Famous Americans of Recent Times

Chapter 42

Chapter 424,138 wordsPublic domain

Astor brought to London, according to our quaint Lutheran, "a pious, true, and godly spirit, a clear understanding, a sound youthful elbow-grease, and the wish to put it to good use." During the two years of his residence in the British metropolis, he strove most assiduously for three objects: 1. To save money; 2. To acquire the English language; 3. To get information respecting America. Much to his relief and gratification, he found the acquisition of the language to be the least of his difficulties. Working in a shop with English mechanics, and having few German friends, he was generally dependent upon the language of the country for the communication of his desires; and he was as much surprised as delighted to find how many points of similarity there were between the two languages. In about six weeks, he used to say, he could make himself understood a little in English, and long before he left London he could speak it fluently. He never learned to write English correctly in his life, nor could he ever speak it without a decided German accent; but he could always express his meaning with simplicity and force, both orally and in writing. Trustworthy information respecting America, in the absence of maps, gazetteers, and books of travel, was more difficult to procure. The ordinary Englishman of that day regarded America with horror or contempt as perverse and rebellious colonies, making a great to-do about a paltry tax, and giving "the best of kings" a world of trouble for nothing. He probably heard little of the thundering eloquence with which Fox, Pitt, Burke, and Sheridan were nightly defending the American cause in the House of Commons, and assailing the infatuation of the Government in prosecuting a hopeless war. As often, however, as our youth met with any one who had been in America, he plied him with questions, and occasionally he heard from his brother in New York. Henry Astor was already established, as a butcher on his own account, wheeling home in a wheelbarrow from Bull's Head his slender purchases of sheep and calves. But the great difficulty of John Jacob in London was the accumulation of money. Having no trade, his wages were necessarily small. Though he rose with the lark, and was at work as early as five in the morning,--though he labored with all his might, and saved every farthing that he could spare,--it was two years before he had saved enough for his purpose. In September, 1783, he possessed a good suit of Sunday clothes, in the English style, and about fifteen English guineas,--the total result of two years of unremitting toil and most pinching economy; and here again charity requires the remark that if Astor the millionaire carried the virtue of economy to an extreme, it was Astor the struggling youth in a strange land who learned the value of money.

In that month of September, 1783, the news reached London that Dr. Franklin and his associates in Paris, after two years of negotiation, had signed the definitive treaty which completed the independence of the United States. Franklin had been in the habit of predicting that as soon as America had become an independent nation, the best blood in Europe, and some of the finest fortunes, would hasten to seek a career or an asylum in the New World. Perhaps he would have hardly recognized the emigration of this poor German youth as part of the fulfilment of his prophecy. Nevertheless, the news of the conclusion of the treaty had no sooner reached England than young Astor, then twenty years old, began to prepare for his departure for the "New Land," and in November he embarked for Baltimore. He paid five of his guineas for a passage in the steerage, which entitled him to sailors' fare of salt beef and biscuit. He invested part of his remaining capital in seven flutes, and carried the rest, about five pounds sterling, in the form of money.

America gave a cold welcome to the young emigrant. The winter of 1783-4 was one of the celebrated severe winters on both sides of the ocean. November gales and December storms wreaked all their fury upon the ship, retarding its progress so long that January arrived before she had reached Chesapeake Bay. Floating ice filled the bay as far as the eye could reach, and a January storm drove the ship among the masses with such force, that she was in danger of being broken to pieces. It was on one of those days of peril and consternation, that young Astor appeared on deck in his best clothes, and on being asked the reason of this strange proceeding, said that if he escaped with life he should save his best clothes, and if he lost it his clothes would be of no further use to him. Tradition further reports that he, a steerage passenger, ventured one day to come upon the quarter-deck, when the captain roughly ordered him forward. Tradition adds that that very captain, twenty years after, commanded a ship owned by the steerage passenger. When the ship was within a day's sail of her port the wind died away, the cold increased, and the next morning beheld the vessel hard and fast in a sea of ice. For two whole months she remained immovable. Provisions gave out. The passengers were only relieved when the ice extended to the shore, and became strong enough to afford communication with other ships and with the coasts of the bay. Some of the passengers made their way to the shore, and travelled by land to their homes; but this resource was not within the means of our young adventurer, and he was obliged to stick to the ship.

Fortune is an obsequious jade, that favors the strong and turns her back upon the weak. This exasperating delay of two months was the means of putting young Astor upon the shortest and easiest road to fortune that the continent of America then afforded to a poor man. Among his fellow-passengers there was one German, with whom he made acquaintance on the voyage, and with whom he continually associated during the detention of the winter. They told each other their past history, their present plans, their future hopes. The stranger informed young Astor that he too had emigrated to America, a few years before, without friends or money; that he had soon managed to get into the business of buying furs of the Indians, and of the boatmen coming to New York from the river settlements; that at length he had embarked all his capital in skins, and had taken them himself to England in a returning transport, where he had sold them to great advantage, and had invested the proceeds in toys and trinkets, with which to continue his trade in the wilderness. He strongly advised Astor to follow his example. He told him the prices of the various skins in America, and the prices they commanded in London. With German friendliness he imparted to him the secrets of the craft: told him where to buy, how to pack, transport, and preserve the skins; the names of the principal dealers in New York, Montreal, and London; and the season of the year when the skins were most abundant. All this was interesting to the young man; but he asked his friend how it was possible to begin such a business without capital. The stranger told him that no great capital was required for a beginning. With a basket of toys, or even of cakes, he said, a man could buy valuable skins on the wharves and in the markets of New York, which could be sold with some profit to New York furriers. But the grand object was to establish a connection with a house in London, where furs brought four or five times their value in America. In short, John Jacob Astor determined to lose no time after reaching New York, in trying his hand at this profitable traffic.

The ice broke up in March. The ship made its way to Baltimore, and the two friends travelled together to New York. The detention in the ice and the journey to New York almost exhausted Astor's purse. He arrived in this city, where now his estate is valued at forty millions, with little more than his seven German flutes, and a long German head full of available knowledge and quiet determination. He went straight to the humble abode of his brother Henry, a kindly, generous, jovial soul, who gave him a truly fraternal welcome, and received with hospitable warmth the companion of his voyage.

Henry Astor's prosperity had been temporarily checked by the evacuation of New York, which had occurred five months before, and which had deprived the tradesmen of the city of their best customers. It was not only the British army that had left the city in November, 1783, but a host of British officials and old Tory families as well; while the new-comers were Whigs, whom seven years of war had impoverished, and young adventurers who had still their career to make. During the Revolution, Henry Astor had speculated occasionally in cattle captured from the farmers of Westchester, which were sold at auction at Bull's Head, and he had advanced from a wheelbarrow to the ownership of a horse. An advertisement informs us that, about the time of his brother's arrival, this horse was stolen, with saddle and bridle, and that the owner offered three guineas reward for the recovery of the property; but that "for the thief, horse, saddle, and bridle, ten guineas would be paid." A month after, we find him becoming a citizen of the United States, and soon he began to share in the returning prosperity of the city.

In the mean time, however, he could do little for his new-found brother. During the first evening of his brother's stay at his house the question was discussed, What should the young man do in his new country? The charms of the fur business were duly portrayed by the friend of the youth, who also expressed his preference for it. It was agreed, at length, that the best plan would be for the young man to seek employment with some one already in the business, in order to learn the modes of proceeding, as well as to acquire a knowledge of the country, The young stranger anxiously inquired how much premium would be demanded by a furrier for teaching the business to a novice, and he was at once astonished and relieved to learn that no such thing was known in America, and that he might expect his board and small wages even from the start. So, the next day, the brothers and their friend proceeded together to the store of Robert Bowne, an aged and benevolent Quaker, long established in the business of buying, curing, and exporting peltries. It chanced that he needed a hand. Pleased with the appearance and demeanor of the young man, he employed him (as tradition reports) at two dollars a week and his board. Astor took up his abode in his master's house, and was soon at work. We can tell the reader with certainty what was the nature of the youth's first day's work in his adopted country; for, in his old age, he was often heard to say that the first thing he did for Mr. Bowne was to beat furs; which, indeed, was his principal employment during the whole of the following summer,--furs requiring to be frequently beaten to keep the moths from destroying them.

Perhaps among our readers there are some who have formed the resolution to get on in the world and become rich. We advise such to observe how young Astor proceeded. We are far from desiring to hold up this able man as a model for the young; yet it must be owned that in the art of prospering in business he has had no equal in America; and in _that_ his example may be useful. Now, observe the secret. It was not plodding merely, though no man ever labored more steadily than he. Mr. Bowne, discovering what a prize he had, raised his wages at the end of the first month. Nor was it _merely_ his strict observance of the rules of temperance and morality, though that is essential to any worthy success. The great secret of Astor's early, rapid, and uniform success in business appears to have been, that he acted always upon the maxim that KNOWLEDGE IS POWER! He labored unceasingly at Mr. Bowne's to _learn the business_. He put all his soul into the work of getting a knowledge of furs, fur-bearing animals, fur-dealers, fur-markets, fur-gathering Indians, fur-abounding countries. In those days a considerable number of bear skins and beaver skins were brought directly to Bowne's store by the Indians and countrymen of the vicinity, who had shot or trapped the animals. These men Astor questioned; and neglected no other opportunity of procuring the information he desired. It used to be observed of Astor that he absolutely loved a fine skin. In later days he would have a superior fur hung up in his counting-room as other men hang pictures; and this, apparently, for the mere pleasure of feeling, showing, and admiring it. He would pass his hand fondly over it, extolling its charms with an approach to enthusiasm; not, however, forgetting to mention that in Canton it would bring him in five hundred dollars. So heartily did he throw himself into his business.

Growing rapidly in the confidence of his employer, he was soon intrusted with more important duties than the beating of furs. He was employed in buying them from the Indians and hunters who brought them to the city. Soon, too, he took the place of his employer in the annual journey to Montreal, then the chief fur mart of the country. With a pack upon his back, he struck into the wilderness above Albany, and walked to Lake George, which he ascended in a canoe, and having thus reached Champlain he embarked again, and sailed to the head of that lake. Returning with his furs, he employed the Indians in transporting them to the Hudson, and brought them to the city in a sloop. He was formed by nature for a life like this. His frame was capable of great endurance, and he had the knack of getting the best of a bargain. The Indian is a great bargainer. The time was gone by when a nail or a little red paint would induce him to part with valuable peltries. It required skill and address on the part of the trader, both in selecting the articles likely to tempt the vanity or the cupidity of the red man, and in conducting the tedious negotiation which usually preceded an exchange of commodities. It was in this kind of traffic, doubtless, that our young German acquired that unconquerable propensity for making hard bargains, which was so marked a feature in his character as a merchant. He could never rise superior to this early-acquired habit. He never knew what it was to exchange places with the opposite party, and survey a transaction from _his_ point of view. He exulted not in compensating liberal service liberally. In all transactions he kept in view the simple object of giving the least and getting the most.

Meanwhile his brother Henry was flourishing. He married the beautiful daughter of a brother butcher, and the young wife, according to the fashion of the time, disdained not to assist her husband even in the slaughter-house as well as in the market-place. Colonel Devoe, in his well-known Market Book, informs us that Henry Astor was exceedingly proud of his pretty wife, often bringing her home presents of gay dresses and ribbons, and speaking of her as "de pink of de Bowery." The butchers of that day complained bitterly of him, because he used to ride out of town fifteen or twenty miles, and buy up the droves of cattle coming to the city, which he would drive in and sell at an advanced price to the less enterprising butchers. He gained a fortune by his business, which would have been thought immense, if the colossal wealth of his brother had not reduced all other estates to comparative insignificance. It was he who bought, for eight hundred dollars, the acre of ground on part of which the old Bowery Theatre now stands.

John Jacob Astor remained not long in the employment of Robert Bowne. It was a peculiarity of the business of a furrier at that day, that, while it admitted of unlimited extension, it could be begun on the smallest scale, with a very insignificant capital. Every farmer's boy in the vicinity of New York had occasionally a skin to sell, and bears abounded in the Catskill Mountains. Indeed the time had not long gone by when beaver skins formed part of the currency of the-city. All Northern and Western New York was still a fur-yielding country. Even Long Island furnished its quota. So that, while the fur business was one that rewarded the enterprise of great and wealthy companies, employing thousands of men and fleets of ships, it afforded an opening to young Astor, who, with the assistance of his brother, could command a capital of only a very few hundred dollars. In a little shop in Water Street, with a back-room, a yard, and a shed, the shop furnished with only a few toys and trinkets, Astor began, business about the year 1786. He had then, as always, the most unbounded confidence in his own abilities. He used to relate that, at this time, a new row of houses in Broadway was the talk of the city from their magnitude and beauty. Passing them one day, he said to himself: "I'll build some time or other a greater house than any of these, and in this very street." He used also to say, in his old age: "The first hundred thousand dollars--that was hard to get; but afterward it was easy to make more."

Having set up for himself, he worked with the quiet, indomitable ardor of a German who sees clearly his way open before him. At first he did everything for himself. He bought, cured, beat, packed, and sold his skins. From dawn till dark, he assiduously labored. At the proper seasons of the year, with his pack on his back, he made short excursions into the country, collecting skins from house to house, gradually extending the area of his travels, till he knew the State of New York as no man of his day knew it. He used to boast, late in life, when the Erie Canal had called into being a line of thriving towns through the centre 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 centres of business and population. Particularly he noted the spots where Rochester and Buffalo now stand, one having a harbor on Lake Erie, the other upon Lake Ontario. Those places, he predicted, 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. At this time he had a partner who usually remained in the city, while the agile and enduring Astor traversed the wilderness.

It was his first voyage to London that established his business on a solid foundation. As soon as he had accumulated a few bales of the skins suited to the European market, he took passage in the steerage of a ship and conveyed them to London. He sold them to great advantage, and established connections with houses to which he could in future consign his furs, and from which he could procure the articles best adapted to the taste of Indians and hunters. But his most important operation in London was to make an arrangement with the firm of Astor & Broadwood, by which he became the New York agent for the sale of their pianos, flutes, and violins. He is believed to have been the first man in New York who kept constantly for sale a supply of musical merchandise, of which the annual sale in New York is now reckoned at five millions of dollars. On his return to New York, he opened a little dingy store in Gold Street, between Fulton and Ann, and swung out a sign to the breeze bearing the words:--FURS AND PIANOS.

There were until recently aged men among us who remembered seeing this sign over the store of Mr. Astor, and in some old houses are preserved ancient pianos, bearing the name of J.J. Astor, as the seller thereof. Violins and flutes, also, are occasionally met with that have his name upon them. In 1790, seven years after his arrival in this city, he was of sufficient importance to appear in the Directory thus:--ASTOR, J.J., Fur Trader, 40 Little Dock Street (now part of Water Street).

In this time of his dawning prosperity, while still inhabiting the small house of which his store was a part, he married. Sarah Todd was the maiden name of his wife. As a connection of the family of Brevoort, she was then considered to be somewhat superior to her husband in point of social rank, and she brought him a fortune, by no means despised by him at that time, of three hundred dollars. She threw herself heartily into her husband's growing business, laboring with her own hands, buying, sorting, and beating the furs. He used to say that she was as good a judge of the value of peltries as himself, and that her opinion in a matter of business was better than that of most merchants.

Of a man like Astor all kinds of stories will be told, some true, some false; some founded upon fact, but exaggerated or distorted. It is said, for example, that when he went into business for himself, he used to go around among the shops and markets with a basket of toys and cakes upon his arm, exchanging those articles for furs. There are certainly old people among us who remember hearing their parents say that they saw him doing this. The story is not improbable, for he had no false pride, and was ready to turn his hand to anything that was honest.

Mr. Astor still traversed the wilderness. The father of the late lamented General Wadsworth used to relate that he met him once in the woods of Western New York in a sad plight. His wagon had broken down in the midst of a swamp. In the _mélee_ all his gold had rolled away through the bottom of the vehicle, and was irrecoverably lost; and Astor was seen emerging from the swamp covered with mud and carrying on his shoulder an axe,--the sole relic of his property. When at length, in 1794, Jay's treaty caused the evacuation of the western forts held by the British, his business so rapidly extended that he was enabled to devolve these laborious journeys upon others, while he remained in New York, controlling a business that now embraced the region of the great lakes, and gave employment to a host of trappers, collectors, and agents. He was soon in a position to purchase a ship, in which his furs were carried to London, and in which he occasionally made a voyage himself. He was still observed to be most assiduous in the pursuit of commercial knowledge. He was never weary of inquiring about the markets of Europe and Asia, the ruling prices and commodities of each, the standing of commercial houses, and all other particulars that could be of use. Hence his directions to his captains and agents were always explicit and minute, and if any enterprise failed to be profitable it could generally be distinctly seen that it was because his orders had not been obeyed. In London, he became most intimately conversant with the operations of the East-India Company and with the China trade. China being the best market in the world for furs, and furnishing commodities which in America had become necessaries of life, he was quick to perceive what an advantage he would have over other merchants by sending his ships to Canton provided with furs as well as dollars. It was about the year 1800 that he sent his first ship to Canton, and he continued to carry on commerce with China for twenty-seven years, sometimes with loss, generally with profit, and occasionally with splendid and bewildering success.