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Excerpt from Suggestions Upon the Sale of Patents
A patent rarely sells itself. - Once in a great while some person hunts up the owner of a patent and buys it but such instances are very rare, so rare as not to be worth taking into account as a reasonable basis of making a sale. It is an observation of undoubted soundness that, as a rule, a patent for even a meritorious invention is without money value unless it be supplemented by energy, perseverance and business tact. It is like a gold mine unworked.
A patent is, in one sense, merely a negation. It simply prevents people in general from doing something. It simply prevents the multitude from making, using and selling the patented improvement.
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