History of the American Clock Business for the Past Sixty Years, and Life of Chauncey Jerome: Barnum's Connection with the Yankee Clock BusinessJerome, Chauncey
History
History of the American Clock Business for the Past Sixty Years, and Life of Chauncey Jerome: Barnum's Connection with the Yankee Clock Business
Jerome, Chauncey
Clock and watch making -- United States
I should consider my history incomplete, unless I went back for many
years to speak of the treatment which I received from a certain man. I
shall not mention his name, and my object in relating these
circumstances, is to illustrate a principle there is in man, and to
caution the young men to be careful when they get to be older and are
carrying on business, not to do too much for one individual. If you do,
in nine cases out of ten, he will hate and injure you in the end. This
has been my experience. Many years ago, I hired two men from a
neighboring town to work for me. It was about the time that I invented
the Bronze Looking-Glass Clock, which was, at that time, decidedly the
best kind made. After a while these two men contrived a plan to get up a
company, go into another town, and manufacture the same kind of clock.
This company was formed about six months before I found it out, and much
of their time was spent in making small tools and clock-parts to take
with them. This was done when they were at work for me on wages. They
induced as many of my men as they could to go with them, and took some
of them into company. When they had finished some clocks, they went
round to my customers and under-sold me to get the trade. This is the
first chapter. When I invented the thirty-hour brass clock in 1838, one
of these men had returned to Bristol again, and was out of business; but
he had some money which he had made out of my former improvements. I had
lost a great deal of money in the great panic of 1837. After I had
started a little in making this new clock, he proposed to put in some
money and become interested with me, and as I was in want of funds to
carry on the business, I told him that if he would put in three thousand
dollars, he should have a share of the profits. I went on with him one
year, but got sick of it and bought him out. I had to pay six thousand
dollars to get rid of him. He took this money, went to a neighboring
town, bought an old wood clock factory, fitted it up for making the same
clock that I had just got well introduced, and induced several of my
workmen to go with him, some of whom he took in company with him. As
soon as I had the clock business well a going in England, he sent over
two men to sell the same patterns. He has kept this up ever since, and
has made a great deal of money.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account