Cyrus Hall McCormick: His Life and Work — John Shaqi
Cyrus Hall McCormick: His Life and WorkCasson, Herbert Newton
History
Cyrus Hall McCormick: His Life and Work
Casson, Herbert Newton
Harvesting machinery; McCormick, Cyrus Hall, 1809-1884
When anything was going well, he let it alone. As soon as his factory
was in good running order, he gave it little attention. It was managed
first by his brothers, William and Leander, and afterwards by such
thoroughly competent men as Charles Spring and E. K. Butler. The work
that he chose to do himself was invariably new business. He cared little
for the mere making of money. The success always pleased him much more
than the profit. He was at heart a builder, and therefore when he had
finished one structure, he moved off and began another.
It is a remarkable fact that as an investor, also, he had no interest in
businesses that were already established. Stocks were offered to him,
stocks that were safe and sure, but he bought none of them. The money
that he invested outside of his own business was put into pioneering
enterprises. He bought land in Chicago and Arizona. He opened up gold
mines in South Carolina and Montana. He supplied the capital for a
company which set out to bring mahogany from San Domingo. He invested
$55,000 in the Tehuantepec Inter-Ocean Railroad, an ambitious attempt to
join the Atlantic and Pacific oceans by rail, which was begun in 1879
and came to an inglorious end several years later. And he was one of
that daring group of Americans who planned and financed the Union
Pacific Railway--the first road that really joined sea to sea and
reached to the farthest acre in the West.
[Illustration: McCORMICK REAPER CUTTING ON A SIDE HILL IN PENNSYLVANIA]
In all these undertakings he lost money, except in the instances of
Chicago real estate and the Union Pacific. By 1883 he had several
hundred thousand dollars invested in gold mines, and yet had not
received one dollar of profit. It was the fascination of pioneering that
had lured him. He saw no charm, as the gambler does, in the risk itself.
The Wall Street game he regarded as child's play. The thing that gripped
him was the developing of new material resources--the colonization of
new lands--the mastery of whatever is hostile to the welfare of the
human race.
Another McCormick trait, which is not usually found in men who have the
pioneering instinct, was _Thoroughness_. He never said, "This is good
enough," or "Half a loaf is better than no bread." He wanted what was
_right_ whether it came to him or went from him. He never believed in a
ninety per cent success. He wanted par. Once his mind was fully aroused
upon a subject, there was no detail too petty for him to consider. He
labored hard to be correct in matters that appeared trifling to other
men. Even in his letters to members of his family, the sentences were
carefully formed, and there were no misspelled words. Once he gave
advice to a younger brother on the importance of spelling words
correctly. "You should carry a dictionary, as I do," he said.
Public-domain text, read in full here on John Shaqi.
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