The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1885-10-16


- ~ a, 9sus crsass Rsveloessa =
Tvns.nssolnr MT. L1ke ths Keely meoeR
~ nueesss q selll PPospeet.ve and, -
nens Hzssns. Preblenaeicns-
WASHINGTON. D. c., October -
Thers was Z meeting Of prominent news
pap<r men In this city Last week. The
purpose Of this meeting Vas not eenes
slly known. These gentlemen have H.
vested large sums IL . type-setting ma
chine. This machine vas made 10 Bslu
more. and has been upon the eve o. 90
called completion Tor : number Of years.
Il We originally backed b. JohD Ca
phanc. one Of the leading stcno.rapnere
here. He organized . company. which
Wac made up Of nearly al Of ihs omcial
e.cuo0raphors Of Warrington Iheis
cap,tsl being limited. and The expert.
mcn.s Of The Invention not reaching sue
Gees within 4 fixed period covered ~
their means, othrr investors have been
taken ~ from time 20 time. Mr.. Hutch.
ins. The editor Of the Washington Posi-
apDearrd % think we'll Of the invention.
and bought lie aiock during the second
Derlod Of the increase Of the company.
II 4 undcrstood that through hls repre-
eentatious WhitclaW Red. Of the New
York Tribune; Richard Smith, Of the Gin
clnnati Gdxeff~; Mr.. Haldeman, q the
Louisville Courier-J journal; william
Henry Smith, Of the New York Assoc
Gated Press, and Mr.. Stone, ofthc Ne'cs
81 Chicago, have become investors- u
Il said that these last named gentlemen
have invested Ia all o350, 900 In the
stock, which two years ago Vas at ~.
Teen. II Is now salt 90 b. u sixty. but
Il Il question whether any block Of the
stock could be sold 1t that hgure- Il
has been claim a for this machine that
Il would q, AWAY with the composition
entirely. With the keyboard Of : type
writer any one capable OF writing,
this last named machine would oe able
20 set the matter M and stereotype q
the ssmc time the type required TOT the
printing OF newspaper. The machine
hsa been inspected BY number OF ex-
perts IL Il very ingenious aud Will I'M
doubtedIy be used Ia printing book work,
circulars or In copying legal documents.
But 10 very serious question among ne
stockholders whether this machine VIII
ever be suf1lcient 20 meet all the require
meuts Of the modern newspaper puoilca'
lion ONCE The meeting OF the news
ihe purpose Of considering the question
OF whether the headquarters OF tbs com
n,nv should not be transferred to New
York. and to further consider WAYS
ana means Of raising money III
further experimenting with this machine.
There are I number Of conflicting stories
about the condition reached Ia the con
afruction Of this new Invention Il Y
claimed bv some OF the gentlemen inter
ested IN Il inst II Il now nerfect an
ready 70 be used. II this II true, thi
fact viii be early disclosed. becsu<e "a
majority Of the gentlemen intereste 10
have control Of publication Offices wher
the use Of this machins would cersa'ni
make 4 great sensation II has nee
claimed for several years that this irveu
lion would rival the telephone Ia IN
profls resulting from Il. and the news
papers not IN the company controlling
would Be driven to severe loss froi
their inability to compete VII
the ofIices having Il. 1t has bee
claimed that this machine won
reduce the prlce Of composition tw'
thirds. This invention has now bee
under way four years. Two years ac
Abram ). Hewitt came very near invcs
inr In Il. - as to secure the control, bl
hls Judgment, after Investigating !
merits. led him to withhold the tnves
mcnt. This Invention has been the su
i.ct OF great deal Of talk a Washin
ton. The principal Investors In u see
70 he perfectly confident that Il - one
the greatest inventions Of modern time
and that II will return royal ircnme
iss Stockholders, while there IRE col
blooted. cynical minded pcop'e VI
Z que that II Is the Kee'y moor ov
again, and that while the machine
very ingenious, II never can % ma
practical Tor the uss Of newspapers