Letters Vol. 4 [24]
it is as elaborate and complex as that machine which it ranks next to, by every right--Man--and in performance it is as simple and sure.
Anybody can set type on it who can read--and can do it after only 15 minutes' instruction. The operator does not need to leave his seat at the keyboard; for the reason that he is not required to do anything but strike the keys and set type--merely one function; the spacing, justifying, emptying into the galley, and distributing of dead matter is all done by the machine without anybody's help--four functions.
The ease with which a cub can learn is surprising. Day before yesterday I saw our newest cub set, perfectly space and perfectly justify 2,150 ems of solid nonpareil in an hour and distribute the like amount in the same hour--and six hours previously he had never seen the machine or its keyboard. It was a good hour's work for 3-year veterans on the other type-setting machines to do. We have 3 cubs. The dean of the trio is a school youth of 18. Yesterday morning he had been an apprentice on the machine 16 working days (8-hour days); and we speeded him to see what he could do in an hour. In the hour he set 5,900 ems solid nonpareil, and the machine perfectly spaced and justified it, and of course distributed the like amount in the same hour. Considering that a good fair compositor sets 700 and distributes 700 in the one hour, this boy did the work of about 8 x a compositors in that hour. This fact sends all other type-setting machines a thousand miles to the rear, and the best of them will never be heard of again after we publicly exhibit in New York.
We shall put on 3 more cubs. We have one school boy and two compositors, now,--and we think of putting on a type writer, a stenographer, and perhaps a shoemaker, to show that no special gifts or training are required with this machine. We shall train these beginners two or three months--or until some one of them gets up to 7,000 an hour--then we will show up in New York and run the machine 24 hours a day 7 days in the week, for several months--to prove that this is a machine which will never get out of order or cause delay, and can stand anything an anvil can stand. You know there is no other typesetting machine that can run two hours on a stretch without causing trouble and delay with its incurable caprices.
We own the whole field--every inch of it--and nothing can dislodge us.
Now then, above is my preachment, and here follows the reason and purpose of it. I want you to run over here, roost over the machine a week and satisfy yourself, and then go to John P. Jones or to whom you please, and sell me a hundred thousand dollars' worth of this property and take ten per cent in cash or the "property" for your trouble--the latter, if you are wise, because the price I ask is a long way short of the value.
What I call "property" is this. A small part of my ownership consists of a royalty of $500 on every machine marketed under the American patents. My selling-terms are, a permanent royalty of one dollar on every American-marketed machine for a thousand dollars cash to me in hand paid. We shan't market any fewer than 5,000 machines in 15 years--a return of fifteen thousand dollars for one thousand. A royalty is better than stock, in one way--it must be paid, every six months, rain or shine; it is a debt, and must be paid before dividends are declared. By and by, when we become a stock company I shall buy these royalties back for stock if I can get them for anything like reasonable terms.
I have never borrowed a penny to use on the machine, and never sold a penny's worth of the property until the machine was entirely finished and proven by the severest tests to be what she started out to be--perfect, permanent, and occupying the position, as regards all kindred machines, which the City of Paris occupies as regards the canvas-backs of the mercantile marine.
It is my purpose to sell two hundred dollars of my royalties at the above price during the next two months and keep the other $300.
Mrs. Clemens begs
Anybody can set type on it who can read--and can do it after only 15 minutes' instruction. The operator does not need to leave his seat at the keyboard; for the reason that he is not required to do anything but strike the keys and set type--merely one function; the spacing, justifying, emptying into the galley, and distributing of dead matter is all done by the machine without anybody's help--four functions.
The ease with which a cub can learn is surprising. Day before yesterday I saw our newest cub set, perfectly space and perfectly justify 2,150 ems of solid nonpareil in an hour and distribute the like amount in the same hour--and six hours previously he had never seen the machine or its keyboard. It was a good hour's work for 3-year veterans on the other type-setting machines to do. We have 3 cubs. The dean of the trio is a school youth of 18. Yesterday morning he had been an apprentice on the machine 16 working days (8-hour days); and we speeded him to see what he could do in an hour. In the hour he set 5,900 ems solid nonpareil, and the machine perfectly spaced and justified it, and of course distributed the like amount in the same hour. Considering that a good fair compositor sets 700 and distributes 700 in the one hour, this boy did the work of about 8 x a compositors in that hour. This fact sends all other type-setting machines a thousand miles to the rear, and the best of them will never be heard of again after we publicly exhibit in New York.
We shall put on 3 more cubs. We have one school boy and two compositors, now,--and we think of putting on a type writer, a stenographer, and perhaps a shoemaker, to show that no special gifts or training are required with this machine. We shall train these beginners two or three months--or until some one of them gets up to 7,000 an hour--then we will show up in New York and run the machine 24 hours a day 7 days in the week, for several months--to prove that this is a machine which will never get out of order or cause delay, and can stand anything an anvil can stand. You know there is no other typesetting machine that can run two hours on a stretch without causing trouble and delay with its incurable caprices.
We own the whole field--every inch of it--and nothing can dislodge us.
Now then, above is my preachment, and here follows the reason and purpose of it. I want you to run over here, roost over the machine a week and satisfy yourself, and then go to John P. Jones or to whom you please, and sell me a hundred thousand dollars' worth of this property and take ten per cent in cash or the "property" for your trouble--the latter, if you are wise, because the price I ask is a long way short of the value.
What I call "property" is this. A small part of my ownership consists of a royalty of $500 on every machine marketed under the American patents. My selling-terms are, a permanent royalty of one dollar on every American-marketed machine for a thousand dollars cash to me in hand paid. We shan't market any fewer than 5,000 machines in 15 years--a return of fifteen thousand dollars for one thousand. A royalty is better than stock, in one way--it must be paid, every six months, rain or shine; it is a debt, and must be paid before dividends are declared. By and by, when we become a stock company I shall buy these royalties back for stock if I can get them for anything like reasonable terms.
I have never borrowed a penny to use on the machine, and never sold a penny's worth of the property until the machine was entirely finished and proven by the severest tests to be what she started out to be--perfect, permanent, and occupying the position, as regards all kindred machines, which the City of Paris occupies as regards the canvas-backs of the mercantile marine.
It is my purpose to sell two hundred dollars of my royalties at the above price during the next two months and keep the other $300.
Mrs. Clemens begs