His most absorbing interest in his later years was his titanic battle to break the cable and telegraph monopoly built up by Jay Gould. ... of a cable from New York to Cuba, and from the Azores to Ireland, and remained head of the Postal Telegraph-Commercial Cable Empire until the 1930s. The company, however, was hit very hard by the stock market crash in 1929, and went into receivership in 1935.
|Title||:||Biographical Dictionary of American Business Leaders|
|Author||:||John N. Ingham|
|Publisher||:||Greenwood Publishing Group - 1983|