In the middle of 1869 Edison started a new chapter in his life, moving to New York City. A friend named Franklin L. Pope was working at the Samuel Laws’ Gold Indicator Company, and he allowed Edison to sleep in a room at the company. One day he fixed a broken machine there, and the company gave him a job to manage and improve the printer machines.
Edison soon got involved in some projects related to the telegraph. He founded a firm named Pope, Edison and Co., in partnership with Franklin L. Pope and James Ashley, promoting themselves as makers of electrical devices. This was in October, 1869. The group later merged with the Gold and Stock Telegraph Co. in 1870.
Edison was able to obtain a number of patents for the improvements he made on the stock ticker or the printing telegraph. Gold and Stock surprised Edison one day, with an offer: $ 40,000 for all the improvements he had made on the printing telegraph. This really was a huge sum at the time.
Picture Credit : Google
