1 00:00:08,280 --> 00:00:13,810 Well. Welcome, everybody. Thank you very much for coming to the Portland's Western Library for Special Collections. 2 00:00:14,890 --> 00:00:20,170 We're going to hear a talk from the Burn Bussey Marconi fellow, and. 3 00:00:21,190 --> 00:00:22,450 [INAUDIBLE] be introduced in a moment. 4 00:00:22,780 --> 00:00:31,570 And first, I'm here, Alexandra Franklin, to say that Ana has been with us over in the past year as a visiting fellow, 5 00:00:31,900 --> 00:00:34,090 as part of the Visiting Fellows program. 6 00:00:35,680 --> 00:00:45,670 The Visiting Fellows Program, which you may know about, invites scholars from outside of Oxford to come and spend a few months at the library. 7 00:00:46,600 --> 00:00:53,920 And one of the really wonderful opportunities we have is for a fellow in the history of science, 8 00:00:54,160 --> 00:00:58,840 technology and communications that's connected with, as the name implies, 9 00:00:59,710 --> 00:01:04,600 the fact that the Bodleian holds the Bodleian and the History of Science Museum hold 10 00:01:04,600 --> 00:01:11,020 the archive and collections of the Marconi Company that came to the Plain in 2005. 11 00:01:11,020 --> 00:01:14,830 And it was through the great good offices of the late Gordon Bussey, 12 00:01:15,460 --> 00:01:24,760 whom I believe and that knew that that the archive came here and also that funds were provided for the visiting fellowships. 13 00:01:25,420 --> 00:01:32,020 There are 2 to 4 fellows each year. You can see it as a topic that interests you. 14 00:01:32,470 --> 00:01:41,020 A video of a former fellow, Alex Taylor, on the Bodleian YouTube site discussing his research into solar weather. 15 00:01:41,620 --> 00:01:51,340 As as this was played out in the the Marconi records, we are making another call for fellows. 16 00:01:51,580 --> 00:01:58,030 So please do reach out to your colleagues who are, as I say, outside of the University of Oxford before the 2nd of December. 17 00:01:58,540 --> 00:02:03,970 If there are people, if they're scholars who would like to come and use the fall dance collections for the history of science, 18 00:02:04,240 --> 00:02:13,819 technology and communications. I'm the last of the introductions. 19 00:02:13,820 --> 00:02:23,959 Don't worry. So it's it's my very great pleasure to be introducing Dr. Anna Ganymede, but also to say a big thank you to the Bodleian and to Alex, 20 00:02:23,960 --> 00:02:29,390 because it's been a really lovely opportunity to work with them and to have one of the fellows featured here 21 00:02:29,780 --> 00:02:34,399 and and to have a joint seminar with the Bodleian and with the Oxford Centre for the History of Science, 22 00:02:34,400 --> 00:02:35,660 Medicine and Technology. 23 00:02:36,050 --> 00:02:43,340 I'm sure many of you, if you work on the modern history of science and technology, will have come across some of Anna's many works. 24 00:02:43,340 --> 00:02:48,080 She's worked, especially on the history of technology, but also on training, 25 00:02:48,500 --> 00:02:57,110 on the commercialisation and commercial activity of professors as it pertains to science and to the professors of engineering. 26 00:02:57,530 --> 00:03:01,220 She, for example, is on the editorial board of the journal The History of Technology. 27 00:03:02,000 --> 00:03:11,150 And she, of course, also is the editor with Robert Fox of Education, Technology and Industrial Performance in Europe 1852 1939. 28 00:03:11,360 --> 00:03:16,879 So it's really lovely that and I was able to come even after having to postpone a bit during 29 00:03:16,880 --> 00:03:22,280 COVID to come here and to be a Bernd Bassi Marconi visiting fellow at the Baldwin Library. 30 00:03:22,280 --> 00:03:25,609 And I was very pleased to hear that she knows both Byrne and Bussey. 31 00:03:25,610 --> 00:03:32,240 So these are real people while she was doing her research here on the Marconi archive and so she's into now. 32 00:03:35,180 --> 00:03:41,780 So I believe for her talk today, she's actually going to be drawing on some of the research that she used during her time in Oxford. 33 00:03:41,780 --> 00:03:44,830 So and thank you very much for speaking today. Thank you. Thank. 34 00:03:49,560 --> 00:03:57,730 And thank you to everybody for coming here to listen to in the hidden side of the story of Marconi. 35 00:03:58,350 --> 00:04:01,500 But first of all, allow me to start with the A. 36 00:04:02,460 --> 00:04:07,380 To all the people who made it possible for Vishakha to come here. 37 00:04:07,380 --> 00:04:13,020 First of all, those who prompted the move from Chelmsford and then for the really fantastic work that was done 38 00:04:13,020 --> 00:04:20,730 here by the librarians and the artists in making available this fantastic trove of documents. 39 00:04:22,050 --> 00:04:30,390 Now is not a rhetorical way of standing, because I do believe that by making this occasion available, 40 00:04:30,900 --> 00:04:41,100 the encouragement has been given to researchers working on as to expanding the horizon perspective, 41 00:04:41,850 --> 00:04:48,150 not only on a coding sense, but also on the context in which we can developed. 42 00:04:49,520 --> 00:05:01,069 And extend the view to the socio economic and political aspects of this study, which I do recommend as a field for research, 43 00:05:01,070 --> 00:05:07,940 because really I find this archive as a sort of the golden mine in that respect. 44 00:05:09,440 --> 00:05:18,620 Now my view, my work has been based on some of the same more marginal sides of the story of why of this. 45 00:05:19,160 --> 00:05:25,760 I began by studying the Marconi's patents on which there was not much known at the time. 46 00:05:25,760 --> 00:05:33,220 When I put my hands and when I began my work, I would like to remember that the archive was still kept in channels. 47 00:05:33,890 --> 00:05:37,910 And believe me, if you have not worked in chunks or chunks of time, 48 00:05:39,140 --> 00:05:46,820 you know the difference between working in winter in Italy and heat and place where it was. 49 00:05:47,240 --> 00:05:52,760 You had to work with gloves and hat in the hemisphere in this wonderful setting now. 50 00:05:54,170 --> 00:06:03,470 But it wasn't very nice anyway. So now I'm still working on a sort of modern aspect of the story of the Marconi Marconi Wireless Company, 51 00:06:03,890 --> 00:06:13,790 and that is the leading side of the story of the company, really more than on common sense, on the company, 52 00:06:14,180 --> 00:06:20,660 on the people who were in the company and the people who supported the company, the board of directors, 53 00:06:20,730 --> 00:06:29,810 the shareholders will accept that they take part in what we thought was really a crazy idea of wireless telegraphy. 54 00:06:30,980 --> 00:06:42,530 And so, first of all, perhaps I should remind those who are not really familiar with Marconi overcoming what and what is the legacy, 55 00:06:43,790 --> 00:06:46,120 the beginning of the old story. 56 00:06:46,130 --> 00:06:58,850 Now, Marconi arrived in London in 1896 when this famous black box with the proposal for a system of communication that could do without wireless, 57 00:06:59,330 --> 00:07:09,830 but using the electromagnetic waves and where had been just discovered a few years before that a gentleman physicist I think it it's 58 00:07:11,060 --> 00:07:20,240 one year after his arrival in 1890 7.8 look at patents for his invention and immediately after the company was set up in London. 59 00:07:22,490 --> 00:07:31,550 Only four years after, in 1901, the first transatlantic transmission mission was achieved. 60 00:07:32,030 --> 00:07:44,629 That was a fantastic and extraordinary trajectory from not a totally unprecedented system of communication to something that could go beyond for one, 61 00:07:44,630 --> 00:07:47,750 short, short of the Atlantic. 62 00:07:49,330 --> 00:07:56,380 Now much has been written on the technical side of this story. 63 00:07:57,560 --> 00:08:03,740 But very little has been written, in my view, on the company side of the story. 64 00:08:03,750 --> 00:08:11,000 How was it possible for a totally unprecedented technology and for the company that was investing 65 00:08:11,000 --> 00:08:17,000 in a totally unnoticed invented idea to survive the first initial phase of its development? 66 00:08:18,060 --> 00:08:25,440 When no money was coming from Caesar because the first slaves were obtained in 1901. 67 00:08:26,700 --> 00:08:38,550 The costs of these experiments were very high. So what is interesting for me is precisely this first period of experimentation, 68 00:08:39,720 --> 00:08:49,590 of attempts to establish the credibility and the benefit of the system with the backing of a company, the of the company. 69 00:08:49,860 --> 00:08:59,009 It looks as if all the stories of Marconi tend to focus on himself as if he was not only the technological driver, 70 00:08:59,010 --> 00:09:06,270 but also the entrepreneurial driver. As he formed, the decisions about the strategy of the company were made by himself. 71 00:09:08,290 --> 00:09:14,070 The company said the fades need to change. 72 00:09:14,530 --> 00:09:20,430 It's not their name that is constantly repeated is the name of bitcoin and very little about. 73 00:09:20,470 --> 00:09:29,300 We are the people we are working within. But. Was he really alone at the time of this enterprise? 74 00:09:30,420 --> 00:09:38,330 Who are the people we're backing? Not only the technical staff or the technical staff we know about enough when shopping. 75 00:09:39,240 --> 00:09:44,790 I think we like to know more about that as well. But on the company side, you know, very, very little. 76 00:09:46,020 --> 00:09:54,060 So what I've been trying to do in my work has been precisely to look at the hidden side of the story. 77 00:09:55,490 --> 00:10:04,640 How he managed to find not only financial support, but also legitimisation of loyalist enterprise and where the people were backing him. 78 00:10:05,970 --> 00:10:11,100 How would the invading force the year before? 79 00:10:11,820 --> 00:10:18,720 This is a period in which the company underwent not only big, important technological changes, progress, 80 00:10:19,380 --> 00:10:27,990 but it's also a period in which in which the company made profound changes in its trajectory, in its business strategy. 81 00:10:29,200 --> 00:10:36,940 As a result of the developments that were taking place and the reaction of the potential customers of the system. 82 00:10:38,050 --> 00:10:46,480 So how did the these changes in the strategy of the company took place and what 83 00:10:46,480 --> 00:10:51,670 is the profit profile of both the board of directors and the shareholders? 84 00:10:51,700 --> 00:11:01,330 Now, my argument is that by unveiling this hidden structure behind the company, 85 00:11:02,500 --> 00:11:08,770 it is possible also to understand better the visible side of the story of the Marconi Company. 86 00:11:08,770 --> 00:11:12,600 And that's what I'm trying to do. Now. 87 00:11:17,090 --> 00:11:22,010 These are mining gold mines, which I've been using for my research. 88 00:11:22,430 --> 00:11:32,719 First of all, some of the documents are kept here. Yes, there are documents in the full size regarding the approval of the company. 89 00:11:32,720 --> 00:11:36,130 But I found that very, very important. 90 00:11:36,710 --> 00:11:41,980 The minutes of the board of directors and the company reports all 3 minutes. 91 00:11:41,990 --> 00:11:45,830 And we don't have the degree to copy the official version. 92 00:11:45,830 --> 00:11:54,890 But fortunately here in the archive, the means and they have been very fundamental for me for understanding what was going on. 93 00:11:54,980 --> 00:11:56,750 It's the board level. 94 00:11:57,590 --> 00:12:07,540 The other gold mine, where the summaries of capital and shares that all the companies had to deposit in London in what was called the Companies House, 95 00:12:07,550 --> 00:12:13,970 now they are in the national accounting. Now, I selected these two years, 19, 1897, 96 00:12:14,390 --> 00:12:23,000 the at the end of the very first year of activity of the company and the night at the end the summary was issued at the beginning of 1901. 97 00:12:23,840 --> 00:12:28,190 1901 was the year when the first transatlantic experiment was carried out. 98 00:12:28,280 --> 00:12:37,160 So it's the year before. What I wanted to understand is where the people were working there and what was going on behind the scenes. 99 00:12:39,740 --> 00:12:42,950 Now, what's the cut? 100 00:12:42,950 --> 00:12:46,700 In summary, go leave as information is not much. 101 00:12:47,270 --> 00:12:53,410 They gave the name, the address, the occupation. 102 00:12:54,420 --> 00:13:00,240 And that's it. And the occupation sometime is very generic because gentle man doesn't mean much. 103 00:13:00,570 --> 00:13:10,139 So what it did was to compliment that kind of information using other sources, especially the census, the 1901 census, just 1901 onwards. 104 00:13:10,140 --> 00:13:16,590 Then you have time for it for me anyway. And that gives much more information about age sex. 105 00:13:16,590 --> 00:13:22,919 So the need in the state was a source of income and family relations, 106 00:13:22,920 --> 00:13:29,940 and that was really important for me to understand that we had we shall not happy to do that. 107 00:13:29,970 --> 00:13:38,130 I also try to extend it. I think information and it is fantastic, so much information about people you can get from from from Internet now. 108 00:13:38,520 --> 00:13:44,700 And the competition was idea from that and nothing. 109 00:13:46,260 --> 00:13:53,280 So in other important preliminary point when Marconi. 110 00:13:53,470 --> 00:14:00,990 Just very, very briefly. I hope not. But not many Marconi people are experts here, because I have to be very brief. 111 00:14:00,990 --> 00:14:08,310 When Marconi arriving in London in 1897, he did not want to set up a company. 112 00:14:09,450 --> 00:14:17,679 His idea was to get a patent so it immediately for most obtain licenses. 113 00:14:17,680 --> 00:14:22,470 The royalties go back to Italy and set the down as a professional inventor. 114 00:14:22,560 --> 00:14:26,910 That was his plan and the plan for which he had support from his family. 115 00:14:27,510 --> 00:14:34,230 The idea of setting up a company came in London and it did not come from Marconi himself. 116 00:14:35,010 --> 00:14:43,680 The mastermind and the instigator of the company was his cousin, Henry Jamison. 117 00:14:43,680 --> 00:14:49,410 DAVIES Now, and in that, it was a mining engineer. 118 00:14:50,970 --> 00:14:58,620 From I mean being a family of of five now calling the merchants. 119 00:14:59,340 --> 00:15:06,030 Um, and he was, well, he worked for companies in London. 120 00:15:06,300 --> 00:15:09,260 As an expert in a milling machinery. 121 00:15:10,080 --> 00:15:19,470 And then then we set them down in 1882 as a consulting engineer, again in London and again specialising in the field of meaning machinery. 122 00:15:20,850 --> 00:15:26,770 Now, he was a. It's always important. 123 00:15:27,730 --> 00:15:31,389 He was in a pattern of patterns. 124 00:15:31,390 --> 00:15:34,150 And so therefore, when Marconi arrived in London, 125 00:15:34,150 --> 00:15:40,510 he was the ideal person to get in touch in order to get some assistance and some idea of how to get the value. 126 00:15:40,690 --> 00:15:52,299 Boston in England and he. DAVIES who suggested to create a company not only suggested the idea he only 127 00:15:52,300 --> 00:15:59,050 managed to get support from within his network of cold merchants in London. 128 00:15:59,650 --> 00:16:02,770 He was operating both in London and in that business. 129 00:16:02,770 --> 00:16:09,450 And I mean genius. And very soon he had. Connections, very extended connections. 130 00:16:11,220 --> 00:16:16,590 Incidentally, the idea of setting up the company was not at all well received by Marco and his family. 131 00:16:16,620 --> 00:16:20,610 They were strongly against it. So it was quite an upheaval. 132 00:16:20,670 --> 00:16:23,940 The struggle between Mckone and Davis and the family, 133 00:16:23,940 --> 00:16:32,460 to convince them that there was something in that idea or in that part in that could really transform themselves in commercially important. 134 00:16:33,800 --> 00:16:37,790 Now the baby is mentioned sometime in the. 135 00:16:38,890 --> 00:16:41,890 Not a thesis about the historical and but then again, 136 00:16:42,130 --> 00:16:48,340 it's a name that comes in the beginning and then there's a few years and nobody knows what's going on with a still there. 137 00:16:48,490 --> 00:17:01,400 And if he's still there, what he's doing. Now, just to give you an idea of the climate in which this company was floated, 138 00:17:02,300 --> 00:17:08,150 this is a comment that was established only a few days after the creation of the company, 139 00:17:08,150 --> 00:17:13,520 but one of the most important donors that can contribute something, the electrician, 140 00:17:13,670 --> 00:17:23,740 so long as the company remains in its present pupa stage of development, its scene of usefulness must be obviously an exceedingly limited one. 141 00:17:24,490 --> 00:17:34,120 But of course it may develop into something different in which even the original stakeholders by enabling God. 142 00:17:34,130 --> 00:17:41,240 But then these off chances are more to the case of speculators than investors any more. 143 00:17:41,240 --> 00:17:49,180 So that way. Now he was right for many reasons that were shared by other important people. 144 00:17:49,370 --> 00:17:54,319 First of all, why wireless telegraphy? 145 00:17:54,320 --> 00:18:02,420 When there was telegraphy that was working perfectly well it master if ever it was make the work. 146 00:18:02,630 --> 00:18:07,910 Wireless telegraphy could be useful of all in those cases where cables could not be laid. 147 00:18:09,500 --> 00:18:18,800 We have such cases, for example, for communication between sure and cheap in general, between stations and other stations that we are in movement. 148 00:18:22,150 --> 00:18:29,410 But was it really possible to transform it into a feasible technology? 149 00:18:29,710 --> 00:18:37,660 The scientific community was definitely against it in the sense that, yes, it was. 150 00:18:37,660 --> 00:18:49,270 First of all, Marconi's idea. Marconi's part that was not regarded as really safe in the sense that according to the scientific community, 151 00:18:49,510 --> 00:18:59,170 Marconi was using the ideas and the tools that had already been used by experimental physicists for their own for their own research. 152 00:19:00,280 --> 00:19:04,450 So there were four possibilities of litigation. But more important than that. 153 00:19:07,010 --> 00:19:13,830 The problem was that while telegraphy had intrinsic according to physicists, 154 00:19:14,660 --> 00:19:21,860 limits and out electromagnetic waves move in straight lines, they go all around the earth. 155 00:19:22,070 --> 00:19:31,370 So there was a limit. The the the the optical horizon, the young, which, uh, electromagnetic waves could not travel. 156 00:19:32,630 --> 00:19:43,700 So that was already a limitation. And then the other limitation, even bigger in the eyes of the British community, how could a an experienced. 157 00:19:45,200 --> 00:19:50,450 Scientifically not prepare. Young inventor, develop this idea. 158 00:19:51,380 --> 00:19:57,740 This could only be achieved by someone who knew better about electricity and physics. 159 00:19:59,400 --> 00:20:10,230 Uh, so. This is to give you an idea of how risky and crazy, really important to be of telegraphy and the sun. 160 00:20:10,590 --> 00:20:14,190 So all where the people who decided to invest in this company. 161 00:20:14,580 --> 00:20:20,490 Now, this is the name of the first event, the subscribers of the company. 162 00:20:20,520 --> 00:20:32,190 As you can see, they are all coal factories and coal merchants, most of them operating in London, although not all of them were English. 163 00:20:32,610 --> 00:20:36,720 A brief example. He was Irish when it was Irish. 164 00:20:37,860 --> 00:20:48,180 But nothing was off. But they were all part of the network of convergence based in London, in the Corn Exchange in London. 165 00:20:50,670 --> 00:20:54,760 Not all of them became members of the board of directors. 166 00:20:54,990 --> 00:21:00,370 Here are the names of those who did become members of the board of directors. 167 00:21:00,420 --> 00:21:11,010 They were really especially the artist behind it. So if you can say that was one of the most important firms of all merchants operating in Britain. 168 00:21:11,430 --> 00:21:17,450 Not only one. No. She was very quickly about some of these people. 169 00:21:19,150 --> 00:21:22,540 Especially those who became very important for the development of the company. 170 00:21:22,540 --> 00:21:30,369 First of all, William Smith them. They were he and his brother, the senior partner. 171 00:21:30,370 --> 00:21:35,140 So a very, very big meal in Lancaster in about and minutes. 172 00:21:35,740 --> 00:21:41,670 One of the most important meetings in that part of the country, 173 00:21:41,680 --> 00:21:48,130 one of the most advanced technological they were the first to use the main use the first to use electricity for lighting, 174 00:21:48,780 --> 00:21:53,650 the first to install sprinklers for fire prevention. 175 00:21:54,040 --> 00:22:03,030 So very much technologically advanced. They were all really representative of the top of the category. 176 00:22:03,450 --> 00:22:07,890 But let me say something more about the three of them. 177 00:22:09,080 --> 00:22:12,250 James Bannatyne. Yeah. 178 00:22:12,480 --> 00:22:17,790 I don't have a picture of him, unfortunately, but I have a picture of where he was living. 179 00:22:18,480 --> 00:22:27,690 Now, he was from a family of males in Limerick in Ireland, very prosperous company. 180 00:22:28,080 --> 00:22:30,450 But he decided he was not interested in the business. 181 00:22:30,450 --> 00:22:36,870 He decided to withdraw and send me this referral to someone else and will retire to this beautiful 182 00:22:37,110 --> 00:22:44,520 mansion in Exeter where Marconi was often invited and he likely would match his mother as well. 183 00:22:46,690 --> 00:22:54,540 Appreciated the invitation and he bannatyne remained for the rest of the story of the continent. 184 00:22:54,810 --> 00:23:00,629 The First World War, really one of the cornerstones of the company, 185 00:23:00,630 --> 00:23:11,850 was always by the side of Marconi in all his decisions and putting money into it as we shall see the other people who are important for now hostility, 186 00:23:12,190 --> 00:23:17,880 the good bobbies. Again, this is a very interesting family, by the way. 187 00:23:18,240 --> 00:23:21,390 That is a book that has been published recently on the group Bodies. 188 00:23:22,350 --> 00:23:35,639 It's here in the library. And it's a it's the story of this family of Quakers who settled down in Ireland at the beginning of the 18th century, 189 00:23:35,640 --> 00:23:47,440 really, and developed a very big business. Their business was mainly tobacco at UTA, and only later they moved into corn milling. 190 00:23:47,730 --> 00:23:51,180 When they bought Valentines Factory. 191 00:23:53,010 --> 00:23:56,520 But they they also developed into stockbroking. I mean, good. 192 00:23:56,520 --> 00:24:00,420 Well, these are still one of the big stock brokers in London now. 193 00:24:01,650 --> 00:24:05,970 And they also develop partnerships abroad. 194 00:24:06,090 --> 00:24:10,710 They had a stock broking agency in New York. And so we should see that important. 195 00:24:11,460 --> 00:24:16,050 And here it is, the first man who became one of the members of the board of directors. 196 00:24:16,530 --> 00:24:21,230 Among many friends is Goodbody, a champion, tennis champion and football champion, by the way, 197 00:24:21,600 --> 00:24:28,960 played the important tournaments in Britain, Scotland, and he was one of the members of the board of directors in the game. 198 00:24:28,980 --> 00:24:39,690 The good qualities will remain for all our story and what absolutely critical more staunch supporters of Marconi and these the wireless project. 199 00:24:41,340 --> 00:24:49,310 Uh, no. The other side of this story. 200 00:24:51,780 --> 00:25:00,850 The shutters should go against the shoulders of the company was issued that it was a medium sized company and in 201 00:25:00,870 --> 00:25:11,370 the thousand shares the number of the shadows this is is legal says this show is small and is not only 99 people. 202 00:25:14,010 --> 00:25:21,270 And now here you have the number of shares that were taken at the end of December. 203 00:25:22,620 --> 00:25:31,260 And you will see, well, it is clear the Marconi and they held the majority of the shares because they received them in payment for their innovation. 204 00:25:32,190 --> 00:25:35,280 I mean, Marconi received them as payment of his invention, 205 00:25:35,760 --> 00:25:45,840 but yet there was money that was we went into it and it came from Irish and English shareholders in more or less even number. 206 00:25:49,730 --> 00:25:52,280 Only few Scottish shareholders. 207 00:25:52,760 --> 00:26:02,600 So this is the picture of based on the addresses of the shareholders and you can see that the number is more or less half and half. 208 00:26:03,260 --> 00:26:10,730 At that stage, the majority of the votes, if you look, consider both the English and the Irish. 209 00:26:11,090 --> 00:26:19,370 About 60% of them we are call related, the people, people who had an interest or some connection with coal. 210 00:26:20,930 --> 00:26:28,910 So if by chance you don't have a question to ask and you ask me why politicians should not use the very interesting question, 211 00:26:29,690 --> 00:26:31,190 but I don't want to deal with it now. 212 00:26:34,130 --> 00:26:41,630 Now, at the beginning, the idea of the shareholders and the board of directors was more or less the same as what Marconi had in mind. 213 00:26:42,110 --> 00:26:47,330 Get the invention working for a short, medium distance. 214 00:26:47,690 --> 00:26:51,530 Shall it quickly make money and deal with it? 215 00:26:51,590 --> 00:26:59,990 That's it. I mean, not. Not to nothing. It was already crazy to have this idea of a wireless telegraphy system that was working and selling. 216 00:27:00,440 --> 00:27:11,240 But let's not go beyond that. It was a sort of realistic approach to the new technology, and it was shared by all the members of the board. 217 00:27:12,350 --> 00:27:20,060 Probably means that months went by in 1878. 218 00:27:21,510 --> 00:27:26,129 Sorry, 1897, but nothing was really coming out of this invention. 219 00:27:26,130 --> 00:27:29,720 In commercial films, Marconi was making progress. 220 00:27:29,730 --> 00:27:32,990 He was arranging demonstrations, especially in the South. 221 00:27:32,990 --> 00:27:37,379 So seeing a lot of the stations, which were also laboratories in a way, 222 00:27:37,380 --> 00:27:44,400 and there were also shop windows for all of our clients within potential customers to come and see the system at work. 223 00:27:45,600 --> 00:27:53,520 But they were also there always sort of sniffing around, but nothing was coming in terms of any concrete proposal for purchase. 224 00:27:53,820 --> 00:27:59,040 There were negotiations important with the General Post Office. 225 00:28:00,750 --> 00:28:07,710 With the Army and the Navy were interested both for the possibility of communicating between ships in navigation. 226 00:28:08,840 --> 00:28:16,530 They were also thwarting agencies interest in both public and private governments navigation companies. 227 00:28:16,920 --> 00:28:29,760 But nothing was coming off. In fact, the most important of the negotiations with the General Post Office was proving very, very complex. 228 00:28:30,150 --> 00:28:38,370 The post office was really trying hard to sort of contain the development of the 229 00:28:38,370 --> 00:28:44,850 company and find a way of getting hold of the idea of the into without being too much. 230 00:28:45,090 --> 00:28:54,990 So there were and they stole they were not they were not moving at that point in 1898 or 80, 90. 231 00:28:55,380 --> 00:29:03,540 Yes. They were already beginning within the company and among the board of the members of the directors to host to begin to 232 00:29:04,140 --> 00:29:17,040 emerge some disappointment with what was going on and some perplexity about the direction that things were taking. 233 00:29:17,070 --> 00:29:25,050 They wanted they insistent in trying to complete at least some of the agreements, some of these things and proceed. 234 00:29:26,010 --> 00:29:35,940 So there was clearly some dissent emerging within the company despite despite the fact that the company, 235 00:29:36,270 --> 00:29:40,830 Marconi, was making progress, especially on the distance of communication. 236 00:29:40,850 --> 00:29:45,569 They still had some problems with the problem with the interference between the stations 237 00:29:45,570 --> 00:29:53,670 community for the permitting and then and sort of overlapping one with the Arab with the other. 238 00:29:55,230 --> 00:30:05,100 Let's hope the feeling was beginning to emerge within the company, that they were reaching a point when a decision had to be made. 239 00:30:05,340 --> 00:30:08,460 And the decision was between two alternatives, 240 00:30:08,730 --> 00:30:25,889 either to go for the wide path of accepting the challenge of longer distance communication, and that meant moving in that direction, 241 00:30:25,890 --> 00:30:33,209 especially of Madina communication as a way of dealing also with one of the 242 00:30:33,210 --> 00:30:39,090 main problems emerging from the and post office and the post office medically, 243 00:30:39,100 --> 00:30:49,649 among other things, that no communication system was feasible in Britain, within Britain or between from the coast of Britain. 244 00:30:49,650 --> 00:30:53,480 They had to be called controlled by the general post offices. 245 00:30:53,490 --> 00:30:57,569 So the only time the. Of commercial proposition. 246 00:30:57,570 --> 00:31:06,450 Then the company was left with laws to provide not sale of apparatus, but service. 247 00:31:08,290 --> 00:31:15,670 In other words, the system was what was to remain in the hands of the company, 248 00:31:15,970 --> 00:31:22,480 and they were providing not only operators, but also the operators for people who wanted to use the system. 249 00:31:22,600 --> 00:31:27,999 That was the only way out from the restrictions imposed by Virginia Post Office, 250 00:31:28,000 --> 00:31:33,310 but that was a good idea only if it was possible to move on the long distance. 251 00:31:34,960 --> 00:31:45,760 But in order to do so, of course, the problem was to rise to the stake and accept the fact that the company had to go on with demonstrations, 252 00:31:45,760 --> 00:31:50,230 with tests, with experiments, and they were going to be very expensive. 253 00:31:51,670 --> 00:32:06,220 So from where the money come? So the decision was made in October at the end of October, of increasing the capital in order to get more money. 254 00:32:06,820 --> 00:32:11,590 And the reason that was explained was because of the expenses. 255 00:32:11,590 --> 00:32:18,460 In order to pursue that line of long distance, we are going to need to be much greater than in the past. 256 00:32:19,510 --> 00:32:30,970 No new stations to experiment, the stations that could be set up a systems had to be paid and grow in at ease at that point. 257 00:32:31,360 --> 00:32:34,600 Some of the members of the board resigned. 258 00:32:36,480 --> 00:32:45,510 Uh. And it was at that point that Marconi and they decided to bring in more Irish people. 259 00:32:47,340 --> 00:32:51,299 And the Irish people, all they brought in is the most important. 260 00:32:51,300 --> 00:32:54,920 What was William Goodbody? 261 00:32:55,470 --> 00:33:00,660 He was a stockbroker in Dublin, but he also had connections, as they say, in New York, 262 00:33:00,840 --> 00:33:08,790 with these cousin Robert new good buddies that I really think can be found by tens. 263 00:33:09,360 --> 00:33:12,510 It's a huge family. And to navigate, we'd be good buddies. 264 00:33:12,970 --> 00:33:24,300 So a. Now this is the change that takes place in the company as a result of these decision to change strategy. 265 00:33:25,020 --> 00:33:28,170 The English call called Merchants Disappear. 266 00:33:29,400 --> 00:33:36,930 What we mean is already the Irish partners, the head directors. 267 00:33:37,200 --> 00:33:40,710 The only addition is of a managing director instead of Germany. 268 00:33:40,800 --> 00:33:46,500 So maybe some was not a professional and they decided to hire a professional manager. 269 00:33:47,610 --> 00:33:53,160 Now, my question is how does this change in the board of the direction? 270 00:33:53,460 --> 00:34:00,420 I leave to reflect or not in the composition of the shareholders. 271 00:34:00,420 --> 00:34:14,370 It does. Now the company, after the recapitalisation at the end of 91, the number of shareholders has gone up to eight and with 11. 272 00:34:15,620 --> 00:34:18,740 And this is the new distribution of the shareholders. 273 00:34:19,310 --> 00:34:22,070 They are all Irish. Most of them. 274 00:34:22,490 --> 00:34:29,660 I divide the little corners to these dark green eyes those who live in Dublin and the rest is living in other parts of Ireland. 275 00:34:30,020 --> 00:34:37,220 Same for the Reds. The landowner is the orange and the really small small thing. 276 00:34:37,580 --> 00:34:48,800 So what it shows is that the response to the change in terms of the trajectory on taking even more risks of accepting really annoying. 277 00:34:50,800 --> 00:34:54,880 Probably seen kind of a challenge where Irish people. 278 00:34:56,710 --> 00:35:05,850 Now, if you want to see the more in detail, the number of shares, you can see that the Marconi shares went down. 279 00:35:05,900 --> 00:35:12,340 That's compared to the number of the shares that we have sold to other people, purchased by other people. 280 00:35:12,790 --> 00:35:21,550 But the number of the Irish shareholders is even greater than the number of the geographical distribution. 281 00:35:26,330 --> 00:35:35,240 What is also important among the I and share resources where I've been able to identify where are family groups and they are very important. 282 00:35:35,780 --> 00:35:45,010 Because among them, the good bodies, the Bannatyne Fergusson was the manager of the Bannatyne model, 283 00:35:45,020 --> 00:35:48,240 which was now controlled by the good bodies monies. 284 00:35:48,800 --> 00:35:53,710 The only people who are not called emergency on the bikes and they were shepherd builders. 285 00:35:53,720 --> 00:35:56,260 But this is related to people, merchants. 286 00:35:57,110 --> 00:36:08,780 So this they were really very important not only as individuals, but as groups, as families, very sort of diffuse families. 287 00:36:10,960 --> 00:36:16,750 And here is another interesting I don't know. I'm not an expert in these kind of things. 288 00:36:17,140 --> 00:36:24,460 I try to think of ways in which this kind of data can be visualised. 289 00:36:24,730 --> 00:36:35,770 But I find that interesting because it shows well, at the top you see those who have the shares from 800 onwards from Richard Body on 290 00:36:36,440 --> 00:36:43,120 the others are all mainly Irish shareholders who decided to invest little money. 291 00:36:43,360 --> 00:36:46,860 There were people who were investing £10. 292 00:36:47,710 --> 00:36:53,820 Lots of them were investing and the funds. But really it's not big money and it is not big money. 293 00:36:55,360 --> 00:37:09,340 Because here are some of the. Big groups have managed to identify among the shadow nut no longer a prominent position of the coal merchants. 294 00:37:09,370 --> 00:37:12,850 They are also other groups that emerged as important stockbrokers. 295 00:37:14,140 --> 00:37:17,830 Solicitors, barristers. Backlogs. 296 00:37:19,060 --> 00:37:26,950 Clergy, many of them women, lot with widowers, shopkeepers, 297 00:37:27,310 --> 00:37:37,900 really small investors who clearly we are not scared by the idea of a technology that was not going to make it. 298 00:37:41,790 --> 00:37:45,599 Now. How easy? This is the big question for me. 299 00:37:45,600 --> 00:37:48,950 Why the Irish people? Marconi was demonstrated. 300 00:37:49,060 --> 00:37:52,380 This exhibition in London is where people crowded. 301 00:37:52,650 --> 00:37:56,700 Every time he gave lectures in London and cheered. 302 00:37:57,030 --> 00:38:03,479 And when I enthusiastic about the invasion. But they did not put the money in the market. 303 00:38:03,480 --> 00:38:08,500 Indeed organise exhibitions, demonstrations also in Ireland they did. 304 00:38:08,760 --> 00:38:14,550 I mean the king sold. We got the for example was a big, big exhibition. 305 00:38:14,560 --> 00:38:18,230 I had a very successful one. People were they to see it. 306 00:38:18,240 --> 00:38:26,220 They were lining up on the on the on the sure not to see the only the the Yorks competing, but also to see that they were communicating. 307 00:38:27,660 --> 00:38:34,460 A very important demonstration was given for for Lloyds again in Northern Ireland. 308 00:38:34,980 --> 00:38:39,210 Again, very successful, very publicised. Sorry. 309 00:38:40,750 --> 00:38:51,270 So computing, I am still thinking about it because to me they are still about those questions that remain open, 310 00:38:51,280 --> 00:38:56,020 why they are, how they need to be, this message get through. 311 00:38:57,940 --> 00:39:09,220 My impression is that it was very much sort of driven the trust in the invention by these big family groups. 312 00:39:09,520 --> 00:39:12,130 They were very prominent in Irish life. 313 00:39:12,250 --> 00:39:19,180 People knew about them and people thought that if they believed in the invasion, there must have been something good. 314 00:39:19,420 --> 00:39:23,110 So there must have been a way of communicating. 315 00:39:23,230 --> 00:39:31,900 I can see by the addresses almost across the street you can see the line of thrusts that are emanating from these families. 316 00:39:32,350 --> 00:39:38,469 Certainly important was the role of the stock brokers, the Irish stock brokers of which, 317 00:39:38,470 --> 00:39:46,120 as they are shown there were meaning they were probably they were themselves shareholders. 318 00:39:47,090 --> 00:39:52,190 I imagine they were very important for convincing people to put some money. 319 00:39:54,110 --> 00:40:00,850 But I still have to find the way in which this mechanism works. 320 00:40:00,860 --> 00:40:08,540 I This is the part of work that remains to be done and for which I suppose I have to go to Dublin sooner or later. 321 00:40:09,500 --> 00:40:22,940 So I am not able to give you a definite answer for this extraordinary the pre-eminence of Irish people as members of the shadow community. 322 00:40:24,290 --> 00:40:25,430 And to finish. 323 00:40:26,090 --> 00:40:38,090 The other big question remains what happens when after 1992, one after the first transatlantic transmission, Marconi's company takes another big jolt, 324 00:40:38,930 --> 00:40:48,620 especially in the Marine section of the company, the one I was dealing with, the service providing service for commercial agencies. 325 00:40:50,030 --> 00:41:01,340 At that point, what I know is another kind of financial support will be seen and that they are big banks, not English. 326 00:41:02,970 --> 00:41:09,390 Belgian. And that is where the seven things I don't understand. 327 00:41:09,400 --> 00:41:14,310 They were coal merchants, diamonds. 328 00:41:15,370 --> 00:41:19,380 And this major connection. I still have to find out exactly what it means. 329 00:41:19,390 --> 00:41:24,570 But the money that comes in order to support the extraordinary new development. 330 00:41:24,570 --> 00:41:28,570 Because that just. Just a. 331 00:41:29,750 --> 00:41:39,790 Communication was done using batteries. Normal traditional batteries up to 1890, 98. 332 00:41:39,800 --> 00:41:41,330 Still they were using batteries. 333 00:41:41,840 --> 00:41:55,100 So then all with steam engines dynamos no more of the poles that were used for the first transmissions, all pipes, but huge systems of antennas. 334 00:41:55,100 --> 00:41:58,670 They were towers, huge towers themselves. 335 00:41:59,030 --> 00:42:02,990 We have technological, big technological innovations. 336 00:42:03,230 --> 00:42:06,950 So it's a completely new level of enterprise. 337 00:42:07,280 --> 00:42:11,960 And so that level of enterprise is a save. Money comes from somewhere else. 338 00:42:12,560 --> 00:42:19,549 We have the did the initiative show this remain? 339 00:42:19,550 --> 00:42:23,930 I don't know. That's the next stage of my research. But for the time being, we stop here. 340 00:42:24,200 --> 00:42:24,560 Thank you.