the life of Philo T Farnsworth - Early Television Foundation

THE GROWTH OF SPECULATIVE VALUE 103
that some of the interests had been sold he tallied up the
amount the group had spent to date on the television development.
Finding that it was more than double the $25,000 originally
agreed upon, he called the three of us into his office in
the Crocker Building and told us that under the circumstances
he felt that we should now bear our pro rata share of the assessments
for the developments. In fairness we had to agree with
him, and from that time on we put up our portion of the funds
required.
More and more news of what we were doing got
noised
abroad in the San Francisco financial district until practically
all of the investment houses had knowledge of what we were
doing. As a result it was not difficult to find men who were
willing to take a flier in this highly glamorous speculation when
we needed money to meet expenses.