In the _Memoirs of Sir Thomas Fowell Buxton_, edited by his son, we
find this amusing letter, dated 1834: "We yesterday dined at Ham House,
to meet the Rothschilds; and very amusing it was. He (Rothschild) told
us his life and adventures. He was the third son of the banker at
Frankfort. 'There was not,' he said, 'room enough for us all in that
city. I dealt in English goods. One great trader came there, who had
the market to himself; he was quite the great man, and did us a favour
if he sold us goods. Somehow I offended him, and he refused to show
me his patterns. This was on a Tuesday; I said to my father, "I will
go to England." I could speak nothing but German. On the Thursday I
started. The nearer I got to England, the cheaper goods were. As soon
as I got to Manchester, I laid out all my money, things were so cheap;
and I made good profit. I soon found that there were three profits--the
raw material, the dyeing, and the manufacturing. I said to the
manufacturer, "I will supply you with material and dye, and you supply
me with manufactured goods." So I got three profits instead of one,
and I could sell goods cheaper than anybody. In a short time I made my
20,000_l._ into 60,000_l._ My success all turned on one maxim. I said,
I can do what another man can, and so I am a match for the man with
the patterns, and for all the rest of them! Another advantage I had.
I was an off-hand man. I made a bargain at once. When I was settled
in London, the East India Company had 800,000 ounces of gold to sell.
I went to the sale, and bought it all. I knew the Duke of Wellington
must have it. I had bought a great many of his bills at a discount. The
Government sent for me, and said they must have it. When they had got
it, they did not know how to get it to Portugal. I undertook all that,
and I sent it through France; and that was the best business I ever
did.'
Public-domain text, read in full here on John Shaqi.
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