the life of Philo T Farnsworth - Early Television Foundation

PHIL AND HIS FAMILY 173
several times to see me regarding the possibility of raising funds
to finance a foundation to endow research work to adapt the
Farnsworth inventions to X-ray and therapeutic use. This doctor's
particular field was roentgenology, and he felt that such
a foundation could contribute much to the welfare of mankind.
Many of the Farnsworth inventions may eventually
find use in
this field. It is a matter of providing the funds to finance patient
and painstaking developments.
About two years after the death of Kenneth, Russell Seymour
was born. This boy and Philo, Jr.,
the older son, have been
encouraged in original thinking and experimental work by their
father and mother. They were roistering, healthy youngsters.
When Phil and Pem first went to Philadelphia, they moved
into a two-story brick house of the old Philadelphia style,
built
close to the next one, which was just
like it. It had a deep but
narrow and quite pleasant back yard.
When the laboratory was moved from the Philco plant and
established in the Chestnut Hill section,
Phil took a house
near by.
It was a large, commodious, and altogether pleasant
house located in a fine residential district. It had the advantage
of a good lawn and a spacious garden and grass plot
in the rear.
It was during this period of the middle 1930'$ that the trading
value of the Farnsworth stock had its biggest rise. The paper
value of Phil's holdings went well over the million-dollar mark.
This value was largely created by
the limited stock available
for sale and the constant newspaper and magazine publicity
regarding television. That this market value was quite fictitious
could easily have been demonstrated if
any large amount of
the stock had been put up for sale.
The Farnsworths took advantage of this favorable financial
situation to expand their mode of living somewhat. Phil bought
a Packard car for himself and a coupe of the same make for