The Canton mail. [volume] (Canton, Miss.) 18??-1882, 1876-04-29

| JeIuTO answered. uOGnlHg.
ALEXANDER Il. S1EW1RE.
Interesting Details Of his Business ana
| Possessions.
In a recent article upon the career OF
Mr.. Stewart, the New York World gave
some interesting particulars as to his for.
tune. From that article we make the
following extracts:
Stewards dry-goods palace, as it was
called, was the marvel of the time. 1t
| acted as an advertisement through the
length and breadth of the land. From
1s4s his business grew rapidly and grad
ually assumed the most colossal proper
tions. In some branches of the business
he had almost monopoly. Buying in
large quantities and always for cash, he
enjoyed great advantages in his foreign
purchases, and for long time the En-
ers made to him concessions which no
other American house could obtain. He
foresaw and prepared for the uptown
movement by buying the land bounded
by Ninth and Tenth streets, Broadway
and Fourth avenue. 1t is leasehold pro-
perry, part of the old Randall farm, and
held under sailors snug harbor leases.
On these lots, covering an area of about
two and one-quarter acres, he erected
the six-story iron building which now
occupies it. The total investment, land
and buildings, may be roughly estimated
at 81, $1,000. To this establishment in
1862, Mr.. Stewart removed his retail
business, and from that time the down.
town store was devoted entirely to whole
sale trade.
Stewards Tenth-street store is the
largest establishment of the kiEd in the
world. There is nothing of the sort in
London or Paris which at all approaches
it. There are eight foors-two below
and six above ground, each covering an
area of two and one-quarter acres-thus
making total of eighteen acres, devoted
to retail dry-goods purposes. 1t requires
$40 horsepower to heat the building,
run the elevators, and work the sewing
machines, which are all placed in row
on the fourth floor. There are about
two thousand employees under pay. Tho
disbursements for running expenses are
over a millien of dollars per annum. The
wholesale and retail establishments COM
bined have sold as high as $50, 900, 900 in
one year. At present they probably run
in the neighborhood of $50, 1000, 900 per
annum. So rapid has been the uptown
movement in all branches of retail trade,
that Stewards Tenth-street store seems
low down. He owns the Grand Union,
the largest summer hotel at Sar-
atoga. He has built up and owns city
on Long Island, known as Garden City,
and connected it with New York by a
railroad running to Hunters Point ferry,
East river. This Garden City is one of
his pet schemes; il is increasing in size
and importance daily. Few are aware
of the great enterprise he has engaged
in at at Glenham, near Fishkili, where
he owns large mill properties. He pro-
poses to erect at this spot, in fact is now
erecting, vast mills for general man ufac-
turing purposes, which, when completed,
will astonlsh the country. He has con-
ceived the idea of substituting domestic
fabrics for a large line of foreign goods
now necessarily imported and will, when
his new manufactures are completed
and in operation, be enabled to offer to
the American public cheaper, better
and more enduring fabric than any inn
ported article of the same description
now sold in this market.
During successful business career of
fifty years Mr.. Stewart has been con-
slant buyer of real estate in this city,
his holding of real property being only
surpassed by those of the Astor family.
We will not undertake to give the cur
rent rumors concerning Mr.. Stewards
vast wealth. Suffice it to say that Cor
neIius Vanderbilt's wealth is estimated
at from s75, 900, 900 to $50, 900, 600, and
Mr.. Stewart ia said to be the richer man
of the two. We very much doubt if
there are to-day ten other men in the
world who can match him in wealth.
The house of Rothschild is partnership
concern and can not be fairly taken into
consideration as against a single person
in making comparisons of individual
| wealth.
CROOKED WHIsKY.-A wealthy gen.