. History of Milwaukee, city and county . ucks andpropelled by a steam engine. The second machine was gear driven and includedseveral improvements on the first, although the basic idea was retained. From thattime forward the success of Mr. Smith was assured. His concrete mixer soon be-came known throughout the world, proving to be a most efficient machine, not onlyfor mixing concrete but for mixing other materials, such as the glass batch, core-sand,fertilizers, chemicals and baking powder. A contemporary biographer, writing of his business career from this timeforward, has said: He succeeded
. History of Milwaukee, city and county . ucks andpropelled by a steam engine. The second machine was gear driven and includedseveral improvements on the first, although the basic idea was retained. From thattime forward the success of Mr. Smith was assured. His concrete mixer soon be-came known throughout the world, proving to be a most efficient machine, not onlyfor mixing concrete but for mixing other materials, such as the glass batch, core-sand,fertilizers, chemicals and baking powder. A contemporary biographer, writing of his business career from this timeforward, has said: He succeeded in making an arrangement with Doelger andKirsten, machinists, whereby his machines were made on credit, payment being madewhen he received settlement from the buyer. In this manner he built up his capitaluntil he had enough money to organize, with two cousins, the Smith Machine Com-pany, which company took over the manufacture of the mixers. They started in asmall shed but soon rented larger quarters from the Grant Marble Company. In the. THOMAS L. 8MITH HISTORY OF .MILWAUKEE 459 meantime Mr. Smith continued to conduct liis own sales and finances under the nameof T. L. Smith. Growtli was so rapid that in 1905 Mr. Smith organized a corporation known asThe T. L. Smith Company, to handle the sales and finances. Manufacturing was stillcarried on by the Smith Machine Company until The T. L. Smith Company took overthe Smith Machine Company and the Wisconsin Foundry Company, a subsidiary com-pany, which had been furnishing grey iron castings to the Smith Machine Company,Summarizing the growth of the business, Mr. Smith started in 1900 with a capital ofabout five hundred dollars, while in 1921 The T. L. Smith Company had assets of overone million, two hundred thousand dollars! The T. L. Smith Company represents only one of Mr. T. L. Smiths successfulbusiness ventures. In 1905 Mr. Smith purchased a controlling interest in the SterlingWheelbarrow Company, then a small, struggling concern
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