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year we did not drink it — no, no. My lord was cold,

source:let's goedit:foodtime:2023-12-04 02:00:34

"Let us apply these figures (the low wages too) to the 2,000 American factories--with this difference, to guard against over-guessing; that instead of allowing for 20 to 30 designers to a middle-sized factory, we allow only an average of 10 to each of the 2,000 factories--a total of 20,000 designers. Wages at $600, a total of $12,000,000. Let us consider that No. 2 will reduce this expense to $2,000,000 a year. The saving is $5,000,000 per each of the $200,000,000 of capital employed in the jacquard business over there.

year we did not drink it — no, no. My lord was cold,

"Let us consider that in the countries covered by this patent, an aggregate of $1,500,000,000 of capital is employed in factories requiring No. 2.

year we did not drink it — no, no. My lord was cold,

"The saving (as above) is $75,000,000 a year. The Company holding in its grip all these patents would collar $50,000,000 of that, as its share. Possibly more.

year we did not drink it — no, no. My lord was cold,

"Competition would be at an end in the Jacquard business, on this planet. Price-cutting would end. Fluctuations in values would cease. The business would be the safest and surest in the world; commercial panics could not seriously affect it; its stock would be as choice an investment as Government bonds. When the patents died the Company would be so powerful that it could still keep the whole business in its hands. Would you like to grant me the privilege of placing the whole jacquard business of the world in the grip of a single Company? And don't you think that the business would grow-grow like a weed?"

"Ach, America--it is the country of the big! Let me get my breath--then we will talk."

So then we talked--talked till pretty late. Would Germany and England join the combination? I said the Company would know how to persuade them.

Then I asked for a Supplementary Option, to cover the world, and we parted.

I am taking all precautions to keep my name out of print in connection with this matter. And we will now keep the invention itself out of print as well as we can. Descriptions of it have been granted to the "Dry Goods Economist" (New York) and to a syndicate of American papers. I have asked Mr. Kleinberg to suppress these, and he feels pretty sure he can do it. With love, S. L. C.

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