Charles Edison had a
difficult task ahead him chief executive TAE Inc. 1887 Edison had looked into the future and
envisioned great industrial complex. 14-2, 14,500. (See
Ulus. Edison senior had turned
over resilient and financially strong business the next
generation. There was question that Edison should lie state to
receive one last round homage. Yet
the organization did survive the Great Depression, just it
had survived the Great Depression the nineteenth century and
the depressions 1907-8 and 1920-21.
The first shocks the Stock Market had struck while Edison,
Ford, and President Hoover were parading through the streets of
Detroit during the Festival Light. the time his death, TAE Inc. told financial
backer that honestly believe that can build works in
15 years that will employ 15,000 men and yield 500
O O
per cent stockholders. was
returning dividend and had average yearly surplus of
$7,000,000. TAE Inc. had over $5,000,000 invested Liberty
Bonds 1931.)
The Great Depression was two years old when Edison died. There was question that
his body would lie the laboratory and not Glenmont.^®
.
Thousands people came pay their last respects." had gone long way in
achieving this goal. The indebtedness over $2,000,000 that had been
acquired during the war years and post-war depression was fully
discharged.XIV-20
as America and the world sensed that era was coming an
end
