Do you know about - A History of the Indianapolis 500 Owners
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For more than 100 years drivers from around the world have come to Indianapolis to test themselves and their machines. There is no place on earth that gives more in triumph and takes more in tragedy than the two and a half mile oval at Indianapolis. The Indianapolis Motor Speedway turns dreams into legends. None of that, however, would be possible without the loyal and fanatical retain of the spectators who come each year to search for the many spectacle in racing.
The Indianapolis 500 mile race is the largest one day sporting event in the world. Attendance, which has never been officially published, is currently estimated at nearly 400,000 thrill-seeking spectators. There are no contenders for this throne. The Indy 500 is the undisputed king of motor sport races. Fittingly, its history is equally astonishing.
The Founding Fathers
The Indianapolis Motor Speedway was the brain child of an energetic entrepreneur named Carl Fisher. Born in Greensburg, Indiana in 1874, Carl grew up in a broken home of modest means. After dropping out of school at the age of 12 to help retain his mom and two brothers, he held any menial jobs before occasion his own firm at the age of 17. His entrepreneurship began with a motorcycle shop he opened in Indianapolis with his two brothers in 1891. The motorcycle shop became extremely victorious due in large part to Carl's talent for outlandish promotion. He soon steered his partners into the automobile firm by turning the motorcycle shop into what is believed to be the first automobile dealership in the United States.
When approached by an creator of an acetylene lamp for use on automobiles, Carl Fisher seized the occasion to begin manufacturing head lights for the auto business and through a series of plants around the country supplied the headlights for most every automobile and truck made in America.
Carl Fisher's dealership sold, Oldsmobile, Packard, Stutz, and the Stoddard-Dayton automobiles. On a trip to Europe in 1909 or shortly prior thereto, Carl discovered the European automobile manufacturers were building first-rate automobiles. He took a extra interest in a large automobile test track he visited in Surrey England and came back home with plans to build one himself.
Carl was well on his way to becoming a wealthy man by this time. He had any victorious ventures together with a firm which manufactured the Prest-o-Lite lamps installed on virtually every truck and car built in the United States. He forged friendships with other local entrepreneurs and recruited three of them to be his partners in this
new venture. James Allison, Arthur Newby, and Frank Wheeler signed on, invested their money with Carl and soon formed the Indianapolis Motor Speedway Company. They purchased a 240 acre farm a few miles northwest of Indianapolis and later extensive it to comprise the 530 acre property it is today.
James Allison, the creator of the Allison Perfection Fountain Pen, met Carl Fisher through their mutual interest in the motorcycle craze. Together they formed the ZigZag motorcycle club. Later they joined as partners in the Prest-o-Lite venture. James Allison then formed the Indianapolis Speedway Team Company, which evolved into the Allison engine firm that is now the Allison Transmission firm of normal Motors. Rolls Royce acquired the engine building agency of Allisons in 1995.
Arthur Newby was the president of National Motor vehicle Company, settled in Indianapolis. His firm began its investment by manufacturing galvanic automobiles. Though the firm faltered in 1924, it managed to furnish the winning entry for the 1912 Indianapolis Motor Speedway, before closing its doors forever.
Frank Wheeler, the fourth founding member of the Indianapolis Motor Speedway, was a partner in the Wheeler-Schebler Carburetor Company, which manufactured carburetors for automobile business throughout the United States. Frank Wheeler and his partner George Schebler commissioned the Wheeler-Schebler Trophy, which was the first trophy presented to winners of the Indianapolis 500 Mile Race, and the predecessor of the Borg Warner Trophy.
The farm they purchased, known by the locals as the Pressley Farm, sat near the angle of Crawfordsville Pike (now known as 16th St.) and Georgetown Rd, five miles west of downtown Indianapolis. However, other farmer named Levi Munter owned 80 acres, which sat directly on the angle of what is now 16th and Georgetown Road. The Fisher partners purchased an selection on the 80 acres in December 1908 and exercised the selection sometime shortly after filing their articles of incorporation for the new Indianapolis Motor Speedway firm on March 20, 1909.
In the spring of 1909, the land around the speedway was largely pasture land, but a few factories, situated just south of the site of the new Indianapolis Motor Speedway, had been in operation for any years prior. Those factories included the Prest-o-Lite firm built and operated by Carl Fisher. James Allison's engine shop was also settled just south of the site of the new speedway. The Allison engine shop that later became the Allison transmission and engine firm is still in operation at or near the same location today. The town of Speedway was founded in 1926 and the Indianapolis Motor Speedway now sits entirely within the city limits of Speedway, Indiana.
Automobile racing was not popular at that time. building a race policy for the sake of holding automobile races, was not Carl Fisher's plan. His plan was to build a testing ground for American automobile manufacturers to test their machines and make them faster and more reliable. The races he organized in 1909 were part of his plan to promote the track and encourage automobile makers to take up the challenge. Better cars meant happy buyers which in turn brought about enthusiastic sales. Carl Fisher and his partners were perhaps Better able to benefit from the predicted boom of automobile sales than any other persons in the world. With the first automobile dealership and a manufacturing plant that made running lights for virtually every automobile made in the United States at that time, Carl Fisher was poised to make an sizable fortune.
Since 1911 when the first Indianapolis 500 mile race was run, many stories turned to legend and helped insure that the history of the Indianapolis Motor Speedway would be recorded for posterity. Flamboyant drivers, owners and mechanics came to Indianapolis to compete for the prize of fortune and fame. Some have faded into the pages of history despite risking their life, fortunes and reputations and are these days nothing more than a footnote in history. Others, however, made their mark though success or tragedy and are memorialized on the pages of historical books, photographs and film.
There is perhaps no race driver in history who did more to capture the attention and admiration of the world, than Barney Oldfield. Born Berna Eli Oldfield, in 1878 near Waseon, Ohio, Barney started his racing vocation by competitive in motorcycle races over the country. He transitioned to automobile racing by joining a friend and fellow racer Tom Cooper in a racing venture, which sprang from a short interlude with hereafter automobile titan, Henry Ford. Ford, who's two prototype cars were difficult to start, sold both of his cars to Cooper for 0.00. Cooper put Oldfield behind the wheel and entered the car in the 1902 Manufacturer's Challenge Cup. When Oldfield beat Alexander Winton, the defending champ and odds on popular by more than a half mile in a car built by Henry Ford, both men were catapulted into automobile history. Oldfield became synonymous with speed and Ford got the financial backing he needed to start his automobile manufacturing company. Barney Oldfield was the first man to break the 60 mile per hour fence in a mile run at the Indianapolis State Fair Grounds a few years later. He raced in the Indianapolis 500 in 1914 and 1916, finishing 5th in both races. He never won the Indy 500, but he became a close friend and firm associate of Carl Fisher.
For many years, motorcycle cops around the country, were fond of request "who in the hell do you think you are, Barney Oldfield?", when stopping motorists for exceeding the speed limit. Oldfield, with his trademark cigar and thick black mustache, was one of the most famed drivers in the early years at the Indianapolis 500. His barnstorming thrill shows and record setting speed exploits also helped give international prominence to the Indianapolis 500 Mile Race.
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