Hidden Treasures Part 1

Hidden Treasures.

by Harry A. Lewis.

PREFACE.

Some succeed while others fail. This is a recognized fact; yet history tells us that seven-tenths of our most successful men began life poor.

As our t.i.tle indicates, we shall endeavor to show "why some succeed while others fail." Knowing that everybody desires success, and recognizing the old adage, "Example is the best of teachers," we have selected representative characters from the mult.i.tude of successful men who have climbed the ladder of success, beginning at the bottom round.

These we have followed from childhood to manhood, dwelling at length on the traits of character that have made them so rich and successful, believing that a careful study will convince all that the proverbial "luck" had little to do with it. On the contrary, one is taught those lessons of self-helpfulness and self-reliance which are so essential to success in life's struggles. It is fearful to think how many of our young people are drifting without an aim in life, and do not comprehend that they owe mankind their best efforts. We are all familiar with the parable of the slothful servant who buried his talent--all may profit by his example. To those who would succeed, we respectfully present this volume.

_Every young man is now a sower of seed on the field of life. The bright days of youth are the seed-time. Every thought of your intellect, every emotion of your heart, every word of your tongue, every principle you adopt, every act you perform, is a seed, whose good or evil fruit will prove bliss or bane of your after life._--WISE.

INTRODUCTION.

Dear reader, it is a grave undertaking to write a book, especially is it so in writing a treatise on success and failure, as we have attempted to do in the work we hereby present you. It is a solemn thing to give advice. Experience teaches that no one thing will please everybody; that men's censures are as various as their palates; that some are as deeply in love with vice as others are with virtue. Shall I then make myself the subject of every opinion, wise or weak? Yes, I would rather hazard the censure of some than hinder the good of others.

There need neither reasons to be given nor apologies to be made where the benefit of our fellow-men is our aim. Henry Clay Trumbull says: "At no time in the world's history, probably, has there been so general an interest in biography as that which has been shown of late. Just here lies a weighty obligation upon these who write, and those who read, of the lives of men who have done something in the world. It is not enough for us to know WHAT they have done; it belongs to us to discover the WHY of their works and ways, and to gain some personal benefit from the a.n.a.lysis of their successes and failures. Why was this man great? What general intentions--what special traits led him to success? What ideal stood before him, and by what means did he seek to attain it? Or, on the other hand, what unworthy purpose, what lack of conscience and religious sense, what unsettled method and feeble endeavor stood in the way of the 'man of genius' and his possible achievements?" In this volume one sees the barefoot boy rise to the eminent statesman, the great millionaire, the honored inventor. How was this accomplished? We believe that a careful study of the different characters, by the light of the author's opinion of the characteristics essential to success, as shown in Department Fifth, will show why they succeeded.

Let the reader follow each character separately, from childhood to manhood, noting carefully the different changes in the career of each and the motives which actuated and brought them about. If this book shall serve to awaken dormant energies in ONE PERSON who might otherwise have failed, we shall feel abundantly repaid. Doubtless, there are others who are better qualified to write a treatise on such a subject; nevertheless, we have done our best, and this done, we have attained success.

QUOTATIONS.

_A man, to succeed, must possess the necessary equanimity of temperament to conceive an idea, the capacity to form it into some tangible shape, the ingenuity to put it into practical operation, the ability to favorably impress others with its merits, and the_ POWER _of_ WILL _that is absolutely necessary to force it to success._

--THOMAS A. SCOTT.

_Labor rids us of three evils.--Tediousness, Vice and Poverty._

--CARLYLE.

"_Never start upon an undertaking until you are sure it is practicable and ought to be done, and then let nothing stand long in the way of accomplishing that undertaking. It is better to deserve success than to have it; few deserve it who do not attain it._"

"_There is no failure in this country for those whose personal habits are good, and who follow some honest calling industriously, unselfishly, and purely. If one desires to succeed, he must pay the price_--WORK!"

_In order to succeed, a man must have a purpose fixed, then let his motto be_ VICTORY OR DEATH.

--HENRY CLAY.

"_Be liberal but cautious; enterprising but careful._"

"_Our greatest glory is not in never falling, but in rising every time we fall._"

_Fail!--Fail?_ _In the lexicon of youth, which Fate reserves for a bright manhood, there is no such word_ _As--fail!_--"RICHELIEU."

_Benjamin Franklin has truly said: The road to wealth is as plain as the road to mill._

DANIEL DREW.

Here is a great financier. A man of unusual ability; but who is no exception to the rule, born poor. His success came by hard work and a thorough mastery of his business. It is surprising how many Wall Street operators began life on the farm. In the case of Daniel Drew, at the age of only fifteen, matters were made worse by the death of his father.

At eighteen, he concluded to go to New York; but, after a discouraging time of it, his money giving out, he was obliged to return to his home.

However, his trip did not prove a total failure, as subsequent events show. While in the metropolis he heard that fat cattle could be sold there at a profit over what he knew they could be bought for, at his country home. He therefore resolved to go into the cattle business.

True, he had no money, he was a poor country lad, but this made little difference with Drew's determination. As he had no money with which to buy a drove for himself, he did the next best thing; this was to induce the neighboring farmers to allow him to drive their cattle to market on a commission plan. By this one act the reader can understand the difference between Daniel Drew and the neighboring farm boys, many of whom were better situated, doubtless, than was he.

Another characteristic he developed was economy; his money was saved and with these small savings he added cattle to his drove which were his own, hence, increased his profits; first one at a time, then two, when at last he abandoned the commission business, becoming a drover on his own account. Later, he took a partner and the firm of Drew & Co. became the cattle kings of America. This was the first firm that ever drove cattle from the West, and Drew, ever watchful for opportunities to add to his already increasing income, bought a tavern which became, as Drew knew it would under good management, the centre of the cattle business in the city on market days.

As time pa.s.sed, as a matter of course, following such a line of procedure, he became a very rich man, and his disposition being of an enterprising nature, he began to cast about him for new investments, seeking new fields to conquer. The explosion of a boat on the Hudson, discommoding for a time the existing line, offered to Drew the favorable opportunity for which he was looking, and as was characteristic he at once improved his chance. He immediately placed on the river the "Water Witch"; the old line resumed business; the fares were reduced until the profits of both companies were eaten up. The opposition tried to intimidate, they tried to buy out, and then tried to negotiate some other deals, but all in vain. On the contrary Drew put on the "Westchester," and instead of stopping at Peekskill, he extended to Albany. He next bought the "Bright Emerald," and started an evening line. This was a new feature in those days and as it enabled the business men to travel without loss of time, it became eminently popular.

Drew was a man with a fertile mind; he made a study of whatever he undertook; he was a hard man to beat. He bought the "Rochester," and next bought out the old line. For a long time he had things pretty much his own way; then came a new opposition. This time, through negotiations, he won the opposition over and established the celebrated "People's Line," naming their first boat after his new partner, "St.

John." Mr. Drew, in connection with others, formed the "Stonington Line"

between New York and Boston, and still later he opened the "Champlain Transportation Company" from White Hall, New York, to Rouses Point, Vermont. He next placed his shoulder under Erie, endorsing its paper to the amount of ten millions. Later still he was elected President of this company, and as Erie and Central are natural enemies, Vanderbilt and Drew henceforth became hostile toward each other. Mr. Drew wanted to extend Erie west. To do this he must get a special act of the Legislature. Of course, he had Vanderbilt and Central, with all their patronage, with which to contend, and a bitter fight it proved to be; but in those days Daniel Drew seemed invincible in court, and the bill pa.s.sed, Erie re-issuing stock and extending its lines.

He was a member of the Methodist Episcopal Church, and to him is that religious body indebted for that grand inst.i.tution, "Drew Theological Seminary." Many men would have made a worse use of vast wealth than did Daniel Drew. He was a man who was quiet; he kept his "points," and was a pleasing conversationalist. In 1879 he died, leaving two children.

RUSSELL SAGE.

This wonderful man was born at Verona, Oneida County, New York, over sixty years ago. In early life, he determined to earn all that he could, and spend less than he earned. When he arrived at the age of fifteen, he removed to Troy, and entered the grocery store of one of his brothers.

Until eighteen years of age he remained here as a clerk when he had saved money enough to buy an interest in another store of which another brother was proprietor. Here he remained several years in successful trade, when the partnership was dissolved. He next turned his attention to the wholesale trade, dealing in grain, flour, pork, beef, etc., the most of these ventures proving successful.

His towns' people, recognizing his business ability elected him alderman for seven years, and later, treasurer of Rensselaer county. His fidelity in these trusts won for him a seat in Congress, and he was re-elected by an increased majority, serving both terms with great credit to himself and party.

In 1860, he had succeeded so well that he could show $200,000 on the credit side of his bank account. Seeking new fields to conquer, he naturally gravitated to the money centre, New York. Since that time Russell Sage has been as favorably known in Wall street as any broker in the country. He occupies an office in the same building with Gould, and scores of the leading spirits, with whom he mingles daily. He attends strictly to business, and never even smokes. Mr. Sage deals in everything which he deems "an investment,"--banks, railroad stock, real estate, all receive his attention. He is a very cautious operator, and cannot, by any possible means, be induced into a "blind pool." He has, however, been very successful in the "street," and it is said has built over three thousand miles of railroad. Russell Sage might easily be mistaken for a church deacon, instead of the keen operator that he is.

However, no one in the "street" will give away "points" to his friends sooner than he. The _Troy Times_ once mentioned several people who said that Mr. Sage had pointed out to them investments, of which they could never have known but for him, each investment having yielded them thousands of dollars. He often gives friends the benefit of his splendid opportunities, which makes him a general favorite among all brokers. Mr.

Sage enjoys the confidence and friendship of some of the leading operators, among whom are Jay Gould.

He is a man of marked ability, and honesty. He never fails to meet any of his obligations, nor will he allow others to neglect theirs. Of course, he is careful what he agrees to do, but always does just as he agrees, regardless of cost. For this reason he is known in Wall street as "Old Integrity." Russell Sage is a shrewd, close calculator, and is worth many millions, the result of improving his opportunities. He is a consistent member of the Evangelical Church, and is very charitable.

Long may such men live, for we have many worse.