A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


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  Part II-Chapter 9 : Merchant Princes  > A. T. Stewart  :    « Previous   1 - 2 - 3 - 4 - 5 - 6  Next »
                                                                                                                                                                        

   Alexander Turney Stewart

Page entitled : A.T. Stewart & Company - Marble Palace to Cast Iron Palace

Content of this page is about :
How Alexander Turney Stewart opened Marble Palace, his first large store and outdid himself with the Cast Iron Palace.


Extract :
...
Alexander T. Stewart bought the property for $65000, then a large sum but a bargain in light of later real estate development. It was on this property, which stood on Broadway between Reade and Chambers streets, that Stewart built his first large scale store in 1847. The massive marble building was so much above the scale of ordinary stores, that people called it “Stewart’s Folly” and expected its owner to be broke before he could even finish construction. But when A. T. Stewart & Co opened its doors in   ...

 

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