After returning to London, Wheatstone confidently established the first telegraph company in London, or rather all of Europe, and the world—the England Electromagnetic Telegraph Company.
Moreover, he plunged all his savings into it, building telegraph stations next to every train station in London and establishing a vast telegraph network covering the entire area.
However, just as this fellow was planning to lie on his bed and count money, he suddenly realized that the return on investment for the telegraph company was apparently not as good as he had imagined.
For most people, spending 1 shilling just to send a message from Greenwich to Hackney was simply madness.
In an effort to increase usage, Wheatstone thought about lowering the telegraph prices, but with a construction cost of 165 British Pounds per mile of telegraph line right there, how much cheaper could it get?
