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:
“The world is his, who has money to go over it.”
—Ralph Waldo Emerson (1803–1882)
“Wisdom is like electricity. There is no permanently wise man, but men capable of wisdom, who, being put into certain company, or other favorable conditions, become wise for a short time, as glasses rubbed acquire electric power for a while.”
—Ralph Waldo Emerson (1803–1882)
“We noticed several other sandy tracts in our voyage; and the course of the Merrimack can be traced from the nearest mountain by its yellow sand-banks, though the river itself is for the most part invisible. Lawsuits, as we hear, have in some cases grown out of these causes. Railroads have been made through certain irritable districts, breaking their sod, and so have set the sand to blowing, till it has converted fertile farms into deserts, and the company has had to pay the damages.”
—Henry David Thoreau (1817–1862)