Western Union

Western Union Telegraph CompanyAmerican Telegraph CompanyWestern Union TelegraphWestern Union CompanyWestern Union Telegraph Co.Western Union International BankThe Western Union CompanyWestern Union CoCandygramEastern Onion
The Western Union Company is an American worldwide financial services and communications company.wikipedia
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Denver

Denver, ColoradoDenver, COCity and County of Denver
Its headquarters is in Denver, Colorado.
In 1863, Western Union furthered Denver's dominance of the region by choosing the city for its regional terminus.

Rochester, New York

RochesterRochester, NYCity of Rochester
In 1851, the New York and Mississippi Valley Printing Telegraph Company was organized in Rochester, New York by Samuel L. Selden, Hiram Sibley, and others, with the goal of creating one great telegraph system with unified and efficient operations.
The area is the birthplace of Kodak, Western Union, French's, Bausch & Lomb, Gleason and Xerox, which conduct extensive research and manufacturing of industrial and consumer products.

Ezra Cornell

Ezra
Meanwhile, Ezra Cornell had bought back one of his bankrupt companies and renamed it the New York & Western Union Telegraph Company.
He was the founder of Western Union, founder of Ithaca's first library, and a co-founder of Cornell University.

Russian–American Telegraph

Western Union Telegraph ExpeditionCollins Overland TelegraphRussian American Telegraph
In 1865 it formed the Russian–American Telegraph in an attempt to link America to Europe, via Alaska, into Siberia, to Moscow (This project was abandoned in 1867).
The Russian–American Telegraph, also known as the Western Union Telegraph Expedition and the Collins Overland Telegraph, was a $3,000,000 (equivalent to $ in present-day terms) undertaking by the Western Union Telegraph Company in 1865–1867, to lay an electric telegraph line from San Francisco, California to Moscow, Russia.

Jeptha Wade

Jeptha H. WadeJ. H. Wade IIJ.H. Wade
Under the leadership of presidents Jeptha Wade and William Orton its capitalization rose from $385,700 in 1858 to $41 million in 1876.
Jeptha Homer Wade (August 11, 1811 – August 9, 1890) was an American industrialist, philanthropist, and one of the founding members of Western Union Telegraph.

William Orton (businessman)

William Orton
Under the leadership of presidents Jeptha Wade and William Orton its capitalization rose from $385,700 in 1858 to $41 million in 1876.
William Orton (June 14, 1826 – April 22, 1878) was an American businessman who served as president of the Western Union Telegraph Company.

Charge card

cardcharge cardscharge accounts
In 1914, Western Union offered the first charge card for consumers; in 1923 it introduced teletypewriters to join its branches.
In 1914, Western Union opened the first charge account for its customers and provided them with a paper identification.

Ticker tape

stock tickerstock quotestock ticker machine
It introduced the first stock ticker in 1866, and a standardized time service in 1870.
Ticker tape stock price telegraphs were invented in 1867 by Edward A. Calahan, an employee of the American Telegraph Company.

Singing telegram

kissogramsinging telegramschristmas-gram
Singing telegrams followed in 1933, intercity fax in 1935, and commercial intercity microwave communications in 1943.
Western Union, the American telegraph company began offering singing telegram services in 1933.

Elisha Gray and Alexander Bell telephone controversy

The Telephone GambitElisha Gray and Alexander Bell controversyfiled patents
In 1879, Western Union left the telephone business, settling a patent lawsuit with Bell Telephone Company.
His Western Electric company was a major supplier to the telegraph company Western Union.

Value transfer system

money transfer
The next year, 1871, the company introduced its money transfer service, based on its extensive telegraph network.

Hiram Sibley

Hiram Watson SibleySibley
In 1851, the New York and Mississippi Valley Printing Telegraph Company was organized in Rochester, New York by Samuel L. Selden, Hiram Sibley, and others, with the goal of creating one great telegraph system with unified and efficient operations.
Sibley later served as first president of Western Union Telegraph Company.

Money order

money ordersPostal Money Ordermoney-order
Western Union has several divisions, with products such as person-to-person money transfer, money orders, business payments, and commercial services.
Companies that now offer money orders include 7-11, QuikTrip, Cumberland Farms, Safeway, Western Union, MoneyGram, CVS, Wal-Mart, and 3T Solutions.

Fax

fax machinefacsimilefax machines
Singing telegrams followed in 1933, intercity fax in 1935, and commercial intercity microwave communications in 1943.
By the late 1940s, radiofax receivers were sufficiently miniaturized to be fitted beneath the dashboard of Western Union's "Telecar" telegram delivery vehicles.

First transcontinental telegraph

Transcontinental Telegraphcompletion of the telegraph lineseastward-bound telegraph-constructors
In 1861 it opened the first transcontinental telegraph.
Construction of the first transcontinental telegraph was the work of Western Union, which Hiram Sibley and Ezra Cornell had established in 1856 by merging companies operating east of the Mississippi River.

Westar

Westar 6Westar 3Westar 4
The fleet of satellites, called Westar, carried communications within the Western Union company for telegram and mailgram message data to Western Union bureaus nationwide.
Westar was a fleet of geosynchronous communications satellites operating in the C band which were launched by Western Union from 1974 to 1984.

Telegraphy

telegraphtelegramcable
In 1851, the New York and Mississippi Valley Printing Telegraph Company was organized in Rochester, New York by Samuel L. Selden, Hiram Sibley, and others, with the goal of creating one great telegraph system with unified and efficient operations. Up until it discontinued the service in 2006, Western Union was globally the best-known American company in the business of exchanging telegrams. Western Union, as an industrialized monopoly, dominated the American telegraph industry in the late 19th century.
The system was adopted by Western Union.

Teleprinter

teletypeteletypewritertelex
In 1914, Western Union offered the first charge card for consumers; in 1923 it introduced teletypewriters to join its branches.
In less than two years, a number of small telegraph companies, including Western Union in early stages of development, united to form one large corporation – Western Union Telegraph Co. – to carry on the business of telegraphy on the Hughes system.

Monopoly

monopoliesmonopolisticmonopolist
Western Union, as an industrialized monopoly, dominated the American telegraph industry in the late 19th century.
Western Union was criticized as a "price gouging" monopoly in the late 19th century.

Postal Telegraph Company

Postal TelegraphPostal Telegraph Cable CompanyPostal Telegraph & Cable
Its monopoly power was almost complete in 1943 when it bought Postal Telegraph, Inc., its chief rival.
Postal Telegraph Company (Postal Telegraph & Cable Corporation) was a major operator of telegraph networks in the United States prior to its consolidation with Western Union in 1943.

Jay Gould

GouldGouldsGould, Jay
However it was top-heavy with stock issues, and faced growing competition from several firms, especially the Atlantic and Pacific Telegraph Company—itself taken over by financier Jay Gould in 1875.
He obtained a controlling interest in the Western Union telegraph company and in the elevated railways in New York City after 1881.

Telephone

phonetelephonesLocal Telephone Service
In 1879, Western Union left the telephone business, settling a patent lawsuit with Bell Telephone Company.
Western Union, already using telegraph exchanges, quickly extended the principle to its telephones in New York City and San Francisco, and Bell was not slow in appreciating the potential.

Bennett S. LeBow

Bennett LeBow
In 1987, Investor Bennett S. LeBow acquired control of Western Union through an outside of chapter 11 process that was a complex leveraged recapitalization.
In 1980 he founded the investment holding company Brooke Group Ltd. LeBow went on to purchase many companies including: Western Union, Information Displays, MAI Basic Four, Liggett Group, Brigham's Ice Cream, and the trading card company, SkyBox International (which he sold to Marvel).

Mailgram

The fleet of satellites, called Westar, carried communications within the Western Union company for telegram and mailgram message data to Western Union bureaus nationwide.
Western Union invented the mailgram in 1970.

MCI Communications

MCIMCI Telecommunications1-800-COLLECT
Xerox would later sell WUI in 1981 for $185 million in cash to MCI Communications which renamed it to MCI International and moved its headquarters from New York City to Rye Brook, New York.
In the 1970s, Western Union organized its cable systems properties and the right-of-way rights of its telegraph lines into a subsidiary called Western Union International, which was subsequently sold to Xerox for their planned intra-city office network aspirations.