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Nickerson Pages From Financial Giants of America (1922)

Nickerson Pages From Financial Giants of America (1922)

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Financial
Giants
of
America
GEORGE
F.
REDMOND
Volume
II
Published
by
THE
STRATFORD
COMPANY
BOSTON,
MASS.
1922
'
iS^'
^iy
•'-ill
&'A^-'t,'4i^
I
 
KING
C.
GILLETTE
KING
C.
GILLETTE,
inventor
and
"corporationist,"
was
born
at
Fond
du
Lac,
Wisconsin,
January
5,
1855.This
was
the
same
town
that
ayear
and
a
half
later
gave
the
world
E.L.
Doheny,
president
of
the
Pan-American
Oil
&
Transport
Corporation
and
the
Mexican
Petroleum
Co.,
dis-
coverer
of
oil
in
Mexico,
whose
interests
like
those
of
Gillette,
are
world-wide.
In
his
early
boyhood
the
family
moved
to
Chicago,
where
the
elder
Gillette,
who
was
something
of
an
inventor,
did
moderately
well
until
thegreat
fire
swept
away
all
his
earthly
possessions.
The
boy
received
his
education
in
the
common
school
and
began
his
career
as
a
clerk
in
a
hardware
store.
Hardware
had
always
an
attractionfor
him,
and
his
keen
inter-
est
in
it
qualified
him
as
an
expert.
After
two
years
in
the
Chicago
store
he
secured
employment
in
New
York
City,
where
he
became
well-known
to
the
general
trade,
attracting
the
at-
tentionof
abig
concern
whose
headquarters
were
at
Kansas
City,
Missouri.
To
this
concern
King
Gillette
was
a
genuine
"find."
By
the
time
he
was
twenty-onehe
had
earned
his
chance
for
a
try-out
as
a
traveling
salesman.
He
was
given
the
entire
Western
territory,
and
so
phenomenally
successful
was
he
that
he
built
up
a
trade
such
as
the
firm
never
before
had.
The
business
extended
to
such
proportions
that
it
was
decided
to
establish
an
agency
in
England
and
Gillette
was
sent
to
London
to
establish
and
manage
it.
King
C.
Gillette
differed
from
other
salesmen
in
that
he
spent
his
spare
time
in
inventing
things
or
trying
to
thinkof
something
to
invent.
He
was
beset
with
theidea
that
the
only
sure
and
speedy
way
to
wealth
was
by
means
of
some
great
invention,
an
idea
inherited
from
hisfather.
The
Patent
OfEce
files
record
a
story
ofgreat
industry
on
thepart
of
the
Gillette
family,
but
success
was
not
at
all
commensurate
with
the
outlay
of
effort
and
money.
[329]
 
FINANCIAL
GIANTS
In
1
89
1
,
when
Gillette
was
thirty-six
years
old,
he
came
to
theturning
point
in
his
career.
He
got
a
new
job
as
travel-
ing
salesman
for
the
Baltimore
Seal
Co.
a
bottling
company.
At
that
time
the
bottling
industry
had
reached
such
propor-
tions
that
there
was
an
insistent
demand
for
something
better
than
the
ordinary
cork-top
bottles
for
beer,soda-fwater
and
carbonated
beverages.
A
good
many
inventions
were
put
upon
the
market,
but
none
of
themseemed
to
answer.
The
first
man
to
get
on
the
right
track
of
the
right
bottle
was
William
Painter,
once
a
farm
boy
in
Maryland,
with
no
capital
except
his
own
determined
will.
Painter
devised
asmall
rubber
disc
with
a
metal
loop
by
which
the
disc
was
extracted,
which
when
compressed
into
a
groove
in
the
neck
of
the
bottle
made
a
more
or
less
effective
closure
forbeer.
But
for
carbonated
beverages,
which
were
put
up
under
stronger
pressure,
it
was
a
failure.
The
company
backing
the
patent
sank
$50,000
trying
to
make
a
successof
it.
In
the
meantime.
Painter
had
been
hard
at
work
tryingto
devise
something
that
would
be
really
satisfactory.
In
1
892
he
was
granted
a
patent
on
the
Crown
Seal,
the
familiar
corrugated
steel
disc
lined
with
cork
which
may
be
seen
todayon
count-
less
bottles
the
world
over.
This
was
at
last
the
right
bottle
seal
and
Painter
knew
it.
All
he
needed
now
was
bottles
to
affix
them
to.
To
holda
special
type
of
bottle
with
an
annular
ring
outside
the
mouth,
a
cap
was
required.
To
make
such
a
"crazy"
thing
as
a
new
type
of
container
was
scouted
by
bottle-makers.
They
simply
declined!
This
is
told
because
it
has
a
special
bearing
upon
Gillette's
experiences
with
the
razor.
The
great
fact
impressed
on
King's
mind
was
that
it
is
one
thing
to
invent
something
the
world
needs
and
another
thing
to
get
the
world
to
accept
it
after
it
is
finished.
Meanwhile
King
C.
Gillette
had
to
earn
his
salary
as
salesman
for
the
new-fangled
bottle
seal.
Then
along
came
a
big
brewery
in
St.
Louis
and
another
one
in
Milwaukee
who
were
convinced
of
the
value
of
the
new
seal.
They
placed
immense
orders
for
it
and
that
brought
the
bottle
factoriesto
their
senses.
Then
the
great
problem
for
Painter
was
to
fill
these
orders.
He
put
up
one
factory
after
another
andworked
[330]

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