Little Visits with Great Americans, Vol. 2 (of 2): Or Success, Ideals and How to Attain Them
History
Little Visits with Great Americans, Vol. 2 (of 2): Or Success, Ideals and How to Attain Them
Success; United States -- Biography; United States -- History -- 19th century -- Biography
“Oh, I worked with pretty good success—nothing startling. I didn’t
waste much, and tried to live as carefully as I ever had. I also
studied the business opportunities around, and persuaded some of
my friends to join me in buying and developing a ‘ditch’—a kind of
aqueduct—to convey water to diggers and washers. That proved more
profitable than digging for gold, and at the end of the year the others
sold out to me, took their earnings and went home. I stayed and bought
up several other water-powers, until, in 1856, I thought I had enough,
and so I sold out and came East.”
“How much had you made, altogether?”
“About four thousand dollars.”
“Did you return to Stockbridge?”
HE ENTERS THE GRAIN MARKET.
“For a little while. My ambition was setting in another direction. I
had been studying the methods then used for moving the vast and growing
food products of the West, such as grain and cattle, and I believed
that I could improve them and make money. The idea and the field
interested me and I decided to enter it.
“Well, my standing was good, and I raised the money and bought what was
then the largest elevator in Milwaukee. This put me in contact with the
movement of grain. At that time John Plankinton had been established
in Milwaukee a number of years, and, in partnership with Frederick
Layton, had built up a good pork-packing concern. I bought in with
those gentlemen, and so came in contact with the work I liked. One
of my brothers, Herman, had established himself in Chicago some time
before in the grain-commission business. I got him to turn that over to
the care of another brother, Joseph, so that he might go to New York as
a member of the new firm, of which I was a partner. It was important
that the Milwaukee and Chicago houses should be able to ship to a house
of their own in New York—that is, to themselves. Risks were avoided in
this way, and we were certain of obtaining all that the ever-changing
markets could offer us.”
“When did you begin to build up your Chicago interests?”
“They were really begun, before the war, by my brother Herman. When he
went to New York for us we began adding a small packing-house to the
Chicago commission branch. It gradually grew with the growth of the
West.”
“Is there any one thing that accounts for the immense growth of the
packing industry here?” I asked.
Public-domain text, read in full here on John Shaqi.
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