CALDWELL MACHINE GUN CO.
Tho Caldwell Machine Gun Company's invention of a quick-firing machine gun was recently sent to London in charge of Captain C. H. Moss and the inventor (Mr. T. F. Caldwell). The directors have now received information from their represen- tatives and Messrs. Light and Fulton, soli- citors to the company in London, that the gun has been sold, subject to certain condi- tions, for £55,000 in cash, £4 per gun royalty on all guns manufactured in Great Britain, and 10 per cent. of the considera- tion received from the sale of foreign rights or licenses. The manufacturers are now completing a new gun under the super- vision of Mr. Caldwell, whose services have been taken over at £1,000 per annum. The
new gun will shortly be submitted to the Admiralty.