A Sharper's Downfall; Or, Into the NetCarter, Nicholas (House name)
General
A Sharper's Downfall; Or, Into the Net
Carter, Nicholas (House name)
American fiction; Detective and mystery stories; Dime novels
“Of course, no one likes to lose a value of $8,000, but I would have
been quite willing to have sustained that loss if that which I believe
was the sole purpose of the burglary had been left me. It was for that
that the desks and drawers were ransacked. That cost me, in actual
outlay, $25,000, and, in the loss of its possession, deprives me of what
I feel that I am justified in calling a large fortune.”
“What was that?” inquired Nick.
“The story is a long one to tell in all its details. But I will give it
to you as briefly as I can.
“Some five or six years ago an acquaintance of mine, whom I knew to be a
worthy man--an electrician of the name of Pemberton, who was a great
experimenter--came to me with the statement that he was satisfied that
he had discovered the practical principles of storing electricity and of
operating a motor with a minimum of leakage, by an invention of his own.
“He had not the money to continue the experiments necessary to bring it
to perfection.
“Becoming convinced of the value of the idea, I loaned him the money he
required, with the understanding that, if it was successfully
accomplished, upon the investment of a sufficient amount of purchase
money, I should become interested and have a part ownership in the
complete invention.
“From time to time I was forced to advance more money. But finally the
experiments ended in complete success. Drawings were made, with a view
to obtaining the patent rights, and even the papers which were to make
me a half owner in the invention were drawn.
“About the time that everything was in readiness, the model even being
completed, the electrician was taken suddenly ill and as suddenly died.
The drawings and models were all in the possession of his widow. As soon
as I could, properly, I made known to the widow what rights I had in the
invention. While neither denying nor admitting my rights, she consulted
a lawyer who had done business for her husband, who advised her not to
admit my rights, but to see if she could not dispose of the invention in
a more profitable way.
“However, by showing her that I had already advanced to her late husband
some fifteen thousand dollars and the papers of co-ownership, which were
drawn, but not signed, whereby I was to pay the expenses of obtaining
the patents, and subsequently to invest fifty thousand dollars in the
manufacture of the machine, I persuaded her to admit that I had actual
rights.
“To bind and confirm her in this position I paid her ten thousand
dollars, and thus got possession of the drawings and models.
“But she had already consulted some promoters, and the very day that she
concluded this arrangement with me and delivered the models and
drawings, on receiving my ten-thousand-dollar check, an offer, on its
face more advantageous to her, was made.
“An effort was made by her and her friends to get out of the bargain
entered into with me and a suit to recover the models from me was begun.
Public-domain text, read in full here on John Shaqi.
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