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"The
little-known stories behind well-known inventions"
After two failed
businesses, inventor proves that third time is the charm
By Paul Niemann
[SEPT. 8,
2005]
The inventor was born in 1857 on a farm in Derry
Church, Pa. Since his middle name was Snavely (I kid you not), we'll
just use his first name, which was Milton. Despite being in a very
competitive industry, his main product has been a top seller for
more than 100 years. The inventor might not be in a class by
himself, but it sure doesn't take long to call roll.
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Things weren't always so
good for this young inventor, though. Milton's family didn't have
much and, after two business failures, he was nearly broke at age
30. Despite this, he went on to create products that have been
enjoyed by probably every man, woman and child in this country.
Milton's first company was a candy company that he started in
Philadephia in 1876. It failed after six years, so he tried again
later that same year with another candy company. That business
failed too. Nearing bankruptcy in 1890, he started his third
company, a caramel company that he named the Lancaster Caramel
Company, and this one succeeded. It was located in Lancaster, Pa.
After the success of the Lancaster Caramel Company, which he sold
for $1 million, he started another company a few years later and
named it after himself. The company bears his name to this day. The
main product was a candy bar that carries Milton's name.
Milton even has a town named after him. No, it's not Milton, Pa.
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in this article]
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His company is located in Hershey, Pa. As in Milton Hershey, the
inventor of the Hershey candy bar and founder of the Hershey Foods
Corporation. There are a lot of successful inventors who build
successful companies around their products, but there aren't too
many who can build company towns around the company.
Milton Hershey's legacy includes much more than just candy bars,
though. Not having much of an education himself, Milton and his
wife, Catherine, used their wealth to fund numerous schools in
Hershey. One of those schools is the Milton Hershey School for
Orphans, which they started in 1909. The school is still in
existence today, as is the town of Hershey.
The company is doing pretty well too. It has more than 13,000
employees worldwide and rings up more than $4 billion in sales every
year, exporting to more than 90 countries.
[Paul Niemann]
Paul Niemann may be reached at
niemann7@aol.com.
© Paul Niemann 2005
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