United States of America v. Motion Picture Patents Company and others (1914)

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36 pressive appearance and to make it more difficult to analyze the agreements and make certain their real character. X. The six patents analyzed. (1) LATHAM PATENT. This is known as the Loop patent. It was one of the three patents assigned by the Biograph Company December 18, 1908, to the Patents Company. It was issued August 26, 1902 (No. 707934), to E. & H. T. Anthony & Co. The Anthony Company owned the patent until the fall of 1907 when it was acquired by the Ansco Company wThich took over the assets of the former company. (Anthony IV, 2073, fol. 2.) The Anthony Company had spent in the neighborhood of $11,000 to have the patent issued and carried the patent on its books at a valuation $10,000. (IV, 2066, fol. 3.) J. J. Kennedy, on behalf of the Biograph Company, acquired the patent February 15, 1908, from the Ansco Company, paying $2,500. Neither the Anthony Company nor the Ansco Company had brought any suit on the Latham patent to prevent infringement, although the defendants assert that all the defendants during that period had infringed the patent. The defendants put on the stand two witnesses to testify that the Anthony and Ansco Companies were financially weak and unable to bear the cost