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 and/or wealth:
“If you should rise from Nowhere up to Somewhere,
From being No one up to being Someone,
Be sure to keep repeating to yourself
You owe it to an arbitrary god....”
—Robert Frost (1874–1963)
“What wealth is it to have such friends that we cannot think of them without elevation!”
—Henry David Thoreau (1817–1862)