Since the Emperor of France chose to trust William Thomson's plan, Field similarly decided to abandon Atlantic Telegraph Company's chief engineer, Whitehouse, after weighing the pros and cons.
After all, following the 1858 telegraph "debacle," the Atlantic Telegraph Company had become notorious as a fraudulent company in the minds of citizens in England and America.
The bonds and stocks issued to fund the transatlantic telegraph project have now become worthless.
Despite the British Government establishing an "investigation committee" still probing the reason for the telegraph interruption, with initial findings absolving the Atlantic Telegraph Company, it has nevertheless been forsaken by the capital market.
Currently, all shares of the Atlantic Telegraph Company scattered in the capital market have been acquired by an obscure French company, whose holdings now surpass those of Field.
