Business & Finance: Bottled Sunlight

The ever green credulity of the investing public is one of the most astonishing features of American business. Recently, New York State applied for an injunction against the Tomadelli Electronic Light Corporation, to restrain it from selling any more of its stock to the public. The company was formed to promote an alleged invention known as "Bottled Sunlight" (TIME, March 10, SCIENCE). Concretely, this was claimed to consist of a new sort of incandescent bulb which apparently did not need electric current to make it shine. When produced in court, however, sample bulbs...

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