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
This John Bromfield, merchant, was just such a thoughtful and benevolent
man as we should naturally expect to find him from his bequest. He
belonged to a class of merchants which is rapidly becoming extinct. The
cable telegraph and the steam freight ship are superseding the merchants
of moderate capital, and are concentrating the great business of
interchanging commodities in the hands of a few houses who reckon their
capital by millions. Born at Newburyport, in 1779, he was brought up by
excellent parents near Boston, who practiced the old-fashioned system of
making him hardy and self-helpful. His mother used to say that when he
was old enough to wear leather shoes she bored holes in the soles in
order to accustom him to wet feet, so that he might be made less liable
to catch cold from that cause. This appears to have been a custom of
that generation, for it is recorded of the mother of Josiah Quincy that
she would never let him take off his wet shoes, regarding it as an
effeminate practice.
On approaching the time of entering college his father met with
misfortunes and could not bear the expense. Two aunts of his, who could
well afford it, offered to pay his expenses in college. He firmly
declined the offer. The foundation of his character and career was a
love of independence. He asked to be apprenticed, as the custom then
was, to a mercantile house, and remained in it as long as it held
together. After its failure he tried for months to obtain a clerkship,
but, not succeeding, he arranged with a carpenter to learn his trade.
Just before putting on the carpenter's apron an opening occurred in his
own business, and he became a merchant. About the year 1801 he went out
to China as supercargo, and continued to visit that part of the world in
similar capacities for many years, occasionally making small ventures of
his own, and slowly accumulating a little capital. He had a series of
the most discouraging misfortunes. In the year 1813 he wrote to his
sister from Cadiz:--
"It is a melancholy truth that in the whole course of my life I never
arrived at a good market."
On that occasion everything promised well. He had a ship full of
valuable goods, and the market to which he was carrying them was in an
excellent condition for his purpose, but within twenty-four hours of his
port he was captured, and detained ten weeks a prisoner. After the peace
of 1815, merchants could send their ships across the ocean without fear
of their being taken by English or French cruisers. From that time he
had better luck, and gradually gained a moderate fortune, upon which he
retired. He never kept a store, or had any sort of warehouse, but made
his fortune by sending or taking merchandise from a port which had too
much of it to one that was in want of it.
Public-domain text, read in full here on John Shaqi.
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