APPENDIX
THE STOCK PRINTER Edison, His Life and Inventions, vol. 2 | ||
1. APPENDIX
THE STOCK PRINTER
IN these modern days, when the Stock Ticker is in universal use, one seldom, if ever, hears the name of Edison coupled with the little instrument whose chatterings have such tremendous import to the whole world. It is of much interest, however, to remember the fact that it was by reason of his notable work in connection with this device that he first became known as an inventor. Indeed, it was through the intrinsic merits of his improvements in stock tickers that he made his real entrée into commercial life.
The idea of the ticker did not originate with Edison, as we have already seen in Chapter VII of the preceding narrative, but at the time of his employment with the Western Union, in Boston, in 1868, the crudities of the earlier forms made an impression on his practical mind, and he got out an improved instrument of his own, which he introduced in Boston through the aid of a professional promoter. Edison, then only twenty-one, had less business experience than the promoter, through whose manipulation he soon lost his financial interest in this early ticker enterprise. The narrative tells of his coming to New York in 1869, and immediately plunging into the business of gold and stock reporting. It was at this period that his real work on stock printers commenced, first individually, and later as a co-worker with F. L. Pope. This inventive period extended over a number of years, during which time he took out forty-six patents on
Edison's inventive work on stock printers has left its mark upon the art as it exists at the present time. In his earlier work he directed his attention to the employment of a single-circuit system, in which only one wire was required, the two operations of setting the type-wheels and of printing being controlled by separate electromagnets which were actuated through polarized relays, as occasion required, one polarity energizing the electromagnet controlling the type-wheels, and the opposite polarity energizing the electromagnet controlling the printing. Later on, however, he changed over to a two-wire circuit, such as shown in Fig. 2 of this article in connection with the universal stock printer. In the earliest days of the stock printer, Edison realized the vital commercial importance of having all instruments recording precisely alike at the same moment, and it was he who first devised (in 1869) the "unison stop,'' by means of which all connected instruments could at any moment be brought to zero from the central transmitting station, and thus be made to work in correspondence with the central instrument and with one another. He also originated the idea of using only one inking-pad and shifting it from side to side to ink the type-wheels. It was also in Edison's stock printer that the principle of shifting type-wheels was first employed. Hence it will be seen that, as in many other arts, he made a lasting impression in this one by the intrinsic merits of the improvements resulting from his work therein.
We shall not attempt to digest the forty-six patents above named, nor to follow Edison through the progressive steps which led to the completion of his universal printer, but shall simply present a sketch of the instrument itself, and follow with a very brief and general explanation of its theory. The Edison universal printer, as it virtually appears in
The electromagnets and other actuating mechanism cannot be seen plainly in this figure, but are produced diagrammatically in Fig. 2, and somewhat enlarged for convenience of explanation.
FIG. 1
[Description:
Drawing of the Edison universal printer.
]
FIG. 2
[Description: Diagram of electromagents and mechanism
that drive the Edison universal printer.]
The worm-gear which appears in the diagram on the shaft, near the toothed wheel, forms part of the unison stop above referred to, but this device is not shown in full, in order to avoid unnecessary complications of the drawing.
At the right-hand side of the diagram (Fig. 2) is shown a portion of the transmitting apparatus at a central office. Generally speaking, this consists of a motor-driven cylinder having metallic pins placed at intervals, and arranged spirally, around its periphery. These pins correspond in number to the characters on the type-wheels. A keyboard (not shown) is arranged above the cylinder, having keys lettered and numbered corresponding to the letters and figures on the type-wheels. Upon depressing any one of these keys the motion of the cylinder is arrested when one of its pins is caught and held by the depressed key. When the key is released the cylinder continues in motion. Hence, it is evident that the revolution of the cylinder may be interrupted as often as desired by manipulation of the various keys in transmitting the letters and figures which are to be recorded by the printing instrument. The method of transmission will presently appear.
In the sketch (Fig. 2) there will be seen, mounted upon the cylinder shaft, two wheels made up of metallic segments insulated from each other, and upon the hubs of these wheels are two brushes which connect with the main battery. Resting upon the periphery of these two segmental wheels there are two brushes to which are connected the wires which carry the battery current to the type-magnet and press-magnet, respectively, as the brushes make circuit by coming in contact with the metallic segments. It will be remembered that upon the cylinder there are as many pins as there are characters on the type-wheels of the ticker, and one of the segmental wheels, W, has a like number of metallic segments, while upon the other wheel, W', there are only one-half that number. The wheel W controls the supply of current to the press-magnet, and the wheel W' to the type-magnet. The type-magnet advances the letter and figure wheels one step when the magnet is energized, and a succeeding step when the circuit is broken. Hence, the metallic contact surfaces on wheel W' are, as stated, only half as many as on the wheel W, which controls the press-magnet.
It should be borne in mind, however, that the contact surfaces and insulated surfaces on wheel W' are together equal in number to the characters on the type-wheels, but the retractile spring of TM does half the work of operating the escapement. On the other hand, the wheel W has the full number of contact surfaces, because it must provide for the operative closure of the press-magnet circuit whether the brush B' is in engagement with a metallic segment or an insulated segment of the wheel W'. As the cylinder revolves, the wheels are carried around with its shaft and current impulses flow through the wires to the magnets as the brushes make contact with the metallic segments of these wheels.
One example will be sufficient to convey to the reader an idea of the operation of the apparatus. Assuming, for instance, that it is desired to send out the letters AM to the printer, let us suppose that the pin corresponding to the letter A is at one end of the cylinder and near the upper part of its periphery, and that the letter M is about the centre of the cylinder and near the lower part of its periphery. The operator at the keyboard would depress the letter A, whereupon the cylinder would in its revolution bring the first-named pin against the key. During the rotation of the cylinder a current would pass through wheel W' and actuate TM, drawing down the armature and operating the escapement, which would bring the type-wheel to a point where the letter A would be central as regards the paper tape When the cylinder came to rest, current would flow through the brush of wheel W to PM, and its armature would be attracted, causing the platen to be lifted and thus bringing the paper tape in contact with the type-wheel and printing the letter A. The operator next sends the letter M by depressing the appropriate key. On account of the position of the corresponding pin, the cylinder would make nearly half a revolution before bringing the pin to the key. During this half revolution the segmental wheels have also been turning, and the brushes have transmitted a number of current impulses to TM, which have caused it to operate the escapement a corresponding number of times, thus turning the type-wheels around to the letter M. When the cylinder stops, current once more goes to the press-magnet, and the
NOTE.—The illustrations in this article are reproduced from American Telegraphy and Encyclopedia of the Telegraph, by William Maver, Jr., by permission of Maver Publishing Company, New York.
APPENDIX
THE STOCK PRINTER Edison, His Life and Inventions, vol. 2 | ||