Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
The greater portion of Mr. Stewart's immense fortune is invested in real
estate. Besides his two stores on Broadway, he owns the Metropolitan
Hotel and the New York Theater, also on Broadway; nearly all of Bleecker
Street from Broadway to Depauw Row, several churches, a number of
buildings, and many valuable lots. He resides at the north-east corner
of the Fifth Avenue and Thirty-fourth Street. Immediately opposite he is
building one of the finest residences in the world, and the most superb
in America. He owns more real estate than any man in America except
William B. Astor, and is the most successful merchant in the world.
Mr. Stewart is said to be extremely liberal in his donations to objects
which meet with his sympathy. The majority of these donations are
quietly made, as he has a repugnance to public charities. He gave
liberally to the cause of the Union during the war. During that struggle
he sent a cargo of provisions to Ireland, where much distress existed,
and then invited as many emigrants as the vessel would carry to take
passage to America in her, free of charge. One hundred and thirty-nine
persons availed themselves of his offer, and upon reaching America were
all provided with good situations by him. At present he is engaged in
erecting on the Fourth Avenue a large building, in which homes will be
provided for poor working females, at a small expense to them. It is
said that this noble project will require an outlay of several millions
of dollars. His friends--and he has many--speak of him as exceedingly
kind and liberal, and seem much attached to him.
As I have said before, Mr. Stewart has not cared for political
distinction, but has rather shunned it. He was a member of the Union
Defense Committee during the war, and in 1866 was one of the signers of
the Saratoga address, calling on the people of the country to sustain
the policy of President Johnson. His warm friendship for General Grant
caused him to be one of the earliest advocates of the election of the
latter to the Presidency. He was a candidate for Presidential Elector on
the Republican ticket for the State of New York, but was defeated, with
his associates, by the Democracy.
Public-domain text, read in full here on John Shaqi.
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