The boys' life of EdisonMeadowcroft, Wm. H. (William Henry)
General
The boys' life of Edison
Meadowcroft, Wm. H. (William Henry)
Edison, Thomas A. (Thomas Alva), 1847-1931 -- Juvenile literature
Having learned of the success of Edison's automatic system, mentioned
in the early part of this chapter, Mr. Gould's next move was to get
control of that. It was owned by Mr. Edison and his associates of
the Automatic Telegraph Company, and that company was bought by Mr.
Gould under an agreement to pay four million dollars in stock. As to
this, Mr. Edison says: "After this, Gould wanted me to help install
the automatic system in the Atlantic and Pacific Company, of which
General Eckert had been elected president, the company having bought
the Automatic Telegraph Company. I did a lot of work for this company
making automatic apparatus in my shop at Newark."
Unfortunately for the inventor and his associates, the terms of the
contract have never been carried out. Mr. Edison remarks in regard to
this: "He" (Gould) "took no pride in building up an enterprise. He
was after money, and money only. Whether the company was a success
or a failure mattered not to him. After he had hammered the Western
Union through his opposition company and had tired out Mr. Vanderbilt,
the latter retired from control, and Gould went in and consolidated
his company and controlled the Western Union. He then repudiated the
contract with the Automatic Telegraph people, and they never received
a cent for their wires or patents, and I lost three years of very hard
labor. But I never had any grudge against him, because he was so able
in his line, and as long as my part was successful the money with me
was a secondary consideration. When Gould got the Western Union I knew
no further progress in telegraphy was possible, and I went into other
lines."
One of the most remarkable suits in the history of American
jurisprudence arose out of this transaction. Mr. Edison and his
associates sued Mr. Gould in 1876 for the recovery of the contract
price of these inventions, and, at this writing, thirty-five years
later, the suit has not been finally decided. It is now on appeal to
the United States Supreme Court.
A busier shop than that of the young inventor during the years 1870 to
1874 would be difficult to find. Not only was he and it engaged on the
tremendous problems of the automatic and quadruplex systems, but the
shop was also busy making stock tickers. The hours were endless; and on
one occasion when an order was on hand for a large quantity of these
instruments Edison locked the men in until the job had been finished of
making the machine perfect, and "all the bugs taken out," which meant
sixty hours of hard work before the difficulties were overcome.
Public-domain text, read in full here on John Shaqi.
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