Great Fortunes, and How They Were Made. James Dabney McCabe

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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.

       Table of Contents

      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 Lieut. Maury and Prof. Morse—The scheme pronounced practicable—Mr. Field secures the co-operation of four New York capitalists—Organization of the New York, Newfoundland, and London Telegraph Company—Building of the line from New York to St. John's—A herculean task—The Governmental ocean surveys of the United States and England—Efforts to secure aid in England—Liberal action of the Government—Organization of the Atlantic Telegraph Company—A hard-won success in America—Passage of the bill by Congress—The first attempt to lay the cable—The expedition of 1857—The telegraph fleet—Scenes on board—Loss of the cable—Failure of the expedition—Difficulties remedied—The new "paying-out" machinery—The expedition of 1858—The second attempt to lay the cable—Dangerous storm—Failures—Loss of the cable—The third attempt—The cable laid successfully—Messages across the Atlantic—Celebrations in England and the United States—The signals cease—The cable a failure—Discouraging state of affairs—Courage of Mr. Field—Generous offer of the British Government—Fresh soundings—Investigations of the Telegraph Board—Efforts of Mr. Field to raise new capital—Purchase of the Great Eastern—The fourth attempt to lay the cable—Expedition of 1865—Voyage of the Great Eastern—Loss of the cable—Efforts to recover it unsuccessful—What the expedition demonstrated—Efforts to raise more capital—They are pronounced illegal—The new company—The fifth attempt to lay the cable—Voyage of the Great Eastern—The cable laid at last—Fishing up and splicing the cable of 1865—The final triumph—Credit due to Mr. Field.

       III. INVENTORS.

       CHAPTER XIII.

       Table of Contents

      Trinity churchyard—The Livingston vault—An interesting place—Fulton's tomb—Birth of Robert Fulton—Boyhood—Early mechanical skill—Robert astonishes his tutor—Robert's fireworks—"Nothing is impossible"—"Quicksilver Bob"—The fishing excursion—The first paddle-wheel boat—Fulton's success as an artist—His gift to his mother—His removal to England—Intimacy with Benjamin West—Goes to Devonshire—Acquaintance with the Duke of Bridgewater—His interest in canal navigation—His first inventions—Goes to Paris—Residence with Mr. Barlow—Studies in engineering—Invents the diving boat—The infernal machine—His patriotic reply to the British ministry—His marriage—Returns to America—The General Government declines to purchase his torpedo—Brief history of the first experiments in steam navigation—Fulton's connection with Livingston—The trial boat on the Seine—Determines to build a boat on the Hudson—Fulton and Livingston are given the sole right to navigate the waters of New York by steam—Popular ridicule—Disbelief of scientific men—Launch of the "Clermont"—The trial trip—The first voyage up the Hudson—Fulton's triumph—Scenes along the river—Efforts to sink the steamer—Establishment of steam navigation on the Hudson River—The first New York ferry-boats—The floating docks—Boats for the West—New York threatened by the British fleet in 1814—Fulton's plan for a steam frigate—The "Fulton the First"—The steamboat war—Illness of Fulton—His death and burial—His last will—True character of his invention.

       CHAPTER XIV.

       Table of Contents

      Discovery of India-rubber—Mode of collecting it—Preparation and use by the natives—Its introduction into the United States—Mr. E.M. Chaffee's process—The India-rubber fever—Brief success of the India-rubber companies—Their sudden failure—Visit of Mr. Goodyear to New York—He invents an improvement in the life preserver—Early history of Charles Goodyear—His failure as a merchant—Offers his invention to the Roxbury Company—The agent's disclosures—Mr. Goodyear finds his mission—His first efforts—A failure—Discouraging state of his affairs—Renews his efforts—Experiments in India-rubber—Coldness of his friends—His courage and perseverance—Goes to New York—Accidental discovery of the aqua fortis process—Partial success—Ruined—Life on Staten Island—Removes to Boston—Delusive prosperity—The mail bag contract—His friends urge him to abandon his efforts—He refuses—On the verge of success—Discovers the usefulness of sulphur—The inventor's hope—The revelation—Discovers the secret of vulcanization—Down in the depths—Kept back by poverty—A beggar—A test of his honesty—Starvation at hand—The timely loan—Removal to New York—Difficulties in the way—Death of his youngest child—Finds friends in New York—His experiments in vulcanization—Final success—His heart in his work—Fails to secure patents in Europe—His losses from dishonest rivals—Declaration of the Commissioner of Patents—Death of Mr. Goodyear—Congress refuses to extend his patent—His true reward.

       CHAPTER XV.

       Table of Contents

      The home of General Greene in Georgia—The soldier's widow—An arrival from New England—The young schoolmaster—A mechanical genius—Early history of Whitney—Mrs. Greene's invitation—Visit of the planters—State of the cotton culture in 1792—A despondent planter—Mrs. Greene advises them to try Whitney—Origin of the cotton gin—Whitney's first efforts—His workshop—The secret labors—How he provided himself with materials—Finds a partner—Betrayal of his secret—He is robbed of his model—He recovers it and completes it—The first cotton gin—Statement of the revolution produced by the invention in the cotton culture of the South—Opinion of Judge Johnson—The story of an inventor's wrongs—Whitney is cheated and robbed of his rights—The worthlessness of a patent—A long and disheartening struggle—Honorable action of North Carolina—Congress refuses to extend the patent—Whitney abandons the cotton gin—Engages in the manufacture of firearms—His improvements in them—Establishes an armory in Connecticut, and makes a fortune—Death.

      

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