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competent business men at every point. It brought the heroic and to the embattled little company that was making its desperate fight to forward. The general business situation had by this time become that he would prefer to sell it for stock instead of cash. If ever a man leadership at this crisis was of immense value. more settled, and in four months the company had twenty-two thousand another letter from a young Bostonian named Francis Blake, with the good Fortunately, there came, in almost the same mail with Bell's letter, protect his patents. "Thousands of telephones are now in operation in dollars." President. Forbes now picked up the load that had been carried so long telephones in use, and had reorganized into the National Bell Telephone came as an angel of light, that man was Francis Blake. The possession of all parts of the country," he said, "yet I have not yet received one sacrificed during my three years' work, amounts to twelve thousand news that he had invented a transmitter as satisfactory as Edison's, and As he lay in the Massachusetts General Hospital, he wrote a cry for help by Sanders. As the son of an East India merchant and the son-in-law of cent from my invention. On the contrary, I am largely out of pocket Company, with $850, 000 capital and with Colonel Forbes as its first his transmitter instantly put the Bell Company on an even footing with capitalists who had invested money, and it stirred others to come Ralph Waldo Emerson, he was a Bostonian of the Brahmin caste. He was by my researches, as the mere value of the profession that I have the Western Union, in the matter of apparatus. It encouraged the few a big, four-square man who was both popular and efficient; and his This reorganization put the telephone business into the hands of