Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-03-16
BUSINESS LESSON.

Charles l.. Tifany's successful bust
ness career forms a good lesson for
the young men of today to study. Az
the time of his death he had just rass'
ed his ninetieth year and was as
much respected by those who worked
under him as by his associates in the
business world of New York.
Tiffany came from old New England
stock in Massachusetts. AS soon as
he could read and write he was put
into a cotton mill to learn the bust
ness. AS II did not suit his taste, he
borrowed a thousand dollars from his
father went to New York and began
business with an old schoolmate, John
D. Young, Tiffany supplying the CAPT.
tai and each to assume half the debts.
Tiffany selected a stock Of all kinds
of novelties and Tiffany and Young.
the pioneers of Tiffany & Co., made
their start in life.
WIN N'h gNuio NhN gOuib IhNi huh
taken a larger store and a new part,
ner, the firm being known as Tiffany.
Young 4 Ellis. In 1S4S, panic in
Paris resulted in a decline of so per
cent in the price OF diamonds. Young
was then in England buying jewelry
and Tiffany sent him word to hasten
to Paris and secure all the diamonds
| in sight. He did so and the house
made a fortune as well as becoming
known as the largest diamond house
in the United States.
In 1850 Mr.. Ellis retired from the
| firm and his place was taken by G.. f.
T. Reed of Boston, under the name of
| Tiffany. Reed & Co. A few years la.
way. Beginning next door to the old
Stewart place in lower Broadway, Tiff.
fanny gradually went up that main
thoroughfare as the business of the
city extended northward. In 1853 the
piece of the first Atlantic cable that
was left after the cable had been sue.
cessfully laid was purchased by Mr..
Tiffany. cut up in small pieces and of.
fered for sale as souvenirs. For weeks
guard of police was required to keep
the crowds in order around the store.
During the Civil War, Tiffany offer.
ed his capital and the facilities Of the
business to the Government, and for a
time the store was a depot for military
supplies. 1t was in 1870 that the last
move of the firm was made to the
Union Square house where 1t now
stands. 1t then had a branch in
Paris. offices In London and Geneva,
and factory in Geneva for the man
ufacture of watches. III 1865 the firm
was incorporated as Tiffany Il Co.,
Mr.. Reed retiring. Besides receiving
honors from the Car Of Russia and
the President of France, Mr.. Tiffany
was one of the founders OF the Amer
lean Fine Arts Association. a Fellow
of the Geographical Society, trustee
of the Museum of Natural History, a
member of the Historical Society. a
trustee OF the Metropolitan Museum
of Art, one of the founders of the
Union League Club and a member Of
the Union, New York. New York
Yacht, Southsidc Sportsmen's, Jockey
West End and numerous other clubs
He belonged to the Protective Tariff
League and was a director in several
banks and trust companies.
THE Grand Old Man of the Jewelry
Trade was one Of the pioneers of tho
business in the United States, and III
was the first to adopt the department
/ store plan in his business; in fact
there were few new ideas in the wa!
of conducting a jewelry store tina
A. were not of his invention. BY stead
ness, strict attention to business an,
; the aptitude to seize upon and maxi
/ opportunities, the boy, who borrowe,
=. a thousand dollars from his father, de
/ velOped into Charles Lewis Tiffany
, head of the largest jewelry house Il
. the United States and one of the mos
: respected business men In the .eour
s try.