Aeronautics -- United States -- Biography; Wright, Orville, 1871-1948; Wright, Wilbur, 1867-1912
To the Wrights’ surprise he told them, in reply to a question, that
he had no connection with the French War Ministry. He had come, he
said, on behalf of a syndicate of wealthy men who wished to buy a
flying-machine and to present it to the French Government for the
national defense. He said he was secretary to M. Letellier, member
of the syndicate and owner and editor of the Paris newspaper, _Le
Journal_. He went on to explain that Letellier and his associates in
the syndicate were presenting the plane to the Government with the hope
they might receive decorations of the Legion of Honor. His story seemed
to the Wrights a bit fishy. They thought it more probable that he was
really representing the French War Ministry, but that the War Ministry
did not wish to appear directly in negotiations for a flying-machine.
The Wrights went ahead, though, to give him the information he sought.
First of all, he wished to make sure that they really had a machine
that would fly. They arranged for him to meet a number of trustworthy
persons who had witnessed flights, among them bankers, other prominent
businessmen, and county officials.
Fordyce was soon convinced that the machine would do all that had been
claimed for it, and he wanted a contract to take back with him to his
principals. Though Ferber’s cable had stated that Fordyce was coming
with “full powers” he did not have a power-of-attorney to represent
his principals. Still believing that Fordyce’s true mission was in
the interest of the French War Ministry, the Wrights had no objection
to entering into a contract with him granting an option for a short
period. They made it clear, however, that they reserved the right to
deal with their own Government at any time, even though the United
States War Department had not seemed appreciative of their former
offers of exclusive rights to the aeroplane. They also made it clear
that Letellier and his associates in the “syndicate” would have no
rights whatever in the machine except the right to pay for it. The
machine would be delivered only to the French Government.
The Fordyce option was for the purchase of one flying-machine at a
price of 1,000,000 francs, or $200,000, the price the Wrights already
had set in a letter to Captain Ferber. The option was to become void
if the holder failed by February 5, 1906, to deposit in escrow with J.
P. Morgan & Co., New York, 25,000 francs ($5,000) to the joint credit
of the Wright brothers and Arnold Fordyce. It was provided that the
contract would become null and void if the holder failed to make a
further deposit in escrow with J. P. Morgan & Co. by April 5, 1906,
to bring the total to 1,000,000 francs. But if the holder failed to
deposit altogether 1,000,000 francs, as stipulated, then the first
deposit of 25,000 francs would belong to the Wright brothers. If on
the other hand the Wrights failed to carry out any part of their own
obligations under the contract they would receive nothing.
Public-domain text, read in full here on John Shaqi.
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