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The fixed costs of maintaining and operating the telegraph system would still have to be paid. [238] The press rate was not increased until 1940 when it went up to one shilling and threepence (6.3p), the result of a general increase in all charges.
When the courts caused Western Union to give up the telephone business and the first two companies consequently merged (under the name of the Metropolitan Telephone and Telegraph Company), the Law Telegraph Company became the sole independent company in New York City, though subscribers on its exchange were able to communicate with the ...
The electric telegraph was slower to develop in France due to the established optical telegraph system, but an electrical telegraph was put into use with a code compatible with the Chappe optical telegraph. The Morse system was adopted as the international standard in 1865, using a modified Morse code developed in Germany in 1848. [1] The ...
Telegraph service permitted short texts to be sent cheaply and arrive in a matter of minutes to hours, instead of days or weeks. Telegraphy facilitated faster and more profitable freight and passenger railway traffic, consolidated financial and commodity markets, sped political news and commentary, and lowered information costs for companies. [1]
The operational costs of the telegraph in the year 1799/1800 were 434,000 francs ($1.2 million in 2015 in silver costs [35]). In December 1800, Napoleon cut the budget of the telegraph system by 150,000 francs ($400,000 in 2015) [35] leading to the Paris-Lyons line being temporarily closed. Chappe sought commercial uses of the system to make up ...
The cost of installing wires was ultimately more economically significant than the cost of training operators. The one-needle telegraph proved highly successful on British railways, and 15,000 sets were in use at the end of the nineteenth century; some remained in service in the 1930s. [42]
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