Lists (None yet)

Login to create lists

Tagged (None yet)

Add Tags

Comments (None yet)

Add New Comment

No corrections yet

No Faith In Tyre Invention

John Boyd Dunlop, inventor of the pneumatic tyre, had little faith in the commercial future of his invention*

This extraordinary fact is revealed by Sir Arthur du Cros in his book, 'Wheels Of Fortune,' which has just been published. 'I do not think my pneumatic . tyre will ever be a commercial success,' he wrote to Harvey du Cros, managing director of the original Dunlop Co. 'But I am at work on something that will be— a spring frame bicycle.' In attempting to produce a spring frame bicycle, Dunlop anticipated modern motor cycle practice by nearly 40 years. . HALF-FORTUNE LOST Sir Arthur du Cros shows that the popular rumor that Dunlop made little profit out of the pneumatic tyre is not true. , ? ' In the original Pneumatic Tyre Co., formed to exploit his inven tion, Dunlop received 3;060 shares, representing 20 per cent of the capital, and £500 in cash. Rather more than six years later the, company was sold fot=ia£3,000,000 cash, a condition of sale beiB&ifflat4friginal shareholders should have the prior right of acquiring shires in -the new company. , - .;; Had Dunlop retained his original 3,000 shares, he would have- received £300,000, But Dunlop had already disposed of half of these. Still he acknowledged that he benefited to the extent of Over £100,000. Before leaving on a motor tour, be sure the car carries, its full complement Of tools.

Zoom

plus
thumb
minus
left
thumb
right
up
thumb
down