Great Fortunes, and How They Were Made eBook

This eBook from the Gutenberg Project consists of approximately 694 pages of information about Great Fortunes, and How They Were Made.

CHAPTER X.

Daniel drew.

Birth-place—­Birth and parentage—­A farmer’s boy—­Goes to New York to seek his fortune—­Becomes a cattle drover—­Leases the Bull’s Head Tavern—­His energy and success in his business—­Brings the first western cattle to New York—­Helps a friend to build a steamboat—­The fight with Vanderbilt—­Drew buys out his friend, and becomes a steamboat owner—­Vanderbilt endeavors to discourage him—­He perseveres—­His success—­Formation of the “People’s Line” on the Hudson River—­The floating palaces—­Forms a partnership with George Law, and establishes the Stonington line—­Opening of the Hudson River Railway—­Drew’s foresight—­Room enough for the locomotive and the steamboat—­Buys out the Champlain Company—­Causes of his success as a steamboat manager—­Becomes a banker—­His success in Wall Street—­Indorses the acceptances of the Erie Railway Company—­His courage and calmness in the panic of 1857—­He saves “Erie” from ruin—­Elected a director of the Erie Road—­Is made Treasurer—­His interest in the road—­His operations in Wall Street—­His farm in Putnam County—­Joins the Methodist Church—­His liberality—­Builds a church in New York—­Founds the Drew Theological Seminary—­Estimate of his wealth—­His family—­Personal appearance.

CHAPTER XI.

James B. Eads.

Birth—­Childhood—­Fondness for machinery—­Early mechanical skill—­Constructs a steam engine at the age of nine years—­His work-shop—­Death of his father—­Works his way to St. Louis—­Sells apples on the streets—­Finds employment and a friend—­Efforts to improve—­Becomes a clerk on a Mississippi steamer—­Undertakes the recovery of wrecked steamboats—­Success of his undertaking—­Offers to remove the obstacles to the navigation of the Mississippi—­Failure of his health—­Retires from business—­Breaking out of the war—­Summoned to Washington—­His plan for the defense of the western rivers—­Associated with Captain Rodgers in the purchase of gunboats—­His first contract with the Government—­Undertakes to build seven ironclads in sixty-five days—­Magnitude of the undertaking—­His promptness—­Builds other gunboats during the war—­The gunboat fleet at Forts Henry and Donelson the private property of Mr. Eads—­Excellence of the vessels built by him—­A model contractor—­Residence in St. Louis.

CHAPTER XII.

Cyrus W. Field.

Birth—­Parentage—­Early education—­Goes to New York in search of employment—­Obtains a clerkship in a city house, and in a few years becomes a partner—­A rich man at thirty-four—­Retires from business—­Travels in South America—­Meets Mr. Gisborne—­Plan of the Newfoundland Telegraph Company—­Mr. Field declines to embark in it—­Conceives the idea of a telegraph across the Atlantic Ocean—­Correspondence with

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Great Fortunes, and How They Were Made from Project Gutenberg. Public domain.
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