Sunday, April 16, 2017
1930 wisdom
A fine piece of wisdom from Radio Industries mag, written JUST after the 1929 crash.
Pulling out some of the text:
Was this an early version of an LCD screen? Turns out that it wasn't. Patent 1800760 describes the device. It's clearly a radio version of the Gray Telautograph, which I covered and animated here. Instead of writing on paper, the two-axis plotter was writing on ground glass, probably like an Etch-A-Sketch.
Pulling out some of the text:
Many radio companies found it profitable to indulge in the gentle pastime of issuing stock. Indeed, in many instances the radio business proved more or less a secondary consideration, with the ... executives mainly interested in how the stock fared. ... From now on, at least until the public has a chance to forget, a radio company must make its money out of earnings. Whatever its capital may be, it will have to get along as best it can. And personally, we think it a good thing. If the officials of any radio company will concentrate on the basic problem of making profits, it will be a happier day for themselves, their stockholders, their sales reps and the public.This was written for the trade, not aimed mainly at the public. Corporations were TRYING to learn the basic lesson of Real Value Economics. Do we ever see such attempts now? No. Crash after crash, the only thing we hear from all corporations and their media is DO NOT LEARN! LEARNING IS VERBOTEN! BUY THE DIP! BUY BUY BUY! = = = = = Another intriguing item in the same magazine:
Was this an early version of an LCD screen? Turns out that it wasn't. Patent 1800760 describes the device. It's clearly a radio version of the Gray Telautograph, which I covered and animated here. Instead of writing on paper, the two-axis plotter was writing on ground glass, probably like an Etch-A-Sketch.Labels: #DeplorableLivesMatter, 1901, skill-estate
¶ 5:15 PM
