His important partnership step taken, Mr. Macy began to lay down his
responsibilities. Despite his great fame and vigorous constitution his
health had begun to fail under the multiplicity of duties. Again he
turned toward the sea. He embarked upon a long voyage to Europe; in
which he was to combine both business and pleasure. From that voyage he
never returned. His health sank rapidly and he died in Paris, on the
twenty-ninth day of March, 1877.
Two days later in New York, Mr. LaForge and Mr. Valentine formed a
partnership, Mr. LaForge, although the younger of the two men, becoming
the senior member of the firm. It was provided in the co-partnership
papers that the business should be continued under the name of R. H.
Macy & Co., until January 1, 1879; and thereafter under the new firm
name of LaForge and Valentine. However, Mr. LaForge's death in 1878,
followed a year later by that of his wife, prevented this scheme from
being carried out. The question of changing the name of a
well-established business--now come to be one of the great enterprises
of the city of New York--was never again brought forward. The name of
Macy had attained far too fine a trade value to be easily dropped, even
if sentiment had not come into the reckoning. And sentiment still ruled
the big retail house in lower Sixth Avenue, sentiment demanded that the
name of one of New York's greatest merchant princes should be henceforth
perpetuated in the business which he had so solidly founded. And so that
name continues--in growing strength and prosperity.
III. Fourteenth Street Days
By 1883 the Macy store had rounded out its first quarter century of
existence. The big, comfortable, homely group of red brick buildings on
Sixth Avenue from Thirteenth to Fourteenth Streets had come to be as
much a real landmark of New York as the Grand Central Depot, Grace
Church, Booth's Theater, the Metropolitan Opera House or the equally new
Casino Theater in upper Broadway. Its founder had been dead for six
years. But the business marched steadily on--growing steadily both in
its scope and in its volume. It already was among the first, if not the
very first in New York, in the variety and the magnitude of its
operations. It employed more than fifteen hundred men and women, a great
growth since 1870 when an early payroll of the store had shown but one
hundred on its employment list.
Public-domain text, read in full here on John Shaqi.
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