The Continental Monthly , Vol. 2 No. 5, November 1862: Devoted to Literature and National PolicyVarious
History
The Continental Monthly , Vol. 2 No. 5, November 1862: Devoted to Literature and National Policy
Various
Literature, Modern -- 19th century -- Periodicals; United States -- Politics and government -- 19th century -- Periodicals
Those who have watched the growth of New York, have found a striking
criterion of its gradual advance in the different aspects of the dry
goods trade. We select this branch of business as a better illustration
of the progress of our metropolis than any other, since in breadth, as
well as in enterprise, it has always taken the lead. What grocer,
hardwareman, druggist, or any other of the different tradesmen of the
metropolis, ever wrought out of nothing the majestic structures or the
enormous traffic which is represented by some of our dry goods concerns.
Dry goods originally held their headquarters between Wall street and
Coenties slip. In those days Front street for grocers, and Pearl for dry
goods men, within the limits above mentioned, sufficed for all the
demands of trade, and in many instances the jobber lived in the upper
part of his store. The great fire of 1835 put an end to all that was
left of these primitive manners, and the burnt district was in due time
covered with new brick stores, of a style vastly superior to those of
the past. At the same time the advance in the price of lots fully made
up the loss of insurance on buildings which was inevitable from the
universal bankruptcy of fire offices. As trade appeared to be firmly
established in that section, a mammoth hotel was built near Coenties
slip for the accommodation of country merchants, and was long famous as
the 'Pearl Street House.' A jobbing concern at that day might be
satisfied with the first floor and basement of a building twenty-five
feet by sixty to eighty, in which a business of from one hundred
thousand to two hundred and fifty thousand dollars could be done. Such
a business was then thought of respectable amount, and few exceeded it.
Public-domain text, read in full here on John Shaqi.
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