Inventors -- United States -- Biography; Pupin, Michael, 1858-1935
But I must not depart too far from the main thread of my story. When
it became known that the American Telephone and Telegraph Company had
acquired the rights to my _high inductance wave conductors_, all kinds
of legends were told about the invention and the fabulous price paid
for it. Newspapers love legends, because the public loves them. The
public is a child which loves to listen to fairy-tales. The only good
that this publicity did was to help me sell my inventions relating to
electrical tuning and rectification in wireless telegraphy. These lay
idle for quite a number of years, and waited for further developments
in the wireless art before they could be employed to advantage.
Electrical tuning and electrical rectification are fundamental
operations in the radio art to-day, but the wireless telegraphy of the
early days is a distant and poor relation of our present radio art. The
world had to wait quite some time for new discoveries which gave birth
to the epoch-making inventions of new men, like Lee De Forest and Major
E. H. Armstrong. It had to wait also for the great industrial research
laboratories before electrical tuning and rectification could come
into their own. In the early days of wireless telegraphy I suggested
several novel developments which might give a fair chance to tuning and
rectification, but I attracted scarcely any attention. The legends just
mentioned made people a little more attentive.
One morning a man stepped suddenly into my office at Columbia, and
introduced himself as Mr. Green, organizer and promoter of the Marconi
Company of America. He was full of action and looked like business.
“Are your wireless inventions for sale?” asked Mr. Green, without much
preliminary talk. “They are,” I answered, and I felt that my heart
was quivering on account of the unexpected blow which this laconic
question had given it. “How much?” asked Mr. Green. I gave him the
first figure that came into my head, and he, not a bit daunted, asked
whether I would take one-half in cash and one-half in stock. I asked
him twenty-four hours to decide. “All right,” said he, and promised to
call again the next day at the same hour. I should have been perfectly
satisfied to accept the cash offer and close the deal even without
the stock, but I was afraid that any over-anxiety on my part might
scare him away. The next day he called and the deal was closed, he
making a certain cash payment immediately and I agreeing to furnish
certain documents before the final payment was made. I was fairly well
acquainted with trading transactions in my native land; my father often
took me to market-places where he bought and sold cattle and horses.
I remember well the never-ending bartering which very often ended in
a fizzle. The nearer you get to Constantinople the worse becomes the
custom of this Oriental method of trading. Mr. Green had none of that
Orientalism, and his utter indifference to the figures involved in the
deal astonished me.
Public-domain text, read in full here on John Shaqi.
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