News Projection Corp. v. Trans-Lux Daylight Picture Screen Corp.

25 F.2d 633, 1928 U.S. App. LEXIS 3035
Court of Appeals for the Second Circuit·Decided April 9, 1928·No. Nos. 300-304·Published·Cited by 1 cases

Opinion

MANTON, Circuit Judge.

These five causes were argued as one, and will be considered in one opinion.

Interlocutory decrees have been granted for infringement of claim 3 of the patent granted April 1, 1919, No. 1,299,024, to appellee’s assignor. It is for a machine adapted to project printed stock quotations from tlie ticker tape onto a surface where they will bo visible in enlarged characters for many poisons to see at one time. Claim 3 is relied upon and reads:

“In a stock quotation projector, the combination with a tape guide and means for throwing the images of the printed quotations onto a surface from which they may be read, of a motor mechanism for feeding the tape through the guide, a lever bearing on the tape and an escapement device controlling the motor and adapted to be brought into operation to stop the motor when the tension on the tape increases and raises said lever, whereby the progress of the tape will be in proportion to the rate at which it issues from a ticker mechanism.”

The defense interposed is invalidity, because it is claimed that the prior art discloses the idea of the invention and what the inventor has done was to put together as an aggregation, old elements producing no new result.

The stock ticker functions irregularly in accordance with the sales of the securities on the floor of the stock exchange. This is duo to the period when numerous sales are effected and other times when there is a sluggish progress. The tape advances through the stock ticker at a constantly irregular speed. It appears to be the desire of customers at brokers’ offices, who are watching the quotations, to know them as soon as they aro printed on tlie tape. It must be visible for a short time and pass rapidly as the successive quotations appear. An accumulation of the tape between the stock ticker and the projecting device might fail to give the last quotation as recorded. The necessity of an enlarged image in the use of the projecting machine results in multiplying the quiver and1 tremor imparted to the paper tape by the impact of the printing wheel. It is said that these tremors while not noticeable when the eye reads the tape itself, become unendurable when enlarged. Another factor is avoiding a break in the tape, thus keeping up the continuity of the quotations. Tlie tape is made of weak paper, wide enough to carry the symbols or abbreviations of the stock and its price and the sensitiveness of the paper makes it incapable of strain or severe pull. It also must be translucent to allow the light rays to bo projected therethrough. There is also a fire hazard which must be avoided for the tape is combustible and the lamps required in the projecting machine are of high power and develop heat in the vicinity of the tape.

The means applied for producing a commercially satisfactory device for projecting stock ticker quotations was considered a need in the art, as appears from the efforts made by others. In 1910, Siemens and Halske were granted a British patent No. 13,-985 which would indicate recognition of the problem. That patent, however, does not disclose a mechanical means by which the' tape or paper strip is moved between the projecting lens. The appellants argue that Siemens and Halske invention purposely omitted to show any mechanism for feeding the tape through the projector but say that [634] sufficient was known to persons skilled in such matters, to. provide means for doing this. In other words, that the man skilled in the art could incorporate a tape-feeding mechanism. Heyl-Dia patent, No. 908,668, considered this feature of the problem, and that invention depended upon the use of the motor which operates the ticker as the means for drawing the paper through the projecting device. The tape passed the illuminating area as a taut strip, receiving and reproducing accurately and on an enlarged scale every tremor and vibration imparted to the taut paper by impact of the printing mechanism of the ticker and also every jerky motion of the tape through the ticker. This rendered that machine useless commercially. The principle of the patent in suit provides that one must not only use the motor of the ticker, but a separate motor to draw the paper through the projector and also use a vibration destroying lever bearing on the tape to insure the presence of a slack or loop on the tape so long as the tape-pulling motor is functioning and to force the motor to stop when the tension on the tape increases, and the machine of this inventor was the first capable of successfully projecting stock ticker quotations. The Heyl-Dia combination has no lever bearing on the tape and no escapement device controlling the motor and so adopted to be brought into operation to stop the motor when the tension on the tape increases and raises the lever as provided by the claim in suit. Using the Heyl-Dia in conjunction with the Siemens and Halske does not anticipate the combination which claim 3 provides for. It is not the Heyl-Dia combination machine or device which is used by the appellant. It accepted and used appellee’s device. Bringing together the ticker and the projecting device, with an escapement device controlling the motor, the appellee has a combination which apparently has solved the problem where others have failed.

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News Projection Corp. v. Trans-Lux Daylight Picture Screen Corp., 25 F.2d 633, 1928 U.S. App. LEXIS 3035 (2d Cir. 1928).

25 F.2d 633 (News Projection Corp. v. Trans-Lux Daylight Picture Screen Corp.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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