Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
He carried his model rapidly to perfection, and, proceeding with it to
Washington, obtained a patent. On his return home he met Mr. Swain, the
proprietor of the Baltimore _Sun_ and Philadelphia _Ledger_, and
explained his invention to him. Mr. Swain was so much pleased with it
that he at once ordered a four-cylinder press, which was completed and
ready for use on the 31st of December, 1848. This press was capable of
making ten thousand impressions per hour, and did its work with entire
satisfaction in every respect.
This was a success absolutely unprecedented--so marked, in fact, that
some persons were inclined to doubt it. The news flew rapidly from city
to city, and across the ocean to foreign lands, and soon wherever a
newspaper was printed men were talking of Hoe's wonderful invention.
Orders came pouring in upon the inventor with such rapidity that he soon
had as many on hand as he could fill in several years. In a
comparatively brief period the _Herald_, _Tribune_, and _Sun_, of New
York, were boasting of their "Lightning Presses," and soon the
_Traveller_ and _Daily Journal_, in Boston, followed their example. Mr.
Hoe was now not only a famous man, but possessed of an assured business
for the future, which was certain to result in a large fortune. By the
year 1860, besides supplying the principal cities of the Union (fifteen
lightning presses being used in the city of New York alone), he had
shipped eighteen presses to Great Britain, four to France, and one to
Australia. Two of the presses sent to England were ordered for the
London _Times_.
Mr. Hoe continued to improve his invention, adding additional cylinders
as increased, speed was desired, and at length brought it to the degree
of perfection exhibited in the splendid ten-cylinder press now in use in
the offices of our leading journals, which strikes off twenty-five
thousand sheets per hour. Whether more will be accomplished with this
wonderful machine the future alone can determine, but the inventor is
said to be still laboring to improve it.
In 1858, Mr. Hoe purchased the patent rights and manufactory of Isaac
Adams, in Boston, and since then has carried on the manufacture of the
Adams press from that place. He has also established a manufactory in
England, where he conducts a profitable business in both the Adams and
the Hoe press. Over a million and a half of dollars are invested in
these establishments in New York, Boston, and London, in land,
buildings, and stock. The firm manufacture presses of all kinds, and
all materials used by printers except type and ink. They also
manufacture circular saws, made according to Mr. Hoe's process.
Public-domain text, read in full here on John Shaqi.
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