Captains of Industry by James Parton (life changing books to read TXT) π
If it had been a picture, I should have had it framed and hung up over my desk, a perpetual admonition to me to do my work well; not too fast; not too much of it; not with any showy false polish; not letting anything go till I had done all I could to make it what it should be.
In telling this little story, I have told thousands of stories. Take the word hammer out of it, and put glue in its place, and you have the history of Peter Cooper. By putting in other words, you can make the true history of every great business in the world which has lasted thirty years.
The true "protective system," of which we hear so much, is to make the best article; and he who does this need not buy a ticket for Colorado.
ICHABOD WASHBURN,
WIRE-MAKER.
Of all our manufactures few have had a more rapid development than wire-making. During the last thirty years the world has been girdled by telegraphic wires and
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It was a fortunate move for our brave shoemaker. He obtained work and good wages at once, soon sent for his wife, and their united earnings more than supplied their wants. A timely legacy of ten pounds from his grandfather gave them a little furniture, and he became again a frequenter of second-hand bookstores. He could scarcely resist the temptation of a book that he wanted. One Christmas Eve he went out with money to buy their Christmas dinner, but spent the whole sum for a copy of Young's "Night Thoughts." His wife did not relish this style of Christmas repast.
"I think," said he to his disappointed spouse, "that I have acted wisely; for had I bought a dinner we should have eaten it to-morrow, and the pleasure would have been soon over; but should we live fifty years longer we shall have the 'Night Thoughts' to feast upon."
It was his love of books that gave him abundant Christmas dinners for the rest of his life. Having hired a little shop in which to sell the shoes made by himself and his wife, it occurred to him that he could employ the spare room in selling old books, his chief motive being to have a chance to read the books before he sold them. Beginning with a stock of half a hundred volumes, chiefly of divinity, he invested all his earnings in this new branch, and in six months he found his stock of books had increased fivefold. He abandoned his shoemaking, moved into larger premises, and was soon a thriving bookseller. He was scrupulous not to sell any book which he thought calculated to injure its readers, although about this time he found the Methodist Society somewhat too strict for him. He makes a curious remark on this subject:β
"I well remember," he says, "that some years before, Mr. Wesley told his society at Bristol, in my hearing, that he could never keep a bookseller six months in his flock."
His trade increased with astonishing rapidity, and the reason was that he knew how to buy and sell. He abandoned many of the old usages and traditions of the book trade. He gave no credit, which was itself a startling innovation; but his master-stroke was selling every book at the lowest price he could afford, thus giving his customers a fair portion of the benefit of his knowledge and activity. He appears to have begun the system by which books have now become a part of the furniture of every house. He bought with extraordinary boldness, spending sometimes as much as sixty thousand dollars in an afternoon's sale.
As soon as he began to live with some liberality kind friends foretold his speedy ruin. Or, as he says:β
"When by the advice of that eminent physician, Dr. Lettsom, I purchased a horse, and saved my life by the exercise it afforded me, the old adage, 'Set a beggar on horseback and he'll ride to the devil,' was deemed fully verified."
But his one horse became two horses, and his chaise a chariot with liveried servants, in which vehicle, one summer, he made the round of the places in which he had lived as a shoemaker, called upon his old employers, and distributed liberal sums of money among his poor relations. So far from being ashamed of his business, he caused to be engraved on all his carriage doors the motto which he considered the secret of his success:β
small profits do great things.In his old age he rejoined his old friends the Methodists, and he declares in his last edition that, if he had never heard the Methodists preach, in all probability he should have remained through life "a poor, ragged, dirty cobbler."
HORACE GREELEY'S START.I have seldom been more interested than in hearing Horace Greeley tell the story of his coming to New York in 1831, and gradually working his way into business there.
He was living at the age of twenty years with his parents in a small log-cabin in a new clearing of Western Pennsylvania, about twenty miles from Erie. His father, a Yankee by birth, had recently moved to that region and was trying to raise sheep there, as he had been accustomed to do in Vermont. The wolves were too numerous there.
It was part of the business of Horace and his brother to watch the flock of sheep, and sometimes they camped out all night, sleeping with their feet to the fire, Indian fashion. He told me that occasionally a pack of wolves would come so near that he could see their eyeballs glare in the darkness and hear them pant. Even as he lay in the loft of his father's cabin he could hear them howling in the fields. In spite of all their care, the wolves killed in one season a hundred of his father's sheep, and then he gave up the attempt.
The family were so poor that it was a matter of doubt sometimes whether they could get food enough to live through the long winter; and so Horace, who had learned the printer's trade in Vermont, started out on foot in search of work in a village printing-office. He walked from village to village, and from town to town, until at last he went to Erie, the largest place in the vicinity.
There he was taken for a runaway apprentice, and certainly his appearance justified suspicion. Tall and gawky as he was in person, with tow-colored hair, and a scanty suit of shabbiest homespun, his appearance excited astonishment or ridicule wherever he went. He had never worn a good suit of clothes in his life. He had a singularly fair, white complexion, a piping, whining voice, and these peculiarities gave the effect of his being wanting in intellect. It was not until people conversed with him that they discovered his worth and intelligence. He had been an ardent reader from his childhood up, and had taken of late years the most intense interest in politics and held very positive opinions, which he defended in conversation with great earnestness and ability.
A second application at Erie procured him employment for a few months in the office of the Erie "Gazette," and he won his way, not only to the respect, but to the affection, of his companions and his employer. That employer was Judge J. M. Sterrett, and from him I heard many curious particulars of Horace Greeley's residence in Erie. As he was only working in the office as a substitute, the return of the absentee deprived him of his place, and he was obliged to seek work elsewhere. His employer said to him one day:β
"Now, Horace, you have a good deal of money coming to you; don't go about the town any longer in that outlandish rig. Let me give you an order on the store. Dress up a little, Horace."
The young man looked down at his clothes as though he had never seen them before, and then said, by way of apology:β
"You see, Mr. Sterrett, my father is on a new place, and I want to help him all I can."
In fact, upon the settlement of his account at the end of his seven months' labor, he had drawn for his personal expenses six dollars only. Of the rest of his wages he retained fifteen dollars for himself, and gave all the rest, amounting to about a hundred and twenty dollars, to his father, who, I am afraid, did not make the very best use of all of it.
With the great sum of fifteen dollars in his pocket, Horace now resolved upon a bold movement. After spending a few days at home, he tied up his spare clothes in a bundle, not very large, and took the shortest road through the woods that led to the Erie Canal. He was going to New York, and he was going cheap!
A walk of sixty miles or so, much of it through the primeval forest, brought him to Buffalo, where he took passage on the Erie Canal, and after various detentions, he reached Albany on a Thursday morning just in time to see the regular steamboat of the day move out into the stream. At ten o'clock on the same morning he embarked on board of a tow-boat, which required nearly twenty-four hours to descend the river, and thus afforded him ample time to enjoy the beauty of its shores.
On the 18th of August, 1831, about sunrise, he set foot in the city of New York, then containing about two hundred thousand inhabitants, one sixth of its present population. He had managed his affairs with such strict economy that his journey of six hundred miles had cost him little more than five dollars, and he had ten left with which to begin life in the metropolis. This sum of money and the knowledge of the printer's trade made up his capital. There was not a person in all New York, so far as he knew, who had ever seen him before.
His appearance, too, was much against him, for although he had a really fine face, a noble forehead, and the most benign expression I ever saw upon a human countenance, yet his clothes and bearing quite spoiled him. His round jacket made him look like a tall boy who had grown too fast for his strength; he stooped a little and walked in a loose-jointed manner. He was very bashful, and totally destitute of the power of pushing his way, or arguing with a man who said "No" to him. He had brought no letters of recommendation, and had no kind of evidence to show that he had even learned his trade.
The first business was, of course, to find an extremely cheap boarding-house, as he had made up his mind only to try New York as an experiment, and, if he did not succeed in finding work, to start homeward while he still had a portion of his money. After walking awhile he went into what looked to him like a low-priced tavern, at the corner of Wall and Broad Streets.
"How much do you charge for board?" he asked the bar-keeper, who was wiping his decanters and putting his bar in trim for the business of the day.
The bar-keeper gave the stranger a look-over and said to him:β
"I guess we're too high for you."
"Well how much do you charge?"
"Six dollars."
"Yes, that's more than I can afford."
He walked on until he descried on the North River, near Washington Market, a boarding-house so very mean and squalid that he was tempted to go in and inquire the price of board there. The price was two dollars and a half a week.
"Ah!" said Horace, "that sounds more like it."
In ten minutes more he was taking his breakfast at the landlord's table. Mr. Greeley gratefully remembered this landlord, who was a friendly Irishman by the name of McGorlick. Breakfast done, the new-comer sallied forth in quest of work, and began by expending nearly half of his capital in improving his wardrobe. It was a wise action. He that goes courting should dress in his best, particularly if he courts so capricious a jade as Fortune.
Then he began the weary round of the printing-offices, seeking for work and finding none, all day long. He would enter an office and ask in his whining note:β
"Do you want a hand?"
"No," was the invariable reply; upon receiving which he left without a word. Mr. Greeley chuckled as he told the reception given him at the office of the "Journal of Commerce," a newspaper he was destined to contend with for many a year in the columns of the "Tribune."
"Do you want a hand?" he said to David Hale, one of the owners of the paper.
Mr. Hale
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