We soon discovered, as the business grew, that the primary method of transporting oil in barrels could not last. The package often cost more than the contents, and the forests of the country were not sufficient to…
The first regiments of Union troops passing through Baltimore had been attacked, and the railway line cut between Baltimore and Annapolis Junction, destroying communication with Washington. It was therefore necessary…
Adam Smith:The Wealth of Nations, Book IV, Chapter V, Paragraph 1172
Adam Smith《The Wealth of Nations》· Book IV, Chapter V · Investing
The real effect of the bounty is not so much to raise the real value of corn, as to degrade the real value of silver; or to make an equal quantity of it exchange for a smaller quantity, not only of corn, but of all other home made commodities; for the money price of corn regulates that of all other home made commodities.
The first regiments of Union troops passing through Baltimore had been attacked, and the railway line cut between Baltimore and Annapolis Junction, destroying communication with Washington. It was therefore necessary…
John D. Rockefeller:Random Reminiscences of Men and Events, Excerpt 38
John D. Rockefeller《Random Reminiscences of Men and Events》· Chapter II · Leadership
It was a great thing to be my own employer. Mentally I swelled with pride--a partner in a firm with $4,000 capital! Mr. Clark attended to the buying and selling, and I took charge of the finance and the books. We at once began to do a large business, dealing in carload lots and cargoes of produce. Naturally we soon needed more money to take care of the increasing trade. There was nothing to do but to attempt to borrow from a bank. But would the bank lend to us?
Henry Ford《My Life and Work》· Chapter II · Leadership
The Edison Company offered me the general superintendency of the company but only on condition that I would give up my gas engine and devote myself to something really useful. I had to choose between my job and my automobile. I chose the automobile, or rather I gave up the job--there was really nothing in the way of a choice. For already I knew that the car was bound to be a success. I quit my job on August 15, 1899, and went into the automobile business.