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Keelys Secret Demanded

KEELY’S SECRET DEMANDED.
THE STOCKHOLDERS OF THE MOTOR COMPANY WANT TO KNOW SOMETHING.


PHILADELPHIA, Dec. 14.-A meeting of the Keely motor stockholders was held today at the office of the company, No. 913 Walnut-street. The Treasurer's report showed that $20,120.01 had been received during the year, and $20,105.53 paid out, leaving a cash balance or $10.48 to the treasury. The assets consisted of 12,000 shores of Keely motor stock, 3,000 shares or stock of the Keely Motor Company of Mexico, and the $10.48 In the treasury, while there was due to J. W. Keely for salary $2,500; to the janitor, $17, and on loans $1,003.75. Mr. Enos T. Throop, or New-York, read a long report, in which he gave a history of the motor, and made what he called "a statement of some facts and inferences therefrom." 'The stockholders, he said, had implicit faith in the merits of Mr. Keely’s invention, and had no doubt of its great money value, but they complained that the inventor was unreasonably secretive of the principles and methods of working his apparatus. 'The ''generator", he had assured them, was perfect a year ago: the "multiplicator" was also perfect now, and they considered their demand that the secrets of the machinery should be given them to be perfectly fair and reasonable. They recommended that some intelligent and trustworthy person should be taken into the inventor's confidence and thoroughly taught the handling of the machinery, so that in the case of accident they would not be wholly without a clue to the invention. The report complains at length of Keely's non-communicativenesss and says: "It has been the experience of every one brought into relation with him during the past ten years that any attempt at a serious investigation of his operations as been met on his part with deception and misrepresentation. It is only in general conversation, when his suspicion is not aroused, and in the exhibition of results, that we have been able to satisfy ourselves of the investigations."

In conclusion, the report says: "He has already six or seven phenomena in course of construction, dividing his time between them and those grander fields in the future which are continually opening before his inventive mind. This one thought has absorbed his whole being, and every other wish is swallowed up in it. It is a serious duty we owe to him, to say nothing of ourselves, to use all the means in our power to protect this man from himself. It remains with Mr. Keely to decide whether an honorable adjustment of present difficulties shall be made with the company, or that our successors must push the issue in a court of equity. If the last alternative is forced upon his friends, the consequence of his own folly must fall upon him who will not be governed by the common honesty recognized as the basis of all contracts." The report was adopted, with four dissenting votes, and a series of resolutions expressing confidence in Mr. Keely was passed, with only one vote in the negative. [The New York Times Published December 15, 1881 Copyright @ The NEW York Times]

See Also


A Keely Motor Tested
A New Keely Motor Raid
A Rival to the Keely Motor
A Visit to Mr Keely - Astounding Performance of the Keely Motor
Affairs of the Keely Motor Company
Disgusted Keely Motor Men
Expressing Confidence in Keelys Motor
Keely
Keely and his Motor
Keely Chronology
Keely Motor
Keely Motor Company
Keely motor stock
Keely Spinning Motor
Keelys Alleged Motor
Keelys Motor
Keelys Motor in Boston
Kinraide Will Work on Keelys Motor
Motor Keely Gets Angry
Mrs. Moore on the Keely Motor
The Keely Motor
The Keely Motor - Arizona Weekly Journal-Miner
The Keely Motor - Feats of Which it is Capable
The Keely Motor - It is not a New Discovery
The Keely Motor - What is Claimed for it
The Keely Motor Again
The Keely Motor Bubble
The Keely Motor Company
The Keely Motor Completed
The Keely Motor Craze
The Keely Motor Experts
The Keely Motor Fight
The Keely Motor Humbug
The Keely Motor Secret
The Keely Motor2
Victor Hansen
19.05 - Excerpts from original Articles about Keelys Globe Motor or Musical Sphere
19.05.05 - New York Times - Keely Motor Humbug
19.05.06 - New York Times - Keely Spinning Motor
19.05.07 - The Tribune - The Keely Motor Craze
19.07 - A Modern Wizard The Keely Motor And Its Inventor

Created by dale. Last Modification: Monday September 23, 2019 07:13:32 MDT by dale.