BUYING OUT A LARGE STOCK OF MERCHANDISE--ON THE ROAD AGAIN--SIX WEEKS IN
EACH TOWN--MUDDY ROADS AND POOR TRADE--CLOSING OUT AT AUCTION--SAVED MY
CREDIT BUT COLLAPSED--PEDDLING POLISH AND JEWELRY--WHOLESALING
JEWELRY--FIFTY DOLLARS AND LOTS OF EXPERIENCE MY STOCK IN TRADE--TALL
“HUS’LING” AND GREAT SUCCESS--AN OFFER FROM A WHOLESALE JEWELRY
FIRM--DECLINED WITH THANKS--HUS’LING AGAIN--GREAT SUCCESS.
Now that I had made considerable money
and had it in cash I determined on doing two things.
The first, was to arrange with some
wholesale jewelry house to furnish me with what stock
I needed, at a small advance above the manufacturers’
price, to travel on the road and supply the retail
trade as I had never given up the idea
of some day becoming a wholesale jeweler.
The second, was to return immediately
to Bronson, Michigan, and Clyde, Ohio, and pay all
of my debts, which had been running a long time.
With the first object in view I set out to find headquarters
for purchasing my jewelry, and succeeded in finding
a dealer who offered me satisfactory prices.
After looking his goods over and coming to an understanding
with him, I informed him that I was going east for
a few days, and on my return would select a stock
of goods and start out.
My wife and I then packed our trunks,
and had bought our tickets ready for a start, when
I happened to pick up a paper and read an advertisement
offering four thousand dollars’ worth of goods
for two thousand dollars. I thought it a good
idea to make a couple of thousand more before starting
east, if I could just as well as not, and called on
the advertiser.
I first demanded to know if the stock
was clear of incumbrance; and when convinced that
it was, I looked it over, and although it looked to
me like ten thousand dollars’ worth, I laughed
at the fellow for having cheek enough to ask two thousand
dollars for it.
He asked how much I thought it was worth.
I offered five hundred dollars.
He offered to take eighteen hundred.
“Well, sir, we are only thirteen
hundred dollars apart, and I’ll split the difference
with you and pay the cash.”
So saying, I “flashed”
my roll of money, when he agreed to my proposition.
After I had made the purchase I asked
the gentleman (who was a German) why he had sold so
cheap. He informed me that his uncle had recently
died in Germany, and left him a large fortune; and
he was anxious to go there and spend the balance of
his life.
His explanation satisfied me, and
I began packing up the goods ready for shipment.
We gave up our trip east, and after
buying nearly two thousand dollars’ worth of
almost all kinds of goods, such as tin-ware, glass-ware,
crockery, woolen goods, etc., to put with the
miscellaneous line I had just bought, we started out
for the country towns with a large stock, and advertised
to sell at private sale only, and to remain but six
weeks in each town. My reason for giving up the
auction sales was this: I had begun to have some
trouble with my throat, and was advised by the doctor
to do no more auctioneering for at least six months.
We continued on with our large stock
of goods and traveled through a section of country
where the mud was so deep during the fall and winter
that it took four horses to haul an empty lumber wagon.
We tried to get into a country where
the farmers could occasionally get to town, but the
farther we traveled the deeper the mud kept getting.
It usually took about all the money I could take in
at one town to pay freights and the expense of moving
to the next.
I had established a very good commercial
standing with several wholesale houses in Chicago
with whom I had been dealing, and felt anxious to make
a success, if for no other reason than to sustain my
credit. This I realized was an important feature
in building up a business of any kind.
After remaining in Illinois and Indiana
till spring, I decided to work my way back into Michigan,
where I felt certain of finding good roads, if nothing
else.
The first day of April found us at
Plainwell, Michigan, with a very light stock of goods
and a small roll of money. After taking a careful
inventory of my stock, and figuring up my liabilities,
I at once saw that if I could sell out and receive
one hundred cents on the dollar at what I had invoiced,
I could just about pay my debts to the wholesale houses,
and I decided to make an auction sale and close out
immediately, and thus save my credit.
By the first of May I had succeeded
in selling out everything I possessed; and after paying
up all of my Chicago debts, had but a few dollars
left.
Of course my first thought was Furniture
Polish. But on the very day when I was about
to order some of the preparation put up, I happened
into the express office, and there saw on the shelf
a package of jewelry addressed to my name.
It was an order I had given before
deciding to close out, and when it came I refused
to take it, instructing the agent to return to the
shipper. He had neglected to do this, and when
I asked him why, he laughed and said he thought best
to hold it awhile and see if I wouldn’t conclude
to take it.
At this simple suggestion it instantly
occurred to me that I could make good use of such
goods by selling to the people about the hotels where
I traveled. I therefore accepted the package,
and after looking it over, which in all amounted to
less than fifty dollars’ worth, I hired a carpenter
to make me a sample case, for which I paid him five
dollars. After arranging my goods nicely in the
trays, we started on the road. I had with me
also two dozen bottles of the “Incomprehensible”
as a sort of stand-by.
We visited several towns where I “hus’led”
out with the polish, meeting with fair success as
usual, and managed to sell a piece of jewelry occasionally,
which netted a fair profit.
At White Cloud, Michigan, I called
at the drug store of A. G. Clark & Co. to make a small
purchase. When in conversation with Mr. Clark
I mentioned that I was in the jewelry business and
would be pleased to show him my goods. He said
he had never handled jewelry in connection with his
drugs, and had no idea it would pay. I persisted,
however, in showing him my line, till he at last consented,
when I hastened to the hotel for my sample case and
returned at once.
When I opened the case, containing
about two dozen empty trays and only three trays of
goods, Mr. Clark looked rather disgusted, and asked
where I hailed from. I reported myself on my
way in, and was closing out my samples and
delivering on the spot.
“Oh, I see; that accounts for your empty trays.”
“Certainly.”
He began picking out a few pieces,
and kept it up till he had selected what he considered
enough for a fair stock, and asked me to make out a
bill.
I did so, and billed it on a piece
of brown paper, calling to mind my jewelry experience
of years before. The amount was twenty-nine dollars,
which he paid and I receipted in full.
If Mr. Clark reads this book it will
no doubt be the first intimation he has ever had that
he was my first customer; and as he is still in business
there, and has a large show-case full of jewelry, which
he takes pride in keeping replenished often, and always
favors me when placing his orders, I take it for granted
that he has never had occasion to regret his first
investment in that line.
I then called on another dealer and
sold eight dollars’ worth.
When I returned to the hotel I made
known my success to my wife, and declared my intention
of sticking to it. She reminded me that I had
always contended that it required large capital; and
wondered how I could expect to succeed with a fifty-dollar
stock then, when I was unable to get along with several
times that amount years before.
I told her I thought she was mistaken
about my stock in trade, and assured her that my present
stock was fifty times larger than when I tried it
before. In considerable astonishment she asked
me what I meant.
“I mean that experience
should be invoiced as stock in trade; and as I have
had lots of it since my first experiment, I am going
to fill up two trays in my sample case with jewelry,
and in each one of the empty trays I’ll put
a card with the word ‘experience’ written
on it; and if a merchant laughs at my goods I’ll
explain that my stock consists of jewelry and experience,
but that I am only selling the jewelry, and keeping
the experience for my own use.”
This plan was carried out; and in
every instance when I called on a merchant and displayed
all of my trays on his counter, he would take the
cards up one after the other, and after reading the
word “experience” on each and every one,
would ask its meaning. I always explained that
I had more experience than capital, and as I valued
it very highly, I considered it perfectly legitimate
to figure it as stock in trade. This generally
brought a smile from them, and as a rule seemed to
work to my benefit. At any rate, I sold jewelry
to almost every dealer I called upon.
As I was then owing my wholesaler
fifty dollars for the first bill, I at once ordered
several small packages sent on ahead of me C.O.D. to
different towns, and as I came to them would take them
up.
This gave me a chance for some “tall
hus’ling,” and I made the most of it.
I began by showing up my jewelry early
in the morning to clerks or porters at the hotel,
and in the evening before retiring, to the hotel girls.
As soon as the stores were opened
I visited every merchant in town, and sold to Jewelers,
Grocers, dealers in Dry Goods and Hardware, Druggists,
Restaurants, Milliners, in short, to every one who
had a show-case.
At noon I would open up in the hotel
office, ostensibly to arrange my jewelry, but for
no other purpose than to attract the attention of
boarders or guests to my stock of goods.
Whenever they asked to buy I would
assume an air of independence and indifference, and
quote the price of every article by the dozen, and
was sure to mention that it was the wholesale price.
Of course almost every one was anxious to buy at wholesale,
and I had no trouble in disposing of goods.
When at the depots awaiting trains
I always got into the good graces of the Telegraph
Operator by convincing him that I could read readily
from his instrument, and usually sold him an article
of jewelry, and often several dollars’ worth.
I might add here that in traveling about the country
it was quite entertaining to listen to every telegraph
instrument, while waiting for trains, and consequently
I kept in fair practice. As I still cling to
that habit, I find little difficulty, even now, in
reading rapidly.
When going from place to place on
the cars, I made it a point to “spot”
my man as soon as I entered the car, and managed to
either get into the same seat with him or one very
near; and before I was fairly settled I would find
it necessary to open my sample case, and if possible
would ask my would-be victim to hold some of the trays
while I arranged a few goods in the bottom of my case.
It was never necessary for me to offer to sell to
them, as they were usually eager to look through my
stock, and very anxious to buy when informed that
I was a wholesaler.
It used to amuse me to come in contact
with the high-salaried drummers, upon whose personal
sales their houses solely depended for success, and
see them spend a large share of their valuable time
in “getting acquainted” with some prominent
merchant prior to inviting him to the hotel to see
their samples, which only for the disgrace of carrying
their cases from store to store they would have had
with them. It was always an easy matter for me
to frustrate this class of salesmen in their schemes
of getting acquainted, as I always had my sample case
ready to spring open at the very first opportunity;
and as I usually managed to get the floor, and almost
invariably did all the talking, the “box,”
as a rule, was opened up to the merchant on short notice;
and although I considered a sale half made when this
was accomplished, I never quit talking or quit pushing
sales, and always hurried my customer through as fast
as possible, and as soon as finished bade him good-bye
and left his store.
Many a good sale I made in this way
while my modest, sleek, forty-dollar-a-month friend
stood by and wondered how long I had been acquainted
with the proprietor.
We traveled through Michigan, visiting
the same towns we had sold auction goods in the year
before; and wherever I traveled, the moment I would
step off the cars I would hear such remarks as these
from men and boys:
“There’s the auction man.
We’ll have a circus to-night; he can talk a
man to death in five minutes. Wonder what he’s
got in that box.”
In about thirty days from the day
I made my first sale of jewelry I arrived at Cheboygan,
Michigan; and upon taking an inventory of stock and
cash, found I had cleared just six hundred and twenty-five
dollars over and above all our expenses.
On calling for my mail at this place
I received a letter from the proprietor of the wholesale
house I had been dealing with, requesting me to come
to Chicago at once, as they had a very important proposition
to make to me. When I returned to the hotel I
met my wife in the hall and said: “Flo.,
I guess G. & S. want to take me in partnership
with them; at any rate they have written me to come
to Chicago, and I think we’d better start at
once.”
We boarded a small steamer for Traverse
City, where we took the steamer “City of Traverse,”
and after about forty-eight hours’ ride arrived
in Chicago, and I immediately called on the firm with
a feeling of almost absolute assurance that thirty
minutes later would find me a member of the concern.
After shaking hands and passing the time of day, one
of the firm called me into his private office and
informed me that they had concluded to put me on the
road at a stipulated salary.
“But I never work on a salary.
It’s against my principles and ideas of business.”
“Yet you would certainly prefer
a sure thing, wouldn’t you, Johnston?”
“No, sir; not a bit of it.
I wouldn’t snap my finger for a sure thing.
There is no fun, excitement or satisfaction in a sure
thing, and worse still, no money in it.”
“Well, you wouldn’t refuse
an extra good offer, would you?”
“Yes, sir, I think I would.”
“Do you mean to say that money wouldn’t
hire you?”
“Oh, no. I don’t say that.”
“Well, now just stop to consider,
Johnston, how many years you have been working for
yourself; and how much are you worth?”
“Indeed, Mr. S., I am worth more than you are,
to-day.”
“How so?”
“Experience.”
“Experience? Do you claim that as capital?”
“Indeed I do, sir, and worth
more than all your store. I have been several
years getting ready to make money, while you have been
making it before you got ready. I have had too
many ups and downs in my early life not to be able
to profit by at least some of them sooner or later;
and I can’t afford now to go to work for you
on a salary, and give you the benefit of all these
years’ experience. Not much, sir, and I’ll
just keep ‘hus’ling.’ If I
can’t win, I can die in the cause.”
“But the probabilities are,
you will never get enough ahead to start a business
of your own, and will always keep in the same old rut.”
“But I am not the ‘rutty’
kind, Mr. S. Besides, I dislike to work for any one
but Johnston.”
“Well, let’s see how much
it will take to hire you for a year.”
“Very well; you mark on a piece
of paper how much you will give, and I’ll mark
how much I’ll take.”
He agreed, and assured me he was going
to make me an extra good offer for a new-beginner.
When we had both put down our figures we threw our
papers on the desk. He had marked six hundred
dollars a year and expenses, and I had put down thousand
dollars and expenses.
I asked, with much astonishment, if
he didn’t mean thousands, and he, with equal
astonishment, asked if I didn’t mean hundreds.
On my assuring him that I meant just
what I had put down, he asked on what basis I figured.
I answered, on the basis of having cleared over six
hundred dollars the first month, on a capital of fifty
dollars’ worth of goods and one million dollars’
worth of experience.
“Great Heavens! have you cleared
that much since you commenced?”
I convinced him by showing my stock
and cash on hand. He said he knew, of course,
that I had been selling a great many goods, but he
supposed I had done so by cutting prices.
I at once made arrangements to start out again.
The firm offered me a limited credit
of one hundred dollars, which I accepted, realizing
that some day I would find it convenient to have some
one to refer to in case I should get in shape to begin
business for myself.
My wife again accompanied me, and
we returned to Northern Michigan and began with excellent
sales. I delivered all my goods on the spot, and
sold exclusively for cash.
We continued on in this manner till
fall, visiting almost every town in Northern Michigan
and Wisconsin, when I had increased my stock to several
hundred dollars, and was making money fast.