Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
Mr. Stewart has a farm at Tuckahoe, where the invalid horses are kept,
and where much of their provender is raised. This farm is noted for the
valuable marble quarry which furnished the stone from which his new
mansion on Fifth Avenue is built.
The retail store contains fabrics of every description and price. The
wife of a millionaire can gratify her fancy here to its utmost limit,
while the poor sewing-girl can obtain her simple necessities at the same
price which is demanded for them from the rich. In the shawl department,
there are "wraps" worth as much as $4,500, but not more than one or two
find a purchaser in the course of a year. Shawls at $3,000 find a sale
of about twenty a year, and the number of purchasers increases as the
price diminishes. The wealthy ladies of New York deal here extensively.
One of the clerks of the establishment recently made a statement that a
fashionable lady ran up a bill of $20,000 here in two months.
Mr. Stewart, though leaving the details of the retail business in the
hands of Mr. Tuller, the general superintendent, yet keeps himself
thoroughly informed respecting it, and exercises over it a general
supervision, to which its increasing success is due. He knows exactly
what is in the house, how much is on hand, and how it is selling. He
fixes the prices himself, and keeps them always at a popular figure. He
is said to have an aversion to keeping goods over from one season to
another, and would rather sacrifice them than do so. He has no dead
stock on hand. His knowledge of the popular taste and its variations is
intuitive, and his great experience enables him to anticipate its
changes.
Public-domain text, read in full here on John Shaqi.
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