Edison senior had turned
over resilient and financially strong business the next
generation. 1887 Edison had looked into the future and
envisioned great industrial complex. There was question that
his body would lie the laboratory and not Glenmont." had gone long way in
achieving this goal. Charles Edison had a
difficult task ahead him chief executive TAE Inc. TAE Inc. The indebtedness over $2,000,000 that had been
acquired during the war years and post-war depression was fully
discharged. had over $5,000,000 invested Liberty
Bonds 1931. (See
Ulus. 14-2, 14,500.XIV-20
as America and the world sensed that era was coming an
end.^®
. was
returning dividend and had average yearly surplus of
$7,000,000.
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.
Thousands people came pay their last respects. There was question that Edison should lie state to
receive one last round homage.)
The Great Depression was two years old when Edison died. 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
