Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-04-26

street TO 13lst street" and vast properties
in Broadway, Park row, Barclay street. etc.
The Goelets rank az one, not because it
takes two Goelets To make one man, but
because il is said their property in a good
degree is one. The Goelet miIlionaireS,
too, had an ancestor, who folloging the
honorable craft OF ironmongery, learned in
ii how TO turn iron TO gold, and that into
city lots The story goes, that upon time,
they found themselves eramped for pas
ture for their COW, and, 10 accommodate
her, ihey bought pasture lot OF some forty
or fifty acres, for trifle. They held on,
even after the old COW died; and that pas
lure lot is now covered with brick and
stone, along Fifth, Lexington and Fodrth
avenues, and the Goeleis still own il.
Mr.. Lord was born poor; he will die
rich. He came 10 New York because
in New York were possibilities greater
than in New England. He learned the
business OF merchant, and worked in il in
defaiigably, in days when il was more pos
sible for poor man TO grow rich than tits
nov. By-and-by he got his own machine
started, and grist came TO his n4ill, which
he ground to his own profit. Drygoods are
of more universal use than even tobacco,
and therefore present opportunities for
great fortunes. .l. s-i nla tf
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 COM
plete structure has been raised, combined,
made, in the shortest space of a lifetime !;
all since the year 1928, when this young
Scoteh-Irish adventurer landed on our
shores to seek that unlimited success which
nowhere else could have been 20 speedy
and 80 marked. In forty years be has
organized this machine (as | term il, }
which enables him to gather and concen-
trate the manufactures of theknown world
and to distribute them again TO the ten
million women of America, to an amount
in dollars Of seventy millions year. For
forty years he has been at work, with pa
tience and care and forethought, TO ac-
complish this result.
This wonderful success is entirely due
10 the fact that he has done his business
little better than anybody else, and has
done it longer. He has bought cheaper
aud sold cheaper than his neighbors, and
so the world is at his feet. And because
Vi Allbs his udCulut mas EudDltu nun 10
draw out of the earnings of the producer
and consumer a vast annual income, which
has grown by accretion to a fortune OF
perhaps $50, ,000, ,000-almost three-uusrters
of a million year for his whole working
life. Now, Mr.. Stewart ia childless he
cannot, in this country, found a dukedom
OF dynasty; what possible purposes can
he propose 10 himself to stimulate him to
the work which he still works at with all
the determination of youth? At the age of
siZty-hve 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 pains-taking as ever; he
works early and late; he 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 his employees more easy, or
more luxurious, or more happy-thst is
their affair. 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,
II the estimate Of one mans yearly pro-
duction $500 to $1,000 be correct, and ii
Mr.. Stewart sells goods to the amount OF
S7000O,0O0 a year, it follows that he
handles the productions of some seventy
or eighty -thousand men. Now, If he ex-
tracts but one dollar each from their earn
ings for the use Of his machine, it amounts
to the very pretty figure Of $4,000 per an
mum if from each ten dollars, then it is
$500, 1000, and so on. He has reported an
income, in one year, of some 81, 100000.