Scoville, Joseph Alfred, The old merchants of New York City (v. 2)

(New York :  T.R. Knox,  1885.)

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  v. 2: Page 141  



OF JVEW YORK CITY                       141
 

CHAPTER XIV.

John A. Moore after he left Mr. Hendricks, bought
out Troup & Goelet, iron merchants, comer of Old
slip and Water street. They did an enormous business.
The partner was Robert R. Goelet, of whom I have al¬
ready written. John A. Moore was rather an ordinary
looking person, but as smart as a steel trap. His store
— the one above alluded to — was a very large one,
and he added to the old iron business of Troup & Goelet,
copper, sheathing and nails. He had thoroughly learned
that business with old Mr. Hendricks, and he deter¬
mined to make money by it. Mr. Moore was a regular
gambler in merchandize. He had his regular business,
but was not satisfied with that. One day he would
take it into his head that a rise would occur in a par¬
ticular kind of iron. He would go to a large capitalist
and commission house, and by agreeing to pay a cer¬
tain amount of interest and commission, would raise
flOO to 260,000 to buy up all that particular kind of
il-on in the market. Now and then he would make
money by such a bold operation, but it was not strict
" business," and did not add to his mercantile credit.

At another time he would buy up all the coffee in the
market. Sometimes it would be French brandy. Those
who wish to see an interesting account of Mr. Moore
  v. 2: Page 141