W. B. Schwartz, until a few years ago a well known attorney of this city, but now president of the Visible Typewriter company, of Indianapolis, has sold his patent and franchise to the typewriter trust, of New York, for the sum of $50,000 in cash. Mr. Schwartz has also been retained by the trust company as chief mechanical expert, at a handsome salary. He may have to go the New York city to reside, in order to properly discharge his duties in connection with the typewriter enterprise.
The machine which has proven to be such a winner was invented and the patent taken out while Mr. Schwartz was a resident of this city. He has many friends here who will be pleased to learn of his success. – Miner.
“W. B. Schwartz Gets $50,000,” Clay County Enterprise (Brazil, Indiana), 13 July 1899, p. 1, col. 5; digital image, Newspaper Archive (http://www.newspaperarchive.com : accessed 7 March 2014).