BORROWING MONEY FROM MR. KEEFER--BUYING AND SELLING SHEEP PELTS--HOW I
SUCCEEDED--A CO-PARTNERSHIP IN THE RESTAURANT BUSINESS--BUYING OUT MY
PARTNER--COLLAPSED--MORE HELP FROM MR. KEEFER--HORSES AND PATENT RIGHTS.
I hardly complied with my mother’s
five o’clock order. When I did arise I
sought Mr. Keefer, to whom I told the story of my misfortunes.
He listened attentively and said he could easily see
that it was bad luck, and he believed I would yet
be successful. I explained to him that if he
would lend me fifteen dollars, I could engage in buying
sheep pelts, which could neither drown, suffocate
nor break.
He complied with my request, and I
started out that morning with only my own horse hitched
to a light wagon.
Rollin, having finished his visit,
left for home the same day.
I bought several pelts during the
day, and sold them to a dealer before returning home,
making a profit of three dollars.
This was the first success I had met
with during my three weeks’ experience, and
was certainly very encouraging. I continued in
the business until cold weather, when I had cleared
one hundred dollars.
I then began looking about for a chance
to invest what I had made, as the weather was too
cold to continue traveling in the country.
I was not long in finding an opportunity
to invest with an old school mate in a restaurant.
It took about sixty days to learn
that the business would not support two persons.
As he was unable to buy me out, I made him an offer
of my horse for his share, I to assume all liabilities
of the firm, which amounted to about one hundred dollars.
He accepted my proposition. I
sold the remainder of my flock of sheep, and paid
the debts. I kept on with the business, meeting
with splendid success in selling cigars and confectionery
and feeding any number of my acquaintances, for which
I received promises to pay, and which up to the present
writing have never been collected.
When spring came, my liabilities were
two hundred and fifty dollars, and no stock in trade.
My available assets were a lot of marred and broken
furniture which I peddled out in pieces, receiving
in cash about one hundred dollars which I applied
on my debts.
I called on Mr. Keefer with a full
explanation of “just how it all happened,”
and he said he could see how it occurred, and without
hesitation endorsed a note with me to raise the balance
of my indebtedness.
Now I began looking for something else to engage in.
It was the wrong time of year for
buying sheep pelts. My funds exhausted and in
debt besides, I felt anxious to strike something very
soon.
My mother still insisted that I should
learn a trade or get steady employment somewhere.
I told her there was nothing in it. She claimed
there was a living in it, which I admitted, but declared
if I kept “hustling” I would accomplish
that much anyhow.
She gave me to distinctly understand
that Mr. Keefer would sign no more notes nor loan
me a dollar in money thereafter. Mr. Keefer held
a note of fifty dollars against a man, not yet due,
which he handed to me that same morning, saying if
I could use it I could have it.
A young in our village had just patented
an invention for closing gates and doors. He
offered me the right for the State of Illinois for
this note, which I readily accepted.
In a few days I traded my right in
this patent for six counties in Michigan and Indiana
in a patent pruning shears, an old buck sheep, a knitting
machine, an old dulcimer, a shot-gun and a watch.
I traded all of the truck except the
watch, for an old gray mare. Then commenced a
business of trading horses and watches.
In this I was quite successful during
the summer and fall. I had paid my board and
clothed myself comfortably, and was the owner of a
horse which I had refused a large sum for, besides
an elegant watch which I valued highly.
My mother said it was a regular starved-to-death
business.
Mr. Keefer said he knew I would make it win.