Inventors
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In our eReader you can find the full English version of the book. Read Inventors Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Inventors
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" He adds: "We get but a song for it in comparison with the worth of the thing, but it is securing something. It will enable Miller & Whitney to pay their debts and divide something between them. " In December, 1802, Whitney negotiated the sale of his patent-right with the State of North Carolina. The Legislature laid a tax of 2s. 6d. Upon every saw (some of the gins had forty saws) employed in ginning cotton, to be continued for five years ; and after deducting the expenses of collection the r...eturns were faithfully passed over to the patentee. This compensation was regarded by Whitney as more liberal than that received from any other source. About the same time Mr. Goodrich, the agent of the com- pany, entered into a similar negotiation with Tennessee, which State had by this time be- gun to realize the importance of the invention. The Legislature passed a law laying a tax of 3/-J- cents per annum on every saw used, for the period of four years. Thus far the prospects were growing favorable to the patentees, when the Legislature of South Carolina unexpectedly annulled the contract which they had made, sus- pended further payment of the balance, and sued for the refunding of what had been already paid.
What to read after Inventors?
You can find similar books in the "Read Also" column, or choose other free books by Philip Gengembre Hubert to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" He adds: "We get but a song for it in comparison with the worth of the thing, but it is securing something. It will enable Miller & Whitney to pay their debts and divide something between them. " In December, 1802, Whitney negotiated the sale of his patent-right with the State of North Carolina. The Legislature laid a tax of 2s. 6d. Upon every saw (some of the gins had forty saws) employed in ginning cotton, to be continued for five years ; and after deducting the expenses of collection the r...eturns were faithfully passed over to the patentee. This compensation was regarded by Whitney as more liberal than that received from any other source. About the same time Mr. Goodrich, the agent of the com- pany, entered into a similar negotiation with Tennessee, which State had by this time be- gun to realize the importance of the invention. The Legislature passed a law laying a tax of 3/-J- cents per annum on every saw used, for the period of four years. Thus far the prospects were growing favorable to the patentees, when the Legislature of South Carolina unexpectedly annulled the contract which they had made, sus- pended further payment of the balance, and sued for the refunding of what had been already paid.
What to read after Inventors?
You can find similar books in the "Read Also" column, or choose other free books by Philip Gengembre Hubert to read onlineMoreLess
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