The following is by Jeffrey R. Holland. Talk is titled For Times of Trouble, 18 March 1980.
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Some things are not under your control. Some disappointments come regardless of your effort and preparation, for God wishes us to be strong as well as good.
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Thomas Edison devoted ten years and all of his money to developing the nickel-alkaline storage battery at a time when he was almost penniless. Through that period of time, his record and film production was supporting the storage battery effort. Then one night the terrifying cry of fire echoed through the film plant. Spontaneous combustion had ignited some chemicals. Within moments all of the packing compounds, celluloid for records, film, and other flammable goods had gone up with a roar. Fire companies from eight towns arrived, but the fire and heat were so intense and the water pressure so low that the fire hoses had no effect. Edison was sixty-seven years old—no age to begin anew. His son Charles was frantic, wondering if he were safe, if his spirits were broken, and how he would handle a crisis such as this at his age. Charles saw his father running toward him. He spoke first.
He said, “Where’s your mother? Go get her. Tell her to get her friends. They’ll never see another fire like this as long as they live!”
At 5:30 the next morning, with the fire barely under control, he called his employees together and announced, “We’re rebuilding.” One man was told to lease all the machine shops in the area, another to obtain a wrecking crane from the Erie Railroad Company. Then, almost as an afterthought, he added, “Oh, by the way. Anybody know where we can get some money?” (Paraphrased from Charles Edison, “My Most Unforgettable Character,” Reader’s Digest, December 1961, pp. 175–77.)
Virtually everything you now recognize as a Thomas Edison contribution to your life came after that disaster.