Wealth Classics



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Great Fortunes Chapter 14: Charles Goodyear

January 30th, 2009

In the year 1735, a party of astronomers, sent by the French Government to Peru for purposes of scientific investigation, discovered a curious tree growing in that country, the like of which no European had ever seen before. It grew to a considerable size, and yielded a peculiar sap or gum. It was the custom [...]


Great Fortunes: Charles Goodyear Part 2

January 30th, 2009

This substance, variously known as cachuchu, caoutchouc, gum elastic, and India-rubber, was first introduced into Europe in 1730, where it was regarded merely as a curiosity, useful for erasing pencil marks, but valueless for any practical use. Ships from South America brought it over as ballast, but it was not until ninety years after its [...]


Great Fortunes: Charles Goodyear Part 3

January 30th, 2009

Their prosperity was only fictitious, however, and a day of fearful disaster was pending over them. The bulk of the goods produced in 1833 and 1834 had been manufactured in the cold weather, and the greater part of them had succumbed to the heat of the ensuing summer. The shoes had melted to a soft [...]


Great Fortunes: Charles Goodyear Part 4

January 30th, 2009

Mr. Goodyear’s attention had for some time been attracted to the wonderful apparent success of the India-rubber companies of the country, and he was hopeful that his improvement in the inflating apparatus of the life-preserver would bring him the means of partially extricating himself from his difficulties. Repairing to New York, he called on the [...]


Great Fortunes: Charles Goodyear Part 5

January 31st, 2009

The friend of the inventor was thoroughly disheartened by this failure, and refused to have any thing more to do with Goodyear’s schemes; but the latter, though much disappointed, did not despair. He set to work to discover the cause of his failure, and traced it, as he supposed, to the mixing of the gum [...]