engine was completed at the end of 1893. By 1896 he had completed his first horselesscarriage, the “Quadricycle,” so called because the chassis of the four-horsepower vehiclewas a buggy frame mounted on four bicycle wheels. Unlike many other automotiveinventors, including Charles Edgar and J. Frank Duryea,Elwood Hayes, Hiram Percy Maxim, and his Detroitacquaintance Charles Brady King, all of whom had builtselfpowered vehicles before Ford but who held on to their creations. Ford sold his to finance work on a second vehicle,and a third, and so on.During the next seven years he had various backers, some of whom, in 1899,formed the Detroit Automobile Company (later the Henry Ford Company), but alleventually abandoned him in exasperation because they wanted a passenger car to put onthe market while Ford insisted on improving whatever model he was working on, sayingthat it was not yet ready for customers. He built several racing cars during these years,including the “999” racer driven by Barney Oldfield, and set several new speed records. In1902 he left the Henry Ford Company, which subsequently reorganized as the CadillacMotor Car Company. Finally, in 1903, Ford was ready to market an automobile. The Fordcompany was incorporated, this time with a mere $28,000 in cash put up by ordinarycitizens, for Ford had, in previous dealings with backers, antagonized the wealthiest men inDetroit.
Taylor’s Early Life
Frederick W. Taylor was born in Philadelphia, PA, March 20, 1856. Taylor wasthe son of a lawyer. He entered Phillips Exeter Academy in New Hampshire in 1872,2