October 1895 Edison wrote F.
Edison once said that always invent obtain money on
inventing," and failure Ogden brought him back again the
laboratory make money. He
had dug the largest hole New Jersey and poured his fortune
into it, gambling millions dollars his process of
separating iron from low-grade ore.VII- 1
CHAPTER SEVEN
R&D THE NINETEENTH CENTURY
Edison had little time sympathy for the decline the
kinetoscope; the ore milling venture had reached climax by
1895 and all his energy was devoted the mill Ogden. admitted the press
that "it will either work bust," and unfortunately it
failed.
Fish, general counsel General Electric: getting close
to the end mill biz and will soon able come back to
work.He was involved with technical problems that the
significance the decline price Minnesota ore passed
him by: there was point competing with the giant steam
shovels that poured the Mesabi ore into waiting railroad cars." ^
The work referred his letter Fish was not the
kinetoscope, which had taken only small part, but the
electrical research the lab, most which was financed by
