This failure led Edison to explore possibilities in the field of the telegraph. He moved to New York City in 1869 and created an electrical firm with two colleagues, Franklin Pope and James Ashley. He also received his first invention contracts from a major firm, the Gold and Stock Telegraphing Company, in the spring of 1870. He was assigned to develop a telegraph to compete with the Morse system and a facsimile printer of a successful stock ticker.The new assignments brought a measure of financial freedom, and Edison organized two new companies with business partners: the Newark Telegraph Works and the American Telegraph Works, both in 1870. Newark Telegraph Works lasted until 1872, when Edison's partner moved to New York City. American Telegraph Works was bought by Gold and Stock in 1871; relations had deteriorated between Edison and his business partners by this time.
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