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
A few pieces I could not see so sacrificed and bought them in. The
fine hall clock, which had cost me six hundred and fifty dollars,
I could not let go for seventy-five. An imported cabinet, costing
two hundred dollars, at eighteen; a Tiffany vase for which I had
paid seventy dollars, at eight, and so on; but I had to stop some
where, and so most of the things were sold. Within a few days I sold
at private sale what I had bought in, but realized only a little
more than the auction prices.
Then came the paintings. These were sent to a down-town auction
room. All but four, which I withdrew, I saw sold at absurdly low
prices. The four and the hall clock, representing a cost value
of twenty-seven hundred dollars, were taken by Charlie Wood in
cancellation of a debt of five hundred and seventy-five dollars,
borrowed money. He certainly was well paid.
And now the library. Two small cases had been reserved from our
furniture sale, and these were to be filled with--what? There was
hardly a book in the whole library we did not love and cherish as
a friend. How were we to make the selection?
Dickens, Scott, Thackeray, Fielding, Prescott, Irving, Hawthorne,
the British Poets, Dumas, Lever, Cooper, Strickland, Kingsley,
Bulwer--these, all beautiful sets bound by Riviere, Zahnsdorff and
other noted binders, must be sold on account of their money value.
Over and over again we went through the catalogue and finally our
task was completed.
As I carefully packed case after case of the books destined for
sale, it seemed almost like burying a child when I nailed the covers
down.
The sale was at Bangs. The first day I attended but had not the
courage to go the second day. There were but few private buyers, and
hundreds of the volumes went back to the shelves of the booksellers
from whom I had purchased them. They told me afterwards they were
amazed at getting them so low.
In April we took possession of the cottage at Sound Beach. The house,
though very small, was comfortable and cozy, and the lawn extended
to the shore of the Sound, at that point rocky and picturesque.
With freedom from care I could have been very happy in the new
home; 'but with constant worry over the struggle for existence,
this was impossible. Despite my best efforts, matters continued
to go wrong, and before the summer was over I had reached the end
of my resources.
Then commenced the bitter struggle with real poverty.
It was impossible to keep out of debt for current expenses at
home and in the office. For the first time in my life I had become
"slow-pay" to small tradesmen. "Buy nothing you cannot pay for"
is all right in theory, but let those who preach it put themselves
in my place in those dark days. There were days and weeks when the
house would have been bare of food if the grocer and butcher had
refused me credit. There were days at the office when letters had
to be held over night for lack of money to pay postage.
Public-domain text, read in full here on John Shaqi.
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