The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1876-04-15
Death of Alexander T. Stewart.

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Death Of Alexander r. Stewart.
Mr.. Alexander 7. Stewart, died at his
residence in New York on Monday,
April 10, in the 74th year of his age.
lie had been i'll for about three weeks,
but his disease did not show any dan
gerous symptoms until within three or
four days of his death. Until quite re-
Gently, Mr. Stewart, as far as outward
signs indicate, appeared to enjoy good
health. Three or four weeks ago his
step was light and elastic, and his 1.-the,
active figure, together with his fresh
complexion, would have led any one to
suppose that the possessor of these adj
vantages could hardly fail to be a man
in full health and vigor.
Alexander L S ewart was born near Belfast,
ireland, October o. 1902. lie wns the son of
parents IN the middle rank of life who designed
20 edncote lIm for one Oi the " hOnorao ana
leurH"d professions" But he lost his parents
while yet child, aud went into the guardian
ship OF other relatives and friends, by whom he
was sent to preparatory schools. and hen to
TRINITY college, DuOhn where he studied and
completed his academCII education. out dd not
take degree When he wus about twenty
years oil age he came to this country, settled III
New YORK, and for Il wlliC employed himself us
te cner but in 1923 embaTted IN the dry
goods business in Il small way, III that city. Ills
capital was slunll, beng the proceeds OF Il llml-
ted properly III Ireland which he inherited rom
lelatlves. From this small beginning in 1873
has grown A. Z. Stewart ~ GO. enormous buSl-
ness now so funilarlY known Throughout the
United States, ana winch IA believed 10 be the
largest OF its kind in the word. This business,
pl1Or to lS1S, had expanded to such q degree ns
to rfquire much greater space for its accgmm0-
datlOn than Mr.. Stewart could command, e&-
cept by erecting a structure specially adapted
NOTiCtN
The marDe store, at Broadway and Chambers
street, was erected IN the above year, una was
one OF the wonders OF that day not only in New
York, but throughout the country. Later ON,
fOresCcing the up, own movement of the trade,
le prepared for it oy bnying the block eXten,
ding from Broadway to Fourth venue. and
from Ninth 10 Tcnth street Upon this he
erected and completed ahout the yea" 1862 the
great six stOried iron builUlng which now Oc-
cuples that site, and within which the immense
retail business of A. T. stewart IL Co., ~ trans
acted RI is sid that neither London nor ais
nor any other city, has n retail dry goods esttD-
lshment That equals this ~ the dimensions OF
the structure or IN the magIitudo OF It's trade
There are eight fiuOrS--tWO below ana HlX above
grOund-each covering an area OF two ana one
quarter acres thus making n tOtal Of clghtten
acres devoted to retail dry goons purposes; 1t
requires go horse power to heat tne building
run tho elevators and work The sewing ma.
chlncs. which are all placed in n row ON the
fourth floor. There are about two thousand EN-
pioves under pay. The disbursements for run,
ming expenses arc over million dollars per an
mum The wholesale and retail establishment
year At present they PROBABLY run Ill the
neghbordOOd Of S33 100000 per aunum.
Inc plotits OF the enormous business Wmch
these great warehouses Indicate brought 10 Mr..
Stewart long ago q colossal fortune SesueS
the great capital invested NJ stock, whch he
always paId for N cash, making no notes, tLe
surplus is mainly invested IN massive DlOcK5 OF
real estate of which the Metropolitan ana ST
Nicholas Hotels in New York CIty the Gr0nd
Union Hotel, at Saratoga the estate he was
improving al Hampstead, Long Island (Kn0wn
as Garden City The great mill propei ties near
Fishkll up th0 Auds on, and various church
bulluines ana theatres in New York CITY, are
but il ustIatiOns ME, Stewards latest enter
prise, as well as 0enoYolence, was the erection
Oi.a building now going on at Tluty-secOnu
street and fourth avenue, New YORK CITY,
which is understood to have been designed by
hlm as n nome fOr working girls.
Mr. Stewart, we beievo never held any pub
Tic oice except That OF an elector on the Pesl'
0en ial ticket tor tn State OF New Hork.in 1868.
q pOn the election Of General Grant to the Pre-.
sldencY, he rendered 10 MI. stewart a position
in hls Cabinet ~ secretary Of the Treasury
and in March, 1869, nominated mm to the senate
Tor that Office, hut the nomination was suDse
uuenGy Withdrawn because it cOntllcted with
he law which prohlblts any mpnrtinS mer'
chnt from holding tho ollice OF Secretary OF the
Treasury
Mr. stewart during his life gave considerable
sums of money for benevolent and charitable
purposes. but they did not become generally
known except upon great public OGCaslOns-
examples Of which W re- the large sums cOntri
butcd during the Franco German war also the
moneys cOntriDntod TO the reiiet of the sufferers
by the Chicago fire, tho SUITE ers by the cotton
llnlle III England Hilu towards relieving int
terrible distress caused by the potato famine il
Ireland in ls46 at which time he sent out at his
own individual cost large ship freighted witt
pIOvIsiOus 81 500.
The great success of Mr.. Stewards CONNER
einl career. through whicn he has anlassed
fortune estimated from fifty to ono hundred
millions OF collars, Is the OutgrOwtb OF n stend
fast adherence to a few practical principles anC
truths lie had but one prise, which was 1
uniform price to all he bought for cash ant
sOid tor casn c,Osely as the ordinary run OF trade
woHlt permit he made no deDus ana cOnse
quently could not bleaA; he wOuld permit M
emplOYe to represent goods to be other or bettcl
Gnan they rtauy were he beheVed truth TO DI
as essential an element III selling dry goods al
in any Other affair OF hie he would permit II,
waste he was close in all his dealings, but wal
eIninently correct and just in giving every maj
MS duei hen depiesslOns III trade came ahOu
and prices OF goods fell below what he had paii
tOG them It was one Ot his principles To imime
dlntelY realize the situation, III d. without re
gard to the amount OF iOss incurred, 10 mari
down his goods to lnee0 tine depression ant
llually, he wns very methOdical Iii the adminis
Iratlon OF lua business, giving his personal Mt
tendance 10 AL dennis lOr many years 20 whlcl
SUPERVISION he brought remarkable executive
ability As a signal illustration u lls belief II
the wisdom OF accepting the situation whcI
shnnISage OF pi ices comes about in commerce
NJ il said 10 haYe bepu among has recent ODser
vahOps that he believed II would be u gam 4
him 10 get back TO Il specie uasls, oven il tina
operation cost n slninkagC 90 the nominal eN
tent OF Il thiid OF ms fOrnlne, hr, stewart WAS
IN private lile ana to those whom he met in thl
treeqOm Oi SOCIAL Intercourse, eheerv. kindi'
ami genial companion mis- house was the hOm
Ot hoSpahty he was good classical sehoia
aud, hOiwithstandug & his close application b
business he Kept himself read up IN the gOOt
hterGtnIC Of the day lie was u large patrOI
nnd ene factor of art. the collected treasures o
which are III his gallery nj his New York Cit
Tesleence. SINGLE one oi the pictures in tina
gallery, by Moisslnler The Charge of TIA
Culfas sieIs" cost $50 zoo IN guld III FTance, anl
this. with duties and other expenses, bIOugh
the aggregate cost 10 $4,000.
MIR. William llbb is lhe only DarJner in Mr.
stewards house ut this tune Mr.. Fox, of Man
chester, ENGLAND, having retired sOIno year
ngo Henry Hi ton, Esd, mas been Tor NAM
years MT StewilBs legal ana confidential ad
Wiser. Mr Stewart leaves no children.
THE New York Telegram says the
best judges estimate the. value of A. II
Stewards estate at nearly $1,000 900
Hhe assessed valuation of all his real es
tate in the city of New York is 50, $50,
900. r G. ,ll r Eu %.