"First.--The existence of a discovery or invention which from evidences of its adaptability (when complete) to the industrial arts and sciences, may be esteemed the most valuable discovery of civilization in modern or in ancient times, inasmuch as it revolutionizes all known methods of generating power. "Second.--The retention by the discoverer and inventor of all the secrets whereby these discoveries can be utilized by the public, thus making their future existence, so far as the Keely Motor Company is concerned, depend entirely upon his life and goodwill. "Third.--The existence of a corporated company, organized for the purpose of furnishing funds for the development and completion of the discovery, and for the final control of certain specified inventions, in certain specified localities. "Fourth.--The contracts under which the above-mentioned control of certain inventions is vested in the Keely Motor Company, being mere evidences of intention, have no real value until the inventor has received his patents and verified the contracts by transfer of the same to the company. "Fifth.--If any conflict should arise between the company and the inventor, in which the latter felt justified in withholding the transfer, the existing contracts might be a good foundation to build litigation upon but not good for investment in. "Sixth.--The uncertainty of the future of the enterprise, as thus indicated, must of necessity invite speculative management; and while speculation under some circumstances is legitimate and laudable, under other conditions it may become illegitimate and reprehensible. "Seventh.-- The existence of a speculative management in Keely Motor affairs has, of necessity, developed two interests--one which holds that the completion of the discovery in all its possible grandeur should ever be the sole object of its management, and the other, believing that on account of the human uncertainty of the completion of the invention, they are in duty bound to make quick recoveries on their investments, so that they may be safe financially, in the event of a failure by Keely to perfect his inventions."