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 : 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 $1000000 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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