Note 2 — WHO, OF ALL INVENTORS, MADE BREAD CHEAP (continued 2)

"The sale has since steadily increased, and is now more than a thousand yearly." This was written in 1851, and by a little calculation, we can readily estimate the "yearly" profits. In the Circuit Court of the United States, at Albany, in the suit brought by C. H. McCormick against Seymour & Morgan, in 1850, for an alleged infringement of patent, it was proved on the oath of O. H. Dormon, his partner, and also on the oath of H. A. Blakesley, their clerk, that these Reapers only cost $36 to $37 to manufacture. By the same evidence, the sales averaged from $110 to $120 each machine; leaving a clear profit of at least $73. C. H. McCormick first received a patent fee of $30 on each machine, then three-fourths of the remainder in the division of profits. It would thus appear, if these figures are correct—and they are all sworn to—that C. H. McCormick realized full fifty thousand dollars clear profit annually, with a margin of eight to ten thousand dollars for commissions and bad debts in addition.