Memoir of Eli Whitney, Esq.
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This species of cotton has been known in all countries where cotton has been raised, from time immemorial, but was never known as an article of commerce, until since this method of cleaning it was discovered. In short, (to quote the language of Judge Johnson, ) if we should assert that the benefits of this invention exceed one hundred millions of dollars, we can prove the assertion by correct cal- culation. It is objected that if the patentee succeeds in pro- curing the renewal of his patent, h...e will be too rich. There is no probability that the patentee, if the term of his patent were extended for twenty years, would ever obtain for his in- vention one half as much as many an individual will gain by the use of it. Up to the present time, the whole amount of what he has acquired from this source, (after deducting his ex- penses, ) does not exceed one half the sum which a single indi- vidual has gained by the use of the machine in one year. It is true that considerable sums have been obtained from some of the States where the machine is used ; but no small portion of these sums has been expended in prosecuting his claim in a State where nothing has been obtained, and where his ma- chine has been used to the greatest advantage.
What to read after Memoir of Eli Whitney, Esq.?
You can find similar books in the "Read Also" column, or choose other free books by Denison Olmsted to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This species of cotton has been known in all countries where cotton has been raised, from time immemorial, but was never known as an article of commerce, until since this method of cleaning it was discovered. In short, (to quote the language of Judge Johnson, ) if we should assert that the benefits of this invention exceed one hundred millions of dollars, we can prove the assertion by correct cal- culation. It is objected that if the patentee succeeds in pro- curing the renewal of his patent, h...e will be too rich. There is no probability that the patentee, if the term of his patent were extended for twenty years, would ever obtain for his in- vention one half as much as many an individual will gain by the use of it. Up to the present time, the whole amount of what he has acquired from this source, (after deducting his ex- penses, ) does not exceed one half the sum which a single indi- vidual has gained by the use of the machine in one year. It is true that considerable sums have been obtained from some of the States where the machine is used ; but no small portion of these sums has been expended in prosecuting his claim in a State where nothing has been obtained, and where his ma- chine has been used to the greatest advantage.
What to read after Memoir of Eli Whitney, Esq.?
You can find similar books in the "Read Also" column, or choose other free books by Denison Olmsted to read onlineMoreLess
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