, etc., 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.

It is said that Mr. Stewart regards himself as a "lucky man," rather
than as one who has risen by the force of his own genius. A writer in
the New York _Herald_ relates the following incident, as illustrative of
the superstition which this feeling of "luck" has given rise to with
him: "When he kept his store on Broadway, between Murray and Warren
Streets, there sat on the sidewalk before it, on an orange box, an old
woman, whose ostensible occupation was the selling of apples. This
business was, however, merely a pretense; the main object being beggary.
As years rolled on, Mr. Stewart became impressed with the idea that the
old dame was his guardian angel of good luck, and this impression took
so firm a hold upon his mind that when he removed to Chambers Street,
he, in person, took up the old woman's box, and removed her to the front
of his new establishment. In further illustration of Mr. Stewart's faith
in the Irish traditional belief in 'lucky' and 'unlucky' persons, it may
be mentioned that, after the completion of the St. Nicholas Hotel in
this city, an undertaking in which he was largely interested, and when
the building was just about to be opened for the reception of guests,
the millionaire, standing in the drawing-room,