The Check That DC Comics Used To Buy Superman from Jerry Seigel & Joe Schuster

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IrishJedi

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From BleedingCool.com comes an interesting bit of comic book history:

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On May 24 1626, Peter Minuet bought an island for $24 worth of goods. _That island later became known as Manhattan.

On December 19, 1919, the New York Yankees bought a baseball player from the cash-strapped Boston Red Sox. _That player was Babe Ruth.

On March 1 1938, DC Comics gave two young men from Cleveland $130 for the rights to a comic character named Superman. _That $130 check essentially created a billion dollar industry and set in motion nearly 70 years of legal battles that continue to this day.

Much has been made of the original 1938 $130 payment to Jerome Siegel and Joe Shuster. _Did DC Comics take advantage of two eager young men looking for their big break in the comic business or was this unequivocally fair business practice between comic book writers and publishers in a 1938 America? _ _Whatever you believe, the $130 check is the quintessential symbol of this debate for the ages.

But what ever happened to the check? _The consensus has always been that this 1938 check had been simply lost to time. _Thrown out by some DC employee without a second thought. Or so it had been thought. . . .
The check exists!

This March 1, 1938 Detective Comics check, signed by Jack Liebowitz is made payable to Jerome Seigel and Joe Schuster. _(You would think that the payment for a character as important as Superman, DC would have spelled Siegel and Shuster’s name correctly!) _The check, in the amount of $412, includes an accounting of the items being paid for. _At the very top _is “Superman $130,” _ Next is the payment for the June 1938 Detective Comics at $210. Following that are payments of $36 each for Adventure Comics and More Fun. _It would also appear that DC Comics used this check as evidence in their 1939 lawsuit against Victor Fox, given the fact that the evidence stamp from this case is clearly visible on the reverse of the check, as are the actual endorsement signatures of Siegel and Shuster themselves.

The final clincher is that the check exactly matches the signed agreement between DC and Siegel and Shuster, which transfers to DC “exclusive right to the use of Superman “in consideration of $130.” The date of this agreement is March 1, 1938. The same date as the check.

https://www.bleedingcool.com/2011/1...he-check-that-dc-comics-used-to-buy-superman/

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Re: The Check That DC Comics Used To Buy Superman from Jerry Seigel & Joe Schuster

Oh no, the poor fellas.. I can't imagine the regret they must feel every morning they wake up :monkey4
 
Re: The Check That DC Comics Used To Buy Superman from Jerry Seigel & Joe Schuster

They're dead. I doubt they feel anything other than the urge to eat living flesh.
 
Re: The Check That DC Comics Used To Buy Superman from Jerry Seigel & Joe Schuster

Kool! Thanks for posting this info.
 
Re: The Check That DC Comics Used To Buy Superman from Jerry Seigel & Joe Schuster

adjusted for inflation, it's almost $2000. pretty good deal.:slap
 
Re: The Check That DC Comics Used To Buy Superman from Jerry Seigel & Joe Schuster

Guys, it was called "work for hire." No one in that day, even the publisher of National, could have forseen the riches that lay ahead. $130 was more than some families made the whole year in 1938. Did they get screwed? Sure, but that was with hindsight. At the time, I'm sure both parties felt that a fair and equitable deal had been reached. I think the families of Siegel and Shuster trying to get the rights back is BS, and this proves it.

Bob Kane's dad was the smart one...
 
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