The Romance and Tragedy of a Widely Known Business Man of New YorkRussell, William Ingraham
General
The Romance and Tragedy of a Widely Known Business Man of New York
Russell, William Ingraham
Businessmen -- New York (State) -- New York -- Biography; Russell, William Ingraham
The dealers hesitated to intrust me with the carrying out of large
contracts, while favoring me with the smaller orders. This was
a great trial and I could not but feel it an injustice. Still,
there was nothing I could do except to be grateful for the favors
I received and strive in every way to demonstrate my ability.
Another thing I had to fight against was the questionable methods
of a firm which was my principal competitor.
Naturally there was a very active effort made to get away from
me the old trade which Mr. Derham had held well in hand for many
years. This I had expected, but I did not count upon my competitor
waiving commissions whenever we came into a contest for business
of any importance.
This sort of competition I could not meet, not only as a matter
of principle based on the idea that "the laborer is worthy of his
hire," but because I could not afford to do business for nothing.
Despite the handicap of youth and unfair competition, I kept steadily
at work increasing the strength of my position where it was already
established, and striving to the utmost to get a foothold where I
had not yet secured it.
At the end of the year, when the books were balanced, I found that
I had made about twenty-five hundred dollars, as compared with
twelve thousand dollars made by Mr. Derham the year previous.
This was most unsatisfactory to me, for while of course it was
a much larger income than I had ever before earned, it was so far
below my expectations that I could not but feel keen disappointment.
Still, I knew that I now possessed a business, and as the prospects
were good I started the new year with courage and the determination
to make a better showing.
Early in the year two incidents occurred that helped me immensely.
The largest consumers in our line were the oil refiners, all of
whom have since been absorbed by the Standard Oil Company.
These concerns were heavy buyers, and Mr. Thomas Derham had the
preference on their business. From the first I had struggled to get
a share of it, without having made them, after a year of constant
effort, a single sale. Still, I made a daily call on each and
finally secured my first order.
It was given to me by Mr. J. A. Bostwick personally, and the order
was so large I could scarcely believe I had captured it. This was
the entering wedge, and throughout the year, although not getting
more than a very small proportion of the business, I succeeded in
selling occasionally to all of the refiners.
The other incident was even more important in its results, for it
was the commencement of intimate relations with the important firm
which stood at the head of the trade.
This firm had up to that time shown a decided favoritism for my chief
competitor, but this feeling changed in consequence of investments
in a mining stock, both by the firm and by its most active individual
member, which they had been led into through the influence of my
competitor.
Public-domain text, read in full here on John Shaqi.
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