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May 1935
INTERNATIONAL PROJECTIONIST
23
tunity to publish this correction, in fairness to our rectifier.
Max L. Robinson Baldor Electric Co. St. Louis, Mo. I. P. apoligizes to Baldor. The Rect-oLite, has a list of $160, as advertised in these columns and elsewhere. While it is true that the figures in Mr. Hoffman's articles were all based on list prices, the fluctuating discounts allowed on tungar bulbs, ranging from 15% to 50% and more, merited the citation of $15 as an exorbitant price. — Ed.
Patent Abuses Cited By Reform Group
Consumers and industry alike are the victims of abuses of patent pool monopolies which must be eliminated in the public interest, is the verdict of public opinion as set forth in a booklet released by the American Economic Foundation
of 20 Exchange Place, New York City.
These findings are the result of a national survey conducted by the Foundation, which was organized to secure for the American people the economic benefits of science and invention in industry by opposing the abuses of patent monopolies, patent pools and royalty dictatorships in restraint of trade.
According to the opinions of business men, scientists and others, as set forth in the booklet, the principal abuses of the patent pool monopolies are:
Costly litigation, carried over long periods of time, an expense passed on to the consumer.
Suppression of inventions, depriving consumers of new conveniences, and industry of new sources of business.
Unfair competition in restraint of trade, including price fixing agreements, officially or unofficially arrived at.
Discouragement of small inventors, by monopolizing their market and offering
little or no reward for their their work.
Citing these and numerous other abuses of patent pool monopolies, contributors to the booklet urge reform in the patent system, stating that not until the evils disclosed are abolished will the American public recover the benefits of scientific invention.
According to the Foundation, consumers today are the victims of the abuses of patent pool monopolies. It recommends that consumers oppose the abuses of our patent system, protest higher prices resulting from patent pool monopolies, and encourage progress by recovering for the American people the benefits of inventive genius by opposing the evils now existing in the system.
A. T. & T. EARNS 30 MILLIONS
A net income of $30,097,288 for the first quarter of 1935 is reported by the American Telephone & Telegraph Co.
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Rectifier Specialists
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