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Updated: May 28, 2025
High up in the sandstone tower at headquarters, we sat with him in the maze of delicate machinery with which the fire game is played in New York. In great glass cases were glistening brass and nickel machines with discs and levers and bells, tickers, sheets of paper, and annunciators without number.
He had $360 which came to him out of a land allotment in the reservation. I had run down from Little Rock on account of a distressful scene I had witnessed on the street there. A man stood on a box and passed around some gold watches, screw case, stem-winders, Elgin movement, very elegant. Twenty bucks they cost you over the counter. At three dollars the crowd fought for the tickers.
The old man strolled out into the trading-room again. A curious grim smile softened his square jaw for a moment. He resumed his comfortable chair and took up a newspaper, glancing incidentally at the crowd of excited men about the tickers. He had about him that air of repose which comes to big men who have stayed much in big out-of-door solitudes.
Edison is the doctrine of evolution incarnate, applied to mechanics. As to the removal from Newark, he may be allowed to tell his own story: "I had a shop at Newark in which I manufactured stock tickers and such things. When I moved to Menlo Park I took out only the machinery that would be necessary for experimental purposes and left the manufacturing machinery in the place.
I went into the main room, where the tickers and blackboards were. As I approached through my outer office I could hear the noise the crowd was making as they cursed me. If you want to rile the true inmost soul of the average human being, don't take his reputation or his wife; just cause him to lose money. There were among my speculating customers many with the even-tenored sporting instinct.
On these were seated as tough-looking a collection of citizens as one might wish to see. On chairs at the ring-side were the reporters, with tickers at their sides, by means of which they tapped details of each round through to their down-town offices, where write-up reporters were waiting to read off and elaborate the messages.
He never cut them down, although their pay was very high as they became more and more expert. "Instead of books he kept hooks two of them. All the bills he owed he jabbed on one hook, and stuck mems of what was due him on the other. If he had no tickers ready to deliver when an account came due, he gave his note for the amount required.
The principles of many of these devices are still used in the arts, but have become so incorporated in other devices as to be inseparable, and cannot now be dealt with separately. To show what they mean, however, it might be noted that New York City alone has 3000 stock "tickers," consuming 50,000 miles of record tape every year.
Along the four walls were raised benches in tiers. On these were seated as tough-looking a collection of citizens as one might wish to see. On chairs at the ringside were the reporters with tickers at their sides. In the center of the room, brilliantly lighted by half-a-dozen electric chandeliers, was the ring. There were preliminary bouts before the main event.
"'About an hour after the ceremony I was reminded of those tickers and when we got to our new home, I told my wife about them, adding that I would like to walk down to the factory a little while and see if the boys had found out what was the matter. "'She consented and I went down and found an assistant working on the job.
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