3) W.
4) Meadowcroft, fol 52."
The sale these interests Villard brought Edison badly
needed funds and relieved him the burden financing the
growth the electrical manufacturing industry, yet cost
him considerable part his income because these profitable
operations were now part EGE. When Henry
Villard approached Edison with his idea incorporate
manufacturing shops into larger organization (EGE), Edison
4
agreed, thinking that "it was better safe than sorry.J. Furthermore, the shops were
important customers for the laboratory and now Edison became
dependent EGE for large part his research business.
. The rush establish electric utility companies had
produced buoyant market for electrical goods and his
manufacturing shops enjoyed rapid growth and impressive
profits, returning 18% the initial investment 1888. Jencks Lab, July 1889, electricity.
NOTES
1) Tate Open Door, pp. 141-142.
2) Edison annotation Johnson TAE, Feb 1889,
electricity.5
have died out 1890.
The formation EGE 1889 drastically changed Edison's
finances.
Edison had invested these profits, and much his personal
fortune, the laboratory and did not have the capital to
support the expansion manufacturing facilities
