The Atlantic Monthly, Volume 18, No. 110, December, 1866 - A Magazine of Literature, Science, Art, and Politics by Various
page 24 of 279 (08%)
page 24 of 279 (08%)
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above the exchange, I went into the wholesale business, and with one
clerk, Mr. Jenkins Howland, greatly distinguished in after life as a man of enterprise at Charleston, S.C., sold more goods, and for cash too, than perhaps any three or four of what were called the large dealers about me, with two or three clerks apiece, and at prices which fairly took away my breath at first;--Irish linens, for example, by the case at two dollars and fifty cents all round, worth not over eighty cents before the war; and assorted broadcloths by the bale at fourteen dollars a yard all round, which, within a twelvemonth, would have hung fire at three dollars and fifty cents. And this, it will be remembered, was after goods had been falling--falling--falling--for six months. No wonder people's heads were turned--those of Pierpont and Lord among the rest. We, who had large stocks on hand, were growing rich too fast. I remember selling fourteen thousand dollars' worth of goods one day for a clear profit of more than forty per cent, and this while my poor friends at Boston were gasping for breath in that exhausted receiver; but they were kept alive by the remittances I made from Baltimore, which not only furnished them with funds for immediate use, but gave them for a few months almost unbounded credit. This was in the fall and winter of 1815, only a few months after the Bramble arrived with the news from Ghent that our last negotiations had been successful, and that the war was over most gloriously for _us_, the United States. We were almost ready, in our thankfulness and joy, to canonize the ship and crew, and cut her up into snuffboxes and toothpicks. And now--what next? "as the tadpole said, when he his tail dropped off." Weary of the growing distrust they saw, after my remittances began to |
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