Abraham Lincoln: The True Story of a Great Life, Volume 1 (of 2)Herndon, William Henry
History
Abraham Lincoln: The True Story of a Great Life, Volume 1 (of 2)
Herndon, William Henry
Lincoln, Abraham, 1809-1865
Lincoln and Berry had been installed in business but a short time until
one Reuben Radford, the proprietor of another New Salem grocery, who,
happening to incur the displeasure of the Clary's Grove boys, decided
suddenly one morning, in the commercial language of later days, to
"retire from business." A visit by night of the Clary's Grove contingent
always hastened any man's retirement from business. The windows were
driven in, and possession taken of the stock without either ceremony
or inventory. If, by break of day, the unfortunate proprietor found any
portion of his establishment standing where he left it the night before,
he might count himself lucky. In Radford's case, fearing "his bones
might share the fate of his windows," he disposed of his stock and
good-will to William Greene for a consideration of four hundred dollars.
The latter employed Lincoln to make an inventory of the goods, and when
completed, the new merchant, seeing in it something of a speculation,
offered Greene an advance of two hundred and fifty dollars on his
investment. The offer was accepted, and the stock and fixtures passed
into the ownership and control of the now enterprising firm of Lincoln
& Berry. They subsequently absorbed the remnant of a store belonging
to one Rutledge, which last transaction cleared the field of all
competitors and left them in possession of the only mercantile concern
in New Salem.
To effect these sales not a cent of money was required--the buyer giving
the seller his note and the latter assigning it to someone else in
another trade. Berry gave his note to James Herndon, Lincoln his
to Rowan Herndon, while Lincoln & Berry as a firm, executed their
obligation to Greene, Radford, and Rutledge in succession. Surely Wall
Street at no time in its history has furnished a brace of speculators
who in so brief a period accomplished so much and with so little money.
A few weeks only were sufficient to render apparent Lincoln's ill
adaptation to the requirements of a successful business career. Once
installed behind the counter he gave himself up to reading and study,
depending for the practical management of the business on his partner.
A more unfortunate selection than Berry could not have been found;
for, while Lincoln at one end of the store was dispensing political
information, Berry at the other was disposing of the firm's liquors,
being the best customer for that article of merchandise himself. To put
it more plainly, Lincoln's application to Shakespeare and Bums was only
equalled by Berry's attention to spigot and barrel. That the latter in
the end succeeded in squandering a good portion of their joint assets,
besides wrecking his own health, is not to be wondered at. By the
spring of 1833 they, like their predecessors, were ready to retire.
Two brothers named Trent coming along, they sold to them on the liberal
terms then prevalent the business and good-will; but before the latter's
notes fell due, they in turn had failed and fled.
Public-domain text, read in full here on John Shaqi.
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