Edison In Commerce And Manufacture
AN applicant for membership in the Engineers' Club of Philadelphia is required to give a brief statement of the professional work he has done. Some years ago a certain application was made, and contained the following terse and modest sentence:


"I have designed a concentrating plant and built a machine shop, etc., etc. THOMAS A. EDISON."


Although in the foregoing pages the reader has been made acquainted with the tremendous import of the actualities lying behind those "etc., etc.," the narrative up to this point has revealed Edison chiefly in the light of inventor, experimenter, and investigator. There have been some side glimpses of the industries he has set on foot, and of their financial aspects, and a later chapter will endeavor to sum up the intrinsic value of Edison's work to the world. But there are some other interesting points that may be touched on now in regard to a few of Edison's financial and commercial ventures not generally known or appreciated.

It is a popular idea founded on experience that an inventor is not usually a business man. One of the exceptions proving the rule may perhaps be met in Edison, though all depends on the point of view. All his life he has had a great deal to do with finance and commerce, and as one looks at the magnitude of the vast industries he has helped to create, it would not be at all unreasonable to expect him to be among the multi-millionaires. That he is not is due to the absence of certain qualities, the lack of which Edison is himself the first to admit. Those qualities may not be amiable, but great wealth is hardly ever accumulated without them. If he had not been so intent on inventing he would have made more of his great opportunities for getting rich. If this utter detachment from any love of money for its own sake has not already been illustrated in some of the incidents narrated, one or two stories are available to emphasize the point. They do not involve any want of the higher business acumen that goes to the proper conduct of affairs. It was said of Gladstone that he was the greatest Chancellor of the Exchequer England ever saw, but that as a retail merchant he would soon have ruined himself by his bookkeeping.