Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
He worked with his new employer awhile, and then formed an arrangement
with two journeymen clock-makers. Having perfected their plans, the
three set out for New Jersey in a lumber wagon, carrying their
provisions with them. The two clock-makers were to make and set up the
works, and Jerome was to make the cases whenever they should succeed in
selling a clock on their journey. Clock-making was then considered
almost perfect. It had been reduced to a regular system, and the cost of
construction had been very greatly lessened. A good clock, with a case
seven feet high, could now be made for forty dollars, at which price it
yielded a fair profit to the maker. The three young men were tolerably
successful in their venture. Jerome worked fifteen hours a day at
case-making, and by living economically, managed to carry some money
with him when he went back to his master's shop in the spring. For the
remaining three years of his apprenticeship he employed his winters in
learning the various branches of clock-making, and not only earned
enough money to clothe himself, but laid by a modest sum besides.
In 1814, being twenty-one years of age and his own master, he set up a
carpenter shop of his own, being not yet sufficiently master of
clock-making to undertake that on his own account. In 1815, he married.
Times were hard. The war with England had just ended, and labor was
poorly compensated. He is said at this time to have "finished the whole
interior of a three-story house, including twenty-seven doors and an oak
floor, nothing being found for him but the timber," for the beggarly sum
of eighty-seven dollars--a task which no builder would undertake to-day
for less than a thousand dollars. Still, he declared that, in spite of
this poor rate of compensation, he was enabled to save enough to make a
partial payment on a small dwelling for himself. It required a constant
struggle, however, to live at this rate, and in the winter of 1816,
being out of work, and having a payment on his house to meet in the
spring, he determined to go to Baltimore to seek work during the winter.
He was on the eve of starting, when he learned that Mr. Eli Terry, the
inventor of the wooden clocks which were so popular fifty years ago, was
about to open a large factory for them in an adjoining town. He walked
to the town, and made his application to Mr. Terry, who at once engaged
him at liberal wages. Mr. Terry's factory was then the largest in the
country, and, as he used wooden instead of metal works, he was able to
manufacture his best clocks at fifteen dollars, and other grades in
proportion. This reduction in price largely increased the sale of his
clocks, and in a comparatively short time after opening his factory, Mr.
Terry made and sold about six thousand clocks a year.
Public-domain text, read in full here on John Shaqi.
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