Stewart finally withdrew from the contest.
There can be no doubt that he would have been the best Secretary that
could have been placed at the head of the Treasury. His great financial
experience and his unquestioned ability were better qualifications than
those possessed by any politician in the land. Perhaps the best proof of
the satisfaction which his appointment produced in the minds of the
thinking men of the country is the manner in which the news affected
the money market. Gold fell as soon as the announcement was made.
Few strangers ever come to New York and depart without visiting
Stewart's famous store at the corner of Tenth Street and Broadway. The
lower, or wholesale store, is far more important to its owner; but it
conducts its operations exclusively with dealers, and in such a quiet
and systematic way that it seems to attract but little attention among
the masses. It is the upper or retail store that is the wonder of the
great city in which it is located.
It is constructed of iron, in the style of arcade upon arcade, and is
lighted by numerous windows. It fronts two hundred feet on Broadway, and
three hundred feet on Ninth and Tenth Streets.
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