The business under the sign with the red shield prospered so that the
owner dropped his own name and adopted that of his emblem, Rothschild.
Around him there were men equally prosperous. Mayer Amschel Rothschild was
not only a lender and changer of money, but he was also a student of
coins. The Landgrave of Hesse-Cassel was also an enthusiastic student of
numismatics, so when he heard of the collector in the Judengasse he made
his acquaintance. This acquaintance enabled Rothschild to step out from
among his fellows and begin operations on a larger and different scale. He
became a negotiator of national loans, and his success brought him into
prominence with the nations fighting against Napoleon.
Napoleon invaded Hesse-Cassel, and the Landgrave fled, after entrusting
Rothschild with his money and treasures. At the risk of being shot
Rothschild buried the treasure in his own garden, and it remained there
until Napoleon swept on and the Landgrave returned to his home. Then
Rothschild restored the property, adding five per cent interest on the
money.
The first Rothschild remained to the end of his life in the old house in
the narrow Ghetto. Even when he had monarchs in his grip, when he was
parceling out Europe for the financial operations of his sons, he
continued there, and, when he died, his wife, the mother of all the
Rothschilds, remained there, and in the forties of the last century, when
the old woman was approaching her ninetieth year, it was one of the sights
of Frankfort to see her carriage, resplendent in crimson velvet and
decorated with monograms, drive through the street and stop before the
dilapidated house that was her home.
GOT SIXTY CENTS A DAY.
The Head of the American Locomotive
Works Began His Career as a Machinist's
Apprentice.
Albert J. Pitkin, president of the American Locomotive Works, began his
business life as a machinist's apprentice at the age of sixteen. His wages
were sixty cents a day, and the little shop in which he was employed
turned out one small stationary engine each week. He is now the head of
the American Locomotive Company, which manufactures three thousand
locomotives a year, or ten for each working day, and is capitalized at
fifty million dollars. Seven men were employed in the shop where he
learned his trade. He has now control of sixteen thousand men.
Pitkin's father was in poor circumstances, and at twelve years of age the
boy went to live with his grandfather at Granville, Ohio. The grandfather
was a cabinet-maker and wood-turner, and before long he had taught his
grandson many of the secrets of the trade and had developed in the youth
an understanding and appreciation of what machinery could be made to do.
"There is no use using hand tools if you can make a machine do the work,"
said the boy.
Public-domain text, read in full here on John Shaqi.
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