The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1880-12-08

u dS"CNStS - 0OVP SSuSI ~ Spe%"NN
to General Austell and Mr.. w. H
Inman who had given him tht
chance to make start, and declined
an offer that would take him away
from them. They properly appre-
ciated his worth. however, and ten
dered him a third interest in theil
business, which he accepted. The
firm then became Austell, Inman &
| Co., and the working capital was in
creased to 500, 900. Although shen
under twenty-four years of age, he
| gave entire direction to the business
md ii began to grow with great rap
idity. In 1869, General AustelI
owing to the increase in his private
business, sold his interest, and the
firm Of Inman, Swami & Co. was es
misunderstanding Of John H Ip
man, ". H. Iunan and James
Swann-the latter being also. 8
young Tenuesses1. By this time
the buetness was immense, aud the
frm soon went into the very first
rank In New York. In 1870 young
Tnmsn, tben Twenty-Five years Of
age, finding that he had left his hear
in the mountains of East Tennessee,
lefy New York for 8 vacation and re-
turned with Miss Coffin, a beau.i
ful and lovely girl, as his bride.
Cenoing Of an old and stesdfast fam
lily, her ancestors having landed at
Plymouth Rock, she has been a
worthy partner of his success.
When Mr.. Inman married he was
worth about $75,000-every dollar
of which he had coined out of his
own brains and energy-a pretty
good accumulation for the couutry
youngster that had left bis Tennes.
see home peuniIess five years before.
From this time forward he has grown
rich rapidly. In the ten years be-
tween then and now he has laid
aside very much ever $1,00O,O00-
averaging over 100000 year. In
that time he has spent and given
away over a quarter Of a million
dollars. Last year his net income |
was $i90,000, and for the next year
It promises to go heavily over $780,
300. As he is just thirty-six years |
If age, 1t can be readily seen that
Then he has passed fifty he will be !
'ne of the richest men in the coun-
ry. The business of the firm Of H.
nan, Swami & Co., aggregated over
80, 600, 600 last year. and grows
leavily' aDd continually. Last-year
t haudled an enormous quantity OF
ottou and the profit of the business
n all its departments ran from
;35O,OO0 to $4,000 The working
apitaI is $1.OOO.O0O cash, and the
oembers OF the firm are worth near
y $3,000,000. II stands among the
rs6 cotton firms in the world. 1
.oubt if there is q firm anywhere
hat docs so large cetton commits
ion business. III. Iuman, VINO bas
'een for the past twelve years the
Damaging head Of the firm, is per
APPS taG iesding authority in cotton
ircles in NeR York and on change
is word is staDdara-a smart march
rom the ragged rebel boy that came
0 rninei TepDessee home, at The
lose ef the var.
Outside Of the enormous business
t Inmap. SHenn & Co., Mr.. Ipman
as number efEprivate enterprises.
Amorg others he is engaged in the
uano and fertilizer trade, the man.
facturo Of which is now a great
taudard induetry, some idea OF the
magnitude of which may be gather
d from the fact that he had $685.
90 OF bis individual cash capital in
ested in it last season. From one
actory he took 10000 tcns-frOm
mother 5000, and so on through.
he business being 80 satisfactory. |
G will the coming season have $780,
90 In the same trade, controlling
yer $4,000 tons, chiefly on commits
ion. With all this he bas every
ling 80 systematized and moves
ith such promptness and decision
nat be spends from four to six :
lenths Of each year with his family
the seaside or some resort. 1t is
cardinal part of his creed never to
Jecuiate or TO take any speculative n
sk. In the papers Of his firm there /;
,e The strongest articles against {
)eculatiDn either as q firm, or by t
ther Of the members as individuals. !
he profits, therefore, though lm
ense, are perfectly legitimate, and
1me certain and steadily. Nj. :
lInan lives easily and comfortably, {
I'd having culture sad taste, finds {
lat ais wealth, instead Of paliing, 1
by opens eyer-lresh vlstas OF en-
yment. He devOtes large sum
'anally 10 charity aud philanthro- }
!. The handsome donation OF his
IA to the Hood children, the iarg 1
II made Dy any single firm, will be !
Ia quleter way he. /
Is done much more-as. for in
aace, ne has given over 1000 IN :
to the First Presbyterian q
lurch OF this city, In short, he {
'esents the interesting spectacle t
a man Of fine instincts, excellent
,allh, and leiicitous relations, who :