Great Fortunes, and How They Were Made. James Dabney McCabe

Great Fortunes, and How They Were Made - James Dabney McCabe


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inventions—Goes to Paris—Residence with Mr. Barlow—Studies in engineering—Invents the diving boat—The infernal machine—His patriotic reply to the British ministry—His marriage—Returns to America—The General Government declines to purchase his torpedo—Brief history of the first experiments in steam navigation—Fulton's connection with Livingston—The trial boat on the Seine—Determines to build a boat on the Hudson—Fulton and Livingston are given the sole right to navigate the waters of New York by steam—Popular ridicule—Disbelief of scientific men—Launch of the "Clermont"—The trial trip—The first voyage up the Hudson—Fulton's triumph—Scenes along the river—Efforts to sink the steamer—Establishment of steam navigation on the Hudson River—The first New York ferry-boats—The floating docks—Boats for the West—New York threatened by the British fleet in 1814—Fulton's plan for a steam frigate—The "Fulton the First"—The steamboat war—Illness of Fulton—His death and burial—His last will—True character of his invention.

       CHAPTER XIV.

       Table of Contents

      Discovery of India-rubber—Mode of collecting it—Preparation and use by the natives—Its introduction into the United States—Mr. E.M. Chaffee's process—The India-rubber fever—Brief success of the India-rubber companies—Their sudden failure—Visit of Mr. Goodyear to New York—He invents an improvement in the life preserver—Early history of Charles Goodyear—His failure as a merchant—Offers his invention to the Roxbury Company—The agent's disclosures—Mr. Goodyear finds his mission—His first efforts—A failure—Discouraging state of his affairs—Renews his efforts—Experiments in India-rubber—Coldness of his friends—His courage and perseverance—Goes to New York—Accidental discovery of the aqua fortis process—Partial success—Ruined—Life on Staten Island—Removes to Boston—Delusive prosperity—The mail bag contract—His friends urge him to abandon his efforts—He refuses—On the verge of success—Discovers the usefulness of sulphur—The inventor's hope—The revelation—Discovers the secret of vulcanization—Down in the depths—Kept back by poverty—A beggar—A test of his honesty—Starvation at hand—The timely loan—Removal to New York—Difficulties in the way—Death of his youngest child—Finds friends in New York—His experiments in vulcanization—Final success—His heart in his work—Fails to secure patents in Europe—His losses from dishonest rivals—Declaration of the Commissioner of Patents—Death of Mr. Goodyear—Congress refuses to extend his patent—His true reward.

       CHAPTER XV.

       Table of Contents

      The home of General Greene in Georgia—The soldier's widow—An arrival from New England—The young schoolmaster—A mechanical genius—Early history of Whitney—Mrs. Greene's invitation—Visit of the planters—State of the cotton culture in 1792—A despondent planter—Mrs. Greene advises them to try Whitney—Origin of the cotton gin—Whitney's first efforts—His workshop—The secret labors—How he provided himself with materials—Finds a partner—Betrayal of his secret—He is robbed of his model—He recovers it and completes it—The first cotton gin—Statement of the revolution produced by the invention in the cotton culture of the South—Opinion of Judge Johnson—The story of an inventor's wrongs—Whitney is cheated and robbed of his rights—The worthlessness of a patent—A long and disheartening struggle—Honorable action of North Carolina—Congress refuses to extend the patent—Whitney abandons the cotton gin—Engages in the manufacture of firearms—His improvements in them—Establishes an armory in Connecticut, and makes a fortune—Death.

       CHAPTER XVI.

       Table of Contents

      The old-fashioned clocks—Their expensiveness—Condition of the clock trade of Connecticut sixty years ago—Early history of Chauncey Jerome—A hard life—Death of his father—Becomes a farmer's boy—Is anxious to become a clock-maker—An over-wise guardian—Hardships of an apprentice—How Jerome became a carpenter—Hires his winters from his master—Becomes a dial-maker—The clock-making expedition—Jerome's first savings—Takes a wife—A master carpenter—Poor pay and hard work—Buys a house—A dull winter—Enters Mr. Terry's factory—The wooden clock business—Sets up in business for himself—Industry and energy rewarded—His first order—Sends his clocks South—Enlarges his business—Improvements in his clocks—Losses on southern shipments from dampness—Depression of business—Jerome's anxiety—A wakeful night—Invention of the brass—A new era in the clock trade—Beneficial effects of Jerome's invention—Magnitude of the Connecticut clock trade at present—Growth of Jerome's business—Makes a fortune—Organization of the "Jerome Clock-making Company"—Practical withdrawal of Mr. Jerome—Difficulties of the company—Jerome a ruined man—Honest independence—Finds employment—Becomes the manager of the Chicago Company.

       CHAPTER XVII.

       Table of Contents

      The first sewing-machine—Birth of Elias Howe—A poor man's son—Raised to hard work—His first employment—The little mill-boy—Delicate health—Goes to Lowell to seek his fortune—Thrown out of employment—Removes to Cambridge—Works in a machine shop with N.P. Banks—Marries—A rash step—Growing troubles—A hard lot—Conceives the idea of a sewing-machine—His first experiments unsuccessful—Invents the lock stitch and perfects the sewing-machine—Hindered by his poverty—A hard struggle—Finds a partner—His winter's task—His attic work-shop—Completion of the model—Perfection of Howe's invention—Efforts to dispose of the invention—Disappointed hopes—Popular incredulity—Becomes an engine driver—Amasa Howe goes to England with the sewing-machine—Bargain with the London merchant—Elias removes to London—Loses his situation—The rigors of poverty—Returns to America—Death of his wife—Fate's last blow—The sewing-machine becomes better known—Adoption by the public—A tardy recognition—Elias Howe sets up in business for himself—Buys out his partner's interest—The sewing-machine war—Rapid growth of the sewing-machine interest—Earnings of the inventor—A royal income—Honors conferred upon him—Enlists in the United States Army—A liberal private—Last illness and death.

       CHAPTER XVIII.

       Table of Contents

      Growth of the art of printing—Birth of Richard M. Hoe—Sketch of the career of Robert Hoe—He comes to America—His marriage—Founds the house of "Robert Hoe & Co."—The first steam printing presses—He retires from business—Richard M. Hoe is brought up in the business—The mechanical genius of the house—The new firm—Richard Hoe's first invention—Obtains a patent for it—Visits England—Invents


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