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  A. B. Farquhar

A Review of A. B. Farquhar's "The First Million the Hardest"

Date Published: June 28, 2021
​Date Modified: January 1, 2024
A high-quality, black-and-white slide with a picture of A. B. Farquhar and a picture of his book:
This biography of A. B. Farquhar was published in 1922 and is sometimes entitled The First Million the Hardest and sometimes The Autobiography of A. B. Farquhar with a first chapter entitled "The First Million the Hardest." It was an absolute pleasure to read.

Again I have to start a review with the statement that this was an industrialist of the early 20th Century that I had never read about. ​An industrialist, though, that put his farm equipment on the land of possibly every farmer in the northeast of the time.
​A Review of "The First Million the Hardest" by A. B. Farquhar with Samuel Crowther
  • Reviews of the Day: 1922
  • Selected Quotes from "The First Million the Hardest"
  • This Author’s Thoughts and Perceptions
 Reviews of the Day: 1922
"The book is the straightforward account of a lifetime's endeavors that started before the Civil War and covered seventy years of the history of this country. … It is from excellent cloth such as this that Mr. Farquhar's book is cut. He gives a vivid picture of the upbuilding of the country, particularly the South. …

​"His own business was gutted by fire, but he built it up again. He was ruined at the time of the great panic, but once again set to work. He knew Garfield, Cleveland, Roosevelt, and a host of notables. 'The First Million the Hardest' is a book that can be recommended to all."
The York Gazette and Daily, August 16, 1922
Picture of A. B. Farquhar, President of Farquhar Company, Ltd.
"The title of this strong and sterling book is exceedingly ill-chosen, it gives a wrong idea of the book itself, suggesting that it is a mere first-hand story of the accumulation of brute wealth, money, dollars, hard cash.

​"The book is in reality not in the least like this; it is the sane, sober, dignified record of a fine life. … It would be a good thing if every ambitious school-boy, whose ideal of "success" is the bare, rapid accumulation of money, should study this fine record of a life which typifies the best in old-fashioned Americanism."
The Harford Courant, August 20, 1922
 Selected Quotes/Stories from "The First Million the Hardest"​​
This was a book like Henry Ford's that is bookmarked everywhere with fun quotes, blunt talk and great stories from a chief executive. One of the best stories involves what Mr. Farquhar observes one day as General Grant, obviously upset, hops on his horse and gallops off in the direction of the White House. The rest is history.

​Read that story "The Day General Grant Stood Against a Sitting President" by selecting the image provided.
Lincoln sitting with a child with the tagline: The American General Who Stood for Justice.
A link to General Grant's story
​Some of the best quotes are in stories that Mr. Farquhar shares about his peers and political acquaintances:

  • Thomas Carlyle quote: "There are but two ways of getting a living, a man must either work or steal."

  • "There was no mutuality among either banks or bankers [during the latest bank panic]. They might join in a profit but never in a loss."

  • J. L. Mott at Iron and Steel Association Meeting: "If my foresight were as good as my hindsight I should be better off by a damned sight."
Picture
An Autobiography of A.B. Farquhar
  • ​"Panics do not teach logic."
​​
  • ​"A man can today more easily do in a couple of hours all that we could do then in a day; but compressing so many of our old days into a single day makes for an intensity of work that cannot well be kept up through the long hours that we worked then.

    ​"
    Many of the older men kill themselves by trying to work through the hours they used to work; they do not realize that the score and not the hours is what counts.
"Under modern conditions they should not attempt to work twelve hours a day. I am not certain that eight or any other arbitrary figure is right. It all depends upon the work. It is hard to get away from calculating work by hours instead of by results."
This description of Abraham Lincoln from the book is wonderful
"Exactly at half past four the President came out. Since I had seen him at his first inauguration his face had grown sadder but his eye even more kindly. And he had taken on a kind of simple majestic dignity that seemed more of the soul than of person—a dignity and a majesty that one felt rather than saw.

​"No painting, no statue, no attempt at re-creation of him on the stage, has ever given even a suggestion of this surrounding quality, of this atmosphere that came from him and lifted him away from the rut of ordinary mortals."
A. B. Farquhar, The First Million the Hardest
 This Author's Thoughts and Perceptions
Picture of Farquhar Special Elevator Potato Digger.
Again I have to start a review with the statement that this was an industrialist of the early 20th Century that I had never read about. This biography of A. B. Farquhar published in 1922 is sometimes entitled The First Million the Hardest. It was an absolute pleasure to read.

​An industrialist, though, that put his equipment on the land of possibly every farmer in the northeast of the time.
​The selection below of farm implements from one of Farquhar's catalogs seems to make this point.

Cheers,

​- Pete

Return to the Industrialist Bibliography Home Page
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  • 21st Century IBM
    • Corporate Performance >
      • Comparing KPIs
      • Brand Performance >
        • Forbes' Best Employer
      • Patent Performance >
        • 2021 Patent Performance
        • 2020 Patent Performance
        • 2019 Patent Performance
        • 2018 Patent Performance
      • Revenue Performance
    • Corporate Practices >
      • Acquisitions >
        • Acquisition: Red Hat >
          • A $35 Billion Gamble
          • IBM + Red Hat 2019 Results
        • Acquisitions: Goodwill
        • Acquisitions: Since 2001
      • Centralization >
        • A Lost Federation
        • The Need to Decentralize
      • Divestitures >
        • Kyndryl Analysis
        • Kyndryl Top Questions
        • Martin Schroeter
      • Employees >
        • Resource Actions
        • Age Discrimination >
          • Cutting Old Heads
        • Employee Engagement
        • Aren't Buying Into IBM
        • Massive Work Slowdown
        • Failure of Work at Home
      • Financial Engineering >
        • Workforce Rebalancing
        • Aggressive Bookkeeping
      • Shareholders >
        • Share Buybacks
        • Shareholder Risk
        • Overall Performance >
          • Revenue & Profit
          • Revenue & Profit Growth
          • Revenue & Profit Productivity
          • IBM Market Value
          • Shareholder Returns & Risk
          • Employment Security
        • Employee Engagement
        • Warren Buffett's Mistake
        • Do Share Buybacks Work?
    • CEO Performance >
      • Arvind Krishna Overview >
        • First Year Performance >
          • Revenue & Profit
          • Revenue & Profit Growth
          • Revenue & Profit Productivity
          • IBM Market Value
          • Shareholder Returns & Risk
          • Share Buybacks
        • The First 100 Days
      • Ginni Rometty Overview >
        • Shareholder Value
        • Shareholder Risk
        • Share Buybacks
        • Dividend Strategy
        • Acquisition Strategy
        • Revenue & Profit Productivity
        • Revenue & Profit Growth
        • Revenue & Profit
  • 20th Century IBM
    • Corporate Performance >
      • IBM's Greatest CEO >
        • Shareholder Returns
        • Revenue Growth
        • Revenue Per Employee
        • Profit Growth
        • Profit Per Employee
        • Market Value
        • Goodwill
        • Economic Contractions
        • Economic Expansions
        • Stock Market Headwinds
        • CEO Historic Footnotes >
          • IBM's Founding Team
          • Financial Engineering
          • The Greatest Gamble
    • Corporate Practices >
      • IBM Anniversaries
      • IBM Benefits
      • IBM Creativity >
        • IBM Cartoons
        • IBM Song Books
        • IBM UK Dictionary
        • IBM Computing Dictionary
      • IBM Wild Ducks >
        • The Wild Goose
        • Royal Dissenters
        • Corporate Constitution
        • Respect for the Individual
        • Service to the Customer
        • Pursuit of Excellence
    • Corporate Products >
      • 1890: U.S. Census
      • Dayton Scales in 1920
      • 1940: The Electromatic
    • Thomas J. Watson Sr. >
      • Quotes By Watson
      • Quotes About Watson
      • Articles By Watson >
        • On World Peace
        • On the Cost of War
        • On Public Education
        • On Thomas Jefferson
        • On Thoughtful Mistakes
        • On Stakeholder Relations
      • Articles About Watson >
        • A Gift of Retirement
        • A Gift of Home Ownership >
          • Construction Timeline
        • The $1,000-A-Day Chief Executive Officer
        • Employees are Valued
        • Democracy's Man o' War
        • Human Relations in 1956
        • A CEO Who Earned His Pay
        • The Story of "THINK" >
          • Two Journalists "THINK"
          • A Buddy Davis Interview
        • Learning from Crises
        • Tom Watson's Wild Ducks
        • The Lengthening Shadow
      • Slice of Life Stories >
        • Dali, Salvador
        • Drucker, Peter F. >
          • Authority and Power
          • Short-Term Thinking
          • A Corporate Culture
          • Raising Business Issues
          • Focus on Principles
          • Character and Manners
          • Knowledge Workers
          • Recognizing Ability
          • Individual Respect
          • Employee Paternalism
        • Eastman, George
        • Penney, J. C. (James Cash) >
          • Watson Homestead
          • Golden Rule Businesses
        • A 1943 Tax Problem
        • Fighting Discrimination
        • A Pajama Party
      • Pre-World War II >
        • Women in the Workplace
        • A Lost Dream of Peace
        • USO Camp Show Founder
      • World War II Effort >
        • Selling War Bonds
        • Production Awards
        • Controlling Profits
        • Machine Records Units
        • Wartime Contributions
        • Widows & Orphans Fund
        • Declaring Human Rights
        • Supporting Home Morale
        • Employee Military Service
        • War's End & Reconversion
      • Post-World War II >
        • Endicott Memorial
        • Poughkeepsie Memorial
        • Rehiring WWII Veterans
  • Articles
    • Corporate Articles >
      • High-Performance Corporations
      • The Art of the Restart
      • Crises, Recoveries & Lessons Learned
      • Strategy Should Create Human Relationships
      • A Time-Tested Corporate Constitution
      • IBM, JC Penney and The Golden Rule
      • How IBM Created its 20th Century Brand
      • The Greatest Business Risk of the 20th Century
      • How to Grow a Business
      • The Importance of Sales Productivity
      • How Much Is a Great CEO Worth
      • Let Your Guard Down
    • Business Articles >
      • Business Witticism
      • The Golden Rule and Productivity in Business
      • Who and What Built Early American Capitalism
      • Capitalism Needs Industrialist Minded CEOs
      • Producing Corporate True Steel
      • CEO Perspectives >
        • Rules of Success
        • Top Employee Qualities
        • Industrialist vs. Capitalist
      • An Open Letter to the World's CEOs
      • Henry Ford Takes Control
      • The Razor Blade Business Model
      • Two Successful 20th Century Businesswomen
      • Sears: A Dead Franchise Walking
      • A LinkedIn Incognito Mode
      • Value a College Education
    • Political Articles >
      • Political Witticisms
      • Envison the 2029 State of the Union Address
      • Meritocracy and Teachable Humility
      • What Is Patriotism?
      • Presidents' Day 2024-25
      • Memorial Day 2025
      • Pursuing The "American Way"
      • America: Home of the Brave
      • Securing the Borders of the Americas
      • General Grant's Stand for Justice
      • America's Heartland Stands Strong
      • The New Freedom
      • Teddy Roosevelt on Socialism & Individualism
      • Women as Citizens
      • Mary Slessor of Calabar
      • Walt Rostow Speaks to Congress
    • Spiritual Articles >
      • Inauguration Day Prayer
      • Reincarnated Thoughts >
        • Why Lies Should Never Be Glorified
        • Are You More Than A Wise Entrepreneur?
        • A World of Peace or Turbulence?
      • Wilson's Last Words
      • Spiritual Songs
    • Fiction Articles >
      • A Father's Love
      • Introducing a Friend to God
      • Hyphenated Relationships
  • Contact
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