Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1860-11-24

the first singers in the world, equal TO Malibran.
after having had some practice in the Italian
school. Her voice is uncquaed. johnson
married her in England.
In 1881 Mr. Burroughs was book keeper
Stewart took him in as partner and gave
him onc-eighth in 1888. lie died last year. and
his share was just one million of dollars. Mr.
King was in the concern long enough to make
$250,OOO, and then he retired to England, where
he died.
Ireland has been the birthplace Of many re-
markabe men, but never has she sent from her
shores more sagacious one than a. +. Stewart.
Our land has fostered the Frcnchman Girard of
Philadelphia, and the German Astor and they
died worth millions. But they never, even at a
great age, reached the wealth Of the Irshman
Stewart He is yet in the gristlc Of his success.
and not hardened into the bone and muscle Of
mammoth overgrown wealth. Stewart is this
day worth from fourteen to twenty millions Of
dollars. lie owns more real estate than Aslor,
and fine lives ten years longer Mr. Stewart will
be worth from eighty to one hundred millions
of dollars.
In the year 1887, when all was gloom and
confusion in the commercial world-whcn fail
ures were 50 common that the concern that did
not fail was regarded with astonishmcnt-when
the banks were suspended, and merchants beg
forced TO pay their bonds and duties in specie.
Stewart was as lively in the crash of commercial
elements as a stormy petrol in wild hurricane.
Everybody was breaking. What did the far
seeing Stewart do? lie reduced his stock to
cost, and sold for those prices. Ginghams and
such stuii that he had been retailing at 81 cents
per yard hc sold at 90 cents caiicocs in the
same proportion. What was the consequence (?
Old women who had stockinged their gold and
silver marched to Stewards to take the advan-
taSc of the awful sacrifice that unfortunate mor-
chant was making and though they did not
want the goods, yet like Mrs Tood,es, they
might "want EN- one of these days." when they
could not be had at such unheard of low prices
Stewart was overrun with cash. He took the
same money received for goods sold at cost,
went into the market, and bought the same
style OF goods, calicoes, etc., that he had sold
for 10 per cent less than he obtained In one
purchase he bought $4,000 worth Of silks,
half cash, and half for sixty days, at sixty per
cent less than the cost of the silks to import
On this transaction he realized $4,000. Dur
ing all this disastrous panic Stewart retaed
every day $4,000 worth of goods. While 9TH
ers around him were breaking he was coming
money. lie was the father of the "Solng off
at Cost" He was the originator of an idea
among retail dry goods dealers, that has saved
thousands OF men from ruin, and made fortunes
for tens OF thousands Of humbugs, BY "sclliug
off at cost"
Mr. Stewart moved quietly and calmly among
the tumultuou, commercial elements of 1877.
In 1918 he moved to his present marble pal
ace He had bought Washington Hall of younc
John Coster for $50, 900, and for few thousand
dollars more two additional buildings and lots
on Broadway, corner of Chambers street. Up
on this magnificent site he erected the present
store. The whole cost of the ground and the
palace erected did not reach $500 900. To-day
it will sell at auction for from ssOo.o0o to ST.
00O.O0O.
lie paid Pat,oon Van Rensselaer, aj4OOOO
for the Metropolitan Hotel and outbuildinrs-
1t is now worth and pays an interest of ten per
cent ON ~ 900 nnn. a"i 'a''lI hing ~.-.:-..
ssnn"'" 'iS ewne n9arly all Bleeker street,
between broadway ana MS present residence,
unu' IN iac'' owns more real estate than any
0'ner ~ man IN New otk, except 1t may be VIM.
d. ANtor. bu' Mr Nstors income IS not so
"'ge Us stewart s.
III january 1902 ne was worth more than
I"Ni ''e" "'!nIoIs ol upliafs ms sales at the
a'oie "'e Tlu,o'ouoo o ahhuall!' lils profits
lAoeOu :'oo'"'J, O.! "hIch ne now ana ever
mas receive" ohe-halt'
liG 'Mes houcr''ely ana quletly. Ills house
WAS WAS "ui,' oy pepIu; nut cost Stewart only S2O,-
W lg ne married MISS thhcn' lhey have no
cnlluFcn: 80 unos'en'atlous Is Mr. Stewart in
ms i'HSi%u, "p!ll"hs' tiat lew Know whether
ne Is N"Inole OF a lrotestant. lie never
S"u'SvS ana cares hotnihs LOT iasmonaOle So
Gte'!' or '"r any 'he set hablt has hung around
num- m'm, ne ,i. now ana men gives great dinner
party IilS guests are found among the sub
s'antiAl c'mmeTcaI men OF his acquaintance
Al ms Gunner the service Is OF solid gold: lie
can ana does entertain splendidly Grard lived
10 Ore ~ ana AStor was 10; Mr. Stewart is
more "N'y TO liVe to oe 100 than either Glrard
OF N',2f a. oi wee hkeiy to live to be 80,
IL 1870 Stewart WAS worth one million five
nuhutTd lno"sAHu dollars lie has averaged
RON t.'t ume to the present business OF tour
millions year tor twenty-tour years past. His
prohlS nave heeA httcen per cent-'that Is six
hundred thousand dollars a year, or fourteen
millions OF dollars. Ills half share is seven
millions two hundred thousand dollars: add
compound interest to that, and to his original
GGap'al III 1856 ana 1t reaches fourteen millions.
Inc rise OF real estate owned by Stewart, over
anu l uo not oe"eNe 'h't lie Is worth '0,ua!
ieSs '"H" eIshleen OF twenty miihonS oil dollaIs'