But all obstacles were not yet overcome. The Government refused to make steel guns; the shipbuilders were afraid to touch it; and when the engineer of the London and North-western Railway was asked to use steel rails, he exclaimed, excitedly, "Mr. Bessemer, do you wish to see me tried for manslaughter?" Now, steel rails are used the world over, at the same cost as iron formerly, and are said to last twenty times as long as iron rails.
Prejudice at last wore away, and in 1866, the "Bessemer process," the conversion of crude iron into steel by forcing cold air through it for fifteen or twenty minutes, was bringing to its inventor an income of five hundred thousand dollars a year! Fame had now come, as well as wealth. In 1874, he was made President of the Iron and Steel Institute, to succeed the Duke of Devonshire. The Institute of Civil Engineers gave him the Telford Gold Medal; the Society of Arts, the Albert Gold Medal. Sweden made him honorary member of her Iron Board; Hamburg gave him the freedom of the city; and the Emperor of Austria conferred upon him the honor of Knight Commander of the Order of Francis Joseph, sending a complimentary letter in connection with the jewelled cross and circular collar of the order. Napoleon III. wished to give him the Grand Cross of the Legion of Honor, but the English Government would not permit him to wear it; the Emperor therefore presented him in person with a gold medal weighing twelve ounces. Berlin and the King of Wurtemburg sent him gold medals. In 1879 he was made Fellow of the Royal Society, and the same year was knighted by Queen Victoria. In 1880 the freedom of the city of London was presented to him in a gold casket; the only other great discoverers who have received this distinction being Dr. Jenner, who introduced vaccination, and Sir Rowland Hill, the author of penny postage. In the United States, which gives no ribbons or decorations, Indiana has appropriately named a flourishing town after him.
It is estimated that Sir Henry Bessemer's one discovery of making steel has saved the world, in the last twenty-one years, above five thousand million dollars.
When his patent expired in 1870, he had received in royalties over five million dollars. In his steel works at Sheffield, after buying in all the licenses sold in 1856, when the new process seemed a failure, the profits every two months equalled the original capital, or in fourteen years the company increased the original capital eighty-one times by the profits.