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.
Polistra was named after the original townsite of Manhattan (the one in Kansas). When I was growing up in Manhattan, I spent a lot of time exploring by foot, bike, and car. I discovered the ruins of an old mill along Wildcat Creek, and decided (inaccurately) that it was the remains of the original site of Polistra. Accurate or not, I've always liked the name, with its echoes of Poland (an under-appreciated friend of freedom) and stars. ==== The title icon is explained here. ==== Switchover: This 2007 entry marks a sharp change in worldview from neocon to pure populist. ===== The long illustrated story of Polistra's Dream is a time-travel fable, attempting to answer the dangerous revision of New Deal history propagated by Amity Shlaes. The Dream has 8 episodes, linked in a chain from the first. This entry explains the Shlaes connection.