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:
“My beloved spake, and said unto me, Rise up, my love, my fair one,
and come away.
For lo, the winter is past, the rain is over and gone;
The flowers appear on the earth; the time of the singing of birds is come, and the voice of the turtle is heard in our land;”
—Bible: Hebrew The Song of Solomon (l. II, 10–12)
“But the golden-rod is one of the fairy, magical flowers; it grows not up to seek human love amid the light of day, but to mark to the discerning what wealth lies hid in the secret caves of earth.”
—Margaret Fuller (1810–1850)