Peter Cooper also left a portion of his wealth for "the diffusion of
knowledge among men," but a different sort of knowledge--the knowledge
that would help a man or woman to earn a living. His own career had
shown him how necessary such knowledge is. His father was a hatter by
trade, and the boy's earliest recollection was of his being employed to
pull hair out of rabbit-skins, his head just reaching above the table.
But the hat business was unprofitable, and the elder Cooper tried a
number of businesses, brewing, brick-making, what not, the boy being
required to take part in each of them, so that he had no time for
schooling, and had to pick up such odds and ends of knowledge as he
could. Finally, in 1808, at the age of seventeen, he was apprenticed to
a carriage-maker, and remained with him until he was of age.
After that, the young man himself tried various occupations without
great success, until the establishment of a glue factory began to bring
him large returns. By the beginning of 1828, he was able to purchase
three thousand acres of land within the city of Baltimore and to
establish the Canton iron-works, which was the first of his great
enterprises tending toward the development of the iron industry in the
United States. Other plants were built or purchased, rolling mills and
blast furnaces established, and a great impetus given to this branch of
manufacture. He practically financed the Atlantic Cable Company, in the
face of ridicule, and made the cable possible, and he saved the
Baltimore & Ohio Railroad from bankruptcy by designing and building a
locomotive--the first ever built in this country--especially adapted to
the uneven country over which the track was laid.
Public-domain text, read in full here on John Shaqi.
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