On this day in 1851, Isaac Singer was granted a patent for his sewing machine. Many others, including Walter Hunt and Elias Howe, had patented sewing machines before Singer, but his success was based on the practicality of his machine, the ease with which it could be adapted to home use and its availability on an installments payment basis.
Singer died in 1875, dividing his $13 million fortune unequally among 20 of his living children by his wives and various mistresses, although one son, who had supported his mother in her divorce case against Singer, received only $500. Altogether, he fathered 26 children by five different women.
In 1856, manufacturers Grover & Baker, Singer, Wheeler & Wilson, all accusing each other of patent infringement, met to pursue their suits. Orlando B. Potter, a lawyer and president of the Grover and Baker Company, proposed that, rather than squander their profits on litigation, they pool their patents. This was the first patent pool, a process which enables the production of complicated machines without legal battles over patent rights. They agreed to form the Sewing Machine Combination.
Up to then, sewing machines had been industrial machines, made for garments, shoes, bridles and for tailors, but in 1856, smaller machines began to be marketed for home use. However, at the then enormous price of over $100 ($4,094.82 in 2024 USD), few sold. Singer invested heavily in mass production utilizing the concept of interchangeable parts developed by Samuel Colt and Eli Whitney for their firearms. He was able to cut the price in half, while at the same time increasing his profit margin by 530%. Singer was the first who put a family machine, “the turtle back”, on the market. Eventually, the price came down to $10(about $404.23 in 2024 USD) According to PBS, “His partner, Edward Cabot Clark, pioneered installment purchasing plans and accepted trade-ins, causing sales to soar.”
Singer in 1869
A fleeting moment of self-awareness…
Combo business…
If you remember…
Today is the birthday, in 1949, of Mark Knopfler British songwriter, guitarist, singer with Dire Straits who had the 1985 US No.1 single ‘Money For Nothing’, the 1986 UK No.2 single ‘Walk Of Life’, and the 1985 world-wide No.1 album Brothers In Arms. Knopfler has recorded and performed with many prominent musicians, including Chet Atkins, Eric Clapton, Bob Dylan, Bryan Ferry, Emmylou Harris, Van Morrison, Steely Dan, Sting, and James Taylor. https://www.youtube.com/watch?v=kd9TlGDZGkI
