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 XVI.

Chauncey Jerome.

The old-fashioned clocks—­Their expensiveness—­Condition of the clock trade of Connecticut sixty years ago—­Early history of Chauncey Jerome—­A hard life—­Death of his father—­Becomes a farmer’s boy—­Is anxious to become a clock-maker—­An over-wise guardian—­Hardships of an apprentice—­How Jerome became a carpenter—­Hires his winters from his master—­Becomes a dial-maker—­The clock-making expedition—­Jerome’s first savings—­Takes a wife—­A master carpenter—­Poor pay and hard work—­Buys a house—­A dull winter—­Enters Mr. Terry’s factory—­The wooden clock business—­Sets up in business for himself—­Industry and energy rewarded—­His first order—­Sends his clocks South—­Enlarges his business—­Improvements in his clocks—­Losses on southern shipments from dampness—­Depression of business—­Jerome’s anxiety—­A wakeful night—­Invention of the brass—­A new era in the clock trade—­Beneficial effects of Jerome’s invention—­Magnitude of the Connecticut clock trade at present—­Growth of Jerome’s business—­Makes a fortune—­Organization of the “Jerome Clock-making Company”—­Practical withdrawal of Mr. Jerome—­Difficulties of the company—­Jerome a ruined man—­Honest independence—­Finds employment—­Becomes the manager of the Chicago Company.

CHAPTER XVII.

Elias Howe, jr.

The first sewing-machine—­Birth of Elias Howe—­A poor man’s son—­Raised to hard work—­His first employment—­The little mill-boy—­Delicate health—­Goes to Lowell to seek his fortune—­Thrown out of employment—­Removes to Cambridge—­Works in a machine shop with N.P.  Banks—­Marries—­A rash step—­Growing troubles—­A hard lot—­Conceives the idea of a sewing-machine—­His first experiments unsuccessful—­Invents the lock stitch and perfects the sewing-machine—­Hindered by his poverty—­A hard struggle—­Finds a partner—­His winter’s task—­His attic work-shop—­Completion of the model—­Perfection of Howe’s invention—­Efforts to dispose of the invention—­Disappointed hopes—­Popular incredulity—­Becomes an engine driver—­Amasa Howe goes to England with the sewing-machine—­Bargain with the London merchant—­Elias removes to London—­Loses his situation—­The rigors of poverty—­Returns to America—­Death of his wife—­Fate’s last blow—­The sewing-machine becomes better known—­Adoption by the public—­A tardy recognition—­Elias Howe sets up in business for himself—­Buys out his partner’s interest—­The sewing-machine war—­Rapid growth of the sewing-machine interest—­Earnings of the inventor—­A royal income—­Honors conferred upon him—­Enlists in the United States Army—­A liberal private—­Last illness and death.

CHAPTER XVIII.

Richard M. Hoe.

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