Captains of Industry; or, Men of Business Who Did Something Besides Making MoneyParton, James
History
Captains of Industry; or, Men of Business Who Did Something Besides Making Money
Parton, James
Industrial arts -- Biography
When his invention was complete he thought with dismay and alarm that,
as almost all the expensive stamps affixed to documents in England are
raised from the paper, any of them could be forged by an office-boy of
average intelligence. The English government has long obtained an
important part of its revenue by the sale of these stamps, many of which
are high priced, costing as much as twenty-five dollars. If the stamp on
a will, a deed, or other document is not genuine, the document has no
validity. As soon as he found what mischief had been done, he set to
work to devise a remedy. After several months' experiment and reflection
he invented a stamp which could neither be forged nor removed from the
document and used a second time. A large business, it seems, had been
done in removing stamps from old parchments of no further use, and
selling them to be used again.
The inventor called at the stamp office and had an interview with the
chief, who frankly owned that the government was losing half a million
dollars a year by the use of old stamps; and he was then considering
methods of avoiding the loss. Bessemer exhibited his invention, the
chief feature of which was the perforation of the stamp in such a way
that forgery and removal were equally impossible. The commissioner
finally agreed to adopt it. The next question was as to the compensation
of the young inventor, and he was given his choice either to accept a
sum of money or an office for life in the stamp office of four thousand
dollars a year. As he was engaged to be married, he chose the office,
and went home rejoicing, feeling that he was a made man. Nor did he long
delay to communicate the joyful news to the young lady. To her also he
explained his invention, dwelling upon the fact that a five-pound stamp
a hundred years old could be taken off a document and used a second
time.
"Yes," said she, "I understand that; but, surely, if all stamps had a
DATE put upon them they could not at a future time be used again without
detection."
The inventor was startled. He had never thought of an expedient so
simple and so obvious. A lover could not but be pleased at such
ingenuity in his affianced bride; but it spoiled his invention! His
perforated stamp did not allow of the insertion of more than one date.
He succeeded in obviating this difficulty, but deemed it only fair to
communicate the new idea to the chief of the stamp office. The result
was that the government simply adopted the plan of putting a date upon
all the stamps afterwards issued, and discarded Bessemer's fine scheme
of perforation, which would have involved an expensive and troublesome
change of machinery and methods. But the worst of it was that the
inventor lost his office, since his services were not needed. Nor did he
ever receive compensation for the service rendered.
Public-domain text, read in full here on John Shaqi.
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