Great Fortunes, and How They Were Made. James Dabney McCabe

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before him, but also how much importance he attached to the conscientious fulfillment of a well-digested plan of operations. He recognized no such thing as luck. Every thing with him was the result of a deliberate plan based upon knowledge. In this respect his career affords one of the best models to be found in our history.

       ASTOR'S FIRST TRIP FOR FURS. ASTOR'S FIRST TRIP FOR FURS.

      Astor's employer was not insensible to his merits, and soon promoted him to a better place. In a little while the latter intrusted him with the buying of the furs from the men who brought them to the store, and he gave such satisfaction to his employer that he was rewarded with a still more confidential post. Montreal was at that time the chief fur depot of the country, and it was the custom of Mr. Bowne to make an annual journey to that city for the purpose of replenishing his stock. The journey was long and fatiguing, and as soon as the old gentleman found that he could intrust the mission to his clerk, he sent him in his place. Ascending the Hudson to Albany, Astor, with a pack on his back, struck out across the country, which was then almost unsettled, to Lake George, up which he passed into Lake Champlain. Sailing to the head of the lake, he made his way to Montreal. Then returning in the same way, he employed Indians to transport his furs from Lake George to Albany, and dropped down the Hudson in the way he had come. Mr. Bowne was delighted with the success of his clerk, who proved more than a match for the shrewd Indians in his bargains. It was doubtless here that Mr. Astor obtained that facility in "driving a hard bargain" for which he was afterwards noted.

      As soon as Mr. Astor felt himself master of his business, he left the employ of Mr. Bowne, and began life on his own account. The field upon which he purposed entering was extensive, but it was one of which he had made a careful survey. Previous to the peace of 1763, the French and English divided the control of the fur-bearing regions of America. The British possessions, extending from Canada to the unexplored regions of the North, had been granted by a charter of Charles II. to Prince Rupert, and were, by virtue of that instrument, under the exclusive control of the Hudson Bay Company. Large quantities of furs were obtained in this region, and collected at the principal settlement, York Factory, from which they were shipped to England.

      South of this region was Canada, then possessed by the French, who carried on an extensive trade with the Indians, who brought their furs down to Montreal in their birch canoes. The French finally settled in the country of the savages, and married among the natives, thenceforward entirely devoting themselves to the life of the trapper and hunter. These marriages produced a race of half-breeds who were especially successful in securing furs. The cession of Canada to England was a severe blow to the French traders, as it opened the country to the enterprise of the English, a few of whom were quick to avail themselves of its advantages. The French and Indians at first regarded them with hostility, but gradually became reconciled to their presence.

      Under the French rule the savages had not been furnished with liquors, but the English soon sold whisky and rum in great quantities to them, receiving the best furs in return. As a consequence, intemperance spread rapidly among the savages, and threatened to put an end to their industry as gatherers of furs. To check the evil results of this irregular trading, a company was established in 1785, called the North-west Company. It was managed by twelve partners, some of whom resided at Montreal, and others at the trading posts in the interior. Their chief station was at Fort William, on Lake Superior. Here, at stated times, the agents would come up from Montreal and hold a consultation for the purchase of furs. These meetings always drew crowds of French and Indian trappers, boatmen, and others, who brought in large quantities of skins.

      A few years later a third company was organized, with its principal station at Michilimackinac, near Lake Huron. It was called the Mackinaw Company, and its field of operations was the country bordering Lake Superior, and that lying between the Mississippi and the Rocky Mountains. The company was English, but did not hesitate to operate in American territory, so little regard did Great Britain pay to the rights of the infant republic.

      "Although peace had been concluded, the frontier forts had not been given up. Oswego, Niagara, Detroit, Michilimackinac, and other posts were still in the hands of the English. The Indian tribes continued hostile, being under English influence. No company had as yet been formed in the United States. Several French houses at St. Louis traded with the Indians, but it was not until 1807 that an association of twelve partners, with a capital of forty thousand dollars, was formed at St. Louis, under the name of the Missouri Company.

      "The trade, it will thus be seen, was almost wholly in the hands of the English companies—the Hudson's Bay Company in the north, the North-west Company in the Canadas, the Mackinaw Company in the territories of the United States—and the few American traders in the field had to rely on their individual resources, with no aid from a Government too feeble in its infancy to do more than establish a few Indian agencies, and without constitutional power to confer charter privileges."

      The voyage of Captain Cook had brought to the notice of the fur dealers of the world the sea otter of the northern Pacific, and the announcement made upon the return of the expedition drew large numbers of adventurers to the west coast of America, in search of the valuable skins of these animals. In 1792, there were twenty-one vessels, principally American, on the coast.

      It was into this field, already occupied by powerful and hostile corporations, that the young German entered. He was perfectly aware of the opposition his efforts would encounter from them, but he was not dismayed. He began business in 1786, in a small store in Water Street, which he furnished with a few toys and notions suited to the tastes of the Indians who had skins to sell. His entire capital consisted of only a few hundred dollars, a portion of which was loaned him by his brother. He had no assistants. He did all his own work. He bought his skins, cured, beat, and sold them himself.

      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

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