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Alexander Turney Stewart
Page entitled : Decline
and sale of A.T. Stewart & Co to John Wanamaker
Content of this page is about :
How A. T. Stewart & Company declined under the management of Stewart's
partners and his executor and about its sale to John Wanamaker.
Extract :
... he transferred his share in A. T. Stewart & Company for the modest sum of $1’000’000 to his former
partners, the old merchant meant to assure the survival and long term prosperity of his most important
enterprise, as he was well aware that neither his widow, nor her designated
heirs, would be able to manage such a great concern. Unfortunately his judgment was wrong and the great retail store failed
...
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