manuscript Division
Purchase, 2004 (125A.4)
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On May 15, 1845, the world's first telecommunications company
was officially established. The Magnetic Telegraph Company's articles
of incorporation established that for every fifty dollars subscribed
in the capital of the company, one share of common stock valued
at $100 would be issued. The articles further stated that for every
share issued, another would be issued to the patentees, who included
founders Samuel F. B. Morse, F.O.J. Smith, Leonard Gale, and Alfred
Vali. The volume is open Morse's account ledger detailing the acquisition
and disposition of his shares.
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