Page:The Green Bag (1889–1914), Volume 24.pdf/380

 The Fourth in Greenville fore, of the benefits of the patents do they ac count. Their royalty takes the form of a few cents on every pound of ink producing many thousands of circular-letter copies, or a few cents per quire of paper.

VII The patent owner today, like the owner of any other form of property, may sell, lease or otherwise dispose of all or any part of his "exclusive right." He may dispose of all of it, for use throughout the United States, or only part of it, for use in one or more states. He may grant an unqualified license, or he may grant a license limiting the user to some particular purpose. He may arrange with the manufacturer of one particular line of goods on cer tain terms for the use of the patented article in that line of manufacture. He may arrange with the manufacturer of another line of goods on different terms for the use of the patented article in

345

that line of manufacture. He may fix terms on one basis for the use of the patented article with machines of a certain amount of power. He may fix terms on another basis for the use of the patented article with machines of greater or less amount of power. He may dispose of the patented article on particular terms to customers who under take to use it with machines bought from the patent owner. He may make dif ferent terms, or decline to deal on any terms whatsoever with customers who will not undertake to use the article with machines bought from the patent owner. Owners of other kinds of property may do all these things. There is no reason why the patent owner should not do likewise. For the future of American industry, it is hoped that Congress will not de termine otherwise.

The Fourth in Greenville By DAN C. RULE, JR. UPON the village common, where plays the Greenville band, The eager crowds foregather about the speaker's stand, For the patriots of Greenville, loving Independence Day, Have planned to celebrate it in the good old-fashioned way, And to add a special luster to the glorious celebration, Have requested E. Vesuvius Blue to deliver an oration. The interest is breathless, for according to report, Delivering orations is E. V.'s acknowledged forte; He can make the British Lion look exceedingly forlorn By twisting its imperial tail with democratic scorn. Meanwhile, within his office Vesuvius conned his speech, And made portentous gestures as wide as he could reach, When suddenly, there stood within his little office door A personage of lordly port he'd never seen before,