[The Age of Invention by Holland Thompson]@TWC D-Link bookThe Age of Invention CHAPTER VI 33/39
Now appeared James Densmore and bought a share in the machine, while Soule and Glidden retired. Densmore furnished the funds to build about thirty models in succession, each a little better than the preceding.
The improved machine was patented in 1871, and the partners felt that they were ready to begin manufacturing. Wisely they determined, in 1873, to offer their machine to Eliphalet Remington and Sons, then manufacturing firearms, sewing machines, and the like, at Ilion, New York.
Here, in well-equipped machine shops it was tested, strengthened, and improved.
The Remingtons believed they saw a demand for the machine and offered to buy the patents, paying either a lump sum, or a royalty.
It is said that Sholes preferred the ready cash and received twelve thousand dollars, while Densmore chose the royalty and received a million and a half. The telegraph, the press, and the typewriter are agents of communication for the written word.
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