On Entrepreneurs

Randall Stross, in his book “The Wizard of Menlo Park,” recounts a story widely circulated at the time about the drive of Edison, Ford, Firestone and Coolidge to the local factory during their visit in 1924 to Plymouth Notch:

      Something went wrong with the car and they stopped near a farmhouse. The farmer came over to the party and offered his help and at the same time started to lift the hood when Mr. Ford stopped him and said: ‘There’s nothing the matter with that engine: I’m Henry Ford and I know all about engines.’ The farmer then suggested the trouble might be in the battery and Mr. Edison spoke up and said: ‘No, I’m Thomas A. Edison and I know all about batteries. That one is all right.’ The farmer began to look incredulous but tried again by suggesting the tires needed air and offered to pump them up, but Mr. Firestone put in with, ‘No, I’m Harvey Firestone and I made those tires; they’re just right.’ The farmer exploded at this with, ‘Well, Ford, Edison, and Firestone, eh? I reckon that little runt in the back seat’s Calvin Coolidge?’ (pp.256-7).

While hardly flattering of Coolidge, who was taller than Ford and the same height as Edison, it does carry a humorous element of truth. It prompts the question regarding these inventive entrepreneurs, “where would we be today without these men?” Edison alone would produce 1,093 patentable inventions during his lifetime, twenty-one of which were completed during the Coolidge years alone. These included not only batteries and phonograph cabinets but also the development of his unique process for extracting rubber from plants. These men were not politicians. They had not the temperament for careers on the government payroll, holding secure office jobs with ample benefits packages. It was the freedom to create, experiment and innovate — to fail and to succeed — that made their contributions possible. They worked endless hours, invested their own money and demanded excellence in their results. They owed nothing to government grants or federal patronage for who they were or what they accomplished. They remained free men, inspirations of the rewards of hard work, perseverance and ingenuity. As Coolidge would reflect on them in May 1931, just five months before Edison’s death, “The experience, skill and wisdom necessary to guide business cannot be elected or appointed. It has to grow up naturally from the people. The process is long and fraught with human sacrifice, but it is the only one that can work. Edison and Ford are not government creations.” A higher compliment to an individual’s creativity and self-reliance could not be offered.

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Edison in front of his banyan trees, across the way from his winter home; Ford bust in the Edison-Ford Estates Museum and Edison’s awesome laboratory, all in Fort Myers, Florida.

A Short Walk Through Coolidge Literature

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As we await Amity Shlaes’ long-anticipated “Coolidge” on Tuesday, I think back on the lengthy line of treatments he has received since Robert M. Washburn’s “First Biography” was printed in 1920. In 1923, when Washburn produced his revised 169-page biography under the same title, the President was given a copy to critique. Not one given to self-promotion, he had refused to allow his collection of speeches published as “Have Faith in Massachusetts” to be circulated during the 1920 campaign. But Washburn’s style caught his attention so much so that Coolidge was soon showing off the first chapter of the book to Bruce Barton, “Pretty good, isn’t it?” he proudly declared (Fuess 493). A number of the earliest efforts to both understand who Coolidge was and how to relate that to others fell short in the rush to the printers. Fellow Amherst alumni (like Robert A. Woods), fellow state legislators (like Roland Sawyer), relatives of friends (like Richard Scandrett, brother-in-law of Dwight Morrow) and Boston journalists (like Michael Hennessy and Edward E. Whiting) would all make attempts to capture their elusive subject for curious readers. Then there were those who knew him from childhood, like his former schoolteacher, Edward C. Carpenter, who wrote “The Boyhood Days of President Calvin Coolidge” in 1925. His secretary, C. Bascom Slemp, collected a broad range of the President’s comments on various subjects and organized them for publication as “The Mind of the President” in 1926. Neither vain nor pretentious, the President underscored his political consistency when he had an opportunity to mention the book during one of his bi-weekly press conferences on March 12, 1926, after a copy had been brought to him. “Glancing at it I see that it is very well indexed and there is topically arranged in the book things that I have said in relation to a great many subjects. I think your offices ought to provide each one of you with a copy of the book.” When the pressmen asked for his autograph in each copy, he dryly retorted, “Yes, I would be glad to, and whenever you want to know what my position is on any subject, if you will just glance at that index it will very quickly refer you to a place in the book where you can learn what I have said in relation to a very great many different subjects” (“The Talkative President,” p.27). Talk about consistency! His positions were not driven by popular sentiment.

There were also those who, like disgruntled Ike Hoover, had an ax to grind when it came to Coolidge. Their treatments tell us far more about the writer’s prejudices than they honestly reveal about their supposed subject. The efforts to discredit the man came quickly on the wings of his retirement, like with Duff Gilfond’s sarcastic lampoon, “The Rise of Saint Calvin,” (read in the fall of 1932 by the former President, Fuess p.463) Others, would follow in the steps of “New Deal” historians years later, who had to discredit Coolidge in order to validate the policies of his successors. As Jim Cooke has said, however, “friends don’t let friends read” William Allen White’s “Puritan in Babylon” without first reading Sheldon Stern’s essay on the Coolidge Stereotype (http://www.calvin-coolidge.org/william-allen-white.html). I don’t recommend wasting those precious hours of your life wading through White at all. Donald McCoy would channel the “approved history” when he, in “Quiet President,” discarded Coolidge’s political outlook as too simplistic and inept for what America needed (p.56). Apparently, for “New Deal” historians, what is needed is more government, more spending and less economic and political freedom. Thomas Silver has superbly dissected these unjust biases of historical reporting in his “Coolidge and the Historians.” In truth, “Silent Cal” speaks clearer and more directly to America’s needs than they will admit. Since President Reagan replaced Jefferson’s portrait with that of Coolidge’s, a renewal of appreciation for the man has been growing. Up to that time, the only worthwhile, full-length biography of Coolidge was by Claude M. Fuess entitled “Calvin Coolidge: The Man From Vermont,” written forty years before! Certainly, since that biography an accumulating body of work has been done by Edward C. Lathem, Howard Quint, Robert Ferrell and others to recover the truth about the man buried underneath a mountain of historical misinformation. The Calvin Coolidge Memorial Foundation has kept the fires burning through it all. The return of Coolidge’s writings and speeches to publication in no small way enables a renewal of appreciation for him and his accomplishments. The best introduction to Coolidge is found in his own words. “The Autobiography,” “Have Faith in Massachusetts,” “The Price of Freedom” and “Foundations of the Republic” are the greatest starting points to meet the man.

In the last forty years we have seen the work of a “great cloud of witnesses” including Marvin Stone, John Earl Haynes, Paul Johnson, Robert Sobel, Jerry Wallace, Hendrik Booraem V, J. R. Greene, David Pietrusza, John Derbyshire, Peter Hannaford, Jim Cooke and Amity Shlaes (among a multitude of others) who have and continue to help bring Coolidge and his principles out of the “silence” they have been held for far too long. To appreciate who he was and what he accomplished is not merely some abstract exercise or reactionary dream, it has direct bearing on our future. It furnishes us today with a proven course that, if implemented, charts the way out of enslaving debt and the institutionalized repression of our experiment in self-government began that summer of 1776.

Reagan on the Thirtieth President

When Reagan and Coolidge come up in the same sentence, it usually has something to do with Reagan’s placement of Coolidge’s portrait in the Cabinet Room shortly after Reagan’s inauguration in 1981. But not as well known is the radio program in which Reagan explained his reasons for recognizing the hidden worth of this predecessor. If the press corps had been tuning in during August of 1975, they might have better understood Reagan’s actions six years later. They might also have paused to consider what Coolidge accomplished, but then that could be asking too much. On this sixth day of February, Reagan’s one hundred and second birthday, here is an excerpt from that program entitled “Images,”

“Some day it might be worthwhile to find out how images are created–and even more worthwhile to learn how false images come into being…All of us have grown up accepting with little question certain images as accurate portraits of public figures–some living, some dead. Very seldom if ever do we ask if the images are true to the original. Even less so we question how the images were created. This is probably more true of Presidents in our country because of the intense spotlight which centers on their every move…One was Calvin Coolidge the dry, unexciting New Englander who is more often than not remembered as a lacklustre almost laughable figure who just happened to live in the White House for a while…Are these…images true or false? I’ll list a few facts & you can figure out the answer for yourself. Calvin Coolidge–the man H. L. Mencken said had been weaned on a pickle. Was he a kind of do nothing President in one of those lulls in our Nation’s history? If so we should have such lulls today. There was better than full employment–jobs were competing for workers. The cost of living went down 2.3%, the Federal budget was actually reduced and some of the National debt accumulated in WWI was paid off. During Silent Cal’s presidency the number of automobiles owned by Americans tripled and a great new industry, radio, went from $60 million in sales to $842 million. They laughed when Calvin Coolidge said ‘the business of America is business,’ but we had true peace & prosperity–those things we are promised so often but given so seldom…Well as I say you can make up your own mind about the images versus the man but maybe we ought to go back and see what they did that we aren’t doing. This is Ronald Reagan–Thanks for listening” (“Reagan In His Own Hand” pp.252-3). Image Image