Thus, whatever Deering touched, he improved. He became the servant of the
harvester. He lavished fortunes upon it as sporting millionaires spent
fortunes on their horses. It was his one extravagance. In his later
endeavours to make the twine cheaper, he spent $15,000 on grass twine,
$35,000 on paper, $43,000 on straw, and failed. Then he spent $165,000 on
flax and succeeded. He was for thirty years a sort of paymaster to a small
mob of inventors who had new ideas or who thought they had. There was one
very able inventor--John Stone--who actually drew his salary and expenses
every week for twenty years, until he had perfected a corn-picking
machine. From first to last, Deering spent "perhaps more than two millions
of dollars" on improvements, according to one of his closest friends.
The fact is that the Appleby binder had transformed Deering from a man in
business simply to make money, into an enthusiast. While he remained as
careful of the business as ever, he began to enjoy the work itself more
than the profit. He would still fuss if he saw half a dozen nails in the
sweepings, or any other waste of pennies. But he poured the golden flood
of profits back into his factory with a recklessness that amazed his
friends. He pampered his beloved machines with roller bearings and bodies
of steel. He sent them to Europe and showed them to kings. Then, as his
enthusiasm grew, he looked ahead to the time when even the farm-horse
shall be set free from drudgery; and he began to build automobile mowers
and gasolene engines. In fact, he ripened, as he worked, into a seer who
saw far past the gain or loss of the present into the splendour of the
future.
[Illustration: CYRUS HALL McCORMICK, JR.
CHARLES DEERING Photo by Matzene, Chicago]
Sagacity--that is, perhaps, the one word that best explains William
Deering's success. He had an almost supernatural instinct, so his
competitors believed, which kept him in the right line of progress. There
seemed to be a business compass in his brain.
He was never a master of men, like McCormick, nor a good mixer among men,
like Whiteley; but as an organiser of men he was easily superior to them
both. He knew how to pit his managers one against another, as Carnegie
did; and how to develop a factory into a swift and automatic machine. He
was a statesman of commercialism. He piled up a big fortune, and earned
it.
Public-domain text, read in full here on John Shaqi.
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