ions.

The ease with which a cub can learn is surprising. Day before yesterday
I saw our newest cub set, perfectly space and perfectly justify 2,150
ems of solid nonpareil in an hour and distribute the like amount in the
same hour--and six hours previously he had never seen the machine or
its keyboard. It was a good hour's work for 3-year veterans on the other
type-setting machines to do. We have 3 cubs. The dean of the trio is a
school youth of 18. Yesterday morning he had been an apprentice on the
machine 16 working days (8-hour days); and we speeded him to see what he
could do in an hour. In the hour he set 5,900 ems solid nonpareil, and
the machine perfectly spaced and justified it, and of course distributed
the like amount in the same hour. Considering that a good fair
compositor sets 700 and distributes 700 in the one hour, this boy did
the work of about 8 x a compositors in that hour. This fact sends all
other type-setting machines a thousand miles to the rear, and the best
of them will never be heard of again after we publicly exhibit in New
York.

We shall put on 3 more cubs. We have one school boy and two compositors,
now,--and we think of putting on a type writer, a stenographer, and
perhaps a shoemaker, to show that no special gifts or training are
required with this machine. We shall train these beginners two or three
months--or until some one of them gets up to 7,000 an hour--then we will
show up in New York and run the machine 24 hours a day 7 days in the
week, for several months--to prove that this is a machine which will
never get out of order or cause delay, and can stand anything an anvil
can stand. You know there is no other typesetting machine that can
run two hours on a stretch without causing trouble and delay with its
incurable caprices.

We own the whole field--every inch of it--and nothing can dislodge us.

Now then, above is my preachment, and here follows the reason and
purpose of it. I want you to run over here, roost over the machine a
week and satisfy yourself, and then go to John P. Jones or to whom you
please, and sell me a hundred thousand dollars' worth of this property
and take ten per cent in cash or the "property" for your trouble--the
latter, if you are wise, because the price I ask is a long way short of
the value.

What I call "property" is this. A small part of my ownership consists of
a royalty of $500 on every machine marketed under the American patents.
My selling-terms