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
Early in the fall we decided to try a winter in New York. The "San
Remo," at Seventy-fourth Street and Central Park, West, had just
been completed, and I rented three connecting apartments, which gave
us parlor, library, dining-room, five bedrooms, and three baths,
all outside rooms. I also rented in Sixty-seventh Street a stable,
and on the first of October we took possession.
We were more than pleased With the life in town, and I commenced
negotiations with Dore Lyon for the purchase of a handsome house
he owned at West End Avenue and Seventy-fifth Street. Just as the
trade was about to be closed my eldest daughter was attacked with
typhoid. She became very ill, and this so alarmed us we concluded
to return to "Redstone" in the spring and remain there.
When the holidays drew near the invalid was convalescent, and we
opened "Redstone" for a house party. When we returned to New York
it was with a feeling of regret.
Business had been good throughout the year. My profits were nearly
eighty thousand dollars.
CHAPTER XXX
A VOUCHER
My life, both in business and socially, in 1892 was not essentially
different from that of 1891. Business continued satisfactory, my
profits running up to within a few thousand dollars of the previous
year.
My senior clerk, George Norman, had been in my employ for eleven
years, coming to me as an office-boy. His salary was now twelve
hundred and fifty dollars. I told him that as a clerk he would
never be worth more to us, and advised him to start as a broker,
which he did.
We gave him a strong endorsement in a circular to the trade, and
how well we supported him is shown by the fact that we paid him
sixty-six hundred dollars in commissions the first year of his
business.
We returned to "Redstone" early in May. Our home, after our New York
experience, was more attractive than ever, and we did not believe
we would again care to leave it.
My readers will remember my reference in a former chapter to a
trade journal which I turned over to George Lawton. On July 9th,
in celebration of the commencement of its tenth year, the publisher
issued a special number, a copy of which is before me. An article
it contains is so completely a confirmation of much that I have
written, I insert it here verbatim, except for change of names to
comply with my narrative and the omission of irrelevant matter.
The article was written by the Secretary of the Exchange:
WALTER E. STOWE.
Public-domain text, read in full here on John Shaqi.
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