, needed for the army had been
monopolized by him. His profits on these transactions amounted to many
millions of dollars, though it should be remarked that his dealings with
the Government were characterized by an unusual degree of liberality.
The gains thus realized by him more than counterbalanced the losses he
sustained by the sudden cessation of his Southern trade.
Fifty years have now passed away since the young school-teacher landed
in New York, and he stands to-day at the head of the mercantile
interests of the New World. In the half-century which has elapsed since
then, he has won a fortune which is variously estimated at from
twenty-five to forty millions of dollars. He has gained all this wealth
fairly, not by trickery and deceit, or even by a questionable honesty,
but by a series of mercantile transactions the minutest of which bears
the impress of his sterling integrity, and by a patience, energy, tact,
and genius of which few men are possessed. Surely, then, it must be a
proud thought to him that he has done all this _himself_, by his own
unaided efforts, and that amid all his wonderful success there does not
rest one single stain upon his good name as a man or a merchant.
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