Word: patents
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Dates: during 1940-1949
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Inventions recently granted patents by the U.S. Patent Office...
...that time, selling real estate was on a social par with selling patent medicine. Suckers were" lured with door prizes of "imported" china and junk jewelry, free lunches and a circus barker's side show. Joe Day revolutionized the business by 1) investigating and advertising his properties in advance; 2) discovering that a one-man side show by a man who knew his business sold more lots than all the free china he could stack...
...days when paunchy Thurman Arnold breezily fired anti-trust suits, like howitzer shells, at U.S. corporations, he reserved a supporting machine-gun drumfire for corporate patent practices. His tracers indicated that many a U.S. corporation used patents to restrain trade, i.e., by mass research to make minor patentable improvements, thereby extending original patents far beyond their 17-year limits. Before Arnold could bring his heavy guns to bear, he was upped to the U.S. Court of Appeals. Many a U.S. businessman relaxed. But from his new vantage point, Justice Arnold last week shook them with another howitzer blast...
With Associate Justices Henry Edgerton and Justin Miller agreeing, he upheld the U.S. Patent Office refusal of a patent to the Teletype Corp., a Bell Telephone subsidiary, for an automatic stock quotation board for brokers' offices. It is designed to replace the present hand-marked board. Ruled Justice Arnold...
...improvements represented a high degree of skill . . . but not invention. Patents . . . are not intended as a reward for a highly skilled scientist who completes the final step in a technique. They are not intended as a reward for the collective achievement of a corporate research organization. To give patents for such routine experimentation ... is to use the patent law ... to create monopolies for corporate organizers instead of men of inventive genius. We are bound to interpret the patent law ... to reward individual and not group achievement...