Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
Mr. Chickering did not continue long in business with Mr. Stewart. The
latter withdrew in a few years, and Mr. Chickering carried on the
business alone. In 1830 he formed a partnership with Captain John
Mackay, a retired ship-merchant. In the new firm Captain Mackay took
charge of the finances and the office business, while Mr. Chickering
devoted himself entirely to the mechanical department. The operations of
the new house were very successful. The improvements made by Mr.
Chickering from the first created a demand for their instruments which
was sometimes so great that it was difficult to supply it. This demand
continued to increase, until the house was perfectly easy as to money
matters, and able to enlarge its facilities very greatly. It was Mr.
Chickering's design that each separate instrument should be an
improvement upon those which had preceded it, and he was careful that
this plan should not miscarry. In a few years the firm was enabled to
import the foreign materials needed, by the cargo, thus saving the
profit which they had hitherto been compelled to pay the importer.
Besides this saving, they were enabled to keep on hand a large stock of
the woods used in the instrument, and thus it was allowed to become more
thoroughly seasoned than that which they had been compelled to purchase,
from time to time, in small quantities. In 1841, Captain Mackay sailed
from Boston for South America, for the purpose of obtaining a supply of
the woods needed by the firm; but he never returned, and as no tidings
of him or his ship were ever received, it is supposed that the vessel
went down at sea with all on board.
Mr. Chickering now decided to continue the business without a partner.
His friends supposed that in assuming the management of the concern, in
addition to the direction of the mechanical department, and the constant
mental labor to which he subjected himself in his efforts to improve the
piano, he was undertaking more than he was capable of performing. They
feared his health would break down under it. Besides, it was generally
believed that, in spite of Mr. Chickering's undoubted skill in his own
department, he was not much of a business man. He was confident of his
own ability, however, and did not hesitate to assume the new
responsibility.
Public-domain text, read in full here on John Shaqi.
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