William Bushnell Stout was an aviation pioneer responsible for the Ford Trimotor, the first commercially successful all metal airliner. He raised funds for the development of the Ford Trimotor by sending identical letters to leading industrialists of the day asking each to contribute $1000.
He closed his letter with “ For your one thousand dollars you will get one definite promise: You will never get your money back.”
For 29 industrialists that was good enough. He raised $29000. Henry Ford and his son Edsel were sufficiently impressed that they purchased his company and his design. Hence the plane became known as the Ford Trimotor.
He closed his letter with “ For your one thousand dollars you will get one definite promise: You will never get your money back.”
For 29 industrialists that was good enough. He raised $29000. Henry Ford and his son Edsel were sufficiently impressed that they purchased his company and his design. Hence the plane became known as the Ford Trimotor.
