Great Fortunes, and How They Were Made. James Dabney McCabe
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The Brazer store was a prominent feature in Groton. It was a place of general resort, and close by was the tavern where the mail coaches stopped. Travelers were constantly passing through the town, bringing the news of those stirring days when Napoleon was rushing over Europe with his armies, overturning old states and building up new ones, and changing the destinies of the world. The domestic politics of the day were exciting, and it is likely that they aided, together with the events in the Old World, in imparting to the character of Mr. Lawrence the earnestness and gravity for which he was noted when a mere lad.
Mr. Brazer had in his employ a number of clerks, but it was not long before the energy and business talent of young Lawrence made him the most trusted of all. Mr. Brazer did not give much personal attention to the store, and when he found that his young clerk was so admirable and reliable a manager, he left the business entirely in his hands. This was a post of unusual responsibility for one so young, but Amos Lawrence accepted it promptly, and labored to discharge its duties faithfully. He at once established the character for probity and fairness which distinguished him through life; his simple assertion was sufficient in any matter, being received with implicit trust by all who knew him. His duties kept him constantly employed, and though he lived within a mile of his father's house, weeks sometimes passed without giving him the opportunity of visiting it.
Drunkenness was at that day the curse of New England. Every body drank, and such fiery fluids as brandy, whisky, rum, and gin were the favorites. Men, women, and children were addicted to the vice, and Groton was no exception to the rule. Mr. Brazer's store was famous for the good liquors served out to its customers, and his clerks were aware that their employer did not object to their helping themselves when they felt thirsty. Amos Lawrence fell into the habit to which all were given, and for some time went along with the rest; but at length he came to the conclusion that such indulgence was wantonly ruining his health, and he resolved to abstain entirely. "We five boys," said he, years afterward, "were in the habit, every forenoon, of making a drink compounded of rum, raisins, sugar, nutmegs, etc., with biscuit—all palatable to eat and drink. After being in the store four weeks, I found myself admonished by my appetite of the approach of the hour for indulgence. Thinking the habit might make trouble if allowed to grow stronger, without further apology to my seniors, I declined partaking with them. My first resolution was to abstain for a week, and, when the week was out, for a month, and then for a year. Finally, I resolved to abstain for the rest of my apprenticeship, which was for five years longer. During that whole period I never drank a spoonful, though I mixed gallons daily for my old master and his customers."
At the same time, Mr. Lawrence determined that he would not use tobacco in any form. He was very fond of the odor of "the weed," and at one period of his life always kept a fine Havana in his drawer that he might enjoy the scent of it; but he was totally free from our disgusting national vice in any of its forms. In this respect, as indeed in all others, he offers a fine example to the rising youth of the present generation.
On the 22d of April, 1807, Mr. Lawrence completed his twenty-first year, and his seven years' apprenticeship with Mr. Brazer came to an end. He was now of an age to enter into business for himself, and it was his intention to open a small store in Groton, in connection with a brother apprentice, but before doing so he decided to visit Boston for the purpose of establishing a credit. He reached the city with but twenty dollars in his pocket, richer, he subsequently declared, in his own estimation, than he ever felt before or afterward. While in the city, he received the offer of a clerkship from a mercantile house of good standing. It was entirely unsolicited, and took him by surprise, but he decided to accept it, and abandoned his idea of going into business for himself in Groton; and this act led to a career entirely different from that to which he had looked forward.
Boston, in 1807, had a population of about thirty thousand, and the commercial position of the city was relatively much greater than at present. The foreign trade of the United States was enormous, and was carried on in American ships, and not, as at present, in foreign vessels. The total tonnage of American shipping engaged in this trade was seven hundred thousand tons, and of this Boston possessed a fair share. Her domestic trade was also important.
"The merchants of Boston had then high places in the estimation of the world. The Perkinses, the Sargeants, the Mays, the Cabots, the Higginsons, and others, were known throughout the world for their integrity, their mercantile skill, and the extent and beneficial character of their operations. These were the golden days of Boston's commerce. … The standard of integrity was high, and though it would be absurd to suppose that there was not the usual amount of evil in the place, it may be assumed that in no part of the world was the young trader more likely to find severer judges of character and conduct, or to be better treated if he should afford unquestionable proofs of capacity and honesty."
It was into this community that Mr. Lawrence now entered, and in which his life was spent. He gave such satisfaction to his employers that, when he had been with them a short time, they astonished him with the offer of a partnership. He was but partially acquainted with their affairs, but their manner of conducting their business did not please him, and he declined their offer. His sagacity was verified by the result. In a few months the firm failed, and the creditors appointed him to settle their affairs, which he did to their satisfaction.
Being now out of employment, he resolved to commence business on his own account in Boston. He had made such a favorable impression upon the merchants of the city that he had no difficulty in obtaining credit. He rented a store in Cornhill, stocked it with dry goods, and began his career as a merchant. Four months after this, his father, who was keenly interested in his son's success, without consulting the latter, mortgaged his farm for one thousand dollars, and, repairing to Boston, placed the money in Amos Lawrence's hands. Mr. Lawrence was profoundly affected by this proof of his father's devotion, but he regretted it none the less, as he knew that his failure would bring ruin to his parent as well as to himself. "I told him," said he, forty years later, "that he did wrong to place himself in a situation to be made unhappy if I lost the money. He told me he guessed I wouldn't lose it, and I gave him my note." Mr. Lawrence made a prompt use of the money, and paid the mortgage at the proper time; but he had a narrow escape from loss, as the bank on which he had bills for the amount of the mortgage failed almost immediately after he had obtained specie for them.
"This incident," he said, "shows how dangerous it is to the independence and comfort of families for parents to take pecuniary responsibilities for their sons in trade, beyond their power of meeting them without embarrassment. Had any Hillsborough bank-notes not been paid as they were, nearly the whole amount would have been lost, and myself and my family might have been ruined. The incident was so striking that I have uniformly discouraged young men who have applied to me for credit, offering their fathers as bondsmen; and by doing so I believe I have saved some respectable families from ruin. My advice, however, has sometimes been rejected with anger. A young man who can not get along without such aid will not be likely to get along with it."
He began his business upon principles of prudence and economy, which he rigidly maintained throughout his whole life. He never allowed himself to anticipate his gains, and having fixed his personal expenses at a certain sum, he never went beyond it. His system, which is thus stated by himself, is offered here as a safe and admirable rule for all persons:
"When I commenced, the embargo had just been laid, and with such restrictions on trade that many were induced to leave it. But I felt great confidence that, by industry, economy, and integrity, I could get a living; and the experiment showed that I was right. Most of the young men who commenced at that