Bonds of the American Telegraph Company, due in 1873, $89,500
Bonds of the Western Union Telegraph Company, due in 1875, $4,857,300
———————————
Total Bonded Debt, December 1, 1867, $4,946,800
The greater portion of the debt of the Western Union Telegraph Company
was incurred in the grand attempt to construct a line on the Northwest
Coast, and across Behrings Strait to connect with the Russian line at
the mouth of the Amoor River, known as Collins’s Overland Line to
Europe, which was abandoned on the successful submergence and operation
of the Atlantic Cable.
The financial condition of the Western Union Telegraph Company May 1,
1868, was as follows:—