Great Fortunes, and How They Were Made eBook

This eBook from the Gutenberg Project consists of approximately 694 pages of information about Great Fortunes, and How They Were Made.

Great Fortunes, and How They Were Made eBook

This eBook from the Gutenberg Project consists of approximately 694 pages of information about Great Fortunes, and How They Were Made.

Before the final disaster, however, it chanced that a bankrupt merchant of Philadelphia, being one day in New York on business, was led by curiosity to visit the salesroom of the agency of the Roxbury Company in that city.  His visit resulted in the purchase of a life-preserver, which he took home with him for the purpose of examining it.  Subjecting it to a careful investigation, he discovered a defect in the valve used for inflating it, and promptly devised a simpler and better apparatus.

This man, afterward so famous in the history of India-rubber manufacture, was CHARLES GOODYEAR.  He was born at New Haven, Connecticut, on the 29th of December, 1800.  He attended a public school during his boyhood, thus acquiring a limited education.  When quite a youth, he removed with his family to Philadelphia, where his father entered into the hardware business.  Upon coming of age, he was admitted to partnership with his father and one of his brothers, the style of the firm being A. Goodyear & Sons.  The house was extensively engaged in the manufacture of hardware, and among the other articles which they introduced was a light hay-fork, made of spring steel, which gradually took the place of the heavy wrought iron implement formerly in general use among the farmers.  It required a large outlay and a great deal of time to introduce this fork, but, once in use, it rapidly drove the old one out of the market, and proved a source of considerable profit to its inventor.  The prosperity of the house, however, soon began to wane, and it was brought to bankruptcy by the crisis of 1836.

Mr. Goodyear’s attention had for some time been attracted to the wonderful apparent success of the India-rubber companies of the country, and he was hopeful that his improvement in the inflating apparatus of the life-preserver would bring him the means of partially extricating himself from his difficulties.  Repairing to New York, he called on the agent of the Roxbury Company, and explaining his invention to him, offered to sell it to the company.  The agent was struck with the skill displayed in the improvement of Mr. Goodyear, but, instead of offering to buy it, astounded the inventor by informing him of the real state of the India-rubber trade of the country.  He urged Mr. Goodyear to exert his inventive skill to discover some means of imparting durability to India-rubber goods, and assured him that if he could discover a process which would secure that end, the various companies of the United States would eagerly buy it at his own price.  He explained to him the process then in use, and pointed out its imperfections.  Mr. Goodyear listened carefully to his statements, forgot all about his disappointment in failing to sell his improved inflating apparatus, and went home firmly convinced that he had found his true mission in life.  In after years, when success had crowned his labors, he modestly referred to this period of his career in language the substance of which is thus recorded: 

Copyrights
Project Gutenberg
Great Fortunes, and How They Were Made from Project Gutenberg. Public domain.