Captains of Industry by James Parton (life changing books to read TXT) π
If it had been a picture, I should have had it framed and hung up over my desk, a perpetual admonition to me to do my work well; not too fast; not too much of it; not with any showy false polish; not letting anything go till I had done all I could to make it what it should be.
In telling this little story, I have told thousands of stories. Take the word hammer out of it, and put glue in its place, and you have the history of Peter Cooper. By putting in other words, you can make the true history of every great business in the world which has lasted thirty years.
The true "protective system," of which we hear so much, is to make the best article; and he who does this need not buy a ticket for Colorado.
ICHABOD WASHBURN,
WIRE-MAKER.
Of all our manufactures few have had a more rapid development than wire-making. During the last thirty years the world has been girdled by telegraphic wires and
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"The first time I became acquainted with Mr. Cobden was in connection with the great question of education. I went over to Manchester to call upon him and invite him to Rochdale to speak at a meeting about to be held in the school-room of the Baptist chapel in West Street. I found him in his counting-house. I told him what I wanted. His countenance lighted up with pleasure to find that others were working in the same cause. He without hesitation agreed to come. He came and he spoke."
Persons who heard him in those days say that his speaking then was very much what it was afterward in Parliamentβa kind of conversational eloquence, simple, clear, and strong, without rhetorical flights, but strangely persuasive. One gentleman who was in Parliament with him mentioned that he disliked to see him get up to speak, because he was sure that Cobden would convince him that his own opinion was erroneous; "and," said he, "a man does not like that to be done."
Soon after coming upon the stage of active life, he had arrived at the conclusion that the public policy of his country was fatally erroneous in two particulars, namely, the protective system of duties, and the habit of interfering in the affairs of other nations. At that time even the food of the people, their very bread and meat, was shopped at the custom houses until a high duty was paid upon them, for the "protection" of the farmers and landlords. In other words, the whole population of Great Britain was taxed at every meal, for the supposed benefit of two classes, those who owned and those who tilled the soil.
Richard Cobden believed that the policy of protection was not beneficial even to the protected classes, while it was most cruel to people whose wages were barely sufficient to keep them alive. For several years, aided by Mr. Bright and many other enlightened men, he labored by tongue and pen, with amazing tact, vigor, persistence, and good temper, to convince his countrymen of this.
The great achievement of his life, as all the world knows, was the repeal of those oppressive Corn Laws by which the duty on grain rose as the price declined, so that the poor man's loaf was kept dear, however abundant and cheap wheat might be in Europe and America. It was in a time of deep depression of trade that he began the agitation. He called upon Mr. Bright to enlist his coΓΆperation, and he found him overwhelmed with grief at the loss of his wife, lying dead in the house at the time. Mr. Cobden consoled his friend as best he could; and yet even at such a time he could not forget his mission. He said to Mr. Bright:β
"There are thousands and thousands of homes in England at this moment, where wives, mothers, and children are dying of hunger! Now when the first paroxysm of your grief is past, I would advise you to come with me, and we will never rest until the Corn Laws are repealed."
Mr. Bright joined him. The Anti-Corn-Law-League was formed; such an agitation was made as has seldom been paralleled; but, so difficult is it to effect a change of this kind against interested votes, that, after all, the Irish famine was necessary to effect the repeal. As a writer remarks:β
"It was hunger that at last ate through those stone walls of protection!"
Sir Robert Peel, the prime minister, a protectionist, as we may say, from his birth, yielded to circumstances as much as to argument, and accomplished the repeal in 1846. When the great work was done, and done, too, with benefit to every class, he publicly assigned the credit of the measure to the persuasive eloquence and the indomitable resolution of Richard Cobden.
Mr. Cobden's public labors withdrew his attention from his private business, and he became embarrassed. His friends made a purse for him of eighty thousand pounds sterling, with which to set him up as a public man. He accepted the gift, bought back the farm upon which he was born, and devoted himself without reserve to the public service. During our war he was the friend and champion of the United States, and he owed his premature death to his zeal and friendly regard for this country. There was a ridiculous scheme coming up in Parliament for a line of fortresses to defend Canada against the United States. On one of the coldest days of March he went to London for the sole purpose of speaking against this project. He took a violent cold, under which he sank. He died on that Sunday, the second of April, 1865, when Abraham Lincoln, with a portion of General Grant's army, entered the city of Richmond. It was a strange coincidence. Through four years he had steadily foretold such an ending to the struggle; but though he lived to see the great day he breathed his last a few hours before the news reached the British shore.
There is not in Great Britain, as Mr. Bright observed, a poor man's home that has not in it a bigger and a better loaf through Richard Cobden's labors. His great measure relieved the poor, and relieved the rich. It was a good without alloy, as free trade will, doubtless, be to all nations when their irrepressible Cobdens and their hungry workmen force them to adopt it.
The time is not distant when we, too, shall be obliged, as a people, to meet this question of Free Trade and Protection. In view of that inevitable discussion I advise young voters to study Cobden and Bright, as well as men of the opposite school, and make up their minds on the great question of the future.
HENRY BESSEMER.Nervous persons who ride in sleeping-cars are much indebted to Henry Bessemer, to whose inventive genius they owe the beautiful steel rails over which the cars glide so steadily. It was he who so simplified and cheapened the process of making steel that it can be used for rails.
Nine people in ten, I suppose, do not know the chemical difference between iron and steel. Iron is iron; but steel is iron mixed with carbon. But, then, what is carbon? There is no substance in nature of which you can pick up a piece and say, This is carbon. And hence it is difficult to explain its nature and properties. Carbon is the principal ingredient in coal, charcoal, and diamond. Carbon is not diamond, but a diamond is carbon crystallized. Carbon is not charcoal, but in some kinds of charcoal it is almost the whole mass. As crystallized carbon or diamond is the hardest of all known substances, so also the blending of carbon with iron hardens it into steel.
The old way of converting iron into steel was slow, laborious, and expensive. In India for ages the process has been as follows: pieces of forged iron are put into a crucible along with a certain quantity of wood. A fire being lighted underneath, three or four men are incessantly employed in blowing it with bellows. Through the action of the heat the wood becomes charcoal, the iron is melted and absorbs carbon from the charcoal. In this way small pieces of steel were made, but made at a cost which confined the use of the article to small objects, such as watch-springs and cutlery. The plan pursued in Europe and America, until about twenty-five years ago, was similar to this in principle. Our machinery was better, and pure charcoal was placed in the crucible instead of wood; but the process was long and costly, and only small pieces of steel were produced at a time.
Henry Bessemer enters upon the scene. In 1831, being then eighteen years of age, he came up to London from a country village in Hertfordshire to seek his fortune, not knowing one person in the metropolis. He was, as he has since said, "a mere cipher in that vast sea of human enterprise." He was a natural inventor, of studious and observant habits. As soon as he had obtained a footing in London he began to invent. He first devised a process for copying bas-reliefs on cardboard, by which he could produce embossed copies of such works in thousands at a small expense. The process was so simple that in ten minutes a person without skill could produce a die from an embossed stamp at a cost of one penny.
When his invention was complete he thought with dismay and alarm that, as almost all the expensive stamps affixed to documents in England are raised from the paper, any of them could be forged by an office-boy of average intelligence. The English government has long obtained an important part of its revenue by the sale of these stamps, many of which are high priced, costing as much as twenty-five dollars. If the stamp on a will, a deed, or other document is not genuine, the document has no validity. As soon as he found what mischief had been done, he set to work to devise a remedy. After several months' experiment and reflection he invented a stamp which could neither be forged nor removed from the document and used a second time. A large business, it seems, had been done in removing stamps from old parchments of no further use, and selling them to be used again.
The inventor called at the stamp office and had an interview with the chief, who frankly owned that the government was losing half a million dollars a year by the use of old stamps; and he was then considering methods of avoiding the loss. Bessemer exhibited his invention, the chief feature of which was the perforation of the stamp in such a way that forgery and removal were equally impossible. The commissioner finally agreed to adopt it. The next question was as to the compensation of the young inventor, and he was given his choice either to accept a sum of money or an office for life in the stamp office of four thousand dollars a year. As he was engaged to be married, he chose the office, and went home rejoicing, feeling that he was a made man. Nor did he long delay to communicate the joyful news to the young lady. To her also he explained his invention, dwelling upon the fact that a five-pound stamp a hundred years old could be taken off a document and used a second time.
"Yes," said she, "I understand that; but, surely, if all stamps had a date put upon them they could not at a future time be used again without detection."
The inventor was startled. He had never thought of an expedient so simple and so obvious. A lover could not but be pleased at such ingenuity in his affianced bride; but it spoiled his invention! His perforated stamp did not allow of the insertion of more than one date. He succeeded in obviating this difficulty, but deemed it only fair to communicate the new idea to the chief of
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