the life of Philo T Farnsworth - Early Television Foundation

DEFENSE OF THE PATENT DEPARTMENT 219
secure the maximum return from our licensing program we
must have a proving-out field for the use of our patents in a
production plant.
It would be tedious to recount the months
and months of effort that were put in by all of us to find a
satisfactory solution to this problem.
with several of the foremost companies in the radio, electrical,
There were discussions
and motion-picture field concerning licenses for the exploitation
of television. Other companies and individuals explored
with us proposals for financing and launching the company in
various commercial fields. Some were alluring, others seemed
sound, but we could not come to a wholly practical plan for any
of them.
It was a source of amazement and great satisfaction to me
and the
to observe the patience and abilities exerted by Hugh
associates of Kuhn, Loeb & Company to find a solution. At no
time was there any talk of a grandiose structure that might come
from the imagination of a scenario writer for a popular motion
picture.
We were faced with the job of conserving and exploiting
a million-dollar investment in research work and any
further inventive products that might come from the fertile
mind of Farnsworth. The cross-licensing agreement with
American Telephone and Telegraph Company had given us a
strong trading position. The publicizing of Farnsworth's efforts
in this country and abroad had made the Farnsworth name a
was the decision to
valuable asset.
The final result of months of study and discussion concerning
the future course of the company
employ an outstanding leader in the radio manufacturing and
distribution business to head up
a radio and television manufacturing
company. This company would be prepared to put
on the market a complete line of television and radio receiver
sets, as well as to be in position to supply transmitters for