Home

Captains of Industry Part 9

Captains of Industry - novelonlinefull.com

You’re read light novel Captains of Industry Part 9 online at NovelOnlineFull.com. Please use the follow button to get notification about the latest chapter next time when you visit NovelOnlineFull.com. Use F11 button to read novel in full-screen(PC only). Drop by anytime you want to read free – fast – latest novel. It’s great if you could leave a comment, share your opinion about the new chapters, new novel with others on the internet. We’ll do our best to bring you the finest, latest novel everyday. Enjoy

Promotion is sure to come to a lad of that spirit, and accordingly we soon find him a clerk in a country store earning two hundred dollars a year and his board, besides being head over ears in love with a beautiful girl. At first he did not know that he was in love; but, one day, when he had been taking dinner with her family, and had talked with the young lady herself after dinner a good while, he came out of the house, and was amazed to discover that the sun was gone from the sky.

"In a confused manner," he relates, "I inquired of her father what had become of the sun. He politely replied, 'It has gone down!' I knew then that I was in love. It was a plain case."

In those good old times marriage did not present the difficulties which it now does. He was soon married, obtained more lucrative employment, got into business for himself, failed, studied law, and found himself, at the age of thirty-six, the father of a family of six children, twenty-eight thousand dollars in debt, and, though in good practice at the bar, not able to reduce his indebtedness more than a thousand dollars a year. So he set his face toward Oregon, then containing only three or four hundred settlers. He mounted the stump and organized a wagon-train, the roll of which at the rendezvous contained two hundred and ninety-three names. With this party, whose effects were drawn by oxen and mules, he started in May, 1843, for a journey of seventeen hundred miles across a wilderness most of which had never been trodden by civilized men.

For six months they pursued their course westward. Six persons died on the way, five turned back, fifteen went to California, and those who held their course towards Oregon endured hardships and privations which tasked their fort.i.tude to the uttermost. Mr. Burnett surveyed the scenes of the wilderness with the eye of an intelligent and sympathetic observer. Many of his remarks upon the phenomena of those untrodden plains are of unusual interest, whether he is discoursing upon animate or inanimate nature.

Arrived in Oregon, an eight months' journey from Washington, the settlers were obliged to make a provisional government for themselves, to which the Tennessee lawyer lent an able hand. He relates an incident of the first collision between law and license. They selected for sheriff the famous Joseph L. Meek, a man of the best possible temper, but as brave as a lion. The first man who defied the new laws was one Dawson, a carpenter, scarcely less courageous than Meek himself. Dawson, who had been in a fight, disputed the right of the sheriff to arrest him. The sheriff simply replied:--

"Dawson, I came for you."

The carpenter raised his plane to defend himself. Meek wrested it from him. Dawson picked up his broad axe, but on rising found himself within a few inches of Meek's c.o.c.ked revolver.

"Dawson," said the sheriff, laughing, "I came for you. Surrender or die."

Dawson surrendered, and from that hour to the present, Oregon has been ruled by law. In the course of five years the pioneer had brought under cultivation a good farm in Oregon, which supported his family in great abundance, but did not contribute much to the reduction of those Tennessee debts, which he was determined to pay if it took him all his life to do it.

The news of the gold discovery in California reached Oregon. He organized another wagon-train, and in a few months he and another lawyer were in the mining country, drawing deeds for town lots, from sunrise to sunset, at ten dollars a deed. They did their "level best," he says, and each made a hundred dollars a day at the business. Again he a.s.sisted in the formation of a government, and he was afterwards elected the first governor of the State of California. At present, at the age of seventy-five, his debts long ago paid, a good estate acquired, and his children all well settled in life, he amuses himself with discounting notes in the Pacific Bank of San Francisco. Every person concerned in the management of a bank would do well to consider his wise remarks on the business of banking. When a man brings him a note for discount, he says, he asks five questions:--

1. Is the supposed borrower an honest man? 2. Has he capital enough for his business? 3. Is his business reasonably safe? 4. Does he manage it well? 5. Does he live economically?

The first and last of these questions are the vital ones, he thinks, though the others are not to be slighted.

[Ill.u.s.tration: Gerrit Smith]

GERRIT SMITH.

For many years we were in the habit of hearing, now and then, of a certain Gerrit Smith, a strange gentleman who lived near Lake Ontario, where he possessed whole townships of land, gave away vast quant.i.ties of money, and was pretty sure to be found on the unpopular side of all questions, beloved alike by those who agreed with him and those who differed from him. Every one that knew him spoke of the majestic beauty of his form and face, of his joyous demeanor, of the profuse hospitality of his village abode, where he lived like a jovial old German baron, but without a baron's battle-axe and hunting spear.

He was indeed an interesting character. Without his enormous wealth he would have been, perhaps, a benevolent, enterprising farmer, who would have lived beloved and died lamented by all who knew him. But his wealth made him remarkable; for the possession of wealth usually renders a man steady-going and conservative. It is like ballast to a ship. The slow and difficult process by which honest wealth is usually acquired is pretty sure to "take the nonsense out of a man," and give to all his enterprises a practicable character. But here was a man whose wealth was more like the gas to a balloon than ballast to a ship; and he flung it around with an ignorance of human nature most astonishing in a person so able and intelligent. There was room in the world for one Gerrit Smith, but not for two. If we had many such, benevolence itself would be brought into odium, and we should reserve all our admiration for the close-fisted.

His ancestors were Dutchmen, long settled in Rockland County, New York.

Gerrit's father owned the farm upon which Major Andre was executed, and might even have witnessed the tragedy, since he was twelve years old at the time. Peter Smith was his name, and he had a touch of genius in his composition, just enough to disturb and injure his life. At sixteen this Peter Smith was a merchant's clerk in New York, with such a love of the stage that he performed minor parts at the old Park theatre, and it is said could have made a good actor. He was a sensitive youth, easily moved to tears, and exceedingly susceptible to religious impressions.

While he was still a young man he went into the fur business with John Jacob Astor, and tramped all over western and northern New York, buying furs from the Indians, and becoming intimately acquainted with that magnificent domain. The country bordering upon Lake Ontario abounded in fur-bearing animals at that period, and both the partners foretold Rochester, Oswego, and the other lake ports, before any white man had built a log hut on their site.

Astor invested his profits in city lots, but Peter Smith bought great tracts of land in northern and western New York. He sometimes bought townships at a single purchase, and when he died he owned in the State not far from a million acres. His prosperity, however, was of little advantage to him, for as he advanced in life a kind of religious gloom gained possession of him. He went about distributing tracts, and became at length so much impaired in his disposition that his wife could not live with him; finally, he withdrew from business and active life, made over the bulk of his property to his son, Gerrit, and, settling in Schenectady, pa.s.sed a lonely and melancholy old age.

Gerrit Smith, the son of this strong and perturbed spirit, was educated at Hamilton College, near Utica, where he figured in the character, very uncommon at colleges in those days, of rich man's son; a strikingly handsome, winning youth, with flowing hair and broad Byron collar, fond of all innocent pleasures, member of a card club, and by no means inattentive to his dress. It seems, too, that at college he was an enthusiastic reader of pa.s.sing literature, although in after days he scarcely shared in the intellectual life of his time. At the age of twenty-two he was a married man. He fell in love at college with the president's daughter, who died after a married life of only seven months. Married happily a second time a year or two after, he settled at his well-known house in Peterboro, a village near Oswego, where he lived ever after. The profession of the law, for which he had prepared himself, he never practiced, since the care of his immense estate absorbed his time and ability; as much so as the most exacting profession. In all those operations which led to the development of Oswego from an outlying military post into a large and thriving city, Gerrit Smith was of necessity a leader or partic.i.p.ant,--for the best of his property lay in that region.

And here was his first misfortune. Rich as he was, his estate was all undeveloped, and nothing but the personal labor of the owner could make it of value. For twenty years or more he was the slave of his estate. He could not travel abroad; he could not recreate his mind by pleasure.

Albany, the nearest large town, was more than a hundred miles distant, a troublesome journey then; and consequently he had few opportunities of mingling with men of the world. He was a man of the frontier, an admirable leader of men engaged in the mighty work of subduing the wilderness and laying the foundations of empires. He, too, bought land, like his father before him, although his main interest lay in improving his estate and making it accessible.

In the midst of his business life, when he was carrying a vast spread of sail (making ca.n.a.ls, laying out towns, deep in all sorts of enterprises), the panic of 1837 struck him, laid him on his beam ends, and almost put him under water. He owed an immense sum of money--small, indeed, compared with his estate, but crushing at a time when no money could be raised upon the security of land. When he owned a million acres, as well as a great quant.i.ty of ca.n.a.l stock, plank-road stock, and wharf stock, and when fifteen hundred men owed him money, some in large amounts, he found it difficult to raise money enough to go to Philadelphia. In this extremity he had recourse to his father's friend and partner, John Jacob Astor, then the richest man in North America.

Gerrit Smith described his situation in a letter, and asked for a large loan on land security.

Mr. Astor replied by inviting him to dinner. During the repast the old man was full of anecdote and reminiscence of the years when himself and Peter Smith camped out on the Oswego River, and went about with packs on their backs buying furs. When the cloth was removed the terrible topic was introduced, and the guest explained his situation once more.

"How much do you need?" inquired Astor.

"In all, I must have two hundred and fifty thousand dollars."

"Do you want the whole of it at once?" asked the millionaire.

"I do," was the reply.

Astor looked serious for a moment, and then said:--

"You shall have it."

The guest engaged to forward a mortgage on some lands along the Oswego River, and a few days after, before the mortgage was ready, the old man sent his check for the two hundred and fifty thousand dollars. Through the neglect of a clerk the mortgage papers were not sent for some weeks after, so that Mr. Astor had parted with this great sum upon no other security than a young man's word. But John Jacob Astor was a good judge of men, as well as of land.

Thus relieved, Gerrit Smith pursued his career without embarra.s.sment, and in about twenty years paid off all his debts, and had then a revenue ranging from fifty to a hundred thousand dollars a year. He gave away money continuously, from thirty thousand to a hundred thousand dollars a year, in large sums and in small sums, to the deserving and the undeserving. Of course, he was inundated with begging letters. Every mail brought requests for help to redeem farms, to send children to school, to buy a piano, to buy an alpaca dress with the tr.i.m.m.i.n.gs, to relieve sufferers by fire, and to pay election expenses.

"The small checks," Mr. Frothingham tells us, "flew about in all directions, carrying, in the aggregate, thousands of dollars, hundreds of which fell on sandy or gravelly soil, and produced nothing."

He gave, in fact, to every project which promised to relieve human distress, or promote human happiness. He used to have checks ready drawn to various amounts, only requiring to be signed and supplied with the name of the applicant. On one occasion he gave fifty dollars each to all the old maids and widows he could get knowledge of in the State of New York--six hundred of them in all. He gave away nearly three thousand small farms, from fifteen to seventy-five acres each, most of them to landless colored men.

"For years," said he, "I have indulged the thought that when I had sold enough land to pay my debts, I would give away the remainder to the poor. I am an Agrarian. I would that every man who desires a farm might have one, and no man covet the possession of more farms than one."

I need not say that these farms were of little benefit to those who received them, for our colored friends are by no means the men to go upon a patch of northern soil and wring an independent livelihood out of it. Gerrit Smith was a sort of blind, benevolent Samson, amazingly ignorant of human nature, of human life, and of the conditions upon which alone the welfare of our race is promoted. He died in 1874, aged seventy-seven, having lived one of the strangest lives ever recorded, and having exhibited a cast of character which excites equal admiration and regret.

PETER FORCE.

One of the interesting sights of the city of Washington used to be the library of "Old Peter Force," as he was familiarly called,--Colonel Peter Force, as he was more properly styled. He was one of the few colonels of that day who had actually held a colonel's command, having been regularly commissioned by the President of the United States as a colonel of artillery in the District of Columbia. He might, indeed, have been called major-general, for in his old age he held that rank in the militia of the district. And a very fine-looking soldier he must have been in his prime, judging from the portrait which used to hang in the library, representing a full-formed man, tall and erect, his handsome and benevolent countenance set off by an abundance of curly hair.

His library had about the roughest furniture ever seen in an apartment containing so much that was valuable. As I remember it, it was a long, low room, with streets and cross-streets of pine book-shelves, unpainted, all filled with books to their utmost capacity--a wilderness of books, in print and in ma.n.u.script, mostly old and dingy, and almost all of them relating in some way to American history. The place had a very musty smell; and as most of its treasures were in the original bindings, or without bindings, few persons would have suspected the priceless value of the collection. I am acquainted with a certain library in New York of several thousand volumes, most of which are bound resplendently in calf and gold, and the room in which they are kept is "as splendid as a steamboat," but old Peter Force could show you single alcoves of his library which, at a fair valuation, would buy out all that ma.s.s of sumptuosity.

It was not always easy to find the old gentleman in his dusty, dingy wilderness; but when you had discovered him in some remote recess he would take pleasure in exhibiting his treasures. He would take down his excellent copy of Eliot's Indian Bible, a book so faithfully made in every respect that I question if, as a mere piece of book-making, it could now be matched in the United States. He lived to see this rarity command in New York the price of fourteen hundred and fifty dollars. He would show you forty-one works, in the original editions, of Increase and Cotton Mather, the most recent of which was published in 1735. He possessed a large number of books printed and bound by Benjamin Franklin. He had two hundred volumes of the records of Colonial legislatures. He could show you a newspaper of almost every month--nay, almost every week, since newspapers were first published in America. He had in all nine hundred and fifty bound volumes of newspapers, of which two hundred and forty-five volumes were published before the year 1800.

He would show you a collection of more than thirty-nine thousand pamphlets, of which eight thousand were printed before the year 1800.

His collection of maps relating to America was truly wonderful. Besides all the early atlases of any note, he had over a thousand detached maps ill.u.s.trative both of the geography and history of America; for many of them were maps and plans drawn for military purposes. He would show you, perhaps, a pen-drawing of date 1779, by a British officer, upon which was written: "Plan of the rebel works at West Point." He had also several plans by British officers of "the rebel works" around Boston during the revolution.

Besides such things (and he had over three hundred plans and maps of which there was no other copy in existence), he possessed a surprising number of books printed in the infancy of the printer's art; among them specimens representing every year from 1467 onward. He had more than two hundred and fifty books printed before the year 1600, so arranged that a student could trace the progress of the art of printing from the days of Caxton. He had also a vast collection of ma.n.u.scripts, numbering four hundred and twenty-nine volumes, many of which were of particular interest. The whole number of volumes in the library was 22,529, and the number of pamphlets nearly 40,000.

The reader, perhaps, imagines that the collector of such a library must have been a very rich man, and that he traveled far and wide in search of these precious objects. Not at all. He never was a rich man, and I believe he rarely traveled beyond the sight of the dome of the Capitol.

Indeed, the most wonderful thing about his collection was that he, who began life a journeyman printer, and was never in the receipt of a large income, should have been able to get together so vast an amount of valuable material. Part of the secret was that when he began to make his collection these things were not valued, and he obtained many of his most precious relics by merely taking the trouble to carry them away from the garrets in which they were mouldering into dust, unprized and unknown.

A wise old New York merchant, long ago himself mouldered into dust, used to say:--

"Men generally get in this world exactly what they _want_."

"How can that be?" asked a youngster one day. "Almost everybody in New York wants to be rich, but very few of them ever will be. I _want_ a million or so myself."

Please click Like and leave more comments to support and keep us alive.

RECENTLY UPDATED MANGA

The Grand Secretary's Pampered Wife

The Grand Secretary's Pampered Wife

The Grand Secretary's Pampered Wife Chapter 743.2: Safe Return Author(s) : Pian Fang Fang, 偏方方, Folk Remedies, Home Remedy View : 572,977

Captains of Industry Part 9 summary

You're reading Captains of Industry. This manga has been translated by Updating. Author(s): James Parton. Already has 601 views.

It's great if you read and follow any novel on our website. We promise you that we'll bring you the latest, hottest novel everyday and FREE.

NovelOnlineFull.com is a most smartest website for reading manga online, it can automatic resize images to fit your pc screen, even on your mobile. Experience now by using your smartphone and access to NovelOnlineFull.com