Concept

Myron Charles Taylor

Summary
Myron Charles Taylor (January 18, 1874 – May 5, 1959) was an American industrialist, and later a diplomat involved in many of the most important geopolitical events during and after World War II. In addition he was a philanthropist, giving to his alma mater, Cornell University, and a number of other causes. Taylor was born in Lyons, New York to William Delling Taylor and Mary Morgan ( Underhill) Taylor. His father owned and operated a tannery business. Taylor graduated from the Cornell Law School in 1894. He returned to Lyons and for the next five years attempted to establish a small-town law practice. He also twice ran for the New York State Assembly as a Democrat, and both times was defeated. In 1900, Taylor left Lyons to join his brother Willard Underhill Taylor (Cornell, A.B., class of 1891) on Wall Street in New York City, New York. His focus turned to corporate law, practicing at the firm of DeForest Brothers & DeForest. Taylor handled litigation for his father's tannery and subsequently won a U.S. government contract for mail pouches and related products. He moved into the textile and mail delivery business and, according to the Finger Lakes Times, invented the transparent "window" in envelopes through which an address is displayed. Taylor's efforts in the textile industry expanded to the cotton markets, identifying opportunities to acquire struggling cotton mills, reworking labor practices and updating the technology they used. This approach later became known as the "Taylor Formula". Seeing the potential of the infant automotive industry, he established a textile firm that became the leading supplier of combined tire fabric. During World War I his plants became the leading suppliers to the American military effort. Following the war he saw a boom-bust cycle coming and disposed of all his interests in the mills. With his now-sizable fortune he could have retired, but at the urging of two leading Wall Street bankers (J. P. Morgan, Jr. and George F. Baker), Taylor was recruited to help turn around the finances of U.
About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.
Related publications

Loading

Related people

Loading

Related units

Loading

Related concepts

Loading

Related courses

Loading

Related lectures

Loading

Related MOOCs

Loading