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When Padria King
authored the article, "Reginald Fessenden Wins
$60-million Suit Against 'Radio Trust,' in 1928 --
for newspaper tycoon William Randolph Hearst, she
had no idea the "real" inventor and patent
owner of the Wireless Telephone, Nathan
Stubblefield had died a few months earlier in
Murray, Kentucky. 109 /HITECH TODAY'S
PUZZLE? This
Week's
Cover
Dear Editor LookRadio 120
PIXELS 3 columns 3.
Editor's Note
/ AGREEMENT FOR
JUDGMENT FESSENDEN ONCE WON
$406,175 CLICK
FOR PART TWO OF FESSENDEN ARTICLE
4.
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/ More
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- 109 - SMART-DAAF BOYS / PART ONE - Reginald
Fessenden Inventor Wins 1928 Law Suit against Radio
Trust. RCA, AT&T, General Electric,
Westinghouse, Western Electric Company Inc, the
International Radio Telegraph Company, the United
Fruit Company and the Wireless Specialty Appliance
Company. Reprint from Los Angeles Examiner, Oct 14,
1928
As you will see, the article is critical of
the settlement from the so-called Radio Trust,
which included: RCA, AT&T, General Electric,
the Westinghouse Electric and Manufacturing
Company, the Western Electric Company Inc, the
International Radio Telegraph Company, the United
Fruit Company and the wireless Specialty Appliance
Company.
The Radio Trust were forced
to name him as the father of Radio, knocking his
other SMART-DAAF comtempories, (Stubblefield,
Marconi, Tesla, DeForest, Alexandersen, and
Armstrong out of question. The following article
was published in the Boston Sunday Advertiser and
Los Angeles Examiner, 1928. MORE
/ PHOTO IMAGES
1.
Feature Story / Part
One - "1928 Inventor Wins Suit Against 'Radio
Trust."
"Big
Business" -- was defeated by the Aged Expert; Gains
$2,500,000 Decision; Will Continue to work; Likes
cooking and fishing.
NBS Story
Follow
The
Money
Hong
Kong
Triad
/
"Jockey Club"
RadioPlayMusic
NEWTON, Mass, Oct. 13, 1928
(REPRINT) -- Prof. Reginald Aubrey
Fessenden, called the "Father of Modern Radio" has
upset the serenity of Wall Street.
The internationally known
inventor, whose home is at 45 Waban Hill road,
Newton, has forced the so-called Radio Trust to pay
him $2,500,000 in cash, and name him as -- "the
father of
Radio."
In addition, the Boston
physicist and engineer has secured from eight great
corporations acknowledgment of the validity of all
his inventions in the field of wireless
communication.
Thus ends, in so far as
Professor Fessenden is concerned, his suit for
$60,000,000 against the Radio Corporation of
America, The American Telephone & Telegraph
Company, the General Electric Company, the
Westinghouse Electric and Manufacturing Company,
the Western Electric Company Inc, the International
Radio Telegraph Company, the United Fruit Company
and the wireless Specialty Appliance
Company.
Claimed
$60,000,000
At the time of filing his
suit in the United States District Court at Boston
against the above named corporations, nearly three
years ago, Professor Fessenden alleged that by
organization of a monopoly and by restraint of
interstate commerce they had damaged him to the sum
of $20,000,000, and that he was entitled to "Triple
indemnity" under the Sherman Anti-Trust
Law.
Despite the fact that
Professor Fessenden and the defendant corporations
settled their differences on April 4 last, no word
as to the calling off of the suit has been allowed
to reach the general public. Everyone concerned in
the case was enjoined to strict
secrecy.
As a result, however, of
investigations made by the Boston Sun day
Advertiser, there is presented today for the first
time the inside story of how "Big Business" was
given a sound drubbing by a 70-year-old engineering
savant.
Immediately upon receipt of
the "out-of-court" settlement of $2,500,000,
Professor Fessenden went to Bermuda for a long
holiday. It was most pleasing to the defendant
corporations that he had taken himself out of the
reach of inquiring newspaper men. In fact, a
"gentlemen's agreement" provided that there would
be "no publicity" given to the settlement out of
court.
Part
02 /
TOO
MUCH PUBLICITY
Attorney Sherman L. Whipple,
declined to admit that his client had made a
settlement.
Counsel for the Radio Trust,
a brilliant array of legal talent, also proved
uncommunicative regarding the Fessenden suit.
That there already had been
too much publicity concerning the charges made by
Fessenden in his suit for damages, to say nothing
of the large cash settlement that had been made,
was the feeling in high financial
circles.
Of course, Wall Street
did not rejoice in the triumph of the Boston
radio wizard. The heads of certain great banking
institutions and industrial organizations could not
forget that Professor Fessenden was the star
witness for the Federal Trade Commission during its
recent investigation of the trading methods of the
eight companies forming what the Boston inventor
calls the Radio Trust. And it was these same eight
companies that were forced to pay $2,500,000 to
Fessenden.
Most embarrassing to Wall
Street was the unexpected return of Professor
Fessenden from Bermuda to the United States. And
the embarrassment is due to the fact that there
could be no padlocking of his
lips.
The man known as the "Father
of Modern Radio" is one of those individuals who
does not mince words. He is bluff and outspoken.
With him, a spade is a spade.
FIGHTS
FINANCIERS
His contempt for the leaders
of "Big Business" and their methods is well-known.
He has yet to back down in a fight with Wall
Street, of which he has had quite a
few.
When seen at his home in
Newton, Processor Fessenden not only told how he
beat the radio Trust at its own game, but aired his
opinions in general about how "big business" treats
the "Little
Fellow."
"Just how much did
you settle for against the Radio Corporation and
the rest of the organizations listed in your suit
of December, 1925?" he was
asked.
"Exactly $2,5000,000
in cold cash!" -- answered Professor
Fessenden.
There could be no mistaking
the words, which came forth like the coming of a
gun, from a man exceeding six feet two inches in
height and representing 200 pounds muscle and
brawn.
That's quite a bit more than
the Radio Corporation of America and Associates
admit giving you is ...illegible " pursued the
reporter.
likely it is," Professor
Fessenden answered, "but you know I don't want any
publicity about it. In fact, they neve 'to-do' at
all about this court settlement.
My records -- and
their records will show that the trust gave to me
$2,5000,000.
(Illegible) , Mr. Sherman
Whipple you the same thing --- chooses. Yet lawyers
are ticklish about discussing matters, even when
the... (illegible) deal, such as my settlement
represents.
Professor Fessenden
...(illegible)) the radio corporation ...
(illegible) in the following document, which is on
file in the clerk's office of the United States
District Court at Boston:
Reginald A. Fessenden vs. General Electrical
Company et al.
It is agreed that the following entry be
made in the above entitled case: Judgment for the
defendants without costs, it being stipulated,
however, that this judgment is not entered on the
ground of the invalidity of any of the plaintiff's
patents referred to in the declaration or on the
ground that there have been no infringements of
said patents, and further, this judgment shall have
no bearing on the question of validity or
invalidity or of infringement or non-infringement
of said patents.
(Signed) Reginald A. Fessenden, plaintiff:
Boyd B. Jones, attorney for plaintiff; Choate, Hall
& Stewart, Marcus Jenckes, attorneys for the
General Electric Company, the Radio Corporation of
America and the Westinghouse Electric and
Manufacturing Company; Charles M. Thayer, attorney
for the American Telephone and Telegraph Company
and the Western Electric Company, Inc.; Robert G.
Dodge and John L. Warren, attorneys for the United
Fruit Company and the Wireless Specialty Appliance
company.
April 4, 1928.
J. Morton.
Judgment for the defendants without costs,
pursuant to the
agreement.
Attest: John E. Gilman Jr., Deputy Clerk
But triumphing over corporations is nothing
new for Professor Fessenden, for in 1912 he was
awarded $406,175 in the United States District
Court at Boston in a suit against the National
Electric Signalling
Company.
The award was not only the largest ever
given up to that time in Massachusetts, but was
notable in bringing out the history of the Boston
inventor's pioneer work in wireless telegraph and
telephony. Go
To Part Two -
PART
ONE -- 1928
PART
TWO -- 1928
Josie
Cory
Publisher/Editor
TVI Magazine
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109
- SMART-DAAF BOYS / PART ONE - Reginald Fessenden
Inventor Wins 1928 Law Suit against Radio Trust.
RCA, AT&T, General Electric, Westinghouse,
Western Electric Company Inc, the International
Radio Telegraph Company, the United Fruit Company
and the Wireless Specialty Appliance Company.
Reprint from Los Angeles Examiner, Oct 14,
1928
/
Feature
Story / 109ReginaldFessendenWins.htm
/
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