Edith Longworth could hardly be said to be a typical representative of
the English girl. She had the English girl's education, but not her
training. She had lost her mother in early life, which makes a great
difference in a girl's bringing up, however wealthy her father may be;
and Edith's father was wealthy, there was no doubt of that. If you asked
any City man about the standing of John Longworth, you would learn that
the 'house' was well thought of. People said he was lucky, but old John
Longworth asserted that there was no such thing as luck in business--in
which statement he was very likely incorrect. He had large investments in
almost every quarter of the globe. When he went into any enterprise, he
went into it thoroughly. Men talk about the inadvisability of putting all
one's eggs into one basket, but John Longworth was a believer in doing
that very thing--and in watching the basket. Not that he had all his eggs
in one basket, or even in one kind of basket; but when John Longworth was
satisfied with the particular variety of basket presented to him, he put
a large number of eggs in it. When anything was offered for
investment--whether it was a mine or a brewery or a railway--John
Longworth took an expert's opinion upon it, and then the chances were
that he would disregard the advice given. He was in the habit of going
personally to see what had been offered to him. If the enterprise were
big enough, he thought little of taking a voyage to the other end of the
world for the sole purpose of looking the investment over. It was true
that in many cases he knew nothing whatever of the business he went to
examine, but that did not matter; he liked to have a personal inspection
where a large amount of his money was to be placed. Investment seemed to
be a sort of intuition with him. Often, when the experts' opinions were
unanimously in favour of the project, and when everything appeared to be
perfectly safe, Longworth would pay a personal visit to the business
offered for sale, and come to a sudden conclusion not to have anything to
do with it. He would give no reasons to his colleagues for his change of
front; he simply refused to entertain the proposal any further, and
withdrew. Several instances of this kind had occurred. Sometimes a large
and profitable business, held out in the prospectus to be exceedingly
desirable, had come to nothing, and when the company was wound up,
people remembered what Longworth had said about it. So there came to be a
certain superstitious feeling among those who knew him, that, if old Mr.
Longworth was in a thing, the thing was safe, and if a company promoter
managed to get his name on the prospectus, his project was almost certain
to succeed.
* * * * *
Public-domain text, read in full here on John Shaqi.
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