The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-11


for tho aged apple vender remarked Il presume SIR
you nos in reality lucky ornnlucky per-
sons to which he Immediately replied, "Indced
do. There are persons who unlucky. sometimes
open goods and sell the arst from Il TO some
person who is unucky and lose on II to the end
frequently see persons 70 whom would not sell
could avoid It"
HIS cHARIrIEs
Mr.. Stewart practised ENTHUSIASTICALLY many acts
Of charity which the world knew nothing Of During
the period Of tho famine Ireland he sent over to that
country cargo Of provisions amounting to $40 o00
and invited, free OF charge many young people as
could DO accommodated comfortably, to passage on
the returning vessel Ono hundred and thirty nno
avaled themselves OF this generous offer, among them
nifty young females In few days after their arrival
Mr.. Stewart procured them all situations and made
them comfortable and happy. He also aided many
charitable enterprises and anxious TO benefit
the every day lilo OF the working members OF the In
dustriai population OF Now York.
the WILL
BY the provisions OF his will, drawn tmo since
by his personal friend and legal adviser Judge Henry
Hilton the great merchant prince OF America directed
the Of the house be had founded and TO
which the best energies or his life had been devoted
1t provides that the who accompanied him
on his trips to Europe, who was his confidential
adviser in all business affairs the above all others
who direct tho future business OF the house of A.
7. Stewart Co, shall conduct the business of that
nrm under the same name. That is Judge Hilton.
He associated Mr.. William Lbbey. his only
wing partner Mr.. Libbcy into tho employ |
OF Messrs A T. Stewart Co. be- |
tween twelve aud fifteen years ago as
business manager OF the Now York Wholesale house at
Broadway Chambers and Reade streets. A cw years
after his admission Mr.. William Lbbcy admitted
partner OF tho house and placed charge Of the
0axn t0vn str 4 M ima hn unor rbnnt 4
prince had extended his business TO every
portion OF the world Tho Arm directed
by that master mind composed Of the principal,
Alexander I. Stewart Of New York; Mr. worden, OF
Paris, France; Mr.. Fox, OF Manchester England and
Mr.. Libbcy, OF New York Too houses controlled by
the firm located ut Boston, Mass. Philadelphia,
Pa Paris, France; Lyons, France; Manchester, Eng
land Bradford, England Nottingham England; Belfast
ireland; G asgow Scotland; Berlin Prussia Chemnitx
India; and New York II was peculiar feature Of A.
T. Stewart Co., that they considered thor houses to
DO SO we'll known the people OF the world that
signs or indications Of the firm namo were never al
lowed appear In tho front OF their places Of business
THrRLow WEEDS REcoLLKcrIoSa
A reporter visited tho venerable Mr. Weed, q lifc
long friend and associate Of Mr. Stewart He met tho
reporter his study and gave the following interesting
"reminiscences OF their social ntercourse-
my acquaintance with Mr.. Stewart said Mr. Weed
fifteen twenty years. he dned regularly days in
tho week. His store then In Broadway. near The
corner Of Murray The acquaintance soon grew
Into intimacy, which continued for THIN
thirty years Out Of his store hts manner and con-
versaton gOnia and particularly interesting for
besides being thorough business man, he
cultivated and refined. It was evident
even then that he to become q OF
mark. In his store he wholly absorbed
49, /
He foresaw clearly that his habits OF industry
and enterprise aided by ntuitions which made him
master OF the situation, would lead results which
have been moro than realized. frequently listened
with admiring interest TO his modes and methods OF
business remember that he regarded rs among the
most important mercantile principles that Of hav-
ing little dead stock possible hand To avoid
tho loss Of capital In this respect his habit was toward
the close Of the season, TO mark down" prices
insure the sale OF articles which merchants
find on their nanda He was, believe, among the
first to establish the one price principle Another
secret OF his In his wonderful executive
ability. Hc kept himself personally acquainted with
the varying value Of every article his
"As carly 1850 hts had been great that
he began TO be anxious ABOUT the disposal OF his for
tune. Having children and but few relatives he
was anxious so dispose OF his money to benefit
the industrious GLASSES, or, in other words holp
those who, while they endeevored to help themselves
had not been fortunate in the battle OF life. But ha
was too much absorbed In business to mature any
plans After my return from Europe in 1853 informed
Mr.. Stewart Of the manner in which George Peabody
had determined TO dispose OF his fortune In this he
was much interested, and the first time he visited
London aftcrward no conferred with Mr.. Peabody.
alter 1860 gave his thoughts aoxously TO the ques
ton to what be should do with his large estate Tho
large business in which Mr. Stewart engaged
claimed SO much OF his time that Sunday
was only day at home For than fifteen years
while he resided in one Of block Of buildings that he
owned Blocker street was, whenever in New York,
guest his Sunday dinner table. On these occasions
always three four intimate friends with Ars Stewart
werc seated table abundantly supplied with every
decacy the season, served quietly but good TASTE
Here Mr.. Stewart appeared at his best. His
upon social and literary subjects evnccd rich and
varied information. anticipated those dinners with
much pleasure and remember them with much interest.
had several occasions, during my intimacy with
Mr. Stewart 10 present appeals for tho relief Of the
10 aid Of merltorious objects. which
no always responded was careful however, to pre-
sent only such as ! was quite would CON-
mend themselves tavorably to his Judgment. We
made annual New Years application TO Mr.. Stewart
for 'rcmnants, y &C., &C., Tor the poor. and he
sponded abuncanty and cheeriully When went TO
Paris in 1901 with my daughter. Mr.. Stewart gave
letter TO his partner Mr.. wordcn, with whom be-
came pleasantly acquainted, and from whom 70
cevcd attentions which, II felt liberty explain
them would show how large fortunes made
..During residence in London Sir James Emerson
Teannant, whom was dining, learning that
acquainted with AR. Alexander T. Stewart, said that
thcy natives OF the village OF the North Of
Ireland aud educated at tho school, that
Mr. Stewards family was highly respectable one
that his early associations the best classes
that he received liberal education He sent kind
messages Mr.. Stewart and expressed the hope that
when Mr.. Stewart again visltco England their early
friendship might be renewed
'Mr. stewart, though largely concerned with the