Emerson Electric Company
In 1890, Emerson met two Scottish orphans, Alexander and Charles Meston, who wanted to manufacture electrical and mechanical devices. He provided $50,000 start-up capital and lent his name to a new corporation creating the “Emerson Electric Manufacturing Company”, and served as the company’s first President from 1890 to 1892.
In 1892, Emerson retired, selling his interest in Emerson Electric to Herbert L. Parker, a former railroad executive.
Read more about this topic: John Wesley Emerson
Famous quotes containing the words emerson, electric and/or company:
“When I go into my garden with a spade, and dig a bed, I feel such an exhilaration and health, that I discover that I have been defrauding myself all this time in letting others do for me what I should have done with my own hands.”
—Ralph Waldo Emerson (1803–1882)
“The sight of a planet through a telescope is worth all the course on astronomy; the shock of the electric spark in the elbow, outvalues all the theories; the taste of the nitrous oxide, the firing of an artificial volcano, are better than volumes of chemistry.”
—Ralph Waldo Emerson (1803–1882)
“More company increases happiness, but does not lighten or diminish misery.”
—Thomas Traherne (1636–1674)