INDIANAPOLIS, July 21. – After exhausting his means in perfecting a visible line typewriter, W. B. Schwartz, an attorney of this city, yesterday called at a bank with a representative of the eastern typewriting machine combination and received $50,000 for his patent. Mr. Schwartz was so nervous when this fortune was shoved at him that he counted but little of it, pushing the bunch back and taking a certificate of deposit. He worked on his patent for several years. The sale to the trust was made yesterday. He is also to be paid $3,000 a year royalty.
“Made Him Nervous,” Fort Wayne Daily Journal Gazette (Fort Wayne, Indiana), 22 July 1899, p. 3, col. 4; digital image, Newspaper Archive (http://www.newspaperarchive.com : accessed 7 March 2014).