A History of Aeronautics by Evelyn Charles Vivian;William Lockwood Marsh
page 63 of 480 (13%)
page 63 of 480 (13%)
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incidental to the works in progress. For each of which sums of
L100 it is intended and agreed that twelve months after the 1st February next, the several parties subscribing shall receive as an equivalent for the risk to be run the sum of L300 for each of the sums of L100 now subscribed, provided when the time arrives the Patents shall be found to answer the purposes intended. As full and complete success is alone looked to, no moderate or imperfect benefit is to be anticipated, but the work, if it once passes the necessary ordeal, to which inventions of every kind must be first subject, will then be regarded by every one as the most astonishing discovery of modern times; no half success can follow, and therefore the full nature of the risk is immediately ascertained. The intention is to work and prove the Patent by collective instead of individual aid as less hazardous at first end more advantageous in the result for the Inventor, as well as others, by having the interest of several engaged in aiding one common object--the development of a Great Plan. The failure is not feared, yet as perfect success might, by possibility, not ensue, it is necessary to provide for that result, and the parties concerned make it a condition that no return of the subscribed money shall be required, if the Patents shall by any unforeseen circumstances not be capable of being worked at all; against which, the first application of the money subscribed, that of securing the Patents, affords a reasonable security, as no one without solid grounds would think of such an expenditure. It is perfectly needless to state that no risk or responsibility |
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