|Clement Coleridge Clawson|
|1883 Ad for the Clawson Automatic Weighing and Filling Machine Co.|
In a later interview with the New York Evening Telegram, Clawson told the paper that the key to his financial success was to first invent and then manufacture his own machines - to not rely on outside investors who invariably reap most of the rewards. He certainly took his own advice, being the first to invent coin operated vending machines for items such as pencils or gum, a fortune telling machine, and most notably the gambling slot machine. Machines were manufactured in Newark at a plant ostensibly owned and managed by Henry Clawson, and then sold at a set price to Clement.
Sounds like a good setup - until you realize that father Henry had practically no role in any part of the business other than having his name on the books.