d reap the harvest of millions. It was only sure that at least
one of them would, and the Mergenthaler people were willing to trade
stock for stock with the Paige company in order to insure financial
success for both, whichever won. Clemens, with a faith that never
faltered, declined this offer, a decision that was to cost him
millions.

Winter and spring had gone and summer had come, but still there had
been no financial conclusion with Jones, Mackay, and the other rich
Californians who were to put up the necessary million for the
machine's manufacture. Goodman was spending a large part of his
time traveling back and forth between California and Washington,
trying to keep business going at both ends. Paige spent most of his
time working out improvements for the type-setter, delicate
attachments which complicated its construction more and more.

*****

To Joe T. Goodman, in Washington:

HARTFORD, June 22, '90.

DEAR JOE,--I have been sitting by the machine 2 hours, this afternoon,
and my admiration of it towers higher than ever. There is no sort of
mistake about it, it is the Big Bonanza. In the 2 hours, the time lost
by type-breakage was 3 minutes.

This machine is totally without a rival. Rivalry with it is impossible.
Last Friday, Fred Whitmore (it was the 28th day of his apprenticeship
on the machine) stacked up 49,700 ems of solid nonpareil in 8 hours, and
the type-breaking delay was only 6 minutes for the day.

I claim yet, as I have always claimed, that the machine's market (abroad
and here together,) is today worth $150,000,000 without saying anything
about the doubling and trebling of this sum that will follow within
the life of the patents. Now here is a queer fact: I am one of the
wealthiest grandees in America--one of the Vanderbilt gang, in fact--and
yet if you asked me to lend you a couple of dollars I should have to ask
you to take my note instead.

It makes me cheerful to sit by the machine: come up with Mrs. Goodman
and refresh yourself with a draught of the same.

Ys ever
MARK.

The machine was still breaking the types now and then, and no doubt
Paige was itching to take it to pieces, and only restrained by force
from doing so. He was never thoroughly happy unless he was