Industrial Press Newspaper Archives Aug 1 1870, Page 1

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Industrial Press (Newspaper) - August 1, 1870, Cincinnati, Ohio ST. LOUIS. Vol. 1—No. 2. WASHINGTON, AUGUST 1,1870. Single Copies 10 Cents. J. A. FAT A €0/8 (Cincinnati, O.J (TO. 2.) DOOR A 8A8H PATENT POWER MORTISING MACHINE. (With Compound Bed.) The machine herewith illustrated, is constructed wholly of iron and steel, and is intended for mortising doors, sash, &c. It is built in the most substantial manner, and may be run at a much higher speed than ordinary machines, and in íbnsequence, turn off a much larger amount of work. It is conceded to be unsurpassed by any machine of the kind yet produced. It is fitted with Fay & Go’s patent compound bed, on which the stuff to be worked is clamped or fed to the chisel by a rack and pinion. The same bed can be used for straight mortising in the usual manner as it is provided with bent stops, arranged to swing and adjust to different points on the stuff as may be desired. The bed is also arranged for radial mortising and has adjustments in any required direction, and hence is remarkably well adapted for all kinds of mortising within its capacity. The treadle is ^arranged in a novel manner so as to produce a greater or less throw of the . table, as the nature of the work may demand, which also changes the depth of the mortise, and the adjustment being instantaneous and durable, it is much more convenient than other modes hitherto employed. The treadle is admitted to be a decided improvement over those of any other construction, and the machine may be run at a high speed with scarcely any perceptible jar or tremble. This machine is also fitted with Fay & Go’s new patent reverser, which reverses the chisel bar automatically while in motion, alternately in reverse directions as required, one inch movement of the treadle only being necessary to accomplish it. The self-reverser is new, positive, sure, and durable, and with many other features of the machines is universally admired. This machine does not require to be stopped while changing the stuff, and the chisel will make four hundred strokes per minute. For mortising door stuff and all kinds of soft wood, no boring is required. Each machine is furnished with I, |, and f inch chisels. For particulars, address, J. A. Fay & Go. Cor. John and Front Sts., Gincinnati, 0. A PAYING CO-OPERATIVE ENTERPRISE. In a former article’^we alluded to the inherent weakness of cooperative associations, as usually organized, and yet spoke hopefully of their ability to relieve, at times, vorjtmen who found themselves in an extremity.    ^ The following information from Mr. W. W. Baldwin, Secretary and Superintendent of the Gleveland Gooperative Stove Gompany, shows that some of the difficulties of cooperation have been successfully met, while others, it is believed, will disappear as more experience is gained: “Our Company organized September, 1867— “ authorized capital, $250,000; original cash capital, “ $20,000, increased by earnings and subsequent sub-“ scriptions to about $33,000 at the present time; “$20,000 in permanent investment. Capacity for “ twenty-four molders, earning, 1868, ten per cent., “ 1869, nine per cent., added to capital and script “ issued for same to stock-owners. The enterprise “originated with the molders from the different foundries of this city. Afterward stock was sold to other classes of laboring men, business men, retail stove dealers, etc. Present number of stockowners, about 120, holding from one to thirty shares of one hundred dollars each. No stock has been sold by the Company for less than par ($100 per share). The directors are about equally divided among business men and laboring men. None of our stockholders are entitled to receive any more wages, or favors of any kind, than if they had no interest. The management of the affairs of the FAY S PATENT POWER MORTISING MACHINE. ’ , Company rests entirely and^bsolutely with the Superintendent, subject only to^ft^ Board of Directors, all employes or stockowners; although we employ others when necessary. A^l the affairs of the Company have moved very smoothly since its organization, with an occasional ex-^eption in the way of a small stock-owner or two, who have attempted to raise a division, but without success; such dissenters, in no case, being employes of the Company. Foundry, machinery, etc,, etc. (all the construction accounts) are paid in full, the only indebtedness of the Company being for material and labor for the merchandise department. Owing to the limited amount of working capital, and the distrust with which cooperative institutions are universally regarded, the first two years’ business was light (about $35,000 per year), as the principle has been to keep on the safe side, and not take too many chances. Our business for the first half ot 1870 shows an increase of about one hundred per cent, over 1869, and prospects of a still further increase for the balance of the year, as our trade and credit are becoming established. We consider the correct principle for all manufacturing business is to have all employes directly interested in the profits of the business, and still have the balance' of power (in case of necessity) in the hands of business parties.” From this very clear statement of organization and mode of operation, we are led to attribute the success of this Company to the power they have so wisely given the Superintendent.' Generally, the jealousy growing out of the exercise of the executive power is sufficient to paralyze the benefits thatfhould follow cooperation; but as “ failure is the alphabet of success,” we hope to see such organizations pruned of the impracticable theories that once encumbered them, and established upbn principles that will make them successful. PATENT 80EICIT1NG ABUSES. An evil that has fastened itself upon the inventive skill of the country, is the establishment of a class of agencies upon the “ no patent, no pay ” system, which is calculated to mislead ignorant inventors, who may be of limited means. It carries upon its face a certain plausibility, and yet leads to the same pernicious results as the “no cure, no pay” system among empirical practitioners of medicine. The following extract from the annual report of the Commissioner of Patents for the year 1869, may be regarded as an official vindication of the course pursued by those agencies that have steadily refused to make their fees contingent upon success, but have conscientiously given their clients the full benefit of their experience and research, in the endeavor to secure a grant commensurate with the value of the invention: “Where establisliments are organized for the “purpose of procuring patents, they are apt to be-“come more solicitous about the number than the “ quality of those which they obtain. This tendency “ is aggravatad by those who solicit patents upon “ contingent fees, or who, without special training or “ qualifications, adopt this business as an incident to “ a claim agency, and press for patents as they press “ for back pay and pensions. Such men are often “ more desirous of obtaining a patent of any kind, “ and by any means, than they are of obtaining one “ which shall be of any value to their clients. In-“ ventors are often poor, uneducated, and lacking in “legal knowledge. They desire a cheap solicitor, “ and do not know how to choose a good one. They “ are pleased with the parchment and the seal, and “ are not themselves able to judge of the scope or “ valuá of the grant. Honest and skillful solicitors, “ with a thorough knowledge of the practice of the “ office and of patent law, and who are able and will-“ ing to advise their clients as to the exact value ot “ the patents which they can obtain for them, may bo “ of much service to inventors. There are many “ such; but those who care for nothing but to give “ theiá'^something called a patent, that they may sc-^ “cure their own fee, have, in too many instances, “ proved a curse. To get rid of their client and ol “ trouble, they have sometimes been content to take “ less than he was entitled to, while, in many cases, “ they have, with much self-laudation, presented him “ the shadow, when the substance was beyond his “ reach. Between such men and the office the strife “ is constant. They have the ear of their client, and, “to some extent, of the public; and much of the “ misrepresentation of the spirit and character of “ the work of the office, is directly traceable to this source. \

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