The Electrical Review (London), March 24, 1893, pages 340-341:


ON the 16th of this month there passed away a man who though not an electrical specialist and not known in electro-technical literature, has played an important part as regards the practical utilisation of electro-technical improvements. We refer to Theodore Puskas, the founder of the Buda-Pesth, Telephone Herald. Concerning the death of this man, the Buda-Pesth papers write to this effect:
    "The contractor for the Buda-Pesth telephone net and originator and proprietor of the Telephone Herald, died this day at 9 a.m. at his residence in the Hotel Hungaria, at the age of 48. Puskas had suffered for about ten days from rheumatism of the heart, but the catastrophe was quite unexpected. Yesterday he was quite cheerful and went to bed at 9 p.m., and slept until this morning. He slept so soundly that his wife would not wake him for his breakfast, which he generally took about 8 a.m. When she returned to the chamber, half-an-hour later, she found her husband a corpse. He had departed without pain or struggle."
    Puskas belonged to an eminent Transylvanian family. Scarcely had he completed his education at the Theresianum when his father died of grief, in consequence of the failure of several undertakings.
    Theodore Puskas went out into the wide world with the purpose of improving the material position of his family. In London he obtained an appointment with Waring Brothers, who, in the seventies, were constructing the Hungarian North East Railway, and entrusted Puskas with its management. After finishing the construction he acquired a silver-mine in Colorado. The undertaking was successful. During Puskas's residence in America, the celebrated Keeley formed his company for developing a new source of power, and Puskas, among others, took a great number of shares. In order to set the seal on this fraud, Keeley got up an experiment before the shareholders and the representatives of the Press. Puskas was now convinced that the whole affair was a fraud, and proclaimed it as such in the papers. The inventor and his confederates offered him three millions (dollars, doubtless), if he would be silent. But his love of truth did not allow him to be a party to this swindle, and regardless of his own interests he unmasked the imposture in the New York Herald.
    In New York he became acquainted with Edison, whose representative he became at the Paris Exhibition. He was also chosen chairman of the Paris Telephone Company.
    The conduct of the Buda-Pesth telephonic undertaking he handed over to his brother, Franz Puskas, who held it only six years on account of his early death.
    Theodore Puskas then left Paris and removed to Buda-Pesth, where he undertook the management of the telephones. Subsequently he mortgaged the telephone net for 600,000 florins, in return for which he handed it over to the State, but leased it for 5 per cent. of the net returns. This bargain was afterwards undertaken by a joint-stock company, though all the shares remained in the possession of the Puskas family.
    The management of the Telephone Herald has been undertaken by his brother Albert.