Captains of Industry; or, Men of Business Who Did Something Besides Making MoneyParton, James
History
Captains of Industry; or, Men of Business Who Did Something Besides Making Money
Parton, James
Industrial arts -- Biography
It would seem not to be so very difficult a matter to buy an article for
fifty cents and sell it for seventy-five. Business men know, however,
that to live and thrive by buying and selling requires a special gift,
which is about as rare as other special gifts by which men conquer the
world. In some instances, it is easier to make a thing than to sell it,
and it is not often that a man who excels in the making succeeds equally
well in the selling. General George P. Morris used to say:--
"I know a dozen men in New York who could make a good paper, but among
them all I do not know one who could sell it."
The late Governor Morgan of New York had this talent in a singular
degree even as a boy. His uncle sent him to New York, to buy, among
other things, two or three hundred bushels of corn. He bought two
cargoes, and sold them to advantage in Hartford on his way from the
stage office to his uncle's store, and he kept on doing similar things
all his life. He knew by a sort of intuition when it was safe to buy
twenty thousand bags of coffee, or all the coffee there was for sale in
New York, and he was very rarely mistaken; he had a genius for buying
and selling.
I have seen car-boys and news-boys who had this gift. There are boys who
will go through a train and hardly ever fail to sell a book or two. They
improve every chance. If there is a passenger who wants a book, or can
be made to think he wants one, the boy will find him out.
Now James Lackington was a boy of that kind. In the preface to the
Memoirs which he wrote of his career he described himself as a person
"who, a few years since, began business with five pounds, and now sells
one hundred thousand volumes annually." But in fact he did not begin
business with five pounds, but with nothing at all.
He was the son of a drunken shoemaker who lived in an English country
town, and he had no schooling except a few weeks at a dame's school, at
twopence a week. He had scarcely learned his letters at that school when
his mother was obliged to take him away to help her in tending his
little brothers and sisters. He spent most of his childhood in doing
that, and, as he remarks, "in running about the streets getting into
mischief." When he was ten years old he felt the stirring of an inborn
genius for successful traffic.
Public-domain text, read in full here on John Shaqi.
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