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. 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." ^
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
. admitted the press
that "it will either work bust," and unfortunately it
failed.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.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.
Fish, general counsel General Electric: getting close
to the end mill biz and will soon able come back to
work
