The policy of
gaining control manufacturing certainly paid off the end
of the century. After years trials and
tribulations, longer had please the investors and
venture capitalists. decade that started with the grand industrial
engineering electric traction systems and ore separation
ended with the cheap phonograph and the moving picture, two
unlikely products for Edison but welcome nevertheless. Unlike
his earlier plans for manufacturing operation, this company
was run Edison without outside investors. was now command his business
affairs and would tend look banks for capital rather than
obtain with joint-ventures with investors. The growing emphasis manufacturing made the
Edison Manufacturing Company important part Edison's
industrial empire.VII-26
chemicals for phonograph cylinders and Edison-Lalande primary
batteries. Edison's plan to
gain full control the Edison Phonograph Works was the last
link this strategy— the entire Edison manufacturing
operation would his hands. realized his long term goal separate
organization devoted manufacturing and marketing his
innovations, and was completely under his control. The profits coming from phonographs and
motion pictures offset the incredible losses the ore milling
venture.
