Vermont daily transcript. [volume] (St. Albans, Vt.) 1868-1870, 1868-11-07
From the New York Mail.
Lessons for Young Men.

Mr.. A. 7. Stewart is conceded to be
one of our successful merchants. From
the smallest beginnings he has amassed
a prncely fortune. No one would ask
whether Mr.. Stewards method of bust
ness was wise one. The secret of his
success lies on the surface. In his little
store on Broadway, opposite his marble
palace, Mr.. Stewart began his trade. He
adopted two or three simple rules by
which he proposed to be guided. He
gave personal attention to his business.
Ha asked fair price for his goods, and
persons could take them or leave them.
If he sold a poor article to customer,
he sold it as poor article. If he de-
manded first-cass price for his goods,
they were found ID be first-cass when
the purchaser took them home. lie
seldom lost customer, because the arti-
Gle never differed from the representa-
ton. Since Mr.. Stewart opened his lit
tie shop, thousands with capital have
started in business with the motto "All
is fair in trade" Few of those survive
Their very names, as merchants, have
pelished from among men; while Mr..
Stewart without capital and without
friends, underpining his trade with in
tegrity, stands among the foremost mer-
chants ofthe world.
LII ltllS Clty tllclc Is ~ young DdlhllS
house which Euys and sells stocks on
commission. Several rule. were adopt
ed and incorporated in the articles ofco-
partnership. One was never to carry
stock or any one without a margin
another was, never to speculate in
stocks, but to do strictly legitimate
comm issiOn business. II that led to
veal h, the firm would accept it if it
led elsewhere, they would abide the is
sue. A celebrated Western CAPT alist,
whose name was tower of strength,
came into the Office He requested the
house to purchase for him large
amount Of railroad stock
"Do you wish us to carry it ?" said one
of the partners.
eyes" was the reply.
"Ihen you must put up margin"
a margin said the millionaire, 81
am worth fifty times that amount"
IL have no doubt of it, was the re-
ply; we have but one rule in this office
for both rich and poor. We would not
carr; stock in this Office for Mr.. AstOr
without margin"
The capitalist went out as if offended,
The firm felt that they had lost good
customer. Soon messenger came up
and put on deposit $50,00O. The next
day the capitalist called in person. He
said
"Young men, like your rule. You
have begun right. Do business on this
basis and you will succeed. You shall
have my business, for my money is safe
here"
One ofour most wealthy citizens is at
the head of one of our largest banks. He
began life With nothing but ood princi-
pies, industry, and perseverance. TO aid
| fpinn6 n nn nd N ntnC n n q n
ofS13, 900. He was called upon to pay
them. He had $1,000, all he possessed
on earth. The bank would have cheer
fully taken that sum and discharged
him. 1t offered him any accOmm Oda-
ton by way of renewals. He was n
young man. He intended to remain in
New York, and do business, and he
made up his mind that, if he lost his
money, he would not lose his reputation.
AS the notes matured he paid them.
When the last note was paid he was
supposed to be very wealthy, as he
kept his own counsels. He could COM
mand any amount of money that he
wanted. The resolution to pay the
notes though he had derived no benefit
from them, laid the foundation for his
great success. During his long business
career, no note of his has ever gone to
protest.
The kind of business man adopts
usually settles the question of his sue
cess. If he has brains and pluck, is
content to wait, does well whatever he
does, is not afraid of earning his money,
makes himself useful, so that he cannot
be dispensed with, he will succeed. He
may Black boots, pick rags, shovel coal
be low porter in store; if he has in
tegrty, talent, he will make his fortune.
One Of the richest men in New York be-
gan as porter and his former master is
| NOW q hOOly lyaaOar In his aatahl al m ant