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John Gillis's avatar

One puzzle here about Morse's travail, is that he spent years getting no bites to develop his concept into a long distance telegraph system, and ended up grasping for money from Congress to establish the first line. (It's no wonder that scores of voters abstained, since many politicians back then abhorred the concept of government going into a business and being a "venture capitalist".) So, why were there not any businessmen who could have made big profits if they had adopted this new technology? No mention in the article but one major field that should have funded Morse right away, was any large newspapers. Did no one see that they could transmit information from one town to another instantly and thus make their news outlet the hottest thing in town?

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