want, and with letters of introduction which at once secured
him an excellent social position.

After trying in vain for some time to secure employment in a business
house, he obtained a position as assistant in a commercial school. This
he soon resigned for a similar place in a more celebrated school. His
salary here was $300, which was considered ample compensation in those
days.

Not wishing to continue in this career, however, he opened a small
retail dry goods store in New York, and began business on a humble
scale. Here he remained until the age of twenty-one, manifesting no
extraordinary business capacity, and in no way distinguished from the
many small dealers around him. Upon reaching his majority he returned to
Ireland, to look after the inheritance left him by his grandfather. The
amount which thus came to him was nearly one thousand pounds, and the
greater part of this he invested in "insertions" and "scollop
trimmings," which he shipped to America by the vessel in which he
returned. He rented a little store, on his return, at 283 Broadway, and
there displayed his stock, which met with a ready sale at a fair profit.

Without mercantile experience, and possessing little advantage, save his
own Scotch-Irish energy and courage, Mr. Stewart started boldly on what
proved the road to fortune. No young merchant ever worked harder than
he. From fourteen to eighteen hours each day were given to his business.
He was his own book-keeper, salesman, and porter. He could not afford to
employ help. Credit was hard to obtain in those days, and young
merchants were not favorites with those who had such favors to bestow.
Mr. Stewart was one of the least favored, inasmuch as he was almost a
total stranger to the business community in which he lived. He kept a
small stock of goods on hand, which he purchased for cash chiefly at
the auction sales. He was a regular attendant at these sales, and his
purchases were invariably "sample lots"--that is, collections of small
quantities of various articles thrown together in confusion, and sold in
heaps for what they would bring. He had these purchases conveyed to his
store, and after the business of the day was over, he and his wife would
take these "sample lots," and by carefully assorting them, bring order
out of the confusion. Every article was patiently gone over. Gloves were
redressed and smoothed out, laces pressed free from the creases which
careless bidders had twisted into t