In the hands of a company of speculators, who should monopolize it for themselves, it might be the means of enriching the corporation at the expense of the bankruptcy of thousands; and even in the hands of Government alone it might become the means of working vast mischief to the Republic.
"In considering these prospective evils, I would respectfully suggest a remedy which offers itself to my mind.

Let the sole right of using the Telegraph belong, in the first place, to the Government, who should grant, for a specified sum or bonus, to any individual or company of individuals who may apply for it, and under such restrictions and regulations as the Government may think proper, the right to lay down a communication between any two points for the purpose of transmitting intelligence, and thus would be promoted a general competition.

The Government would have a Telegraph of its own, and have its modes of communicating with its own officers and agents, independent of private permission or interference with and interruption to the ordinary transmissions on the private telegraphs.

Thus there would be a system of checks and preventives of abuse operating to restrain the action of this otherwise dangerous power within those bounds which will permit only the good and neutralize the evil.

Should the Government thus take the Telegraph solely under its own control, the revenue derived from the bonuses alone, it must be plain, will be of vast amount.
"From the enterprising character of our countrymen, shown in the manner in which they carry forward any new project which promises private or public advantage, it is not visionary to suppose that it would not be long ere the whole surface of this country would be channelled for those _nerves_ which are to diffuse, with the speed of thought, a knowledge of all that is occurring throughout the land, making, in fact, one neighborhood of the whole country.
"If the Government is disposed to test this mode of telegraphic communication by enabling me to give it a fair trial for one hundred miles, I will engage to enter into no arrangement to dispose of my rights, as the inventor and patentee for the United States, to any individual or company of individuals, previous to offering it to the Government for such a just and reasonable compensation as shall be mutually agreed upon." We have seen that Morse was said to be a hundred years ahead of his time as an artist.