The Bay State Monthly — Volume 2, No. 4, January, 1885 by Various
page 22 of 125 (17%)
page 22 of 125 (17%)
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wealth, but he has most conclusively proven that such possession is in
no sense a bar to a faithful and efficient service of his fellow citizens in positions of trust and honor. His rare executive ability has been of good service to the Commonwealth, in whose affairs he has exercised the same good judgment and marked executive ability, as in his own. It is, perhaps, as a financier that Oliver Ames has won his widest reputation. Upon the death of his father the management of the vast enterprises which the later had controlled, suddenly devolved upon him. The greatness of the man showed itself in that he found himself equal to the emergency. The Oakes Ames estate was, at the time he took upon his shoulders its settlement, not only one in which immense and diversified interests were involved, scattered throughout different states of the Union, but it was also burdened with obligations to the extent of eight millions of dollars. The times were most unpropitious, the country being just on the eve of a great financial panic when immense properties were crumbling to pittances. He undertook the Herculean task of rescuing at this time this estate from threatened ruin, and of vindicating the good name of his father from undeserved censure. He had in this gigantic work to meet and thwart the plots of rapacious railroad wreckers, and schemers; but his thorough mental discipline united with his intensely practical business training, and coupled with his native energy, tact, good sense, and fertility of resources, stood him in good stead. He inspired capitalists with confidence, money was forthcoming to further his carefully matured plans, and the ship freighted with the fortunes of his family, was, by his steady hand, piloted securely amidst the shoals and quicksands of disaster, and by rocks strewn with the wrecks of princely fortunes, to a safe anchorage. He rescued the property from peril, met and paid the enormous indebtedness resting upon it, paid a |
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