Life insurance -- Fiction; Life insurance agents -- Fiction; Short stories
The machine had not been patented, for reasons that most successful
inventors will readily understand. While a patent is supposed to protect
the inventor, it does not do so in many instances; on the contrary, it
frequently gives a rival just the information he needs to duplicate the
device with technical variations that will at least make the question of
infringement a difficult one to decide. The inventor of limited means,
opposed by a company with almost unlimited capital, is at a serious
disadvantage when he gets into the courts, and there are cases where the
value of an invention has been largely destroyed by having the market
flooded with the article before the legal rights can be definitely
determined. There is hardly a single patented device of great value that
has not been the basis of long and costly litigation, involving either
the unauthorized use or manufacture of the device as it is or the use or
manufacture of a device suggested by the original and differing from it
only enough to give technical plausibility to the plea that it is not an
infringement. Even the great Edison is reported to have said that he has
made practically no money on his patents, but has had to enter the
manufacturing business to get any material benefit from his inventions.
“When you patent an invention,” the Kalins had been informed by a man of
experience in such matters, “you are furnishing ammunition to the enemy.
You are giving him your secret, and he will put some smart men at work
to discover some method of using it himself. Edison is still busy with
inventions, but you don’t see his name in the patent reports any more.
He has become too wise for that. Secrecy is the best protection,
provided you have something that can be kept secret.”
All this Jonas Kalin reviewed as he walked slowly and with bowed head
toward his club. They had kept their invention secret, they had
advertised extensively, and now, just as they were beginning to get
returns on their investment, the dream was shattered. They had tried to
interest various capitalists, but capitalists could not see the future
as they saw it. Capital is exceptionally conservative when there is a
question of investing in inventions that it does not understand, for
inventors are proverbially optimistic and not infrequently cost capital
a good deal of money.
“Thirty thousand dollars of life insurance!” muttered Jonas, as he
settled himself in a corner of the reading-room. “If we could have the
use of that money for a year we would be all right.”
Public-domain text, read in full here on John Shaqi.
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