American Inventors Best and Holt Rivals: Part 1

Competition between early industrialists ultimately results in birth of Caterpillar

By Robert Pripps
Updated on August 26, 2021
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Tracks for the first transcontinental railroad met inPromontory, Utah Territory, in 1869.

Two family names – Holt and Best – are inexorably linked to the great name of Caterpillar, the Caterpillar tractor and Caterpillar Inc. of Peoria, Illinois. As the Industrial Revolution developed around the world, the Holts and Bests took their places alongside other great men of ingenuity, ambition and charismatic leadership who launched great industries: Deere, McCormick, Deering, Oliver, Ford, Massey and Harris. These visionary leaders mechanized American agriculture and, in the process, they also changed our way of life.

The opening of the American West

America of the mid-1800s would be virtually unrecognizable to most of us today. The Civil War had not yet been fought and slavery remained a fact of life in this country. Rail transportation was only available along the East Coast. The “golden spike” was driven in Promontory, Utah, in 1869, celebrating completion of America’s first transcontinental railroad. The first commercial telegraph message was sent in 1844. The telephone was invented in 1876 and the light bulb in 1879. The U.S. was on the verge of rapid expansion.

map of California with lots of text and elevation markers

In January 1848, carpenter James Marshall was building a waterwheel-powered sawmill for John A. Sutter on the American River in California’s Sacramento Valley. When he discovered a pea-sized nugget of gold in Sutter’s Creek, he showed Sutter his find. Sutter made Marshall promise to keep the discovery a secret, but the news leaked out. Within a few days, boats filled with people headed up the Sacramento River. San Francisco became a ghost town, as many residents headed for the hills in search of gold.

By the end of the summer of 1848, the news had spread from the West Coast to the East Coast, to Mexico and even Hawaii. Newspapers claimed men had become rich overnight just by reaching down and picking up nuggets. People from all walks of life set out for California. By January 1849, a full-scale gold rush was on and the year was permanently etched in the nation’s consciousness by thousands of prospectors dubbed Forty-Niners.

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