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McCabe, James Dabney, 1842-1883

"Great Fortunes, and How They Were Made"

His
pecuniary loss was over a million of dollars, and his disappointment
bitter beyond expression. When the enterprise was on the point of
failure, and while he was still chafing at the conduct of his
treacherous subordinates, he wrote to Mr. Hunt, the most faithful of all
his agents: "Were I on the spot, and, had the management of affairs, I
would defy them all; but as it is, every thing depends on you and your
friends about you. Our enterprise is grand, and deserves success, and I
hope in God it will meet it. _If my object was merely gain of money_, I
should say, think whether it is best to save what we can, and abandon
the place; but the very idea is like a dagger to my heart." When the
news of the final betrayal reached him, he wrote to the same gentleman:
"Had our place and property been fairly captured, I should have
preferred it; I should not feel as if I were disgraced."
Mr. Astor remained in active business for fifty years. During that
entire period he scarcely committed an error of judgment which led to a
loss in business. He was thorough master of every thing pertaining to
his affairs, and his strength and accuracy of judgment was remarkable.


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