Cleveland Past and Present: Its Representative Men: Comprising Biographical Sketches of Pioneer Settlers and Prominent Citizens
History
Cleveland Past and Present: Its Representative Men: Comprising Biographical Sketches of Pioneer Settlers and Prominent Citizens
Cleveland (Ohio) -- Biography; Cleveland (Ohio) -- History
Elbert Irving Baldwin, the founder and head of the firm, was born in New
Haven, Connecticut, May 13, 1829. He received excellent early educational
advantages, in preparation for a literary life, but as his health was not
equal to this, he turned his attention to mercantile pursuits, when about
eighteen years of age, by engaging as clerk in the dry goods house of
Sandford & Allen, in his native town. With the firm he remained several
years, and then engaged for about two years with a dry goods firm in New
York city.
In October, 1853, Mr. Baldwin came to Cleveland, and on the completion of
Northrup & Spangler's Block, commenced the retail branch of the dry goods
business, his father, S. I. Baldwin, being a partner in the business for
the first three years. Mr. Baldwin opened out with a stock of goods
costing sixteen thousand dollars, and at the close of the first year had
made sales to the amount of forty-three thousand dollars. This was an
encouraging result for those times, and he correctly judged that it was
but the foundation of a large and lucrative business. Each succeeding
year, without any exception, has brought an increase of business, till the
annual sales of the firm are in the vicinity of a million dollars, which,
in a retail business, in a city of Cleveland's size, is very large; and
fairly entitles him to be regarded as the most successful dry goods
merchant Cleveland has ever had. Having from the first conducted business
in a strictly honorable manner, selling only good articles at reasonable
profits, and allowing no misrepresentations, the result is, that many of
the customers of the house are of fifteen years' continuance. This, in
conjunction with the natural growth of the trade growing out of an
increase in the population, now gives his house the appearance of a
central dry goods market.
Besides endeavoring to deal faithfully with customers, he inaugurated the
one price and cash system of trade, so as to be faithful to himself and
his creditors, and the result of all is--immense success.
Public-domain text, read in full here on John Shaqi.
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