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De Forest Wireless Telegraphy Tower: Bulletin #1 (1904)Note: This post was recovered from the Sh.org archive.Username: jd755Date: 2019-07-15 04:16:48Reaction Score: 1
At the 1904 World's Fair in Saint Louis, Missouri, American DeForest President Abraham White organized a sweeping and impressive promotion, in order to establish American DeForest as the preeminent radio company in the United States, while at the same time selling lots and lots of stock of dubious value. White would achieve both goals.
Included as part of the company promotion was this four-page bulletin, showcasing the company's radio tower, which had been set up on the Louisiana Purchase Exposition fairgrounds. (The observation tower had originally been built in 1893 at Niagara Falls. However, because ice from the tower kept falling on an adjacent glass-roofed museum, it was declared a nuisance and ordered to be torn down by December 31, 1903. Abraham White purchased the dismantled tower, and had it moved to the Saint Louis fair.) This publication's purple prose -- the bulletin was printed in purple ink -- included statements such as: "It is safe to say that within a year the revenue accruing to the American DeForest Company from this source alone will surprise the most enthusiastic stockholder." However, the surprise awaiting enthusiastic individuals unfortunate enough to have bought American DeForest stock, would be how little revenue the company actually would take in over the next few years from ongoing operations. And notably omitted from this overview of the company's future were its stock fraud and patent infringement lawsuits, and eventual bankruptcy.




