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
My partner was absolutely useless to me except as a clerk, and indeed
a good clerk would have been better, for I could have commanded
him to do things that I could only request of my partner, and I
had long since learned that these requests carried no weight unless
they were in the line of duty that was agreeable to him.
On first taking up my residence in the country I felt it necessary,
in consequence of poor health, to remain at home a day or two each
week, but I soon had to abandon this custom, for on such days there
was nothing accomplished.
Orders by mail and wire which should have had immediate attention
were held over until the following day, and this of course could
not be permitted, without jeopardizing the business.
When I would ask Tom why he had not been out in the trade instead
of remaining at his desk all day, the only satisfaction I could
get was his statement that the trade treated him as boy and he did
not like it.
I knew but too well that the trade sized him up about right.
He meant well enough, but it simply wasn't in him to assert himself.
He had been with me a little over two years and during that time
his share of the profits had returned him the three thousand dollars
he had invested and in addition paid him what would have been a
good salary for the services rendered.
As he was unmarried and lived with his parents, paying no board,
a very small business would give him an income sufficient for his
requirements, and apparently he was contented to let matters go on
as they were.
What might be considered easy times for him with no responsibilities,
was for me, with a wife and two children, parents and two sisters,
to provide for, an impossible proposition.
Something had to be done to change the status.
I waited until the first of September in hopes of some sign of
better times, but business looked worse rather than better, and I
decided to make him an offer for his interest. I thought best to
put this in writing, and while doing so went fully into our affairs
and endeavored to show him how impossible it was for me to go on
any longer under existing conditions. Incidentally I emphasized
the fact that after more than two years' experience he was still
unable to accomplish anything that could not be done by a clerk.
Then I made him an offer of two thousand dollars to be paid in
monthly instalments of fifty dollars each, without interest, the
first payment to be made in January. For these payments I offered
him my notes.
I had written this on Saturday morning, and having finished while
he was at luncheon, laid it on his desk and took my usual train
home, which gave him an opportunity to think the matter over until
Monday.
When we met on Monday morning I was not surprised to find him in
a bad temper.
He said at once that he declined my offer, and having paid his
money to come into the concern he proposed to stay.
Public-domain text, read in full here on John Shaqi.
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