On Entrepreneurs

Randall Stross, in his book “The Wizard of Menlo Park,” recounts a story widely circulated at the time about the drive of Edison, Ford, Firestone and Coolidge to the local factory during their visit in 1924 to Plymouth Notch:

      Something went wrong with the car and they stopped near a farmhouse. The farmer came over to the party and offered his help and at the same time started to lift the hood when Mr. Ford stopped him and said: ‘There’s nothing the matter with that engine: I’m Henry Ford and I know all about engines.’ The farmer then suggested the trouble might be in the battery and Mr. Edison spoke up and said: ‘No, I’m Thomas A. Edison and I know all about batteries. That one is all right.’ The farmer began to look incredulous but tried again by suggesting the tires needed air and offered to pump them up, but Mr. Firestone put in with, ‘No, I’m Harvey Firestone and I made those tires; they’re just right.’ The farmer exploded at this with, ‘Well, Ford, Edison, and Firestone, eh? I reckon that little runt in the back seat’s Calvin Coolidge?’ (pp.256-7).

While hardly flattering of Coolidge, who was taller than Ford and the same height as Edison, it does carry a humorous element of truth. It prompts the question regarding these inventive entrepreneurs, “where would we be today without these men?” Edison alone would produce 1,093 patentable inventions during his lifetime, twenty-one of which were completed during the Coolidge years alone. These included not only batteries and phonograph cabinets but also the development of his unique process for extracting rubber from plants. These men were not politicians. They had not the temperament for careers on the government payroll, holding secure office jobs with ample benefits packages. It was the freedom to create, experiment and innovate — to fail and to succeed — that made their contributions possible. They worked endless hours, invested their own money and demanded excellence in their results. They owed nothing to government grants or federal patronage for who they were or what they accomplished. They remained free men, inspirations of the rewards of hard work, perseverance and ingenuity. As Coolidge would reflect on them in May 1931, just five months before Edison’s death, “The experience, skill and wisdom necessary to guide business cannot be elected or appointed. It has to grow up naturally from the people. The process is long and fraught with human sacrifice, but it is the only one that can work. Edison and Ford are not government creations.” A higher compliment to an individual’s creativity and self-reliance could not be offered.

ImageImageImage

Edison in front of his banyan trees, across the way from his winter home; Ford bust in the Edison-Ford Estates Museum and Edison’s awesome laboratory, all in Fort Myers, Florida.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s