On October 25th, 1806, in a an humble farmer's home, was born a boy; that boy was George Law. For eighteen summers he lived contentedly on his father's farm, but a stray volume, containing a story of a certain farmer boy who left home to seek his fortune, and after years of struggle returned rich, caught his eye, and young Law determined to go and do likewise. His education was meager, but he had mastered Daboll's Arithmetic.
Having decided that he could not follow the occupation of his father, he set at work to raise the amount he deemed necessary to carry him to success. By exercising great frugality in his already simple mode of living, he managed to save forty dollars, and at the age of eighteen he set out on foot for Troy, New York, thirty-six miles distant. Putting up at the cheapest hotel he could find, he immediately went out in search of employment, which he soon found, beginning as a hod-carrier. He next obtained employment as a helper, laying brick and 'picking up points,' soon obtained employment as a mason at $1.75 per day.
But George Law did not mean to always be a day-laborer, he observed everything closely, and books were freely bought that would help him to a better understanding of his business. Seven long years of day-laboring, then he became a sub-contractor, then a contractor. His first efforts in this capacity was building bridges in various parts of Pennsylvania and although it has been said that he could not spell correctly any word in the English language, of three syllables, yet, so carefully were his plans laid that on every contract that he took he cleared money. He put in a bid for three sections of the Croton Aqueduct, and succeeded in obtaining the work on two of them. High Bridge was afterwards awarded to him, among a host of competitors, and was completed in ten years' time from its beginning. These two contracts alone had made him a millionaire, but his active mind could not rest.
He first turned his attention to bank stocks. Next he became interested in the horse railway system of New York city. He bought the Staten Island Ferry, ran it five years, and sold out. He was also much interested in steam ships. Nearly all these ventures proved profitable, and at his death his estate amounted to about $15,000,000. He was a giant in size, being over six feet tall, and his mind compared favorably with his stature. His whole energies were concentrated on money-getting and, of course, he succeeded. It has been said that he walked until he could ride, and lived humbly until his wealth would more than warrant his living on Fifth Avenue. He carried the hod until he found better work, and never left one position until he had found a better one, no matter what his real or supposed provocation might be. He lived to return home, as did the boy of whom he early read, and established his father comfortably on a farm which he had bought for him.
[Darius O. Mills.]
In Westchester county, New York, was born one bright September day, in 1825, Darius O. Mills. True, it is, that his parents were somewhat well-to-do people, but Darius O. Mills would have become a wealthy man had he been born in poverty.
If a man determines to succeed and has a perceptive mind to see opportunities, if he relies on no one but himself, and follows this up by hard, persistent work, he will succeed. If he does not he is lacking in some other vital point, but we have never yet read the life of any man who possessed these qualities but that he was a success. What one has done another can do under the same conditions and circumstances. For some time he was casting about to find his calling, and finally determined to become a banker. In this sphere he has proven himself a phenomenon. His talent for money-making was early apparent, and he was appointed cashier of a bank in Buffalo when only twenty-one. Now it must not be imagined that Darius O. Mills was picked up indiscriminately and placed in so responsible a position. Things do not come by chance. It is evident the case under consideration did not happen through 'good luck.' He was a young man of unusual ability, of which he has always made the most. The bank flourished and at twenty-three he resigned and, taking what money he had, he was soon on his way to California. He did not go there to dig gold. Darius O. Mills knew that gold was the object of nearly every one who went; he also knew that the people must live; he perceived the chance to make a fortune as a merchant. Like any man who will succeed, he acted at once. In 1849 he settled in San Francisco, opening trade with the miners.
In the course of a few years he became immensely rich through very successful trade and, as he was about to retire from active business, the Bank of California was projected. This he materially aided into existence, and as he was recognized as one of the ablest financiers in the city, he was chosen its first President. So well did he manage its affairs that it soon became the leading banking institution in the country, wielding an immense power in the financial world. He remained at its head for nine years when his private fortune had assumed such mammoth proportions that it demanded his immediate attention, he therefore resigned in 1873.
In 1875 his successor, William G. Ralston, was asked to resign and the bank suspended. Mr. Ralston was a splendid man, but had been somewhat unwise in placing the bank's money, and thus the failure was brought about. At a meeting of the directors it was decided to ask for the resignation of the President. Mr. Mills was the person selected to convey the intelligence of the result of the meeting to Mr. Ralston and this he did. Mr. Mills, much against his personal desire, once more assumed the presidency of the bank, and after three years he once more resigned to attend to his private affairs; leaving the bank in a flourishing condition. Possibly no man in America is better capable of handling large sums of money, to bring not only large returns, but to handle the money safely.