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:
“To-morrow I will have finished four-score years. I have lived to rise from the most despised and hated woman in all the world of fifty years ago, until now it seems as if I am loved by you all. If this is true, then I am indeed satisfied.”
—Susan B. Anthony (1820–1906)
“It is uncomfortable to ask condemned people about their sentences just as it is awkward to ask wealthy people why they need so much money, why they use their wealth so poorly, and why they don’t just get rid of it when they recognize that it is the cause of their unhappiness.”
—Anton Pavlovich Chekhov (1860–1904)