The first boy says, "My dad scribbles a few words on a piece of paper, he calls it a poem, and they give him $50."
The second boy says, "That's nothing. My dad scribbles a few words on a piece of paper, he calls it a song, and they give him $100."
The third boy says, "I got you both beat. My dad scribbles a few words on a piece of paper, calls it a sermon, and it takes eight people to collect all the money!"
Singer's treadle sewing machineIn 1851, Isaac M. Singer of New York City was granted a patent for the first sewing machine with a rocking treadle. Although a sewing machine had already been patented, Singer's sewing machine was revolutionary, having a double treadle. With patent in hand, Isaac set up shop in Boston, Massachusetts and began to manufacture his invention. Even after huge settlements paid to Elias Howe, another sewing machine patent holder, Singer, through business innovations like installment buying, after-sale servicing and trade-in allowances, had the marketplace all sewn up. |
