Money-making men; or, how to grow rich — John Shaqi
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
IT is in America, as was to be expected, that rise more quickly than in
any other country. Every one is ambitious, and there he realises the
fact that no position is beyond his power if he will but work for it.
Franklin was a printer’s boy, General Putnam was a farmer, Roger Sherman
was a shoemaker, and Andrew Jackson was a poor boy, who worked his way up
from the humblest position; Patrick Henry, the great American orator, was
a country tavern-keeper; Abraham Lincoln was equally low placed in his
start in life. But even in America it is hard work to make a fortune.
Niorse, an American artist, but a better chemist and mechanician than a
painter, thought out the magnetic telegraph on a Havre packet-ship, but
met the common fate of inventors. He struggled for years with poverty
and a thousand difficulties. He failed to interest capitalists. At
last, when he was yielding to despair, and meditated suicide, on the last
night of a session of Congress, at midnight, when the Appropriation Bill
was being rushed through, he got an appropriation of £6,000 for an
experimental line between Washington and Baltimore; then success,
rewards, honours, titles of nobility, gold medals, and an immense
fortune. The American inventor of the sewing machine had similar
misfortune, and then as great a success.
“There are two kinds of men and two kinds of business in New York,” says
an American author. The old-school merchants of New York are few; their
ranks are thinning every day. They were distinguished for probity and
honour; they took time to make a fortune. Their success proved that
business success and mercantile honour were a good capital. Their
colossal fortunes and enduring fame prove that, to be successful, men
need not be mean, or false, or dishonest. When John Jacob Astor was a
leading merchant in Now York, there were few who could buy goods by the
cargo. A large dealer in tea, knowing that few merchants could outbid
him, or purchase a cargo, concluded to buy a whole shipload that had just
arrived, and was offered at auction. He had nobody to compete with, and
he expected to have everything his own way. Just before the sale
commenced, to his consternation he saw Mr. Astor walking slowly down the
wharf. He went to meet him, and said—“Mr. Astor, I am sorry to meet you
here this morning; if you will go to your counting-room, and stay till
after the sale, I’ll give you a thousand dollars.” Without thinking much
about it, Mr. Astor consented, turned on his heel, and said—“Send round
the cheque.” He lost money, but he kept his word. When the lease for
Astor House was nearly out, some parties from Boston tried to hire it
over the heads of the then tenants. In a private interview with Mr.
Astor, they wanted to know his terms. He replied, “I will consult Mr.
Stetson (the tenant), and let you know.” To do that was, as they were
well aware, to defeat the object they had in view. The old New York
Public-domain text, read in full here on John Shaqi.
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