INVENTOR IN POORHOUSE.
Paige Once Had $1,500,000 - Typesetting Machine Failed.
CHICAGO, March 6. - James W. Paige, inventor of "one of the most remarkable pieces of mechanism ever put together," is in the poor house today at Oak Forest. Twenty-five years ago he was the owner of the Paige plant here for the making of typesetting machines. Nearly $2,000,000 was invested in the plant. Mr. Paige was reputed to be worth $1,500,000 at that time. Mark Twain was one of the investors.
In the panic of 1893 Mr. Paige lost his money. His invention, although a mechanical marvel, proved impractical and needed further development, which never came. Mr. Paige then disappeared.
Mr. Paige's name was written into the Encyclopaedia Britannica and his invention was then described as "most remarkable."
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