Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1892-02-26


graphy is in use on $4,000 miles of
Western Union wire. Eleven years
ago the Western Union reports stated
that the quadruplex system saved
s56O,O00 in interest and repairs. In
asmuch as every mile Of wire actually
built does the work Of four miles of
wire, the qua lruplex system represents
900 miles OF phantom wire, worth
s1O,sOO,0OO.
On these SlO,S00,00O worth Of wires
there is no repairing to be done. The
value Of those phantom wires is there.
fore represented by saving Of $500,
900 in repairs at 81 a mile annually,
besides the interest on the $40, SOO,O 900
which it would have taken to Luild
them. Three thousand men work on
my duplex instruments. sold the
system to the Western Union l6 years
ago for $4,000, and spent the whole
OF 1t in experimenting in trying to
make wire carry six messages instead
OF four. | didn't succeed, so finan>
cially am worse of than | would
have been had | never invented the
quadruplex System. The stock ticker
employs about 500 men at work, and
represents an investment OF IS, 600, COO,
pay ing about 5 per cent year. From
that invention ! have received ut diff
ferent times $4,000. l spent $50,
900 in getting the thing up. That
az ain was loss.
Bell Invented the receiver. That
is the end of the telephone which you
put to YOUR ear. He was trying to
use that simultaneously as a trans>
mitter, but could not make it GO
The thing, therefore, did not pay. |
invented the carbon transmitter, which
made the telephone n financial success
by making it commercially available.
Here are the financial figures on the
tel. phone, which really st.gner me,
now that | come to look them up.
Throughout the world there are at
least one million telephones in use.
They pay $5O,00C,O0O year rental.
They represent al actual investment
of 500, 100000 at least, capitalized at
twice tina, sum and paying about
$40, 100000 year profit. That in.
vrnton of mine was very good thing
, fAr the girls, which is a gratifying
thought. 1t employs 10000 people,
mostly young women. ] got for the
| telephone about al02 coo in all. TAX
ing out What expended in exptr;>
, ments, | probably realized s25, COO in
clear profit. Bell made about half q
: million. Many people imagine tina,
lie made an enormous fortune, but he
/ didn't. 1t was bis father in law whe
made vast fortune by getting con
troll Of much stock.
NV electric pen and meo2rapl
duplicating apparatus is used v.r,
a largely here and in Europe. Three
hundred men m, Ike living out Of it
. The profits on that are not large.
My incanaesceut ieht system is tn
most satisfactory to contemplate a
:, regards the employm inert it gives t.
t great numbers of men. 1hroug CHOU
}, the world, Sc, 600 men make a Twin.
out of that invention. In my shop
at Schenectady, employ $500 hands
at my Harrison Lamp Works, l0Oo
F.! in the New York Works, $50. Abou
: 100000 lights are burning. Ties
# represent an investment in cold cas-
:. OF slO0,00O,000 | can count W
: SS7, 100000. In addition to tina,
customers have paid Sl2,00o,00O NOR
for the installation of wires. The thin,
is capitalized, taking all the com
panies together, at about $500, COO,
900, paving from to 90 per cent.
o yea. My patents on incsndescsu
a lights Melted me about $4,000.
spent about 100000 in experiment.
ing.
$ Tie electric railway is, of course
5 not such big enterprise. | bui't tn
:, first in the United States at Men!
4 Park in 1879. 1t was three mile
long, and on ii obtained speed c
40 miles an hour. sold it on, lonl
T. ago. l did not get my money bac
on it.
n The phonoeraph is new thing.
will take four or five years to pionee
it. 1t will be greater than the tele
phone. To pioneer a thing Is to ge
it on its feet. 1t took II years
= pioneer the typewriter. Yes, nigh
invent an electri, typewriter, noise
less Que, but the thing is M t pressing
as 1t is IN very good condition nov
y | have sold the phonograph out, bu
ahon, that there is a complicated stor
" which need not be told. have mad
no money out Of it, but there is on
- thing which am now working o
- out of which shall make money, an
CT which nobody can get any shar
except the boys here who own TIL
in thing with mo. That is the magnet
70 concentration of IRON ores. 1t is tn