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In 1851, Reuter moved to London. After failures in 1847 and 1850

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In 1851, Reuter moved to London. After failures in 1847 and 1850 Empty In 1851, Reuter moved to London. After failures in 1847 and 1850

Post by jancancook Mon Nov 07, 2011 1:21 am

In 1851, Reuter moved to London. After failures in 1847 and 1850, attempts by the Submarine Telegraph Company to lay an undersea telegraph cable across the English Channel, from Dover to Calais, promised success. Reuter set up his "Submarine Telegraph" office in October 1851 just before the opening of that undersea cable in November, and he negotiated a contract with the London Stock Exchange to provide stock prices from exchanges in continental Europe in return for access to the London prices, which he then supplied to stockbrokers in Paris. In 1865, Reuter's private firm was restructured, and it became a limited company (a corporation) called the Reuter's Telegram Company. Reuter had been naturalised as a British subject in 1857.



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