When Walt Disney found out that he was losing the rights to Oswald, he could have panicked or gotten angry. Instead, before he boarded the train back to California, he sent the following telegram back to his brother:
It was unusually calm, all things considered. Why did Walt think everything would be okay? What were the details he planned to give to his brother upon his arrival? As it turned out, Mr. Disney had already come up with a replacement for Oswald. His new character would originally be called Mortimer, but Mrs. Disney would convince him to use a different name- Mickey Mouse. Perhaps you've heard of him?