Mr. White, in engaging in trade for himself in Nashua, was aware that a
young man and a stranger must encounter severe difficulties in entering
upon mercantile life. Many before him had succumbed to the obstacles
which he was now to encounter. He did not hesitate. Laying out his plan
of business, he examined into the most minute details of its management.
He was never idle. No man was more thorough and painstaking in the
discharge of obligations to his customers. His labors often extended far
into the night. In fact, he lived in labor, and thought no plan complete
till its execution was secured. With these habits added to sound
business judgment and foresight and a rare knowledge of men, the record
of the business life of Mr. White has been an uninterrupted success; and
it is in this department of consistent and persistent effort that his
example is worthy of imitation.
In many of the business enterprises of Nashua, Mr. White has taken an
active, and in some of them a prominent, part. Engaging in the
transportation and sale of coal on his arrival, he has always been the
leading dealer in the trade. After the close of the war he originated
the project of, and gave his attention to, the construction of the large
block of stores on Main street, known as the "Merchants' Exchange,"
retaining for himself and son the corner store, which he still occupies.
Early in 1875 he conceived the idea of establishing a new national bank,
and in the April following obtained a charter. The people of Nashua and
vicinity believing in his financial ability immediately subscribed for
the stock and elected him president, a position he continues to hold to
the satisfaction of the stockholders, and the advantage of the
institution.
In addition to the presidency of the Second National Bank. Mr. White is
now recognized by the public as a sagacious and influential railroad
manager. Since 1876 he has been prominently connected with the affairs
of the Nashua & Lowell Railroad as a director and large stockholder. For
many years this road had been connected with and used by the Boston &
Lowell Railroad corporation, and, as Mr. White clearly saw, on terms
greatly disadvantageous to the stockholders of the Nashua & Lowell
company. The stock had gradually declined much below par. To resist so
great and powerful a corporation required pluck and energy. To be
successful against such odds demanded a leader daring, prompt,
aggressive. Mr. White was the man for the emergency. How well his
measures succeeded is realized not only by every stockholder, but in all
railroad circles throughout New England.
Public-domain text, read in full here on John Shaqi.
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