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Do you wish you had a way to know — for sure — what’s real and what’s not? You'll be joining over 80,000 smart subscribers who every Wednesday, get the most important news, trends and scams to avoid. You’ll find lots of great free resources here on how to avoid the most popular scams, identity theft threats, and urban legends making the rounds. To the right, you'll find our most popular articles.And if you're looking for a specific scam, you can use the Search tab at the top right side on every page.Paid by the Company……………………150,000 Less unrealised contract…………………...8,600 Total………………………………………….£141,400 To Wheatstone………………………………30,000 To Lancaster for Irish rights……………...5,217 To Materials and for other rights……...10,117 To Cooke In Cash immediately………………………..2,566 In Cash by future profits………………...48,000 In 1,820 shares each of £100, at £25 paid…………………………...45,500 Total………………………………………….£141,400 As can be seen Cooke received £50,000 and Wheatstone £30,000 in cash.

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The first Board of Directors of the Electric Telegraph Company comprised John Lewis Ricardo, the chairman, Samson Ricardo, brother and business partner of J L Ricardo, William Fothergill Cooke, George Parker Bidder and Richard Till.

These five were also the largest shareholders in the company, and were to stay in post for over ten years.

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Cooke had agreed, prior to the establishment of the Company, to finance the expansion of the telegraph by assigning the majority of his patent rights to J L Ricardo and G P Bidder.

This assignment valued Ricardo's share at £60,000 and Bidder's at £55,000, in addition to Cooke's minority at £45,000.It had a short life of just over twenty-five years.In that time it united electrically not just the entire country but also, with its corporate allies, reached the extremes of empire.Wheatstone was paid £20,000 in commutation of his royalty rights and £10,000 for his share in the Scottish, Irish and Belgian patents.Regarding the directors; the firm of J & S Ricardo & Company of 11 Angel Court, Bank, were originally merchants in the Spanish trade, but in the 1840s and 1850s had become deeply engaged in financial and political affairs; investing in foreign stocks and railways.Every day smart subscribers thank us saying they would have been scammed if they didn't subscribe to Scam Busters. Subscribe FREE to Scam Busters, a public service and the #1 publication on Internet fraud.

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