As Anglo-American was to be wound up a new company, Transatlantic Cables Ltd., Bermuda, was set up as owners of the cable ship. One condition of the lease was that on termination Western Union were required to hand over a cable ship. Anglo-American was liquidated and shareholders were paid out. This agreement ran until 1963 when Western Union terminated the lease and paid compensation. In 1912 the Western Union Telegraph Company leased all of the Anglo-American Telegraph Company’s Atlantic cables. On FebruThe Sun reported that it would be connected to the Broadway headquarters by pneumatic tubes. The Western Union Telegraph Company continued its aggressive policy of acquiring competitive firms and by 1884 it had absorbed 500 telegraph companies nationwide. 1866: Introduces the first stock ticker, providing brokerage firms with New York Stock Exchange quotations. Although Western Union headquarters were in Rochester, ANSON STAGER, general superintendent for the company, and Jeptha Wade, general agent or negotiator, relocated to Cleveland. In spring 1856, the company was reincorporated as the Western Union Telegraph Co.
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