The Atlantic Monthly, Volume 18, No. 110, December, 1866: A Magazine of Literature, Science, Art, and Politics — John Shaqi
The Atlantic Monthly, Volume 18, No. 110, December, 1866: A Magazine of Literature, Science, Art, and PoliticsVarious
History
The Atlantic Monthly, Volume 18, No. 110, December, 1866: A Magazine of Literature, Science, Art, and Politics
Various
American periodicals
But something had to be done. A consultation was held between the
members of "our house," and it was finally arranged that Mr. Pierpont,
as the man we could best spare from the salesroom and the shop, and the
partner who would best represent what was called, with singular
propriety, "our concern," should go to Baltimore with the best of
letters, and open a way for me in that city, which I had visited once,
and once only, for the purpose of buying exchange on England,--though
for a time it was thought I had run away with all the funds intrusted to
me. I had taken a prodigious liking to Baltimore from the first, though
I had no idea of going there to live, and was not easily persuaded to
give up my little establishment in Boston. I was doing very well, and
did not care to do better, till business got settled; but we were three,
and I was always in the minority,--Mr. Lord being a shrewd "operator,"
and Mr. Pierpont, of course, deferring to him. They were _my_ partners,
to be sure; but I never had anything to do with their business, apart
from my own.
Nevertheless, when Mr. Pierpont returned, and gave an account of his
doings there, and of the opening there was for just such a man as I had
proved myself to be, I consented to pull up stakes, and transplant
myself to that beautiful city.
I went with no large expectations, intending to open a retail shop, such
as I had left; but within a week, finding that I could sell even my cut
goods for prices much beyond what I had been retailing them for over and
above the exchange, I went into the wholesale business, and with one
clerk, Mr. Jenkins Howland, greatly distinguished in after life as a man
of enterprise at Charleston, S.C., sold more goods, and for cash too,
than perhaps any three or four of what were called the large dealers
about me, with two or three clerks apiece, and at prices which fairly
took away my breath at first;--Irish linens, for example, by the case at
two dollars and fifty cents all round, worth not over eighty cents
before the war; and assorted broadcloths by the bale at fourteen dollars
a yard all round, which, within a twelvemonth, would have hung fire at
three dollars and fifty cents. And this, it will be remembered, was
after goods had been falling--falling--falling--for six months.
No wonder people's heads were turned--those of Pierpont and Lord among
the rest. We, who had large stocks on hand, were growing rich too fast.
I remember selling fourteen thousand dollars' worth of goods one day for
a clear profit of more than forty per cent, and this while my poor
friends at Boston were gasping for breath in that exhausted receiver;
but they were kept alive by the remittances I made from Baltimore, which
not only furnished them with funds for immediate use, but gave them for
a few months almost unbounded credit.
Public-domain text, read in full here on John Shaqi.
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