HABITS OF NEW YORK MILLIONAIRES.

New Zealand Herald, Volume V, Issue 1346, 10 March 1868, Page 3

HABITS OF NEW YORK MILLIONAIRES.

I'trc Boston Journal's New York correspondent writes :—■ A. T, .Stewart works probably more than any mechanic or laboring man in the State. His vast business is in his ov/11 hands. He consults nobody as to buying or selling. He has inauy partners, but they are partners in the profits anil not iu tho management of "the business- His system is exacting hut efficient. His men are all timed. If they are late, if they overrun the time allowed for lunch, if tliey sit down during business hours, if they misdirect a bundle, if tbey eat iti the store, they are fined. No person is allowed to take a bundle into the store unless the '' walking gentleman" marks it. No bundle leaves the store without being examined Mr. Stewart is about the first man down in the mornin<*. lie takes an early breakfast, and in a one-horse coupe rides to the store. He indulges in a leisurely dinner at a public liouso at 5 o'clock, then returns to his den and continues his labors until every item of business in the store is finished. Pleasure seekers going home from the theatre often see the twinkle iof Stewart's light in his counting room, showing that the great millionaire is hard at his tasks. But it is his recreation. He finds liis pleasure in work, and asks nothing more. Vanderbilt is a gigantic speculator. Like Frederick the Great, he takes his leisure to mass his troop.3, and in an unexpected moment, throws himself upon his foe, sure of victory. He has the Harlem and Hudson roads. He is aftor the Central and means to control the Eric. He takes his leisure in the morning, and divides it between his breakfast, his cigar and his horses. He spends a great deal of his time iu his stables. lie lias a trotting track iu his yard, so that he does net have far to go to try his favorites. At ten, precisely, he enters his up town olliee. At twelve he rides lip to the Harlem, and then over to the Hudson railroad. The rest of tho day he gives to business and rides. He seldom appears at the Stock Board. He buys through other hands, bccausc he can do it better. Daniel Drew is a very quiet man, of plain simple habits, seldom speaks, and in his down town office would be taken for a rustic farmer or a Xe\v Jersey trader who was not bright enough to sharply invest his money. Clatliu, who is trading so closc on the heels of Stewart, in the dry goods trade, was a small trader in Worcester. He bought goods in very small quantities, and was noted for carrying home his own bundles. Like Stewart he manages his own business. He found his complicated trade wearing upon bim, and like a wise man, as he is, he purchased a little place up the river. He leaves his store at four every afternoon, drives up his own team, and spends the evening in the quiet of his own family. It is the younger class of trailers and speculator s who trade in the night and give themselves no rest on Sunday. They reap their reward in premature decay, sudden failure, or great losses. The line of demarcation between the old style of doing business ami the new stylo is very broad.