The Romance and Tragedy of a Widely Known Business Man of New York — John Shaqi
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 another occasion, Mr. Brightman, of Brightman & Smart, a dignified
gentleman at that time acting as consul for the Netherlands, called
at the office.
It appeared he had made a sale which he regretted and he called to
have it cancelled, claiming that he had been induced to make the
sale through the alleged misrepresentation by Mr. Thomas Derham,
of certain features of the market.
The argument became heated and Brightman called Thomas a liar.
His brother looked at him in silence for a moment, long enough
to discover that he was lacking either in pluck or inclination to
resent the insult, then springing at Brightman he literally threw
him out of the office.
These scenes, though not of daily occurrence, were frequent enough
to relieve the monotony of office life and at the same time to give
me a wholesome fear of incurring my employer's displeasure.
In the summer of 1868 Mr. Thomas Derham was married. For some
reason unknown to me his brother did not approve, and a little
later differences arose between them, the friction increasing until
finally a separation of their business interests was agreed upon.
Mr. Thomas Derham launched out on his own account, and the competition
between the brothers became a bitter warfare, all personal intercourse
ceasing.
At this time my salary was seven dollars per week, and Mr. Derham,
after the dissolution of partnership with his brother, advanced it
to ten dollars.
As he was my only employer and there were no further advances later,
this is the largest salary I was ever paid.
How large it looked to me then I remember well, and although matters
had gone from bad to worse at home and most of my earnings had to
contribute to keep the pot boiling, it seemed to me as if I were
rich the first Saturday night I carried home the ten-dollar bill.
From this time my position in the office became more dignified. A
woman was employed to do the cleaning, and Mr. Derham delegated to
me the placing of many of the smaller orders and occasionally sent
me on business trips to near-by cities.
I worked hard and faithfully to make my services valuable.
I kept the books, made collections, attended to a portion of the
correspondence, and it was not long before I had acquired a thorough
knowledge of the methods of doing the business and was able to carry
out transactions to a finish without having to consult my employer.
In October, 1870, Mr. Derham told me he had decided to give up the
business and accept an offer which had been made him by one of the
large importing firms, to go to England as its foreign representative.
He proposed that I take his business, paying him for the good-will
twenty-five per cent of the profits for three years.
As I was not yet twenty years of age, he thought me too young to
assume the business alone, and advised a partnership on equal terms
with a Mr. Bulkley, then doing a brokerage business in a line that
would work in well with ours, it being his idea to combine the two.
Public-domain text, read in full here on John Shaqi.
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