Seeing the possibility of using their typebar page printer for direct-line service, the Kleinschmidt company built a motor-driven send-receive unit having a single contact transmitter which operated under control of a code-perforated tape to transmit seven signals in succession: one start, five code, and a stop signal. The receiving unit had a seven-segment commutator, one segment for start, five for code, and one for stop, and a rotating brush to pick up and transmit the received code signals to the printing unit. This apparatus was installed at the United Press for news distribution to their connected newspapers. Another set was installed at the Louisville and Nashville Railroad for station communications, and still another in New York City at the Equitable Life Assurance Society between their downtown and uptown offices. In connection with the latter installation, the Equitable people asked permission to install the printing apparatus on the telephone line and there was objection from the telephone company. However, after some consideration they finally agreed that the apparatus could be installed but warning that should it create interference with the telephone line it would be removed immediately. As it turned out, the printer operation over this telephone circuit did not create any interference and the apparatus remained in service a long time (figure 3 ). [Illustration: Fig. 3 Kleinschmidt Electric Company Teletypewriter Apparatus for Direct-Line Service] The Kleinschmidt Electric Company now began to have financial difficulties. Edward Kleinschmidt was borrowing wherever he could. There was no large quantity production and evidently his charges for the apparatus delivered were too low. At any rate, early in 1917, Mr. Seely suggested that he get financial help to carry on and it was here that the following gentlemen entered the picture: Charles B. Goodspeed of the Buckeye Steel Casting Company; Paul M. Benedict, assistant to the president of the C. B. & Q.; Edward Moore, son of Judge Moore of the American Can Company; Eldon Bisbee, a New York lawyer; and one of Mr. Bisbee’s clients, Albert Henry Wiggen, who was then president of the Chase National Bank. With their financial backing, the company was able to continue with further developmental work on simplified and more efficient apparatus. Orders for various types of equipment for the Western Union Multiplex and for the Morse code keyboard perforator came along, but developmental costs were high and still more capital investment was required; Kleinschmidt would then borrow from the Chase Bank. Every so often at the Kleinschmidt company’s directors’ meetings, Mr. Holly, cashier of the bank and also a director of the company, would state that the Kleinschmidt loan “stood out like a lighthouse,” so a vote for an additional stock issue was carried and the loan paid.