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
On the train one day, when sitting together he said to me, "Walter,
how much does George owe you"? To which I replied, "Oh, a small
matter." It was at that time nearly six hundred dollars. "Well,"
he said, "I am glad you can help him out, but he don't get into me
more than two hundred dollars; that's the limit, for I doubt if he
ever pays it back."
I went on with my loans just the same, and when, some years later,
the family left Knollwood he owed me more than two thousand dollars
that had been borrowed in small amounts.
At one time George was fortunate in getting an interest in a patent
motor for use on sewing machines. He told Wood all about it and
of one weak feature in connection with the battery, which, however,
he thought was about overcome.
Without telling George, Wood at a small expense employed a man who
succeeded in perfecting the battery, then going to George, said:
"You cannot use your motor without my battery. I will turn it over
to you for half your interest."
There was no escape, and though George made some thousands out of
his interest his profits were cut in half by the shrewdness of his
friend.
He never said much about it, but his mother, who resided with him,
was very outspoken on the subject.
In 1883, in connection with my business, I established a trade
journal. After running it a few years I could no longer spare the
time. It was then paying about eighteen hundred dollars a year
profit and was capable of doing better. I offered it to George
Lawton, telling him if he ever felt he could pay me a thousand
dollars for it, to do so.
The day I turned it over to him I gave him a few hundred dollars,
remittances for advertising received that morning. In a few years
he sold the paper, and in one way and another he secured twelve
thousand to fifteen thousand dollars out of it.
He never paid me one dollar for the property, nor did I demand it
of him.
CHAPTER XVIII
AN UNEVENTFUL YEAR
The year 1883 was uneventful.
At home, life moved on serenely in its accustomed channels. We were
very happy and did all we could to make others so.
For the summer months, thinking that a change might be good for the
children, we rented a cottage at Oyster Bay. This was a pleasant
experience, but we were glad to get home early in the fall. Our
elder son was now nearly ten years old, the school at Knollwood
was not satisfactory, and we entered him at the Academy at Media,
Pennsylvania. His mother and I went over with him, and though the
little fellow was brave enough to keep a stiff upper lip when we
said good-by, I knew he was homesick, and so were we. It was a very
hard strain to leave him behind us.
Business had fallen off a little during the first half of the year,
but this was made up later and I did about as well as in the year
previous, making a little over twenty-five thousand dollars.
Public-domain text, read in full here on John Shaqi.
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