In March 1912 the Postmaster-General accepted the Marconi Company's tender to build the first six stations of a wireless chain to link up the British Empire. The negotiations had been conducted for the Marconi Company by the Managing Director, Godfrey Isaacs, brother of Sir Rufus Isaacs, the Attorney-General. Immediately it became clear that opposition to the contract would be unexpectedly strong. There was evidence of a gamble in Marconi shares. Rumours began to spread charging Ministers, among them Lloyd George, with corruption in placing the contract and using their position to speculate in Marconi shares. Although it has been discussed in many biographies of the period, this is the first objective and full-length account of a dramatic and little-known event in English History.

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