Some years ago he purchased the old
Ninth-Street Dutch Church and the lots adjacent to it, comprising the
entire block lying between Ninth and Tenth Streets, Broadway and Fourth
Avenue. When he found the retail trade going up town, and deserting its
old haunts below Canal Street, he erected a fine iron building at the
corner of Broadway and Tenth Street, to which he removed the retail
department of his business, continuing his wholesale trade at his old
store on Chambers Street. This new "upper store" has increased with the
business. The building now covers the entire block upon which it is
erected, and is the largest, most complete, and magnificent
establishment of its kind in the world.
Though he took no active part in politics, he was too much interested in
public affairs, by reason of his immense wealth, not to watch them
closely. He was satisfied, some time before our late troubles began,
that war must come, and quietly made contracts with nearly all the
manufacturers for all their productions for a considerable period of
time. Accordingly, when the war did come, it was found that nearly all
the articles of clothing, blankets, etc.
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