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
His trade increased with astonishing rapidity, and the reason was that
he knew how to buy and sell. He abandoned many of the old usages and
traditions of the book trade. He gave no credit, which was itself a
startling innovation; but his master-stroke was selling every book at
the lowest price he could afford, thus giving his customers a fair
portion of the benefit of his knowledge and activity. He appears to have
begun the system by which books have now become a part of the furniture
of every house. He bought with extraordinary boldness, spending
sometimes as much as sixty thousand dollars in an afternoon's sale.
As soon as he began to live with some liberality kind friends foretold
his speedy ruin. Or, as he says:--
"When by the advice of that eminent physician, Dr. Lettsom, I purchased
a horse, and saved my life by the exercise it afforded me, the old
adage, 'Set a beggar on horseback and he'll ride to the devil,' was
deemed fully verified."
But his one horse became two horses, and his chaise a chariot with
liveried servants, in which vehicle, one summer, he made the round of
the places in which he had lived as a shoemaker, called upon his old
employers, and distributed liberal sums of money among his poor
relations. So far from being ashamed of his business, he caused to be
engraved on all his carriage doors the motto which he considered the
secret of his success:--
SMALL PROFITS DO GREAT THINGS.
In his old age he rejoined his old friends the Methodists, and he
declares in his last edition that, if he had never heard the Methodists
preach, in all probability he should have remained through life "a poor,
ragged, dirty cobbler."
HORACE GREELEY'S START.
I have seldom been more interested than in hearing Horace Greeley tell
the story of his coming to New York in 1831, and gradually working his
way into business there.
He was living at the age of twenty years with his parents in a small
log-cabin in a new clearing of Western Pennsylvania, about twenty miles
from Erie. His father, a Yankee by birth, had recently moved to that
region and was trying to raise sheep there, as he had been accustomed to
do in Vermont. The wolves were too numerous there.
It was part of the business of Horace and his brother to watch the flock
of sheep, and sometimes they camped out all night, sleeping with their
feet to the fire, Indian fashion. He told me that occasionally a pack of
wolves would come so near that he could see their eyeballs glare in the
darkness and hear them pant. Even as he lay in the loft of his father's
cabin he could hear them howling in the fields. In spite of all their
care, the wolves killed in one season a hundred of his father's sheep,
and then he gave up the attempt.
Public-domain text, read in full here on John Shaqi.
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