The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-05-27
Inventors Institute.

until Saturday next when purpose trying ny, boat
Inventors Institute.
It will be recollected that at the meeting held in this
city week ten days since composed of persons dis
posed to establish Inventors Institute for the
ragement and protection of the inventive talent of the
country. committee appointed by those assembled
to proceed to Perth Amboy, New Jersey and inquire
into and report the correctness of the statements
made by Dr. Solomon Andrews Of that place regarding
the Perth Amboy Manufacturing Company Of the stock
of which he holds principal part and also on the ex-
pedency of establishing Inventors Institute in any
of the places submitted to the meeting by Dr. Andrews
and in Of the places submitted not being DEEM
ed expedient that they should report another OF their
own
The committee having attended to their duty in this
respect and having announced their readiness to submit
their report. public meeting OF inventors mechanics,
and all others in inventions and the mechanic
arts called at Clinton Hall last evening for the pur
pose Of hearing the report and adopting such measures
rs to those assembled might appear expedient
At Soclock. r M, the meeting was called to order,
and Mir Sewall Short placed in the chair Mr. Bue and
MIR johnson were appointed secretaries
MIR. SAMUEL FLEET, the chairman of the committee,
hereupon read the report which without recommending
the third proposition of Dr. Andrews recommended
like t-viz to the effect that. the individual pro-
perty Of Dr. Andrews at Perth Amboy, without refe-
renee to the Perth Amboy Manufacturing Co., be the
basis Of the Inventors Institute that it continue in his
hands and ownership, and in lieu of his issuing scrip
stock in shares of $50 each that he give his individual
BILE twelve months after date, for all moneys advanced
establishing the Inventors Institute. with the under
standing that these obligations might at the option OF
the holders be converted into stock when due it had
provided that by that time satisfactory charter shall
have been procured from the Legislature The report
further recommended general and liberal
with Dr. Andrews in establishing the Inventors nsti.
tute iu the belief that the central operations Of the
Institute will eventually be In the city Of New York.
On motion the report received
Gu motion Of MIR Buell. Of the secretaries the
port OF the committee read again.
Dr ANDREWS moved that vote of thanks be rendered
to the COMMITTEES for their assduity in attending to the
matters committed to them.
MIR FLEET one Of the committee said that the
he and the other members Of the committee did not
fer to the Perth Amboy Manufacturing Company, was
not because the committee had not confidence in that
association but because they considered the individual
property Of Dr. Andrews fully adequate for the purpose
proposed. He thought it advisable that DR.. Andrews
should give to the meeting his views
Dr. ANDREWS then and requested the Secretary to
read that part Of the minutes Of the last meeting
bodyng the document signed at the last meeting to the
effect that committee be appointed to proceed to Perth
Amboy and examine into the statements of DR.. An
drews and report which of the three propositions
made by Dr. Andrews the most advisable to select
the basis of the proposed institute and in
Of them adopted, then to propose Of their
own. 1t having been read
DIR. ANDREWS said that the committee not having
ported either of these propositions, of
their own he questioned whether it was correct to
adopt the report II he did mistake the committee
had not the legal right to say that he must give writ
obligation to issue scrip within year and in case
Of his not getting 20 ire raor the ,b money
begging FOR money, but 1t mistake. He contended
that this committee had right to that in he
should carry the Inventors Institute himself that in
case he did not procure charter, that he should
refund the money, especially the committee knew
that he had procured a charter already. The third
proposition which he proposed at the former meeting
form joint stock company under the genere
partnership law Of New Jersey. As they have not
adopted this proposition he not willing to borrow
money in the way proposed by the committee II he
wanted money, he could obtain it his property with
ont the assistance of any one But he willing to car
he nsti I'M he mean md has
several inventions before him, which he thought very
valuable, and why need he borrow money in the way
proposed lie opposed to the adoption the report
and particularly to the concluding part, which he
considered a labored attempt to prove that there
Is place but New York where inventions can bt
carried out or fostered For his part he considered
New York in the light of market for the sale Of
inventions, than Is place for producing them. i,
affords good market for radshes and asparagus, but
its soil will not produce them The same may be said Of
inventions. There large manufactures in th
CITY, the obvious that real estate in the frs
place Is too high and mechanics cannot afford WORK
for the wages they in the country How IL 1t thai
and inventors have come into this city
aud after daying and waiting on the Mechanics lnst
tute have left fol their homes fifty dollars less in pocket
than when they arrived and all the satisfaction they
| procured was a paltry medal, which he looked upoI
Ms nothing more less than a certificate humbu,
the community. The inventors, he said are able
will take Of themselves, and hstanding thu
report whether is adopted not the Inventors In
stitute will be established shall be established and csta
lshed this very night, under the title of Solomon
| Andrews and his Associates Tremendous cheering
I am acquainted, said he with only of the commit
tee but all OF them have high respect lie
however assert that they actuated in making tina
report Ly local interests IL may be said that othc
places would do better than Perth Amboy. Well, b,
would admit II. What then Let the institute 20
| nevertheless. Whether the report be adopted
j.cted however he was determined that the Inventors
Institute should be established.
MIR FLEr of the committee, stated that the plan
| commended was the only they could recommend
unaor the circumstances which, II DR.. Andrews
would construc it properly, he would consider highl,
| complimentary to him. They were ready 10 advance
money and when the Institute was legally authorized
they would take stock As for the Perth Amboy Manu-
featuring Company; they could not find cut Its bust
| ness, or,
DR. ASpnEws-I beg your pardon sir; laid before thu
committee the books OF that Company which contained
every transaction Of the company from the day Of III
| birth to this day
Mr. FLrEr-ihat was the case but the committee had
time to inspect them They however, concluded tc
report ms they-dd As regards the Doctors remark
about New York he would that the journey TO Perth
Amboy % miles Neither did they think that plac,
so good M other places nearer New York. He would
say also that few places within the circuit Of New York
people were Employed principally in fishing. In concu
ne many facilities the city Of New York does to in
ventors and mechanics There no intention u Q
mart of the committee to disparage Perth Amboy
MIR AsHBsL GsErNE said that he thought the discus
sion hnd taken an undue latitude II the report be
adopted all of Dr. Andrews propositions rejected
e not then The proposed by the committee be adopt
ed IL that be the Ii will be an individual concern
because he will be board Of directors within himself
81 n. poratiO within himself The third