Business & Finance: Televisionary Assets

Jenkins Television Corp. was announced last winter (TIME, Dec. 17), as a $10,000,000 company with Anthony Joseph Drexel Biddle Jr. as a director. Last week it reported on its first four months of corporate life. Scanners of its balance sheet were somewhat puzzled to account for the ten million dollar estimate of size. The company had $186,000 cash on hand and in banks, $350,000 in the call loan market, some $78,000 in fixed assets. Of its $9,509,866.44 total assets, no less than $8,892,604.89 consisted of book value of patents and patent rights.

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