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.

Several times during the year he made journeys on foot through western New York, buying skins from the settlers, farmers, trappers, savages, wherever he could find them.  He tramped over nearly the entire State in this way, and is said to have had a better knowledge of its geography and topography than any man living.

“He used to boast, late in life, when the Erie Canal had called into being a line of thriving towns through the center of the State, that he had himself, in his numberless tramps, designated the sites of those towns, and predicted that one day they would be the centers of business and population.  Particularly he noted the spots where Rochester and Buffalo now stand, one having a harbor on Lake Erie and the other upon Lake Ontario.  He predicted that those places would one day be large and prosperous cities; and that prediction he made when there was scarcely a settlement at Buffalo, and only wigwams on the site of Rochester.”

During these tramps his business in the city was managed by a partner, with whom he was finally compelled to associate himself.

As soon as he had collected a certain number of bales of skins he shipped them to London, and took a steerage passage in the vessel which conveyed them.  He sold his skins in that city at a fine profit, and succeeded in forming business connections which enabled him afterward to ship his goods direct to London, and draw regularly upon the houses to which they were consigned.  He also made an arrangement with the house of Astor & Broadwood, in which his brother was a partner, by which he became the agent in New York for the sale of their musical instruments, a branch of his business which became quite profitable to him.  He is said to have been the first man in New York who kept a regular stock of musical instruments on hand.

Slowly, and by unremitting industry, Mr. Astor succeeded in building up a certain business.  His personal journeys made him acquainted with the trappers, and enabled him to win their good will.  The savages sold their skins to him readily, and he found a steady market and a growing demand for his commodities in the Old World.

It was about this time that he married Miss Sarah Todd, of New York.  She was a connection of the Brevoort family, and was of better social position than her husband.  She entered heartily into his business, doing much of the buying and beating of the furs herself.  She was a true helpmate to him, and long after he was a millionaire, he used to boast of her skill in judging furs and conducting business operations.

In 1794, Jay’s treaty placed the frontier forts in the hands of the Americans, and thus increased the opportunities of our own traders to extend their business.  It was of the greatest service to Mr. Astor.  It enabled him to enlarge the field of his operations, and, at the same time, to send his agents on the long journeys which he formerly made, while he himself remained in New York to direct his business; which by this time had grown to considerable proportions.

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