After the invention of the #Telegraph by #CharlesWheatstone & #WilliamFothergillCooke the #ElectricTelegraphCompany was not immediately profitable, despite a patent & a monopoly of electrical telegraphy. The Railways had adopted a simpler, cheaper system by the American #SamuelMorse, so Wheatstone invented the #PaperTapeReader to automatically transmit #MorseCode at high speed.
In Source: Science Museum
