The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1880-07-22
New York Millionairas.

a. =. stewart was an IriShman, and
landed IN this city with no capital but
his education, which enabled him to
make living by teaching. There were
two peculiarities about Stewart. which
may be mentioned here. He was the
only merchant that entered into success
ful trade without going through a clerk
ship, and he was the only leading man
Of his day that refused to have his por-
trait taken. Peter Gilsey was native
OF Copenhagen, and came hither to
seek employment at his trade. which was
plan -making. He afterward opened a
cigar shop. in the Bowery. which his
wife tended while he still wrought at his
trade. This petty shop led him into
the path of wealth, and he left an i'm
mense estate. Aaron Arnold, the founder
OF the great house of Arnold, Constable
& Co., was native of the Isle of Wight
and landed here poor adventurer.
DAME! Appleton, founder of the great
publishing house, came from England,
and was book agent in this city for
several years. Robert Garter, who is
still at the head Of the rich firm of r.
Carter u Bro, is Scotchman, and on
bis arrival in this city taught school.
The secret Of the success of these for
elgners is that they bring habits of in
dustry and economy, and get good
start by saving what our American pop
ulation waste. Another Scotchman, but
OF different type Of, character. was the
senior Bennett, who, on his arrival, was
at first clerk, and then became an ILL.,
paid Bohemian. At one time he tried
his hand at lecturing in this CITY on
bookkeeping. The effort failed, and
yet the man became a wonderful journal
lst and left $3,000,O00. Perhaps some
OF the present crowd of emigrants will
also become the great capitalists of the
continent. -@'=. #.Gz 49,.
Stephen Girard died seventeen years
before John Jacob Astor. He was in
his SD year, and expired in a small
building which was cared for by a
housekeeper. His latter DAYS we're
miserable, and his immense success
added but little in the way of comfort.
After Girard's death, Astor was the
greatest of American capitalists, and
held this distinction until his death,
which occurred in 1848. Stephen
Whitney became known as millionaire
about the time that Girard died (1831),
and for many years stood next to Aston.
He was the most parsimonious of all
American capitalists, since, as it is
said, he was never known to do liberal
act, and not cent out of his immense
property ESTIMATED at $4,000, OOO) was
devised to charitable purposes. Peter
Lorillard, Of tobacco fame, became a
leading capitalist in 1885, and the family
has held front rank in this respect ever
since. John Mason was the first dry
goods king this city ever contained. He
died in 1912, having been estimated at a
round million during the last seven
years of his life. James Lenox did NOT
reach the same financial standard until
1850: Ex-Gov. Morgan has been q mill
lonalre since 1862, and the same state-
ment may be made concerning A. T..
Stewart. Jay Gould took his place in
the same rank ten years afterward, and
so did Russell Sage. a#ta oL 9EE-
Cornelius Vanderbilt was not worth a
million when he reached 50. He had
been, however, preparing the way for
rapid profits, which were thenceforth
rapidly acquired. fg,4 sss- NJ. =.
William Libby failed in business in
1916, and then became Stewards clerk.
he was made partner fifteen years ago,
and soon became millionaire. ZToy
Times. ......,f ~ -, -. .Fs..- s...t-