Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1895-11-12
Rouss Trade journal Leader.

l
1t is q welnown fact, that in the
erly years of his stupendus career
A. T. Stewart rarely took single
days vacation he was ther erly and
late and AL THE TIME, perfect mas
ter of al the details of his colossal
bisnes, with keen piercing insite
into the caracter and ability of his
Iieutenants, and he was considerd
final authority upon that talismanic
word, UNDERsEL. Many of his small
rivals in that age of mercantile giants
considerd it absolutely Indispensable
to spend at least four months acros
the water, or at Saratoga, and when
tha got back, usually found the bisnes
crippled or in the last stages of con-
sumpti on. One instance in particu-
lar: Wn. Knisely & Co., with a
'striple rating" took his first trip
acros, and when he got back King
Credit had scalpt and swept his on
ord name off the pages of comercial
story. We wer then in Church stret
Dun had us on his tComercial
Agency" BLANK, which ment, ''sTAND
FROM UNDER" In thos terrific years
ther wer no vacations or holidays
Sunday, Fourth of July, Xmas-one
continuous stretch of toll, morning,
noon and mite, often TwENTY-FoUR
HOURS A DA. We wer watching the
mercantile titans who doomed up
abuv us on evry side, and as the
years past, thes mercantile monarx
crumbled and fel one after another,
until TIME HAD ERASED THEM FROM
THE TABLETS OF MEMORY.
Their was another vacation man
his name was Linington, of Chicago.
He had on the 'Rouss System" bilt
up rite nice little bisnes, and thaut
he needed sum recreation, and finally
concluded to spend the Sumer in
Europe. Whether he went for rest
or plesur, or, perhaps, to Sc if he cud
not underqote US on II Agate Buttons
at Twenty Gents, is a problem. AT
any rate, he bundled up his traps and
started. 1t is sed that the festiv
Wolf screamd with latter when he
saw his scorching competitor jump
abord the steamer with his trunk and
traps. He had ben gon but brief
time when message from the hous
sumond him bak-ther was truble in
the Camp. 1t is sed he will settle at
sixty. He had left the concern in
charg of his buyers and bisnes man
ayers. and the caus of the truble was
that THE MASTER WAS NOT AT THE
WHEEL.
L. NJ. Bates and E. S. Jaffrey wer
two perfect parallels in their terrific
struggles for the mastery. Ten years
ago, Jaffrey cud hav retired with
thre millions, and when the old mas
ter left the ''cancer of credit seems
to hay had its own way; still, tha viii
THE DOLLAR. Mr.. Bates always claimd
that he had paid his partners SIXTEEN
HUNDRED THoUsAND-he retired from
bisnes worth haf a million, tho had
he qit ten years ago he wud hav
had largly over One Million. Clafin
seems to be at the he'd of the list of
victors in the 'scredit line,' tho
George Bliss retired with large
fortune; Tefft and Dunham and
Sweetzer still keep up the uneven
fite, but "KING CREDIT" and part
NERsHIP" ar rarely beaten, ono in a
generation. Their is but one power
that vii pulverize them, and that is,
UNDERBY, UNDERsEL, CASH DOWN
that will do it NINETY-NINE out of ONE
HUNDRED.
Then, agen. thes ,ponderus, stu
pendus, long-winded old hi-kikers,
too much mony. Just think of it,
Jaffrey owed Thre Millions. and in
its publisht statement the largest
concern on the Continent of America
| figured out over SIX MILLIONS OF
LIABILITIES. How else cud the bank
liv without thes splendid big-harted
fellows? And agen, when tina cum
tn take inventory and divide up, ther
ar about ten to twenty partners, and
evry felo takes his pile out of the
hous aud invests it in another chanel
each for himself. Our sky-scraper
has no one to divide with, and what
ever ther is of profit remains with
the hous. I remember the fierce, bald
eagle eye of Stewart, as / told him
what was going to under his sys-
tenn. Still, the thing didn't work, i
cud not get the line from him just
then-afterwards, when / did not
want it, he was gon. Clafin bowed
me out of his privat offs good-natur-
edIy, and even lafing, and sed it eoH
be Just as U say, and sa it was. L
afterwards went to Sc Erastus Wiman
--he was a very busy man, but tried
to keep qiet and listen; ther was
a ro of peple waiting for him, and he
freqentiy interrupted me by bowling
to sum one in the long line, He
knu of the utter absence of any cash
in nv capital, he knu my desperat
condition, and 1 tried to impres him
that it was al in BRAINS and not in
HARD CASH. sed to him for the
second time: ''Mr. Wiman, in ten
years my sign will hang on Broadway
and.I viii hav past the million mile
post" He seemed to be looking
away off in the eternal wastes of
space and sharply replied, 'sthen Q
will be one of milion-'
The other da, at sale in Townsend
/ thor rvaS n larO i0t, 0f