Saturday, January 24, 2009

Industry

New Babbage and Industry ... Really ...

With so much going on in so many Places I thought I would take a moment for a review here
My topic Industry and New Babbage ... being it has become one of the places I have spent a great deal of time for the past almost nine months now ..

Let me state here it was the people that caught my heart mind and spirit next the builds!!
Let me also state I was raised in a small town on the east coast .. Perhaps thru history and legends some have heard of it Tarrytown New York along the Hudson river ..I did not just pass thru but my childhood home was there and kept for over 30 years .. I do know something of the rich history and the surrounding area . In fact it has been a deep passion of mine as I have made a point to not only support it but work for and with it over decades .. so what some might think .. well please take the time and read on please ...

I got a kick when I learned that Jay Gould was an icon and some what of a hero to the Mayor . When I tried to share information and converse on the topic I was always shunned .. smile.. and that's alright funny thing about real Jay Gould he really wasn't a very nice man .. It has taken historians to clean up the said tails about him .. Alas the only real quote of said value that has been noted by him is and I quote ... (( You decide *grins* what kind of man he was ))

"I can hire one half of the working class to kill the other half". Jay Gould

Nice guy Aye !!


Rather then me ramble let me share some Jay Gould facts .. Rail road Man .. and American Financier .. Robber Baron !!

Jason "Jay" Gould (May 27, 1836December 2, 1892) was an American financier who became a leading American railroad developer and speculator. Although he was long vilified as an archetypal robber baron, modern historians have discounted various myths about him and evaluated his career more positively.

He married and had six children !

In his lifetime and for a century after, Gould had a firm reputation as the most unscrupulous of the 19th century American businessmen known as robber barons. Many times he allowed his rivals to believe that he was beaten, then sprang some legal or contractual loophole on them that completely reversed the situation and gave him the advantage. He had no scruples about using stock manipulation and insider trading (which were then legal but frowned upon) to build capital and to execute or prevent hostile takeovers. As a result, many contemporary businessmen did not trust Gould and often expressed contempt for his approach to business. Even so, John D. Rockefeller named him as the most skilled businessman he ever encountered.
The New York City press published many rumors about Gould that biographers passed on as fact. For example, they alleged that Gould's dealings in the tanning business drove his partner Charles Leupp to suicide. In fact, Leupp had episodes of mania and depression that psychiatrists would now recognize as indications of bipolar disorder, and his family knew that this, not his business dealings, caused his death. These biographers portrayed Gould as a parasite who extracted money from businesses and took no interest in improving them. He was often suspected of being Jewish due to his name and business acumen as well as his large nose, and was depicted in anti-semitic caricatures, even though he was born a Presbyterian and married an Episcopalian.
More recent biographers, including Maury Klein and Edward Renehan, have reexamined Gould's career with more attention to primary sources. They have concluded that fiction often overwhelmed fact in previous accounts, and that despite his methods, Gould's objectives were usually constructive.In his lifetime and for a century after, Gould had a firm reputation as the most unscrupulous of the 19th century American businessmen known as robber barons. Many times he allowed his rivals to believe that he was beaten, then sprang some legal or contractual loophole on them that completely reversed the situation and gave him the advantage. He had no scruples about using stock manipulation and insider trading (which were then legal but frowned upon) to build capital and to execute or prevent hostile takeovers. As a result, many contemporary businessmen did not trust Gould and often expressed contempt for his approach to business. Even so, John D. Rockefeller named him as the most skilled businessman he ever encountered. (( But I could do another whole Blog post on John D Rockefeller and his clan *smiles* ))

A wee bit more ........
After being forced out of the Erie Railroad, Gould started, in 1879, to build up a system of railroads in the Midwest by gaining control of four western railroads, including the Union Pacific and the Missouri Pacific Railroad. In 1880, he was in control of 10,000 miles (16,000 km) of railway, about one-ninth of the length of rail in the United States at that time, and, by 1882, he had controlling interest in 15% of the country's tracks. Gould withdrew from management of the UP in 1883 amidst political controversy over its debts to the federal government, realizing a large profit for himself.
Gould also obtained a controlling interest in the Western Union telegraph company, and, after 1881, in the elevated railways in New York City. Ultimately, he was connected with many of the largest railway financial operations in the United States from 1868-1888. During the Great Southwest Railroad Strike of 1886 he hired strikebreakers; according to labor unionists, he said at the time, "I can hire one half of the working class to kill the other half."

Death

The mausoleum of Jay Gould
Gould died of tuberculosis on December 2, 1892 and was interred in the Woodlawn Cemetery in The Bronx, New York. His fortune was conservatively estimated to be $72 million for tax purposes. Although a donor to charity from the 1870s onward, he willed all of his fortune to his family. At the time of his death, Gould was a benefactor in the reconstruction of the Reformed Church of Roxbury, now the Jay Gould Memorial Reformed Church. The family mausoleum was designed by Francis O'Hara (1830-1900) of Ireland. Gould's mausoleum contains no external identification. (( Now that is ...Interesting isn't it !! ))

Now we come to Industry ...
lets look at the meaning of it first shall we ??

An industry (from Latin industrius, "diligent, industrious") is the manufacturing of a good or service within a category.[1] Although industry is a broad term for any kind of economic production, in economics and urban planning industry is a synonym for the secondary sector, which is a type of economic activity involved in the manufacturing of raw materials into goods and products.[1]

There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction, and manufacturing; the tertiary sector, which deals with services (such as law and medicine) and distribution of manufactured goods; and the quaternary sector, a relatively new type of knowledge industry focusing on technological research, design and development such as computer programming, and biochemistry. A fifth quinary sector has been proposed encompassing nonprofit activities. The economy is also broadly separated into public sector and private sector, with industry generally categorized as private.
Industry in the sense of manufacturing became a key sector of production in European and North American countries during the Industrial Revolution, which upset previous mercantile and feudal economies through many successive rapid advances in technology, such as the steel and coal production. It is aided by technological advances, and has continued to develop into new types and sectors to this day. Industrial countries then assumed a capitalist economic policy. Railroads and steam-powered ships began speedily establishing links with previously unreachable world markets, enabling private companies to develop to then-unheard of size and wealth. Following the Industrial Revolution, perhaps a third of the world's economic output is derived from manufacturing industries—more than agriculture's share.

What's the Point ?? Industry is not just factories . People are quick to forget the importance of a rail road .. (( blows my mind )) but carry on About the passion about industry ..
What the industrial revolution did for we as a people was provide so much .. Indeed Industry moves forward but if you drive around these old east coast towns .. and New England and you see the empty factories it is quite sad .. it is like toys were left as lives moved on ..

Charity is so important .. Give of your selves your hearts mind and spirits and yes lindens too !!
Care about what you believe in but don't tear down what was nor what can be in theme and spirit because when we start tearing down characters and spirits then we hurt not only an info structure but a heart and No one has the right to do this !!
Ah there might not be a law for it but there is proof of the damage it causes ..
For a broken Spirit is with out a doubt one of the saddest and heartbreaking forms of destruction there is .. Trust me I know ............................

1 comment:

Kitty said...

Jefferson Gould is Shaun's mentor and came up with the original idea of Babbage.

Jefferson Gould.