Smyrna times., 1876-04-12

Mr.. A. I. Stewart, of New York, the
great dry goods merchant, died on Monday.
in the 74th year of his age
Alexander Turney Stewart was born in
Belfast, Ireland, in 1903, and was conse.
quently 73 years of age. He was educated
at Trinity College, Dublin, came to New
York at the age Of 20, taught school for
several years, and then opened a small dry
goods store, in 1926, on Broadway. with n
cash capital of 81 800 His wonderful ex.
ecutlve and administrative talent, combined
with exceptional commercial sagacity and
! sleePless activity soon placed him at the
heaq OF the New York dry goods trade.
In 1910 ne built the large marble store at
broadway ana Chambers street, which was
known as "Stewart's dry goods naIace y
and was the marvel of the time From
this time his business grew RAPIDLY. On the
land bounded by Ninth and Tenth streets.
| Broadway and Fourth avenue. he erected
the siX-story iron building which now or
cupleS 1t. The total investment, land and
| buildings, may be roughly estimated at
$2.750,O0O. 60
Tins store, which is devoted principally
to the retail business, is the largest estab.
llshment Of the kind in the world. The
Wholesale and retail establishments com.
blned have sold as high as $50 OOO in
one year. At Atpresent they probably run in
the nelghb0rhOod Of So, 100000 per onnum
Next to John Astor, (son OF the LATE
William b. AstOr, Mr.. Stewart was doubt.
less the largest real estate owner in New
ork, and it is calculated his annual
rentals footed up at least 81 100000. His
wealth has been variously estimated from
nifty to eighty millions of dollars.
Mr.. Stewart's daily life was that Of
business man. When in good health he
generally arrived at the Tenth street store
ABOUT ten o'clock in the morning. STAYED
until Twelve, and then visited the Cham.
oefs street establishment, where he re-
mained till five in the evening. In summer
it was his habit to take a holiday ot
Saratoga, where he owned the Grand Union
Hotel : ''ioii
Mr.. Stewart was married many wears 400
to Miss Clinch, Of New York. Thev have
never had children. He lived very nIainlv
and was very simple in his habits. Less Is
known about his private life than about the
private lives OF other and less prominent
men. III
MI Stewart, long before his death. made
such provisions as will enable those in
chaFge OF his estate to administer il as he.
lore; Judge Hilton, who has enioved the
confidence and been one of the businese
associates OF Mr.. Stewart for the last twen.
tty years, shed some light upon this subject
IN an interview with a New York Times re.
porter. The Judge said! "AIr. Stewart
had seven thousand men in his emnlov in
tins City alone, and perhaps about one
thousand in Europe. He kept fourteen
mills going in this country, and had manv
houses III England and elsewhere which
had charge Of the work of operatives in 4
those places. 1t would be a hard tbinr in !
these times to discharge these men. and
therefore am glad to say that the business
VIII be resumed on Saturday next. Mr.
stewart has left me in charge Of the matter
ana shall do all in my power to carry ont
ms wishes. have been associated with !
HIM IN his business interests for twenty
years, and was constantly laboring with |
nm during that time. The mills wifi aca;n
oe set IN motion, and the houses in Euronc /
VIII continue business as previously"
1t Is understood that Mr.. Stewart noda
VIII some time ago, in which he appointed
nudge Hilton sole administrator of his cs,
tate In this will he gave discretionory
power to the Judge to carry on his business
OF not, as he might deem best. 1t is also
that the will provides for com.
pleting the Working Women's Home in 30.
with the design of its founder,