A Pathfinder Discovery Invention And Industry How the World Came to Have Aqu

Cover A Pathfinder Discovery Invention And Industry How the World Came to Have Aqu
A Pathfinder Discovery Invention And Industry How the World Came to Have Aqu
Edward Goodrich Acheson
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Waring, President of the Standard Underground Cable Company, with the hope of interesting him. I opened negotiations with him for the sale of my patent. In the meantime, I moved my family to a board- ing-house in Kittanning, a town three miles down the Allegheny River from Gosford. It 9 1 was about forty-four miles from Kittanning to Pittsburgh. I was out of money completely, and I saw time would pass in the selling of my patent. I pawned my watch-chain and bought a monthly ticket between Kitta...nning and Pittsburgh, and made daily trips to the City. I soon learned that Mr. George Westinghouse was negotiating with Mr. Waring to get control of the Cable Company. I went to see Mr. Westinghouse, and proposed to sell him my patent. The nego- tiations between Westinghouse and Waring came to a finish, the latter selling his interest in the Cable Company to the former. Mr. Westinghouse bought my patent in the interest of the Cable Company, paying me seven thousand dollars in cash and fifty thou- sand dollars of the stock of the Standard Under- ground Cable Company, which was then cap- italized at three million dollars, and engaged me for a term of three years as electrician to the Cable Company, at a salary, I think, of two thousand dollars per year.

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