How are politicians like diapers?
You have to change them both often, and for the same reason.
Edison Electric Light Co.In 1878, Thomas Edison established the Edison Electric Light Company in N.Y. City with a syndicate of leading financiers, including J.P. Morgan and the Vanderbilts, who advanced him $30,000 for research and development. Edison proposed to connect his lights in a parallel circuit by subdividing the current, so that, unlike arc lights, which were connected in a series circuit, the failure of one light bulb would not cause a whole circuit to fail. He patented his electricity distribution system in 1880. The first investor-owned electric utility, Pearl Street Station, New York City, (1882) provided service for the 400 lamps of 85 customers. This company and its technological heritage became a part of General Electric in 1892. |
