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It is worthy of note, as to the promptness with which the Edison stations became paying properties, that four of the metered stations were earning upward of 15 per cent. on their capital stock; three others between 8 and 10 per cent.; eight between 5 and 8 per cent.; the others having been in operation too short a time to show definite results, although they also went quickly to a dividend basis.
The drive unit was connected to the board by a suspended cable. "Boy, this'll be like playing with a speedboat in a bathtub!" Tom thought with a chuckle as he changed into swim trunks. He climbed into the tank and slid the drive unit to one end of its track. Then Tom metered out power slowly. With a gentle whoosh, the ion-drive unit whizzed along the unitrack to the other end of the tank.
C. S. Shepard read a paper on the meter practice of the New York Edison Company, giving data as to the large number of Edison meters in use and the transition to other types, of which to-day the company has several on its circuits: "Until October, 1896, the New York Edison Company metered its current in consumer's premises exclusively by the old-style chemical meters, of which there were connected on that date 8109.
There is intimation of this in a recent statement of a western economist to the effect that there was as great cultural value in developing the lines of a perfect milk cow as in studying a Venus de Milo, and in growing a perfect ear of corn as in representing it by means of color or expressing the rhythm of its growth in metered words.
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