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
Girard made money fast; and in July, 1777, married Mary Lum, a woman of
his own class. She is usually described as a servant girl of great
beauty and as one whose temper was of quite tempestuous violence. This
unfortunate woman subsequently lost her reason; undoubtedly her
husband's meannesses and his forbidding qualities contributed to the
process. One of his most favorable biographers thus describes him: "In
person he was short and stout, with a dull repulsive countenance, which
his bushy eyebrows and solitary eye almost made hideous. He was cold and
reserved in manner, and was disliked by his neighbors, the most of whom
were afraid of him."[61]
During the British occupation of Philadelphia he was charged by the
revolutionists with extreme double-dealing and duplicity in pretending
to be a patriot, and taking the oath of allegiance to the colonies,
while secretly trading with the British. None of his biographers deny
this. While merchant after merchant was being bankrupted from disruption
of trade, Girard was incessantly making money. By 1780 he was again in
the shipping trade, his vessels plying between American ports and New
Orleans and San Domingo; not the least of his profits, it was said,
came from slave-trading.
[Illustration: STEPHEN GIRARD.
(From an Engraving.)]
HOW HE BUILT HIS SHIPS.
A troublous partnership with his brother, Captain Jean Girard, lasted
but a short time; the brothers could not agree. At the dissolution in
1790 Stephen Girard's share of the profits amounted to $30,000. Girard's
greatest stroke came from the insurrection of the San Domingo negroes
against the French several years later. He had two vessels lying in the
harbor of one of the island ports. At the first mutterings of danger, a
number of planters took their valuables on board one of these ships and
scurried back to get the remainder. The sequel, as commonly narrated, is
represented thus: The planters failed to return, evidently falling
victims to the fury of the insurrectionists. The vessels were taken to
Philadelphia, and Girard persistently advertised for the owners of the
valuables. As no owners ever appeared, Girard sold the goods and put the
proceeds, $50,000, into his own bank account. "This," says Houghton,
"was a great assistance to him, and the next year he began the building
of those splendid ships which enabled him to engage so actively in the
Chinese and West India trades."
Public-domain text, read in full here on John Shaqi.
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