It was in February 1902, in an attorney's office in Newark for the reading of the will, that prolific inventor and entrepreneur Clement Coleridge Clawson first learned how his widowed stepmother Aurelia had "capitalized" on his good nature, reaching out from the beyond to cheat him out of his father's inheritance.
Henry T. Clawson and his only child Clement began their business partnership in their native North Carolina in the 1870s. The elder Clawson had manufactured tools and implements for the Confederacy during the Civil War - but it was his son's inventive prowess that brought the business to a whole new level.
15 March 1872 Raleigh News |
1883 Ad for the Clawson Automatic Weighing and Filling Machine Co. (Collection of Gillette on Hillsborough) |
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.
More tomorrow...
More tomorrow...
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