When Edison first arrived in New York, he had no choice but to seek refuge with his friend Pope, who worked at Loews Company. But there was no vacancy at Loews Company at this time. As a good friend, Pope had no choice but to take Edison in and sleep in a cellar at Loews Company headquarters until he found a job. In this way, Edison could take the opportunity to become familiar with Lowes' equipment.
This company is a financial services organization founded several years ago by Dr. Lowes, vice president and executive officer of the New York Gold Exchange. Here, Los created a central transmitter, using the method used in stock trading, connected to each broker's office through wires, so that the transmission of gold information would reach the hands of traders in a timely manner. With hundreds of users, the Loews system is quite complex.
Edison stayed at Loews Company. Whenever the company was off work, Edison would visit every corner of the headquarters. Soon, he mastered every detail of the Los system.
Once, the company suddenly had a transmitter shutdown accident. Correspondents from dozens of brokers' firms crowded in Los's office, complaining that the line should be disconnected and demanding that it be repaired immediately. Edison happened to be present at this time. He walked to the machine and found that a spring had broken and two gears were stuck. A few seconds later, Dr. Ross arrived in person, followed by Chief Engineer Pope, but in the chaos, both of them seemed helpless. Then, Edison told Ross that he had discovered a problem with the machine, and Ross asked him to repair it immediately. Edison removed the spring and turned the gear to zero. Two hours later, the machine started running again.
Edison was summoned by Dr. Lose and was questioned in detail about his knowledge of this machine. After hearing his answer, Ross immediately decided to hire him and asked him to report the next day. The next day, Edison came as requested and was authorized to assist Pope in his work. A month later, Pope resigned from the company to form his own electrical engineering consultancy. Edison succeeded him and earned an unusually high salary of $300 per month.
But soon, Lowes Company was absorbed by Western Union, so Edison resigned from the company and started a business in partnership with Pope and Ashley.
While undertaking the business of the firm, Edison perfected a new type of "gold quotation printing press" in the process of designing his universal stock information printing press. He therefore organized a service office and rented machines to subscribers for $25 per week. This was a challenge for Western Union, so naturally the company couldn't wait to bid for the service. Edison earned his first big money from this - US$5,000, which was due to his 1/3 equity in this asset.
With $5,000, Edison established his own company without being influenced by others, and opened a factory at 10 Ward Street in Newark to produce stock intelligence receivers and other products. Production of equipment.
The establishment of the Nivak Factory gave Edison a place in the East Coast's rapidly developing, wildly competitive, and unscrupulous industrial and commercial circles to seek huge profits. Despite his achievements, Edison never forgot that his duty was to invent something useful to society. Therefore, one of the first projects he started in Newark was an automatic telegraph machine. After the success of the research, he sold the system to the British Post and Telegraph Office.
Once this project was completed, Edison went back to experimenting with his multi-channel telegraph technology. This thought had occupied his mind ever since he started working as a radio operator. Enthusiastic about this research, he had begun developing a multi-channel telegraph for Western Union that was patented by the company. In early 1873, Edison seemed to have reached a tacit agreement with Western Union. Edison would sell his patents to the company, and the company would acquire them at a price agreed upon by both parties.
It was with this business connection that Edison used his wisdom and talent to create new inventions at the Nivak Factory. Through Western Union, they flowed to those who needed them and also tested them. their society. At the same time, Edison's name was also widely circulated.
Later, Edison improved Bell's telephone and invented a more practical carbon-resistance microphone, and applied for a patent in April 1877. As a result, the two companies Edison and Bell launched a fierce competition that lasted for three years. Although the competition resulted in the merger of the two companies into the United Telephone Company, Edison's name began to become extraordinary.