Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
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.
ELI WHITNEY.
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.
CHAUNCEY JEROME.
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