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William Deering (April 25, 1826 – December 9, 1913) was an American businessman and philanthropist. He inherited a woolen mill in Maine , but made his fortune in later life with the Deering Harvester Company .
Apr 21, 2024 · William Deering (born April 25, 1826, South Paris, Maine, U.S.—died Dec. 9, 1913, Coconut Grove, Fla.) was an American businessman and philanthropist whose company was at one time the largest agricultural-implement manufacturer in the world. Deering helped manage his family’s woolen mill in South Paris in western Maine.
- The Editors of Encyclopaedia Britannica
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Aug 1, 2003 · Apparently tired of the dry goods business, and with $40,000 burning a hole in his pocket, William Deering arrived in Chicago looking for a place to invest his money. Gammon was originally from Maine and knew Deering, who immediately agreed to sink his money in the new firm. Two years later, the company thrived.
Born in South Paris, Maine, William Deering intended to study medicine but, because of his father's need for help in his woolen mill, went to work there instead. During the next 20 years he made a considerable fortune selling woolen goods and speculating in western lands. In 1870 he lent $40,000 to E. H. Gammon, who was manufacturing the Marsh ...
Oct 9, 2008 · William Deering, who amassed a fortune through a dry goods business, was seeking new opportunities in 1870. An old acquaintance, Elijah H. Gammon, convinced Deering to invest in his harvester manufacturing business. By 1872, he became a full partner in the company. In 1880, Deering bought Gammon’s share of the business.
Oct 24, 2019 · Deering’s factory on the north side employed at least 7,000, though McCormick was a larger company in total. After Cyrus McCormick died in 1884, his widow (twenty-six years younger than Cyrus) and his son Cyrus, Jr. took over the company and continued to build the business. William Deering was getting older and wanted to sell.
The Deering family, originally of South Paris, Maine, built what became one of the largest corporations in the United States, the International Harvester Company. William Deering and his sons, Charles and James, incorporated their original company in 1883 in Illinois but its reach was ultimately global in the industrialization of agriculture.
