John C. C. Mayo - Rise To Wealth

Rise To Wealth

During his teaching tenure, Mayo began to buy land and mineral rights in eastern Kentucky using his paltry teaching salary. He would in turn sell the land or the rights to the land to eastern iron and coal companies at a considerable profit, while convincing them to invest in exploration and mining of the region. As he continued to buy and sell options on land and minerals, he eventually became a partner, agent or representative for many of the large firms.

Read more about this topic:  John C. C. Mayo

Famous quotes containing the words rise to, rise and/or wealth:

    Loosed betwixt eye and lid, the swimming beams
    Of memory, blind school of cuttlefish,
    Rise to the air, plunge to the cold streams....
    Allen Tate (1899–1979)

    My beloved spake, and said unto me, Rise up, my love, my fair one,
    and come away.
    For lo, the winter is past, the rain is over and gone;
    The flowers appear on the earth; the time of the singing of birds is come, and the voice of the turtle is heard in our land;
    —Bible: Hebrew The Song of Solomon (l. II, 10–12)

    Say I’m weary, say I’m sad,
    Say that health and wealth have missed me,
    Say I’m growing old, but add,
    Jenny kissed me.
    Leigh Hunt (1784–1859)