Typo: A Monthly Newspaper and Literary Review, Volume 4
Mr J. Passmore Edwards has promised £20,000 towards the erection and endowment of the Bethnal Green Free Library, the sole conditions being that the institute be erected in a central and convenient position, and be free to the public.
In an article on inventions, the American Engineer strongly advises inventors to dispose of their rights while the patent is still fresh from the office. It says: « Let inventors remember, for their own good, that an undeveloped unmarketed invention is of no more value than the paper the patent is written on. It has possibilities, no doubt, but these last are intangible, and before they can be converted into dollars and cents another head must be called in, and as his risks are greater than the inventor's, he must have an adequate reward. Every patent of any prospective value, even, has to be litigated sooner or later, and this costs money; its value is not established until the absolute priority of the patent is settled ».