For the young skipper this was literally a star of hope. His quick wit
made it a guiding star. By it he steered his course and so successfully
into the safety of the harbor that the star became for him thereafter
the symbol of success. With the strange insistency that was inherent in
the man, he was wont to say that the failure of his Boston store was due
to the fact that he had not there adopted the star as his trade-mark. He
made no such mistake in his New York enterprise. The star became the
forefront of his business. And to this day it is a prominent feature of
the main façade of the great establishment which bears his name.
Mr. Macy never lost his boyhood affection for the sea--the one thing
inborn of his ancestral blood. It is related of him that one morning on
his way to the store he found a small silver anchor lying on the
sidewalk, picked it up, placed it in his pocket and thereafter carried
it until the day of his death, regarding it as a talisman of real value.
There was one souvenir of his early connection of which he was greatly
ashamed, however. As a boy he had permitted his shipmates to tattoo the
backs of his hands. In later years he regretted this exceedingly, and
developed a habit of talking to strangers with the palms of his hands
held uppermost, so that they might not see the tattoo marks.
From the very beginning Macy adopted certain fixed and definite policies
for his business. These showed not alone the vision but the breadth and
bigness of the man. For one of the most important of them he decided
that in his business he would have cash transactions only. This applied
both ways--to the purchase of his merchandise as well as to its retail
sale. It is a bed-rock principle that has come down to today as a
foundation of the business that he founded. It is perhaps the one rule
of it, from which there is no deviation, at any time or under any
circumstance. It is related that a full quarter of a century after Macy
had first adopted this principle, one of the then partners of the
concern was approached by a warm personal friend, a man of high
financial standing, who said that he wished to make a rather elaborate
purchase that morning, but not having either cash or a check handy,
asked for an exception to the no-credit rule. The partner shook his
head, smiled, rather sadly, and said:
"No, Mr. Blank, I cannot do that, even for you. But I can tell you what
I can, and shall do."
And so saying he reached for his own check-book, wrote out a personal
voucher for two hundred dollars, stepped over to the cashier's office,
had it cashed and presented the money, in crisp green bills to his
friend.
"You can repay me, at your convenience," was all that he said.
Public-domain text, read in full here on John Shaqi.
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