The Continental Monthly, Vol. 2, No. 2, August, 1862: Devoted to Literature and National PolicyVarious
History
The Continental Monthly, Vol. 2, No. 2, August, 1862: Devoted to Literature and National Policy
Various
Literature, Modern -- 19th century -- Periodicals; United States -- Politics and government -- 19th century -- Periodicals
Among the emigrants who landed in New-York about the close of the French
Revolution, was a rude German, from Baden Baden, whose life in the New
World was commenced as a laborer. He afterward became a peddler of fancy
goods, and eventually a dealer in peltries. In 1791 there appeared at
Number 40 Little Dock street, the unpretending name of John Jacob Astor,
and here the foundation of his estate was laid. Astor soon took fair
rank among business men. He was prompt and snug in his dealing, honest
and straightforward, and beside this, carried great weight of character
in his countenance. No man could be much with him without being struck
with his depth of character, and the solidity of his views. At that time
the fur-trade was brisk along the Mohawk, and the peltries, after
passing through the hands of frontier dealers, generally found their way
into Astor's warehouse, in Liberty street. Here they were sorted with
great care by his own hands, and prepared for foreign markets. An
octogenarian merchant informed me that, calling once at Mr. Astor's
store, he found him in an upper loft clad in a long, coarse wrapper, and
engaged among his furs. 'I shall get for that,' said he, holding up the
skin of a splendid silver fox, 'forty dollars, in St. Petersburg.' It
probably cost him less than five dollars. Astor had no sooner gained a
position as a thrifty trader, than he took a higher step by induction
into Free-Masonry. We say a higher step, not with a view of glorifying
this institution, but because at that time it was exceedingly popular
and aristocratic, and gave tone to citizenship. Among the leading
Free-Masons of New-York were Peter Irving and his brother William,
Martin Hoffman, the founder of the great auction business, and father of
the late L. M. Hoffman. Moving among these magnates, John Jacob Astor
became Grand Treasurer. Mr. Astor had a brother of the same thrifty
turn, though not so successful in acquiring wealth. He was a butcher by
trade, and slaughtered himself into a pittance of one hundred thousand
dollars, which, as he died early, he bequeathed to William B., his
nephew. 'To him that hath shall be given.' Mr. Astor's oldest son is
said to have been a very promising lad, but his brain became injured by
a fall, and he soon fell into a state of derangement. A private asylum
was arranged for his use years ago, and this, with its grounds, covers
an entire block in the western part of the city.
Public-domain text, read in full here on John Shaqi.
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