Great Men and Famous Women. Vol. 6: A series of pen and pencil sketches of the lives of more than 200 of the most prominent personages in History
History
Great Men and Famous Women. Vol. 6: A series of pen and pencil sketches of the lives of more than 200 of the most prominent personages in History
Biography
of an upper room, and here in his spare hours he employed himself in
wood-carving, in which he acquired some proficiency. In his business
he worked so industriously, and made himself so valuable to his
employers, that when his time expired they offered to lend him the
money to go into business for himself; but he did not accept this
generous offer, as he was determined never to be in debt. While with
Messrs. Burtis and Woodward he had invented a machine for mortising
wheel-hubs, thus giving the first evidence of an inventive faculty
which, though never accomplishing great things, was often of
considerable service both to himself and the community. On leaving
the business of carriage-making Peter Cooper went to Hempstead, L.
I., where he found work in a woollen factory. Here he invented and
patented an improvement on the machine in use for shearing the nap
of cloth; and as during the war of 1812 all commerce with England
ceased, cloth-making in America flourished, and from the sale of his
machines, which he could hardly make fast enough to supply the
demand, young Cooper reaped a considerable profit. One of his first
customers was the late Matthew Vassar, of Poughkeepsie, to whom he
not only sold some of his machines, but also the right to dispose of
them in Dutchess County. When he found that his earnings had enabled
him to lay by the sum of $500, he thought himself justified in
asking a young woman, Miss Sarah Bedel, whom he had met when in
Hempstead, to become his wife; but before doing so, he determined to
visit his parents in Newburgh, and inform them of his intention. He
found them in great trouble, his father in debt and needing help;
and without hesitation he placed his small savings at his disposal,
paid the most pressing of the debts, and made arrangements for
paying off the rest. His father was thus saved from bankruptcy by
his son's devotion; but the action was characteristic of Peter
Cooper, both in its unselfishness, and as indicative of his business
integrity. He would never be in debt himself, and he was equally
resolved to keep those belonging to him as free as himself. He took
pride in the fact that neither he nor his father had ever failed in
business; and this is the more remarkable, since in the course of
his business life the country passed through no less than ten
serious commercial panics.
Public-domain text, read in full here on John Shaqi.
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