The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1907-09-26

coup. asd tAis Is the company
through Which he bid for the $40.
Oo0. 000 issue last ~sek.
Not as a postAge-s,Aup bone bid.
der. ho~eyer. has Whites fame been
made. His really spectacular e1.
plotts have been In company pro.
noting. Il vas in 1901 that White
net young Lee De Fore-t Just out
% Yale. De Forest enulating Mar.
conf. had devised instruments for
wireless telegra2hy In Chicago
laboratory. and had come TO New
YORK b interest capital In his In
yenaon He fell In with White. and
an amazing chapter on company pro
noting vas opened.
Firs, g ~as a 1900. 900 company
under the title Of the De Forest
Wireless Tslegraphy CON pany. With
White as president and De Forest
as vice president A short while
after this vas expanded into a
s. .0o0. 900 company. and then alon Z
came the s. 900 900 American De For.
est Wireless Telegraph company. as
new companies were brought oct
White became more and more powerful
IN their direction until Abraham White
and the De Forest Wireless company
became Synonymous Costly patent
litigation with the Marconi people
naturally followed. The Marconi pro-
moters en!oined the De Forest com.
pany and the D. Fores; company
sued the Marconl company for ST..
600 damages. The patent liti.
CATION went on year after year
Another rival In the wireless field
vas the s25.cO0O0O International
Wireless Telegraph company, a
consolidation OF string OF stock
iobbing companies based on some
ancient wireless patents.
During the tmerica's cup races
OF 1903 the three rival wireless
companies came into conflict. The
international crowd. after a vain e,
fort TO get one OF the press associ
atoms TO use its instrument, st ~
a very powerful station on the Nave
bank Highlands. Throughout TIE
/ yacht races they sent out so power
/ full str. am OF electric disturbance:
/ that neither Marconi nor the DE-
Forest operators could get in q
word edgewise.
White retaliated by bringing sui
for damages against the "conspir
ators." But the trouble was finally
patched up and White was left II
complete control Even D. Fores
vas crowded out in the end.
In absolute control OF the 1880,
900 company. and with no competitor
but Marconi, White went along swim
mingly. BY making extravagan
promises to investors through news
paper advertisements. prospectusei
and circulars. he sold a great dea
Of stock and used most OF the mon
ey in publicity. He nearly bank
rupted the company in erecting wire
less stations in various parts Of tn
country.
White, like Col. Sellers. saw mil
lions in 1t" and he did not spare
the English language in picturinl
the future Of the company. Wher
White was selling his De Fores'
stock a year ago at $3.50 a share
(the price now Is a few cents with
scarcely any market. he cried from
the housetops, ITS another Bel
Telephone" not forgetting 10 recall
TO investors the fact that the Bel
Telephone stock advanced from s.
10 $1,000, in spite Of the skepiic'
and scofers-and "De Forest wai
bigger than Bell Telephone" 1t wa'
as certain as arithmetic that grea
fortunes would be made out OF this
stock" Col Sellers, were he alive
would turn green with envy aftei
reading a page OF one OF Whites
wonderful prospectuses.