FREE BOOKS

Author's List




PREV.   NEXT  
|<   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   >>  
ails on the North American Continent. Perhaps McCormick's greatest achievement is that his machine has banished famine wherever it is extensively used, at least in peace times. Before the reaper appeared existence, even in the United States, was primarily a primitive struggle for bread. The greatest service of the harvester has been that it has freed the world--unless it is a world distracted by disintegrating war--from a constant anxiety concerning its food supply. The hundreds of thousands of binders, active in the fields of every country, have made it certain that humankind shall not want for its daily bread. When McCormick exhibited his harvester at the London Exposition of 1851, the London Times ridiculed it as "a cross between an Astley chariot, a wheel barrow, and a flying machine." Yet this same grotesque object, widely used in Canada, Argentina, Australia, South Africa, and India, becomes an engine that really holds the British Empire together. For the forty years succeeding the Civil War the manufacture of harvesting machinery was a business in which many engaged, but in which few survived. The wildest competition ruthlessly destroyed all but half a dozen powerful firms. Cyrus McCormick died in 1884, but his sons proved worthy successors; the McCormick factory still headed the list, manufacturing, in 1900, one-third of all the self-binders used in the world. The William Deering Company came next and then D. M. Osborne, J. J. Glessner, and W. H. Jones, established factories that made existence exceedingly uncomfortable for the pioneers. Whatever one may think of the motives which caused so many combinations in the early years of the twentieth century, there is no question that irresistible economic forces compelled these great harvester companies to get together. Quick profits in the shape of watered stock had nothing to do with the formation of the International Harvester Company. All the men who controlled these enterprises were individualists, with a natural loathing for trusts, combinations, and pools. They wished for nothing better than to continue fighting the Spartan battle that had made existence such an exciting pastime for more than half a century. But the simple fact was that these several concerns were destroying one another; it was a question of joining hands, ending the competition that was eating so deeply into their financial resources, or reducing the whole business to chaos. When Mr. George
PREV.   NEXT  
|<   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   >>  



Top keywords:

McCormick

 

existence

 

harvester

 

combinations

 

London

 

question

 
century
 

binders

 

Company

 
machine

competition

 

greatest

 

business

 

Deering

 
twentieth
 

William

 
headed
 

compelled

 

forces

 

economic


manufacturing
 

irresistible

 

Glessner

 

established

 

factories

 
Osborne
 

motives

 

Whatever

 

pioneers

 

exceedingly


uncomfortable

 

caused

 

International

 

concerns

 

destroying

 
joining
 

simple

 
exciting
 

pastime

 

ending


reducing

 
George
 

resources

 

deeply

 

eating

 

financial

 
battle
 

Spartan

 
formation
 
factory