Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1869-02-05
LcsiSson~ in business.
HOW some New York Mon Esakoa n
Living.

!
mas anitssed princely fortune. No
Que would ask whether Mr.. Siawnrt's
I method ~ business was wise nna
ilte secret uf his success lies on
the surface. In his little store on
broadway, Opposite his marble palace
Mr.. stewart uegan his trndr. Ha
hdopted two or three simple rules llv
which lac proposed To be guided. Hp
gave personal attention To his bpEI.
! ness. ile asked a fair price Tor
h's goods, and persons cou,d tnEs
them or leave them. 1t he sold 10
lmor article To ~ customer, he sold IL
~ poor article. LII he demanded a
Drst class price for his goods, they
were found To be first class when tito
purchaser took them home He sci.
uoii lost "a customer, because the mr.
ucie never differed from the repre-
sehlliiun. Since Mr.. Stewart upen-
ed hls littie shop, thousands with
capital have started business with the
hiosto, ".stl ~ lair in ntra,le.n Few OF
those survive. Their very names ns
merchants have perished from
among men, while MIR. StcMart.
without capital aud without frienus.
uhdcrpinuing his trade with interrf.
| ", stands among the foremost mcr.
chants of the world.
In this city there is n young bank
ing house which buys md sells stocks
on commission. Several rules wcro
adopted and Incorporated In the arti-
cies OF co partnership. One was. new
er To carry stock for any one without
margin; another was, never u spec-
usate ~ stocks, but to- do a serious lY-
gitiuiate commission business. IL
tiat led To wealth, the firm would ac-
cept IL; u IL led elsewhere they
would abide the issue. "A celebrated
westeru capitalist, whose maine was
tower OF strength, came into the or
nee. lie requested tile house 10 pur-
chase for him n large amount of rail-
road stock. DO you wish us To carry
IT, said one of the partners. Yes"
was the reply. Then you must put
up "A margin" I" ~ margin ?n said
the millionaire. "l am worth tiuy
TIME that amduni.n II have no
doubt OF it," was the reply; 1--WE
nave but one rule In this office for
both rich and poor. We would not
carry stock In this Office for Mr.. AS
tor without margin" The caniial-
Isl went out as IL offended. The Arm
telt THAT they had lost good custom
or. soon u messenger came up anil
put on deposit $50 900. The next
LAY the capitalist called in yerson.
Tie said Young men, like your
RUE, You have begun right. Dp
business on this basis anu you will
succeed You shall have my husi.
ness, fer my money IL safe here
Mr. Sturgis, the rich merchant
VINO recently died. attributed his
start III lite ~ attending church Oh
Sunduy In the city. When he VIVA
Young, credit was almost indispensn-
hle tn business. Mercantile honor
was nt II high premium. BY some
means young Sturpis firmed the nc.
gnaintdnce uf the late Robert Lpnox,
Pleased with the intelligence aud
'hohesty of the young man, Mr.. Lee
lox took him 10 his pew. Tho
next day Sturgia called on n mer-
chant In this citv and asked him II
he would trust him with a bill of
goods. The merchant looked ~ him
aud said: did you sit In Mr.. I.c.
nox's pew Yesterday I'm church ?'i
"Se-," said the young man. II will
trust any one" said the merchant.
whom Mr.. Lenux will invite hlto
his pew on sunday" II was a s,nuu
thing, but it was n test of character
iiht could not be mistaken. Let "A
man throw away his tubacco. his
stimulating drinks, exercise proper
economy, ana he then eau make am
Investment, however humble his DO.
sition II, that will be uu advantage To
iim financially, sUcially and moral
~.
One of our most wealthy citizens Ia
~ the head Of one Of our largest banks
Tie Iegnh life with nothing hut good
principles, industry, aud porsever.
anee. To MD "a frlend lie Endorses
notes 10 Tie amount of $4,000. Ho
WAS called upon to pay them. lie
nhh Ss,oW', all he possessed on earth. d,
The hank would have ciieeffnlly IN.
Ken that sum and discharged him,
lt offered him any accommodations by
way OF renewals. lie was "A youpu
man. lie intended to remain I'm
New York nnd do husi !. ess, aud he
made up his mind that N he ioJt his
money, lie would mot lose his reptitp-
tion. A. the untes matured, lie mid
them. When the Inst note was bald
lie was sappo-.d Ia lao very wealthy
as he kept his own counseis. He
could command any amount o mon.
ry that he wauted. The resolution
ca pay the notes though he had do.
rived mo benefit from them, laid tho
tnundaIitnn fof his great success.
During his Ioug busiiiess career, no
note 0f his has ever gone 60 prnttst.
Tie Kind uf business II man adopts
usually settles the question of his
success. " lie has brains aud pluck.
IL content 10 wait, ioes. well whnt.v-
er he does, is not afraid of earning
hts mGiey. makes himself useful. so
that he can not be dispensed with, he
will succeed. lie may black boots,
pick rags, shovel coal. be low port
er in u stare II he has integrity and
talent lie will make lis fortune.
One OF the richest men In New York
began IA n porter. and his former
master rs now "A book keeper In his
establishment. One Of the most emf.
nent bank Presidents la New York
To- day, came To this city penniless
b"y.
do you want hoy sir?" he said
% u gentleman who stood i'm lis store
door. " What do yoa do 2" Any
thlng, sir, 10 gct an honest llving.r
FAKE thee boots down stairs, where
yon viii mud soile backing. and
biark them" The lad soon return
Y" IN tbt bpols III IL UiSH stute Uf
polish. Iou have done iile-e boots
we'll said the merchant. MY
nlotner told me 10 do every thing
well, sir, that [ undertook to do"
was the reply. That answer touched
tie MERCHANTS heart. lie has .lo,pe
every thing since As he b.acked the
boots.
In one of our banks the cashier re.
signed. To the surprise of all. tho
payins teller was appointed TO the
place He was very young man.
tie neither sought nor expected the
position, aud Was raised over tile
leads OF men who hnd oeen in tile
b,iik for years. Ills rise was won oy
iiis courtesy. He entered the bank
while quite youitg. lie resolved to
make himself Useful. Living farth-
est away. lie WAS first at the post.
HAVING tie fnrtiiest to 90, he was.
tiie last To leave. lie was never out.
of the bank du.ing bank hours. 9th
er employees went to restaurants.
lie brought his lunch with him and
at IL In a little room. He could al
ways pe found aud was prompt at
any call. Ii u clerk wanted 10 90
away. he cheerfuily took Isis place.
Ills spare time was deyosed to an in
AL lfkTaa.l -, .I., - A.