Before leaving the subject of Patent Rights, I want to say a few words for the benefit of those who may be inclined to speculate in them. Although the selling of territory or State and County rights may be considered legitimate, it is by no means a suitable business for a reputable person to follow. The deeding of territory in a Patent Right is about equivalent to giving a deed to so much blue sky. At least, the purchaser usually realizes as much from the former as he would from the latter.
Those who invest in Patent Rights invariably do so at a time when their imagination is aroused to a point where all is sunshine and brightness.
But as soon as their ardor cools off their energies become dormant, and by the time they are ready to commence business they are as unfit to do so as they were visionary in making the purchase.
An invention of merit will never be sold by County or State rights. There are any number of capitalists ready and willing to invest in the manufacture of an invention of practical use. In such cases any territory would be considered too valuable to dispose of.
Hence it should be borne in mind that, as a rule, to invest in specified territory is to purchase an absolutely worthless invention.
The man who consummates the sale will seldom have the satisfaction of realizing that he has given value received.
And without giving value received, under all circumstances, (whether in Patent Rights or any other business), no man need look for or expect success.
As experience is a dear teacher, let the inexperienced take heed from one who knows, and give all business of this character a wide berth.
Upon reaching Adrian, I discarded the carpet-bag and bought a small valise, with which I at once began business; and that night prepared more stock for the next day.