The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1869-12-31

Il. 4. Ste5CG7't's Beginning.
From an interesting personal sketch
Of Mr.. A. T. Stewart, the dry goods
king, in a New York paper, We take
the following Of his first business OPP
efafiOns:
Having attained his majority, Mr..
Stewart made preparations to return
TO Ireland to receive his patrimOny,
upon the interest of which lie had
been living.
"Hov much Is your patrim0ny ?''
asked Mr.. Chambers, a gentleman
then well known as q buyer at auc-
ton OF several business firms, and 70
whom he stated that he intended to
return TO Ireland, and the object oi
his going. -
"Abo1t ten thousand, suppose, y
said Mr.. Stewart.
"a snug little sum. What do you
propose doing with it2''
aHowY''
a1nvest it here and live income"
$50 into trade"
Nonsense; / know nothing about
trade, have a horror Of trade. ] can
not even buy hat or pair of gloves
without having some one TO pick them
out for me-"
astuTv calculated Mr. Chambers
impatiently; sdO as I tell. Go 10 Bel.
fast, and buy insertions and scallOI
trimmings. Spend all your money in
them and you'll double your money.
ssIf ever buy these goods" SAID
Mr.. Stewart, ''yOu shall have the en-
tire profits"
Mr.. Stewart went to Ireland. Il
was forty days voyage. There wal
only a cabin passenger beside himself
and on the fare OF hard biscuit anC
musty bread they liked to have starry
ed. But at length the voyage ended
he reached his native town, saw hi
guardian and received his patrimony
1t was only five thousand, half the ex
pected sum. The guardian, as guar
dians are apt to in these days, haC
been speculating with his wards mon
ey, and lost. he went TO BeIast.-
And passing through High street, h'
recalled his conversation with Mr.
Chambers. It occurred to him tina
he had not the remotest idea what in
Seeing q small store and woman be
lliliu lllc CDutiAtIf liC hCiil HI
'tDO you keep insertions %' he ask
ed.
''Yes, sir, politely answered tn,
shop woman. "Here Is some" anC
she handed him a piece, which he al
once proceeded to examine.
SLOW much Is this a yand?'' in
quired Mr.. Stewart.
Zone shilling"
epn take a quarter of a yaId," anC
this quantity was quickly severed
from the piece. A similar dialogue
eTsued in regard 10 seallop trimming
with the same result, Mr.. Stewar
buying 3 quarter of a yard of this al
so. MIR. Stewart now saw what in
sertiOns and scallop trimmings were
IL occurred to him that he had no
gone TO work in the right way to car
~ out the plan of Mr.. Chambers.
'1Can you sell me these goods any
cheaper if / buy considerable quaint
ties of each 81 he inquired Of the shOI
woman. AZ = 8ALEEt III 20 u
s'How much do you wish to buy?'
"a thousand pounds worth"
''0h, my sir, you had better go t.
MIR. Workman's, the manufacturer
said the shop woman, and she direct
ed him the way to go.
To Mr.. WOrkman's Mr.. Stewar
went. His E1 600 was soon exchang
ed for insertion and scallOp trimmings
Mr. Stewart scOn arrived in New
York, bringing with him the product,
of his purchase. JEs fFff1WH
81 invested my patrimony as vol
wished me to-" said Mr.. Stewart to
Mr.. Chambers. tssfa Es1ats
'sYOu have done just the thing
spoke up Mr.. Chambers, with burs
OF emphatic iOy. Scarcely any O
are in great demand; sure to dOubl,
the money paid for them. Where ar,
the goods ?''
brought them on the ship will
me-"
'Iucky; well open a store at once.
"What do you mean by we?"
''You and / will be partners, o
course"
''Not at all, answered Mr.. Stewart
.'you sell the goods brought, pay IN,
back my 5000, and that is all | asl
or expect. / bought them for you
accommodation and not TO make any
thing myself.r
It is unnecessary to pursue this dia
lOgue. Mr.. Chambers would not lis
zen to anything else than sharing tn,
profits with Mr.. Stewart. He insist
ID further that they should open the
tore together, and that Mr.. StewaE
hOllld be salesman, while he would
Guy other goods at auction for the es
tablishment. This programme of bus
aess finally agreed upon, the mex
thing was to get store. They looked
through Pearl and Hudson streets, tn,
:.reat center of retail trade, but coult
ind no place to suit them, the princi
isal objection being the high rent
.sked. Finally a bill ''To Iet'' upOl
he door of No. 283 Broadway attract
,,1 their notice. The rent, on iIqui
~, was found to be 1915 year. Fo
,0me time they pondered over the ez
.ediency of assuming such a higl
INT. The man who had just Yacate,
ne place had failed, and this mad
hem extra cautious. They decides
II take the store. agtfa r.fFa
We have given with some prOliXit,
he shove details, as they have neve
zen given to the public before. The
low exactly the circumstances unde
l.
ess, as most men do, for a predileC
ion for 1t on suppOsitious belief of
.Dening the way t0a brilliant fortune
..il the contrary he had an aversion I,
il which il was difficult to overcome
:ld that, as already stated, he wa
.unched nOlens vOlens into busines
q business in its subsequent develop
s.ient the most remarkable ON record
...le in its progress calling into activi
~ the most marvellous abiiities-On
n rapid attainment of wealth une
gialled in the history of mOder
mes. In the fall of 1923 Mr.. Stew
: began business at the store Nc
8 Broadway. Mr.. Chambers bOugh
sOds for him short time, but neve
came partner. The business wa
a his own. This store was small, bt
Tag only twelve and a half feet wild
~ thirty feet deep. He rapidly dt
Hoped his aptitude for business. H
I'd no knowledge Of it vIlateve
hen he began, and did not know on
nd OF goods from another. He 500
W the golden fortune in store 70
M. he saw what business cOul
Ia, built up. He sold only the best {
'sOas. be Fnew no plan of busines.
i,'s made up plan-practice, perseve
snce, labor, honesty. His rule wa
Ne Golden Rule. He carried ont hi
p an and adhered to this rule Wit
iccess. He saw his adoption to A
-.dsiness and stuck to it. Work, worl
* his lacOnic advice TO Others VIII
sould be successful. After remainin
.ere three years he moved to 2.
broadway. Increasing success follow
ID him here. He remained at tn
after place three years, and the
moved to No. 257. Broadway. II
business continued to increase wit
the most astonishing Fapidity. +
: remained here seventeen years. TT
foundation of his immense fortul
WAS now fairly laid.
Gf0ldin0