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McCabe, James Dabney, 1842-1883

"Great Fortunes, and How They Were Made"

He was utterly devoid of generosity. Liberal to an
extreme with his own family, he was close and hard with others. He paid
small wages to his employes and never gave more than the man bargained
for, no matter what extra service might be rendered. He carried his
economy to a degree of meanness painful to contemplate. At his death,
out of his vast estate, he left to his friend and faithful manager an
annuity of only two hundred dollars, which his son increased to fifteen
hundred.
One of his captains once succeeded in saving for him property in China
to the amount of seven hundred thousand dollars, which had become
jeopardized by the sudden death of the agent in charge of it. This
service was purely voluntary, and was one which required the greatest
skill, determination, and courage on the part of the captain, and Astor
acknowledged it, frequently saying: "If you had not done just as you
did, I should never have seen one dollar of my money; no, not one dollar
of it." This was the only acknowledgment he made, however. He was worth
ten millions of dollars, and the captain had only his pay--twelve
hundred dollars a year--and a family.


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