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Parton, James, 1822-1891

"Famous Americans of Recent Times"

The great secret of Astor's early, rapid, and uniform
success in business appears to have been, that he acted always upon
the maxim that KNOWLEDGE IS POWER! He labored unceasingly at Mr.
Bowne's to _learn the business_. He put all his soul into the work of
getting a knowledge of furs, fur-bearing animals, fur-dealers,
fur-markets, fur-gathering Indians, fur-abounding countries. In those
days a considerable number of bear skins and beaver skins were brought
directly to Bowne's store by the Indians and countrymen of the
vicinity, who had shot or trapped the animals. These men Astor
questioned; and neglected no other opportunity of procuring the
information he desired. It used to be observed of Astor that he
absolutely loved a fine skin. In later days he would have a superior
fur hung up in his counting-room as other men hang pictures; and this,
apparently, for the mere pleasure of feeling, showing, and admiring
it. He would pass his hand fondly over it, extolling its charms with
an approach to enthusiasm; not, however, forgetting to mention that in
Canton it would bring him in five hundred dollars.


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