-Caveat Lector-
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>From: William Hugh Tunstall <[EMAIL PROTECTED]>
>To: [EMAIL PROTECTED]
>Subject: [CTRL] GE's greed
>Date: Wed, Jun 16, 1999, 5:35 PM
>
> -Caveat Lector-
>
> ---------- Forwarded message -------
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> Citation: Washington Monthly March 1999, v.31, 3, 52(1)
> Author: Mintz, Morton
> Title: GE's Greed.(Review) reviewed by Morton Mintz
> ------------------------------------------------------------------------
> COPYRIGHT 1999 Washington Monthly Company
> From its beginnings in 1889, GE's glory was research and development for the
> long term. Lord, how it paid off--for the country, not just GE! Its R&D, well
> funded, done by great, respected--and trusted--scientists and engineers,
> produced a cascade of enduring, diverse inventions, four being "the first
> moving picture with talking sound, the first jet engine, the first synthetic
> diamond--and the first Children's Silly Putty."
General Electric was originally Edison Electric. Edison sold his shares
to finance a project in which he lost over a million dollars. He was trying
to extract iron from rocks by crushing them and passing electromagnets over
them. Just when it became profitable low cost iron was discovered in
Minnesota. He then went on to concrete development and then on to the
development of motion pictures. He was the first to develop moving pictures
with sound, though GE may have produced the system used later in 1929 when
it became practical.
Howard Davis
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