US Patent: 1,095,223
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| Woodworking-machines
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Patentee:
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| Daniel M. Rose (exact or similar names) - Knoxville, TN |
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Patent Dates:
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| Applied: |
Jul. 15, 1912 |
| Granted: |
May 05, 1914 |
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Jeff Joslin
Vintage Machinery entry for Ty-Sa-Man Machine Co.
Vintage Machinery entry for S. A. Woods Machine Co.
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Description: |
| We know the manufacturing history of this patent due to a US Board of Tax Appeals proceeding from 1931, following the death of the inventor in 1926, who had also been co-owner of a long-time Knoxville lumber supplier. He invented this end matcher and arranged to have in manufactured by Ty-Sa-Man Company. The inventor retained ownership of the patent and patterns. In 1924 he assigned a 1/6 shares of this business to his each wife and three children, keeping the remaining 1/3 share for himself. After he died the patent and business were sold to S. A. Woods Machine Co. in exchange for $12,000 plus a royalty on machines sold. The Board of Tax Appeals ruled, in a split decision, that Rose may have completed paperwork assigning most of the ownership to his family members, and they paid income tax on it, but in reality he maintained full ownership and control, and the taxes were owed by him. |
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