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- Gordon_McKay abstract "Gordon McKay (1821–1903) was an American businessman and philanthropist. He was born in Pittsfield, Massachusetts. He was trained as an engineer, worked on a railroad, and then on the Erie Canal before he purchased a machine shop. Around 1844 McKay established this business, which grew to employ over 100 men. He later met J.C. Hoadley, a future business partner who would become known for creating portable steam engines. Eventually the company became known as McKay and Hoadley, In 1852, the workshop moved to the mill town of Lawrence, Massachusetts, where McKay eventually became the treasurer of the Lawrence Machine Shop. He met Lyman Reed Blake, who had applied for, and received, a patent from the United States government for his sewing machine for helping attach the soles of shoes to the upper of the shoe. This early sewing machine helped facilitate the production of low-cost shoes by eliminating the heavy work of hand sewing. Blake sold the patent to Gordon McKay a year afterwards for $80,000 in cash and a $62,000 share of future profits, and became an employee. McKay improved Blake's rather cumbersome system, and with the advent of the American Civil War his Gordon McKay Shoe Machinery Company made large profits through the manufacture of much needed boots. McKay's most original idea was to lease the machinery rather than sell it outright, collecting a small royalty on each pair of shoes made with his equipment, and over the years he amassed considerable wealth. By 1876, McKay was earning a staggering $500,000 per year in royalties.In its licensing and royalty arrangements, McKay's company received the legal assistance of Gardiner Greene Hubbard, who later became the first president of the Bell Telephone Company, which evolved to become the AT&T Corporation. As with McKay's company, the Bell Telephone Company chose to lease, rather than to sell its product, which in the case of the Bell Telephone Company became telephone service, and not the telephones themselves.".
- Gordon_McKay thumbnail Gordon_Mckay_philanthropist,_entrepreneur_and_engineer.jpg?width=300.
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- Gordon_McKay wikiPageRevisionID "678438571".
- Gordon_McKay wikiPageWikiLink AT&T_Corporation.
- Gordon_McKay wikiPageWikiLink Alexander_Melville_Bell.
- Gordon_McKay wikiPageWikiLink American_Civil_War.
- Gordon_McKay wikiPageWikiLink Bell_Telephone_Company.
- Gordon_McKay wikiPageWikiLink Category:1821_births.
- Gordon_McKay wikiPageWikiLink Category:1903_deaths.
- Gordon_McKay wikiPageWikiLink Category:Academic_awards.
- Gordon_McKay wikiPageWikiLink Category:People_from_Pittsfield,_Massachusetts.
- Gordon_McKay wikiPageWikiLink Category:Philanthropists_from_Massachusetts.
- Gordon_McKay wikiPageWikiLink Erie_Canal.
- Gordon_McKay wikiPageWikiLink Gardiner_Greene_Hubbard.
- Gordon_McKay wikiPageWikiLink Harvard.
- Gordon_McKay wikiPageWikiLink Harvard_John_A._Paulson_School_of_Engineering_and_Applied_Sciences.
- Gordon_McKay wikiPageWikiLink Harvard_Magazine.
- Gordon_McKay wikiPageWikiLink Harvard_School_of_Engineering_and_Applied_Sciences.
- Gordon_McKay wikiPageWikiLink Harvard_University.
- Gordon_McKay wikiPageWikiLink Lyman_Reed_Blake.
- Gordon_McKay wikiPageWikiLink Nathaniel_Shaler.
- Gordon_McKay wikiPageWikiLink Nathaniel_Southgate_Shaler.
- Gordon_McKay wikiPageWikiLink Pittsfield.
- Gordon_McKay wikiPageWikiLink Pittsfield,_Massachusetts.
- Gordon_McKay wikiPageWikiLink Steam_engine.
- Gordon_McKay wikiPageWikiLink File:Gordon_Mckay_philanthropist,_entrepreneur_and_engineer.jpg.
- Gordon_McKay wikiPageWikiLinkText "Gordon McKay Shoe Machinery Company".
- Gordon_McKay wikiPageWikiLinkText "Gordon McKay".
- Gordon_McKay hasPhotoCollection Gordon_McKay.
- Gordon_McKay wikiPageUsesTemplate Template:Cite_news.
- Gordon_McKay wikiPageUsesTemplate Template:Refbegin.
- Gordon_McKay wikiPageUsesTemplate Template:Refend.
- Gordon_McKay wikiPageUsesTemplate Template:Reflist.
- Gordon_McKay subject Category:1821_births.
- Gordon_McKay subject Category:1903_deaths.
- Gordon_McKay subject Category:Academic_awards.
- Gordon_McKay subject Category:People_from_Pittsfield,_Massachusetts.
- Gordon_McKay subject Category:Philanthropists_from_Massachusetts.
- Gordon_McKay hypernym Businessman.
- Gordon_McKay type Award.
- Gordon_McKay type Person.
- Gordon_McKay type Activist.
- Gordon_McKay type Award.
- Gordon_McKay comment "Gordon McKay (1821–1903) was an American businessman and philanthropist. He was born in Pittsfield, Massachusetts. He was trained as an engineer, worked on a railroad, and then on the Erie Canal before he purchased a machine shop. Around 1844 McKay established this business, which grew to employ over 100 men. He later met J.C. Hoadley, a future business partner who would become known for creating portable steam engines.".
- Gordon_McKay label "Gordon McKay".
- Gordon_McKay sameAs m.0px_r8p.
- Gordon_McKay sameAs Q5585545.
- Gordon_McKay sameAs Q5585545.
- Gordon_McKay wasDerivedFrom Gordon_McKay?oldid=678438571.
- Gordon_McKay depiction Gordon_Mckay_philanthropist,_entrepreneur_and_engineer.jpg.
- Gordon_McKay isPrimaryTopicOf Gordon_McKay.