The Panola weekly star. (Sardis, Miss.) 1882-18??, 1885-06-27

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nf Do lf HryHi that fhefa Nff ~ tIlDba
in h' paiHnia Hhd although hs a6i
nnsufH n4iy money nui n iln ranpsny
i1 fllf hin iD lIta elm pffshls. be
t.ns uai ~ bic phy lu stock Gov.
ft' EiI aln COMPANY bins done 4
HrlluHH HW0Hui N work In making
~. .nMus laying mains. HHl iniruinf
inr ~ fIstum ila expenses have ba u
enormous IT. BE- 70 now business, aud
'trfy .tep was m0u NJ lnss ~ an "a.
rHf mruf much work h7d 40 be done
over two or three 0mos lnl many cost.
j. H.uuinra we're made The result haf
br.u 'hIt ihe fio khollors have not aeon
much money iH me shape " div dcnds.
auI li.,1n relying largely upon biz
STOCK i0f reward has practically moth.
lnr Besides. there has been o good
d'tt " q appointment Ia the company
over IBIS ytltn n things aud an aiiompt
Wl' mad nearly .lv months ago 10 turn
Ellison out ~ least, ~ render his Pc.
siun Of no au hOrItY It was claimed
that he WIS no business man, which I,
probably true, and that the company
could ru' on better without him. which
b probably untrue Tor a time Edison
succeeded ~ beat NJ his opponents.
hear now, however, that they are get
ting the upper hand, and that I'D sons
voice IN the management Of the concern
which bears his nlmc Is seldom heard.
Out Of the quadruplex apparatus for
sending four message, along one wire
II the same time Edison made the
money with which he be lau his electric
hight experiments. H. was sufficiently
well known IN 1877 10 attract the atten.
ton Of capitalists to his schemes, aud
the S ock of The Edison Electric Light
Company, after the tremendous news
paper advert sing he got in 1879. rose 10
fabulous prices. remember that carly
ID 1879 Edison's stock was quoted al
s2,OD for each M hundred dollar
share. II Edison had no had faith in
his own scheme, he might have sold out
I on and have been a rich man today.
lie kept his ,tock. and worked night
and day IN the service of the company.
Like most new things, there were dtf.
icultics. DELAY, and expenses Of which
no n dreamed 1t took him a year
more than he calculated to get his
system in operation. and the cost was
double the estimates. II had been an
nouncod that the new light would cost
Tar less than gas. AS a matter Of fact
1t cost, far more, and il was not long
after the company got its works in op.
Grafton thai the stock fell In value and
Edison found himself with u good deal
OF fame to show for his eight years
work, but with but very little money.
Since the first station was opcned,
two years ago this coming summer,
very little money had been made. and
the work Of extending the business
has been slow. In the way Of putting
in isolated plants some money has
been made, but not by Edison person
ally. OF late matters have gone from
pad to worse, and | am sorry TO saw
that the famous inventor shows signs
of being bitterly disappointed. lie is
no business man, and spends more
money on experiments than would sui.
lice to support live ordinary families;
hence his present financial depression.
Fortunately, he Is likely at any moment
to bring forth something new, and
there are always plenty Of men ready
TO put money into his schemes. lie il
now living quietly in a little fiat of
Broadway in Eighteenth street. for
which he pays a thousand n year, and
working hard at a device for telegraph
ing between a moving train aud sta.
tons along the line There Is already
one company with a similar project
and an apparatus for achieving this re-.
snlt. bat Edison thinks be- can do bet.
ter ~ D. Cor. Charesion Is. o.
Nous and Courier.