New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-05-24
TALKS WITH FRIENDS AND ASSOCIATES.

TALKS WITH FRIENDS AND ASSOCIATES.
An old friend and business associate OF Mr..
Taylor said yesterday III conversation concerning tue
dead merchants career aud character; IAN OF Mr'
Taylors traits and tastes were those OF an active pusl-
ness man engaged building up the permanent indus
tries of the country His life was dcydod to that and
the work speaks for itself. He was essentially CON
seryatye man. and his abors directed toward pre-
serving and developing the stable institutions That form
the wealth and prosperity OF the community lie
was not particularly a fluent talser nor much
of n CONFERENCE.-The. His mode Of eX-
preston, however. remarkably clear ana, even
while always courteous forcble On any subject which
commanded his interest he could express himself with
singular power. lie had astonishing ability to grasp
business problem as II by intuition; his NINA WORKED
like flash Oh all such subjects lie weighed wen All
that he said and yet spoke promptly and in an oEhand
manner He was fond Of company, and more Jolly man
you would not often meet He hid "A clear ringing
Iaurh that when brought out, would FL the room.
"Mr TAYLOR was nothing of politician be
had no time TO spare from his business
work. His was, essentially, doing life. He was not
ostentatious in his charity. About four months ago. On
his sick bed he said of the working people OF Scranton
PENN am indebted to them the success omy enter
prises there want to recognize my obligation TO their
labor which made my capital productive. lie did this
by founding hospital scranton Tor sick, injured and
disabled employees OF the Delaware, Lackawanna ana
Western Railroad Company and the Lacka-
wanna Coal and Iron Company The endo"-
ment Amounted to $2jOOOO in railroad bonds,
with premium and accrued interest to
about S275,OOO Samuel sloan and Edwin F. Hatfield,
IT, respectively presidents % the two companies have
been selected as the trustees Of the fund.-
Another prominent business associate said; Il re-
member how answering Mr. Taylors faith was IN the
success Of the Atlantic Cable The day the first dispatch
was received II few people believed the announce
ment to be true knoc il is so, said NJ Tayio with
an emphasis that bespoke the confidence he had that the
labor and monetary support he had given to the enter
prise we're not in vain. II is almost law in business
that ninety nine out Of every hundred men fail at some
time in their lives Mr. Taylor one OF the very few
who always met Their obli2 ations He withstood the
crisis OF s37 when hundreds of houses fell In day
and 1t was 40 1857. lie always paid in full for al the
securities he bought
SUCCESSFUL IN ALL HIS UNDERTAKINGS.
A lifelong friend OF Mr. Taylor who was also as
sociated with him business, said last nights There
was no more eminent business man IN the city, He was
always thoroughly master OF his business and earned
success throughout his life He adapted to business
I'm every way Quick, prompt and energetic, We shall
rarely find his equal not only "a merchant nut as
banker His admirable management or the cry Bank
mad. II n prosperons institution. lie was the most
active man in the railroad iron and coal companies In
which he was engaged, for ne was born leader; and
he made success of everything that he undertook He
put great deal Of money into The first Atlantic cable
wnen few had confidence in It, and
II is only fair to say that that cable would
not probably have been laid bun for his efforts.
He was Of especial value and prominence in financial
crises like those Of 81 and 10 When others dis
hcariened his courage was good and rendered
more poItan services in preserving confidence. He
saw what necessary, and acted promptly, and was
always leader the efforts TO restore credit Per
haps the striking epoch ia Mr. Taylors life was
duril Z the war lie supporter Of the Coy
eminent and sided IL b. his money, influence and
/ iuay he
lie doubted the success OF the Union. As know
from my ssociaOn with MIN then, one ia New
York was active IN raising loans the Govern
III this he the Leaning man among the bankers
and he constantly inspired the business men with con
ndence. AT Washington think he regarded the
leading Dancer OF the city anu he had following here
ment was almost i'll despair, and Secretary Chase
fairly begging for money Mr.. Taylor forward
eadSr in tue work of providing the Government with
funds and others followed that his had magnif
| cent effect. He concentrated himself Whatever lie
led TO his almost inyariable success
"Mi. Taylor was a very knd-nearted but unostenia-
His charities matter OF his lie often made
personal loans TO deserving persons who were
barfassed and worthy people VINO had become impover
isned never appealed TO him IN vain There
TINS city who indebted to him Tor their fortunes aud
Others who owe him their very o support lie
was very strong character aud his likes and his Dis
likes were exceedingly iorcine' Sometimes he refused
to give help but he Was always ready TO heip deserv
Ing cause. Personally lie was not at all what Is called
strong Trend and with his friends he was very genial aud
social IL not every one who knew air. Taylor.
haps fepelled by his strong individuality. But knew
him from boyhood We were personal friends, and for
bank lie was kind and gentle man at heart, the soul
of honor and In my lifelong knowledge OF him, never
| knew him guilty oi d mean Or unworthy act"
| GRAsPING CONCLUSIONS AT ONCE.
Another friend of Mr.. Taylor said The remarkable
thing about Mr. Taylor was his power OF intutve per
| oeption lie seemed TO have need OF reasoning
out any matter be and grasped the conclusion
al once This especially true in business affairs