January 5th, 2009
Great Fortunes: Alexander T. Stewart Part 2
“His first rule was honesty between seller and buyer. His career is a perfect exemplification of Poor Richard’s maxim: ‘Honesty is the best policy,’ and of the poet’s declaration: ‘Nothing can need a lie,’ His interest consorted with his inclination, his policy with his principles, and the business with [...]
January 5th, 2009
Great Fortunes: Alexander T. Stewart Part 3
The energy, industry, patience, and business tact displayed by Mr. Stewart during these first years of his commercial life brought him their sure reward, and in 1828, just six years after commencing business, he found his little store too small and humble for the large and fashionable trade which [...]
January 5th, 2009
Great Fortunes: Alexander T. Stewart Part 4
He moved into his new store in 1846, and continued to expand and enlarge his business every year. Some years ago he purchased the old Ninth-Street Dutch Church and the lots adjacent to it, comprising the entire block lying between Ninth and Tenth Streets, Broadway and Fourth Avenue. When [...]
January 5th, 2009
Great Fortunes: Alexander T. Stewart Part 5
“A gentleman present, who had heard of Mr. Stewart’s care for the aged apple vendor, remarked, ‘I presume, sir, you do not in reality care about lucky or unlucky persons;’ to which he immediately replied, ‘Indeed, I do. There are persons who are unlucky. I sometimes open a case [...]
January 5th, 2009
Great Fortunes: Alexander T. Stewart Part 6
The greater portion of Mr. Stewart’s immense fortune is invested in real estate. Besides his two stores on Broadway, he owns the Metropolitan Hotel and the New York Theater, also on Broadway; nearly all of Bleecker Street from Broadway to Depauw Row, several churches, a number of buildings, and [...]