The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-05-20
Inventors Institute.

In the month OF February last, pamphlet was issued
by Mr. Solomon Andrews of Perth Amboy, New Jersey,
addressed to inventors and amateurs Of ingenuity
and skill In the mechanic arts recommending them to
associate together and form Inventors Institute
the organization and permanent establishment of their
business separate and distinct occupation peculiar
to themselves and for the exposure Of nterlopers and
pirates where real inventors may find such aid they
need in the prosecution and perfection Of their plans in
suggestions tools and materials and pecunary means;
where after maturing, they may conduct and carry
their business with and profit where they
have proper depots for the exhibition and sale Of
and competently examined and from whence certf-
cate OF approval will be sure guarantee to party pur
chasing, that he is not imposed upon by humbug.
In pursuance of the recommendation contained In
this pamphlet, those interested in tho subject
BLEED yesterday morning in Clinton Hail. for the purpose
OF discussing It, and taking such might be
deemed expedien to promote the establishment of an
Inventors Association
At eleven o'clock the meeting called order and
Mr.. SOLOMON ANpREws, Of Perth Amboy, New Jersey,
appointed President, Mr. SEwELL SHORT, of Mys,
tic, Conn, Vice President, and w. T. RoDoEKs, J of
On taking the chair Mr. ANDREws, in a few words,
explained the bects for which the meeting was called
He said the time had arrived when the inventors of the
United States should organise themselves into Mutual
Protection Society an organization that would embody
men OF capital as well inventors and by which both
capitalists and inventors would be benefited He had
he said given the subject great deal of attention. and
Ing, any one Of which they might adopt reject as to
them seemed best.
person u
holder But is expressly contemplated that the ope
rative business shall be under the control of scientific
and practical men in the mechanic arts. The CONNER
cia may be conducted by any the stock
holders who may be chosen to constitute board Of d.
recton for that purpose Fifty dollars may constitute
stakeholder; one need DO individually responsible
for more than he invests and he will be entitled to profit
pro rata according to his investment Here is gene
raj outline OF the plan OF operation.
The plans submitted by the chair for the purpose of
accomplishing the objects contemplated, fol-
lows There Is manufacturing company in. Perth Am
boy with capital of 100000 with liberty to increase
1t TO chartered by the State Of New Jersey in
this its bndns and
establish under it Inventors Institute The money
to be received for stock to be appropriated not in erect
ing buildings, &c. but In securing and developing pa
tents It might be objected against this proposition,
he he said, that it is an attempt to get rid Of
hsps there might be some in it, but he,
owning as he does controlling portion of the stock
appraised value provided the purchasers will agree to
carry out the Inventors Institute He had another pro-
tho @ was that ne woSa sell out and
the Inventors nstitute but in every case institu
tion for aiding poor inventors and developing their in
ventions should be carried out Forty-fve thousand
dollars of the capital of this company has been paid in
and the market price Of the stock is $50. The third
proposition was that he, Mr.. Andrews, would join
others in forming Inventors Institute He con-
siderable property consisting of lots of land steam
Which he win dispose Of and invest four nths Of the
purchase money in the stock Of the institute the re-
manning fifth to be paid in cash delivery Of the
Mr.. JOHNSON of Long Island enquirsd the amount of
the estimated value OF the machinery &C. Of the Perth
Amboy Manufacturing Company, and the terms upon
which it will be sold.
Mr. ANDREWS, before answering the question said that
it is desirable to know whether the project of the nven
tore Institute is to be carried out.
The gentleman who made the enquiry, then said that
he had visited Perth Amboy and found that the proper
ty Of the company was extensive that there two
steam engines lots, dwelling houses &c. He was salts
II disposed could carry out the project Of an Inventors
Institute
Mr. ARNOLD BurruM thought it right and proper that
the statements Of tho in Perth Amboy should
have been made IN the way in which they were made
but he would ask question first viz, shall form
such an institute after purchasing It!
Mr. Johnson said that it would be well to enquire and
ascertain In the first place. what be obtained
then that such Of the meeting were disposed
10 contribute, should send in their names and the
amounts they would contribute on slip Of paper to the
Mr. BUFruM enquired the object of this The
chairman in reply said that he understood that the
thus to be mentioned to be in augmentation the
capital in it might be needed; but that before any
action Of this kind were taken, it would be desira-
would be adopted
The CHAIRMAN requested to read the constitu-
which he did Capital may be as large as $5o 900 in
sharos OF $50; inventors to pay but So per annum
annually on each Capitalists not being in
ventors, to pay the whole within year.
1t moved seconded that such of the meeting AZ
were disposed to unite in the project, sign paper to
that effect and that committee be appointed to pro-
ments made by the chairman, and report at a future
meeting; the committee to report also which of the
three propositions made by the chair the advisa
Bile to select and in no of them is deemed adj
visable to propose one of their
The Following named gentlemen were then nominated
rs members Of the committee viz: Samuel Fleet, Jordan
L. Mott, and Edward Clark
The following named gentlemen announced their will
lngncss to unite in the undertaking. Jordan L. Mott
VIM. NJ johnson, Clinton Roosevelt Frederick A. Gay,
John Bowling, Samuel Fleet, Samuel Pratt John john
son, James r. Starrett James NJ. Merchant James Ca
mack, F. Ransom, James Dawson, John Cathsl, Rufus
Porter, Edward Clark, sewal short Thomas waber.
The meeting then adjourned to O'Clock, r. NJ.
At three O'Clock the meeting convened and
in conversational way the objects to be achieved by
ted to MIR Andrews ks said that for the s %sar or 49,
the institute, of course would not be able to carry ont
and deveope al the inventions that would probably be
submitted TO 1t. Such as required great deal Of
money perhaps than might be in the hands of the
treasurer ut the time would be left
alton and such required outlay consistent with
the means on hand would be entered into Thus he ex-
hbited newly invented turnkey for dentists use the
not exceedten dollars and the patent right of which,
provided the instrument will perform all that its author
thinks 1t will, is worth five thousand dollars.
In reply to another question he said that since he is
sued the pamphlets addressed to the most ingenious
man. in every village and town in the United states
stitute in the New York Herald he had received
several States in the Union applications from upwards
their inventions to the institute and avaing them.
selves of the facilities which it offered to carry them
out.
The meeting then adjourned TO halls past o'clock
On assembling in the evening, Mr.. AshbeI Green of
Princeton read from the New York Herald, Scienti6
fmercam and otr papers the opinions OF the press on
the subject OF forming an Inventors Institute and Mr.
Andrews the chairman, read several letters which he
said had been addressed to him the subject in conse
quence of the editor Of the Herald having inserted in hi
daily paper gratuitously the whole Of the pamphlet
which he issued and by inserting it in his weekly sheet
as advertisement accompanied with engraving of
the premises Of the Perth Amboy Manufacturing Com
pany. The writer's Of Of these letters complain
sadly of not being able to introduce their inventions
for want OF money, after having expended all their
press their hopes that with the assistance of this in
sttuton they yet be enabled reap the reward of
their talent, and support their families In comfort
Mr. Ponrrn, editor Of the Scientific american being
called for and said that within the few months
he had received descriptions Of hundred nven
tions some Of which, If carried out would be worth
from fifty to one hundred thousand dollars and which
would be disposed Of for comparatively small sum-