Money-making men; or, how to grow richRitchie, J. Ewing (James Ewing)
General
Money-making men; or, how to grow rich
Ritchie, J. Ewing (James Ewing)
Rich people -- Biography
The first Sir Robert Peel was the third son of a small cotton-printer in
Lancashire. Enterprising and ambitious, he left his father’s
establishment, and became a junior partner in a manufactory, carried on
at Bury by a relative, Mr. Haworth, and his future father-in-law, Mr.
Yates. His industry, his genius, soon gave him the lead in the
management of the business, and made it prosperous. By perseverance,
talent, economy, and marrying a wealthy heiress—Miss Yates, the daughter
of his senior partner—he had amassed a considerable fortune at the age of
forty. He then began to turn his mind to politics; published a pamphlet
on the national debt; made the acquaintance of Mr. Pitt, and got returned
to parliament (1790) for Teignmouth, where he had acquired landed
property which the rest of his life was spent in increasing. In
Greville’s journals we read:—“Grant gave me a curious anecdote of old Sir
Robert Peel. He was the younger son of a merchant; his fortune very
small, left to him in the house, and he was not to take it out. He gave
up the fortune, and started in business without a shilling, but as the
active partner in a concern with two other men—Yates, whose daughter he
afterwards married, and another, who between them made up £6,000. From
this beginning he left £250,000 a-piece to his five younger sons, £60,000
to his three daughters, each; and £22,000 a-year in land, and £450,000 in
the funds to Peel. In his lifetime he gave Peel £12,000 a-year; the
others £3,000, and spent £3,000 himself. He was always giving them
money, and for objects which, it might have been thought, he
under-valued. He paid for Peel’s house when he built it, and for the
Chapeau de Paille (2,700 guineas) when he bought it.”
In his biography, Sir William Fairbairn describes the heroic way in which
he mastered the difficulties of early years, and became famous. It
really seems that there is something in the air, or in the nature of the
inhabitants, of the northern districts of the kingdom, which has a
tendency, more or less, to make a man rise in the world. The poet tells
us how
“Caledonia, stern and wild,
Is meet nurse for poetic child.”
Though, as to that, neither Burns nor Scott had much to do with that part
of Scotland we call stern and wild. But the country may claim to do more
for her sons. Every one of them seems born with a thirst for getting on
in the world, for revolving not to be contented with that position in
life in which Providence has placed him; and thus it is, that when we
come to examine minutely into the lives of our heroes, industrial or
otherwise, we find that most of them were Scotchmen, or, more or less,
had Scotch blood in their veins.
Of this we have a remarkable illustration in the case of the late Sir
William Fairbairn, who was, moreover, a worthy representative of a class
of men to whom we owe, in a large measure, the wealth and prosperity our
country now enjoys.
Public-domain text, read in full here on John Shaqi.
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