A History of the United States in Chronological Order From the Discovery of Am

Cover A History of the United States in Chronological Order From the Discovery of Am
A History of the United States in Chronological Order From the Discovery of Am
Emery E Childs
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The estimated cost of a line from Philadelphia to Hudson River was fifteen thou sand dollars, which sum was with difficulty secured, chiefly outside of New York. Mr. Corcoran of Washington was the first to contribute. It was provided in the original subscription that the payment of fifty dollars should entitle the subscriber to two shares of fifty dollars each. A payment of fifteen thou sand dollars, therefore, required an issue of thirty thousand dollars stock. To the patentees were issued an ...additional thirty thousand dollars of stock, or half the capital, as the consider ation of the patent. The capital stock was therefore fixed at sixty thousand dollars. Meanwhile an act of incorporation was granted by the Legislature of Maryland the first telegraphic charter issued in the United States/ The name of the company mn ten years, years after he had discovered the secret of vulcanization, succeeded in conducting his process with abso lute certainty. It was in 1820 that a pair of rubber shoes was seen for the first time in the United States.

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