History of the Medallic Art Company
Soon, though, Charles Deitsch became deathly ill, and Hewitt encouraged Henri to buy the engraving business from the Deitsch Brothers, and Felix supported the idea.
Edward Deitsch, who knew nothing of the engraving business, offered Henri a 49% stake in the business, keeping 51% for himself. The offer was declined.
After considerable negotiations, the Weil Brothers thought they had succeeded in purchasing all the equipment and assets pertaining to Medallic Art Company.
As it turned out, Edward Dietch had transferred all of Henri’s dies and all rights of reproduction to the J.K. Davisons company in Philadelphia, leaving the Weils with only the equipment, and essentially setting up the Davisons as direct competitors.
Even worse, after the Weils began operating as Medallic Art Company, Deitsch sent an attorney with a “cease and desist” order, claiming that the Weils had not purchased the Medallic Art name, only the equipment. It would cost them another $1,000 to get the name back.