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
Entered in “Memoirs” and “Diaries,” it is really wonderful what a volume
of recollections and statements there are relating to City ways and City
life. Every one, of course, comes to London, and is more or less
connected with that great hive of industry and enterprise known as “the
City.” One of the latest anecdotes is the following, relating to the
origin of a great City house, to which in these scraps we have before
adverted:—“On the 1st of January, 1818,” writes Mr. Macaulay, “a new
tragedy was produced at Covent Garden. The author, John Dillon, a very
young man, was the librarian of Dr. Simmons, of Paddington, famous for a
very splendid collection of valuable books. With great promise of
dramatic power, as evinced in this his first essay, he wisely left the
poet’s idle trade for the more lucrative pursuits of commerce, and became
partner in the well-known firm of Morrison, Dillon, and Co. This play
was called _Retribution_, and the chief weight of which—in a very
powerful character, Varanes—was on the shoulders of O’Neill. Charles
Kemble and Terry were his supporters—the villain of the story being well
represented.” In the person of Mr. Frank Dillon the artistic taste of
the father has proved itself to be hereditary.
Another money-making man was the founder of the Baring family. The
origin of them in England is to be traced to Johan Baring, son of a
Lutheran pastor in Bremen. Johan, when still a lad of sixteen or
seventeen, came to England, engaged for a few years in clerkly duties,
studied hard, amassed a little money, and finally settled down as a cloth
merchant and manufacturer, in a little village near Exeter. He had four
sons; and the third of them, Francis, born 1740, came to London, where,
after finishing his education at Mr. Fuller’s academy in Lothbury, he set
up in business as an importer of wool and dye-stuffs, also acting as
agent for the original family cloth factory. “Starting,” writes Mr.
Frederick Martin, “with a fixed determination to become rich, and having
a fair amount of money to begin with, he was uniformly successful in all
his designs. Nothing failed that he undertook, and whatever he touched
became gold. Having amassed a fortune by dealing in cloth, wool, and
dye-stuffs, he resolved to quintuple the fortune by dealing in money
itself—that is, to be a banker.” As was natural, the successful man
became also the honoured man—a leading director of the East India
Company, and the friend and adviser of the premier, Lord Shelburne, who
invariably followed his counsels in matters of finance. After obtaining
a seat in parliament for Exeter, the son of Johan Baring was made a
baronet, under patent of May 29th, 1793, by William Pitt, Shelburne’s
successor in the government, after the short interregnum of the Duke of
Portland. Valuing the friendship of the shrewd man of finance, William
Pitt, as much as the Earl of Shelburne, listened to the counsel of Sir
Public-domain text, read in full here on John Shaqi.
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