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
Mr. Astor could, if he had chosen, have thrown his millions about in
this style. He was one of a score or two of men in North America who
could have maintained establishments in town and country on the
dastardly scale so common among rich people in Europe. He, too, could
have had his park, his half a dozen mansions, his thirty carriages, his
hundred horses and his yacht as big as a man-of-war. That he was above
such atrocious vulgarity as this, was much to his credit and more to our
advantage. What he could have done safely, other men would have
attempted to whom the attempt would have been destruction. Some
discredit also would have been cast upon those who live in moderate and
modest ways.
Every quarter day Mr. Astor had nearly half a million dollars to invest
in the industries of the country. To invest his surplus income in the
best and safest manner was the study of his life. His business was to
take care of and increase his estate; and that _being_ his business, he
was right in giving the necessary attention to it. "William will never
make money," his father used to say; "but he will take good care of what
he has." And so it proved. The consequence was, that all his life he
invested money in the way that was at once best for himself and best for
the country. No useless or premature scheme had had any encouragement
from him. He invariably, and by a certainty of judgment that resembled
an instinct, "put his money where it would do most good." Political
economists demonstrate that an investment which is the best for the
investor must of necessity be the best for the public. Here, again, we
were lucky. When we wanted houses more than we wanted coal, he built
houses for us; and when we wanted coal more than we wanted houses, he
set his money to digging coal; charging nothing for his trouble but the
mere cost of his subsistence.
One fault he had as a public servant--for we may fairly regard in that
light a man who wields so large a portion of our common estate. He was
one of the most timid of men. He was even timorous. His timidity was
constitutional and physical. He would take a great deal of trouble to
avoid crossing a temporary bridge or scaffolding, though assured by an
engineer that it was strong enough to bear ten elephants. Nor can it be
said that he was morally brave. Year after year he saw a gang of thieves
in the City Hall stealing his revenues under the name of taxes and
assessments, but he never led an assault upon them nor gave the aid he
ought to those who did. Unless he is grossly belied, he preferred to
compromise than fight, and did not always disdain to court the ruffians
who plundered him.
Public-domain text, read in full here on John Shaqi.
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