In fixing the price that he should ask for this new model, the
manufacturer was guided, naturally, by the outlay that had been
necessary in perfecting it. It would have been unreasonable, under such
circumstances, for the purchaser to expect to buy the machine at a
figure which represented a small profit for its builder, over and above
the actual cost of production of that one model. Having spent thousands
of pounds upon his experiments, the manufacturer was obliged to recoup
himself, by charging a high price for his goods.
Another factor would also govern price in such circumstances as these.
The manufacturer would have no guarantee as to selling any fixed number
of machines. In the case of a new motor-car, for instance, the machine
is standardised; and, if it is a good one, a large number are sold.
This, naturally, reduces the price per machine.
But, in the case of this new monoplane, even if it is the best produced
at the moment, the question of the number to be sold is an
unsatisfactorily vague quantity. After only two or three have been
disposed of, for instance, another machine may be put upon the market
which is a few miles an hour faster; whereupon, the aviators who are
intent upon winning speed prizes quickly devote their attention to the
new machine.
As may be imagined, therefore, what with enormously-heavy first costs,
and a doubtful sale even when a good machine is produced, the
manufacturer of aeroplanes has no alternative but to charge a high price
for the machines he does succeed in disposing of.
Let us consider, for a moment, the experience of such a famous
manufacturer as M. Louis Blériot. It was in 1906 that he began
experimenting with monoplanes, entirety at his own expense; and he was
spending money lavishly on new machines, and devoting a vast amount of
time to the problem, until the summer of 1909. Apart from the money he
spent, and the aircraft he broke up, he risked his life, on many
occasions, in attempting to fly on machines which were entirely
experimental.
It was estimated, indeed, that—before this famous airman and constructer
flew the Channel, in July, 1909—he had expended a fortune upon aerial
research work. It was perfectly legitimate, therefore, that he should
endeavour to recoup himself, for all his time and expense, when a sale
did spring up for his machines.
It has not been a case, since then, of producing machines of a standard
type. Directly he had perfected the simple, low-powered monoplane upon
which he crossed from France to England, M. Blériot began experimenting
with a more powerful machine; and so he has been engaged ever since.
Public-domain text, read in full here on John Shaqi.
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