Moses Yale Beach

Moses Yale Beach
Born (1800-01-07)January 7, 1800
Wallingford, Connecticut
Died July 18, 1868(1868-07-18) (aged 68)
Wallingford, Connecticut
Known for New York Sun
Associated Press
Children Alfred Ely Beach
Moses Sperry Beach
Relatives Elihu Yale, cousin
Brewster Yale Beach, great great grandson

Moses Yale Beach (January 7, 1800 – July 18, 1868) was an American inventor and publisher who started the Associated Press.

Biography

He was born in Wallingford, Connecticut. His father was a plain farmer, and gave him an ordinary education. He early showed a mechanical aptitude, and at 14 was apprenticed to a cabinetmaker. Before his term was up, he purchased his freedom and established a cabinet making business in Northampton, Massachusetts. The business failed, and he moved to Springfield. There he endeavored to manufacture a gunpowder engine for propelling balloons; but this enterprise was also a failure. He next attempted to open steam navigation on Connecticut river between Hartford and Springfield, and would have succeeded if financial difficulties had not obliged him to cease operations before his steamer was completed.

He then invented a rag-cutting machine for paper mills. The invention was widely used, but Beach derived no pecuniary benefit due to his tardiness in applying for a patent. He then settled in Ulster County, New York, where he invested in an extensive paper mill. At first he was successful, and after six years was wealthy; but after seven years an imprudent investment dispersed his fortune, and he was compelled to abandon his enterprise.

In the meantime though, he had married the sister of the founder and proprietor of the New York Sun, Benjamin Day. In 1835, he acquired an interest in the paper, then small, both in the size of its sheet and circulation. And with a $40,000 payment, he soon became sole proprietor.

During the Mexican–American War, U.S. President James K. Polk sent him to Mexico to arrange a treaty of peace; but the negotiations were broken off by a false report announcing the defeat of General Zachary Taylor by Mexican General Antonio López de Santa Anna.

He retired in 1857 with an ample fortune, and left the paper to his sons. He then returned to Wallingford. He was married twice and left five sons, Moses Sperry, Henry, Alfred Ely, Joseph and William, and one daughter.

References

    Wikimedia Commons has media related to Moses Yale Beach.
    This article is issued from Wikipedia - version of the 6/15/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.