Aeronautics -- United States -- Biography; Wright, Orville, 1871-1948; Wright, Wilbur, 1867-1912
That was Clinton R. Peterkin. He was barely twenty-four and looked even
younger. Only a year or two previously he had been with J. P. Morgan &
Company as “office boy”--a job he had taken at the age of fifteen. But
he had intelligently made the most of his opportunities by spending all
the time he could in the firm’s inner rooms, and had learned something
of how new business enterprises were started.
Now, recently returned from a stay in the West because of ill health,
Peterkin wished to be a promoter, and he wondered if the Wright
brothers would agree to the formation of a flying-machine company. By
chance he learned that Wilbur Wright was spending a few days at the
Park Avenue Hotel in New York, and in October, 1909, he went to see him.
Wilbur was approachable enough and received Peterkin in a friendly
way, though he didn’t seem to set too much store by the young man’s
proposals. In reply to questions, Wilbur said that he and his brother
would not care to have a company formed unless those in it were men of
consequence. They would want names that carried weight. Then Peterkin
spoke of knowing J. P. Morgan, whom he might be able to interest.
Without making any kind of agreement or promise, Wilbur told him he
could go ahead and see what he could do--doubtless assuming that he
would soon become discouraged. But Peterkin saw J. P. Morgan who told
him he would take stock and that he would subscribe also for his friend
Judge Elbert H. Gary, head of the United States Steel Corporation.
After seeing Morgan, Peterkin was enthusiastically telling of his
project to a distant relative of his, a member of a law firm with
offices in the financial district. The senior partner in that law firm,
DeLancey Nicoll, chanced to overhear what Peterkin was saying and
grew interested. He suggested that perhaps he might be of help. That
was a good piece of luck for Peterkin. He could hardly have found a
better ally, for DeLancey Nicoll had an exceptionally wide and intimate
acquaintance among men in the world of finance. All he needed to do to
interest some of his friends was to call them on the telephone.
Public-domain text, read in full here on John Shaqi.
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