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jacquard. Then we will guess that of the 4,000 American factories 2,000
use the jacquard and must have our No. 2.
"You say that a middle-sized Austrian factory employs from 20 to 30
designers and pays them from 800 to 3,000 odd florins a year--(a florin
is 2 francs). Let us call the average wage 1500 florins ($600).
"
Let us apply these figures (the low wages too) to the 2,000 American
factories--with this difference, to guard against over-guessing; that
instead of allowing for 20 to 30 designers to a middle-sized factory, we
allow only an average of 10 to each of the 2,000 factories--a total of
2
0,000 designers. Wages at $600, a total of $12,000,000. Let us consider
that No. 2 will reduce this expense to $2,000,000 a year. The saving
is $5,000,000 per each of the $200,000,000 of capital employed in the
jacquard business over there.
"Let us consider that in the countries covered by this patent, an
aggregate of $1,500,000,000 of capital is employed in factories
requiring No. 2.
"
The saving (as above) is $75,000,000 a year. The Company holding in its
grip all these patents would collar $50,000,000 of that, as its share.
Possibly more.
"
Competition would be at an end in the Jacquard business, on this
planet. Price-cutting would end. Fluctuations in values would cease. The
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