Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
Of how many "Government Contractors" during the war can it be said that
their work was much better than they had agreed to furnish? Verily, we
think Mr. Eads stands almost alone in this respect, his proud position
made still more honorable by its comparative isolation.
Mr. Eads built, during the war, fourteen heavily armored gunboats, four
heavy mortar boats, and converted seven transports into musket-proof
gunboats, or "tin-clads," as they were called on the river. He had a
share in other enterprises of a similar nature during the war, and
besides rendering good service to the Union, was enabled to retire at
the close of the struggle with a handsome fortune, won by his own
patriotic skill and energy.
Whatever may be the distinction awarded to others, to him belongs the
credit of having been the first to provide the Government with the means
of securing that firm hold upon the great river of the West which, once
gained, was never relaxed.
Mr. Eads resides in St. Louis. He is still in the prime of life, is
admired and honored by his fellow-citizens, and affords a splendid
example of what genius and industry can do for a poor, friendless boy in
that glorious western country which is one day to be the seat of empire
in the New World.
CHAPTER XII.
CYRUS W. FIELD.
Cyrus far we have been considering the struggles of men who have risen
from obscure positions in life, by the aid of their own genius,
industry, and courage, to the front rank of their respective callings.
We shall now relate the story of one who having already won fortune,
periled it all upon an enterprise in which his own genius had recognized
the path to fame and to still greater success, but which the almost
united voice of the people of his country condemned as visionary, and
from which they coldly held aloof until its brilliant success compelled
them to acknowledge the wisdom and foresight of its projector.
Fifteen years ago very few persons had heard of Cyrus W. Field. Ten
years ago he had achieved considerable notoriety as a visionary who was
bent on sinking his handsome fortune in the sea. To-day, the world is
full of his fame, as the man to whom, above all others, it is indebted
for the successful completion of the Atlantic Telegraph; and those who
were formerly loudest in ridiculing him are now foremost in his praise.
"Nothing succeeds like success," and what was once in their eyes mere
folly, and worthy only of ridicule, they now hail as the evidences of
his courage, foresight, and profound wisdom, and wonder that they never
could see them in their true light before.
Public-domain text, read in full here on John Shaqi.
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