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:
“When we raise our children, we relive our childhood. Forgotten memories, painful and pleasurable, rise to the surface.... So each of us thinks, almost daily, of how our own childhood compares with our children’s, and of what our children’s future will hold.”
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