New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-04-16

tho man comes along who can raiSn VI" '
said. If You want to buy out come 10 me anu
pl toll Won all about il. We shall offer great bar
gains. but we shall not sacrifice our goods ino
fact that we sell an article for 30 cents whion Is
worth dollar does not necessarily imply that "o
are losing money! We may sell at that lower hgure
TO prevent losing money"
ting EUROPEAN BRANCHES AND THE FACTORIES
GLOW about your European branchesT
"We have sent our seven European agencies fuli
instructions as TO how we wish them to close up
their business.
And your factoriesT
"somc of them have already closed, bn' we must
stiU fiji orders that we have received. Four mills
arc still running-'he woollcn mills IN Glenham'
back Ct FishL,l and the carpet mills a, the same
place. the thread mills at Cat kill and the under
wear mills a. Noting am. En"land.'
1.-THE statement hls been mad thlt one
object Of the firm wing from the Ckainnets I ~
store was TO accommodate decrease oi ousi"oNN'
We moved IN here from the old store simply be-
cause IL vas too far downtown. BUYERS han 10 VA -
all the other places be ore they reached rs: ~ 's
81 70 we accommo lated the retail hu mess by
moving ont manufacturing u'p'' 'n',,,r,
which now occupies me space ' ga hove a
greater acreage in our retail department than we
had at tire ol place. We were the last firm 10 lea'e
our downtown location"
THE LOSS OF HEBREW TRADE.
by the loss of Hebrew trade y
ave made more money that year than We did the
wear before The loss of their trade was IN
fnitesimal and saved money that
we should have lost in bad accounts
if they had remained sith MS. have been quoted
as saving great many things on this SUBJECT, ana
have been made to great many things did
not say. When stated that movement only ID
tended il to operate against a certain olgecilonaDe
class # Hebrews: bat IL Mas 1t once taken up ana
the m' possible made OF IT, IheY Said: - is ~ .
al thing and we won't trade with vou.' 1t s never
injured Us. int. on the contrary, mas peru n'cu'.
have never paid any attention 10 II, ou' nav e
gone on buVlng from Hebrews hlIndrrus Oh
thousands of dollar worth every year tDe same as
i did IefOre / have never made move III my buNl-
mess that | subsequently had occasion 10 regret,
There has never been year that we nave
not made mon Y; but when paper > iiiat
We had SOD 600 600 invested III our business, II IS
ridiculous There way 10 use that amount Oh
money in our business, unless you mciuuo 'i' i''i
Here is som thing want to show You" con
tinurd the Judge aud he led the way 1" lfa', Oh
which was hanging Ia frame part OIL .ie 1 VUj9
nj The UQlg .idrCrtser OF September Z, Io%o'
which contains the original advertiser. mt nt
If T. Stewart in which he offered for
sale "a general assortment of fresh and seasonable
dry goods at No. 2S3 Broadway Then the re-
porter was taken down 10 the basement aud Judge
Hilton pointed out The magnitude OF the depart
ment covering an entire city block. ,-
There is another community just as large,
another little village, on the moor uhuci tHi. iV
said. at Is pity-a pity that such mag ilhccht
property must 60. Now, here IS the or
5er department" he continued, as he
took the reporter into a small ~ apar :
meut filed with busy men and boys. " There Is
more business done la this one little room III ming
orders by mail than is done by any retail store IN
this civ Ii is pity to close out such an enormous
conceun You Sc all these boys here; they grow
up with ns TO he men. and they are ali IKE memper9
Of one family They get their education here-thcY
have no other business other place. III
they are sick we care for them, II they
die we bury rm if their friends are unable to DO
IL IL makes me sad, sad, sad! lay awake nearly
All las night thinking about these people"
How many persons have you now IN your ell
three thousand in this city alone, and with our
mills and altogether about 5000. II makes me SAD
to think of tn IN" rel erat d he u ige But they
have never had to wait for dollar when 1t was
due them There has been perfect system auOut
everything and no friction anywhere. We nave
beer careful in lines OF credit and utterly IN
martial. There has been no tavOritlsIn. W nave
given a dollars worth of goods for dollar IN
money. The fact that anyone fought goods rom
Us was all the voucher merchant need 10 get
credit at any other house. / don't ask people 10
buy my goods OF to come to my hotels. When they
do come we propose 10 give them their money 5
worth. and If they are mol SATISFIED lhey are hoI
obliged TO come agalu" . -,
is II your intention, in retiring from the dry
gooJs business also dispose Of your hotel inter-
ests ~
''Tbe hotels belong TO Mrs. Stewart or rather, to
the estate. and they will 90 on as heretofore. -.
"Wil you retain The active management OF the
estate as hcrctO1OIe"
Yes The estate and my own private matters
VIII occupy my entIre attention, and these VIII give
mt enough 20 40"
From another source IL was learned that the rca-
son he old downtown store and property had not
been DISPOSED of was that Nils. Stewart seriously
objected TO having them pass out OF the hands oil
the estate.