Great Fortunes, and How They Were Made eBook

This eBook from the Gutenberg Project consists of approximately 694 pages of information about Great Fortunes, and How They Were Made.

Great Fortunes, and How They Were Made eBook

This eBook from the Gutenberg Project consists of approximately 694 pages of information about Great Fortunes, and How They Were Made.

Although the ship sailed in November, it did not reach the Chesapeake until near the end of January, and there, when only one day distant from Baltimore, was caught in the ice, where it was compelled to remain until late in March.  This delay was very vexatious to the young emigrant, but it proved in the end the greatest blessing that could have befallen him.  During the voyage Astor had made the acquaintance of one of his fellow passengers, a German, somewhat older than himself, and, while the ship lay fast in the ice, the two were constantly together.  As a consequence of the intimacy which thus sprung up between them, they exchanged confidences, told each other their history, and their purpose in coming to America.  Astor learned that his friend had emigrated to the New World a few years before, friendless and penniless, but that, beginning in a little way, he had managed to become a fur trader.  He bought his furs from the Indians, and from the boatmen plying on the Hudson River.  These he sold at a small profit to larger dealers, until he had accumulated a considerable sum for one in his position.  Believing that he could find a better market in Europe than in America, he had embarked all his capital in skins, which he had taken to England and sold at a heavy advance.  The proceeds he had invested in toys and trinkets valued by the savages, and was now on his way back with them, intending to go into the wilderness himself and purchase an additional stock of furs from the Indians.  He recommended Astor to enter upon the same business; gave him valuable information as to the value of peltries in America and in England; told him the best way of buying, packing, preserving, and shipping the skins, and gave him the names of the leading furriers in New York, Montreal, and London.  Astor was deeply impressed with the views of his friend, but he could not see his own way clear to such a success, as he had no capital.  His friend assured him that capital was unnecessary if he was willing to begin in an humble way.  He could buy valuable furs on the wharves of New York for toys and trinkets, and even for cakes, from the Indians who visited the city, and these he could sell at an advance to the New York dealers.  He advised the young man, however, not to be satisfied with the American market, but to work for a position which would enable him to send his furs to England, where they would bring four or five times as much as in this country.  Astor carefully treasured up all that his friend said to him, and quietly resolved that he would lose no time in entering upon this business, which seemed to promise so much.

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Great Fortunes, and How They Were Made from Project Gutenberg. Public domain.