The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1868-05-22
Rich Men of New York.

7. w. contributes an article to the
GALAXY on the rich men of New York.
This is what he says of A. T. Stewart:
But the most remarkable machine Of
modern times is the one which has
been constructed and is now controlled
by Mr.. Stewart. This vast, complex
and complete structure has been raised,
combined, made in the short space of
a lifetime; all since the year 1928,
when this young Scotch-Irish adyentur-
er landed on our shores to seek that un-
limited success which nowhere else
could have been so speedy and so
marked. In forty years he has organ
lied this machine las term it) which
enables him to gather and concentrate
the manufactures of the known world,
and to distribute them again to the ten
million women of America, to an
amount in dollars of seventy millions a
year. For forty years he has been at
work, with patience and care and fore
thought, to accomplish this result. He
has never rested, he has never slept
He has fore gone all that many men
value, all pleasures and ambitions.
Friendships and hstreds, societies and
philsuthropies, theories and philoso-
phies, have been contemned and made
quite subordinate to this main and only
purpose Of his life. He has been what
he set himself to do, and has done it
so we'll that he has secured success and
amassed millions. There it no hocus-
pocus about it. This wonderful success
is entirely due to the fact that he has
done his business a little better than
nybody else, and has done it longer.
He has bought cheaper and sold cheap
er than his neighbors, and so the world
is at his feet And because of this, his
machine has enabled him to draw out
of the earnings of the producer aud con-
sumer a vast annual income, which has
grown by accretion to a fortune of per-
haps $50, 200, ,000-almost three-quar-
ters of a million year for his whole
working life. Now, Mr.. Stewart is
childless; be cannot, in this country,
found dukedom or a dynasty; what
possible purpose can ne propose to him
self TO stimulate him to the work which
he still works at with all the determin-
alton of youth! At the age of sixty
FIVE most men are ready, or fancy they
are, to take their ease, to begin to en-
Joy, to put the laboring oar into other
and younger hands. Not so this man.
He is as careful and paius-taking as
ever; be works early and late; be gets
his work done by others at the smallest
possible price. His machine means
business, not philanthropy. He does not
propose to make the lives of bis EN-
ployes more easy, or more luxurious, or
more happy-that is their affIir. His
is to perfect his machine and make it
the most thorough in the world; and
as far as one can see, he will die doing
it. If he has an ambition-and who
can tell what is inside msnl-it may
be to show what vast aud complete
thing can be organized and worked by
the persistent and well-directed energies
of one man living one life.
If this be his ambition, be seems
likely to reach it.
II the estimate of one mans yearly
production $500 to 81, ,ooo) be correct,
and if Mr.. Stewart sells goods to the
amount of $4,000, 900 a year, it fol-
lows that he handles the productions
of some seventy or eighty thousand
men. Now, if be extracts but one dol
lar each from their earnings for the use
of his machine, it amounts to the very
pretty figure of $4,000 per snnumi if
from each ten dollars, then it is &9O0,-
600, and so on. He has reported an
income, in one year, of some $4,000
600.