Harlow Niles Higinbotham: A memoir with brief autobiography and extracts from speeches and lettersMonroe, Harriet
History
Harlow Niles Higinbotham: A memoir with brief autobiography and extracts from speeches and letters
Monroe, Harriet
Businessmen -- Illinois -- Chicago -- Biography; Higinbotham, Harlow N. (Harlow Niles), 1838-1919
“Higinbotham went from the fire directly to Mr. Leiter’s home, and told
him of a plan he had formed for the re-establishment of the business.
Mr. Leiter threw up both hands and exclaimed, ‘Oh, Higinbotham! It is
too early to make plans—Chicago is gone!’ Mr. Higinbotham replied, ‘No,
no—we have got to do these things anyway.’ His plan was for Mr. Field to
give his attention to finding a place wherein to re-establish the
business; Mr. Leiter was to take charge of the saved goods, and have
them inventoried so that the inventory would show the contents of each
case. Higinbotham had in mind the adjusting of the loss, as that was one
of the first essentials. Mr. Willing, a junior partner, was to go to
Valparaiso, Indiana, stop all goods coming from the east, and warehouse
and insure them until the Company was ready to have them sent in. Mr.
Higinbotham was to take his family and Mr. Leiter’s, and all the
bookkeepers and books of account, cash and valuable papers, and go at
once to Joliet and there remain until a place had been arranged for at
least an office in the city. This plan, which was formulated while he
was saving the goods, was carried out in every particular. In Joliet the
office of Field, Leiter & Co. was for two weeks in his mother’s house,
and she took care of a number of the bookkeepers during their stay. He
then went with his wife and baby to Cincinnati, St. Louis and San
Francisco to adjust and collect insurance. A number of the companies in
these cities having no agencies in Chicago had failed. It was his
business to ascertain how much their assets would pay, collect the money
and return as quickly as possible.
“The business was soon re-established, and went through that year with a
net profit of over three hundred thousand dollars, notwithstanding that
two and a half millions had been burned up in a single night. It was
then that Mr. Leiter said, ‘Higinbotham, we are going to give you an
interest in this business!’ meaning, of course, a share in the profits.
Later he was made a partner and remained in the firm until 1902.”
Unfortunately, Mr. Higinbotham’s sudden death prevented his completing
this autobiographical sketch with any fulness of detail. We have merely
a few rough notes—two or three typewritten pages—in regard to his public
activities, of which his work for the World’s Columbian Exposition was
the most important.
Public-domain text, read in full here on John Shaqi.
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