History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial TimesMyers, Gustavus
History
History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial Times
Myers, Gustavus
United States -- Economic conditions; Wealth -- United States
[60] The movement to abolish imprisonment for debt was a protracted one
lasting more than a quarter of a century, and was acrimoniously opposed
by the propertied classes, as a whole. By 1836, however, many State
legislatures had been induced to repeal or modify the provisions of the
various debtors' imprisonment acts. In response to a recommendation by
President Andrew Jackson that the practise be abolished in the District
of Columbia, a House Select Committee reported on January 17, 1832, that
"the system originated in cupidity. It is a confirmation of power in the
few against the many; the Patrician against the Plebeian." On May 31,
1836, the House Committee for the District of Columbia, in reporting on
the debtors' imprisonment acts, said: "They are disgraceful evidences of
the ingenious subtlety by which they were woven into the legal system we
adopted from England, and were obviously intended to increase and
confirm the power of a wealthy aristocracy by rendering poverty a crime,
and subjecting the liberty of the poor to the capricious will of the
rich."--Reports of Committees, Second Session, Twenty-second Congress,
1832-33, Report No. 5, and Reports of Committees, First Session,
Twenty-fourth Congress, 1836, Report No. 732, ii:2.
CHAPTER VI
GIRARD--THE RICHEST OF THE SHIPPERS
Girard was born at Bordeaux, France, on May 21, 1750, and was the eldest
of five children of Captain Pierre Girard, a mariner. When eight years
old he became blind in one eye, a loss and deformity which subjected his
sensibilities to severe trials and which had the effect of rendering him
morose and sour. It was his lament in later life that while his brothers
had been sent to college, he was the ugly duckling of the family and
came in for his father's neglect and a shrewish step-mother's
waspishness. At about fourteen years of age he relieved himself of these
home troubles and ran away to sea. During the nine years that he sailed
between Bordeaux and the West Indies, he rose from cabin-boy to mate.
Evading the French law which required that no man should be made master
of a ship unless he had sailed two cruises in the royal navy and was
twenty-five years old, Girard got the command of a trading vessel when
about twenty-two years old. While in this service he clandestinely
carried cargoes of his own which he sold at considerable profit. In May,
1776, while en route from New Orleans to a Canadian port, he became
enshrouded in a fog off the Delaware Capes, signaled for aid, and when
the fog had cleared away sufficiently for an American ship, near by, to
come to his assistance, learned that war was on. He thereupon scurried
for Philadelphia, where he sold vessel and cargo, of which latter only
a part belonged to him, and with the proceeds opened up a cider and wine
bottling and grocery business in a small store on Water street.
Public-domain text, read in full here on John Shaqi.
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