The boys' life of EdisonMeadowcroft, Wm. H. (William Henry)
General
The boys' life of Edison
Meadowcroft, Wm. H. (William Henry)
Edison, Thomas A. (Thomas Alva), 1847-1931 -- Juvenile literature
A glimpse at some of young Edison's first methods as a manufacturer
is interesting. He says: "Nearly all my men were on piece-work, and I
allowed them to make good wages, and never cut until the pay became
absurdly high as they got more expert. I kept no books. I had two
hooks. All the bills and accounts I owed I jabbed on one hook, and
memoranda of all owed to myself I put on the other. When some of the
bills fell due, and I couldn't deliver tickers to get a supply of
money, I gave a note. When the notes were due a messenger came around
from the bank with the note and a protest pinned to it for one dollar
and twenty-five cents. Then I would go to New York and get an advance
or pay the note if I had the money. This method of giving notes for
my accounts and having all notes protested I kept up over two years,
yet my credit was fine. Every store I traded with was always glad to
furnish goods, perhaps in amazed admiration of my system of doing
business, which was certainly new."
After a while Edison got a bookkeeper, whose vagaries made him look
back with regret on the earlier, primitive method. "The first three
months I had him go over the books to find out how much we had made.
He reported three thousand dollars. I gave a supper to some of my men
to celebrate this, only to be told two days afterward that he had made
a mistake, and that we had lost five hundred dollars; and then a few
days after that he came to me again and said he was all mixed up, and
now found that we had made over seven thousand dollars." Edison changed
bookkeepers, but never afterward counted anything real profit until he
had paid all his debts and had the profits in the bank.
Among the men who have worked with Edison in his various shops from
time to time, there have always been those who later have risen to some
notable degree of prominence in the electrical arts. This early shop
was no exception.
At a single bench there worked three men since rich or prominent. One
was Sigmund Bergmann, for a time partner with Edison in his lighting
developments in the United States, and now head and principal owner
of electrical works in Berlin, employing ten thousand men. The next
man adjacent was John Kruesi, afterward engineer of the great General
Electric Works at Schenectady. A third was Schuckert, who left the
bench to settle up his father's little estate at Nuremberg, stayed
there and founded electrical factories which became the third largest
in Germany, their proprietor dying very wealthy.
"I gave them a good training as to working hours and hustling," says
Edison. And this is equally true as applied to many scores of others
who have worked with him.
X
A BUSY YOUNG INVENTOR
Public-domain text, read in full here on John Shaqi.
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