In 1880 he turned his attention toward the East, moving his family to Fifth Avenue, New York city. His large business block, the Mills Building, ten stories high, fitted up for offices containing three hundred in all, is a magnificent structure. His wealth is very great, being estimated at from fifteen to twenty millions of dollars. He has established on the Pacific slope, at a cost of about two hundred thousand dollars, a seminary for young ladies.
He has also presented a beautiful piece of statuary to the State of California. It is a magnificent gift, representing Columbus at the court of Isabella. He has given numerous costly presents to institutions and relatives. Among the shrewd far-sighted men of the country few are more distinguished than is Darius Ogdon Mills.
[Stephen Girard.]
Stephen Girard was born in Bordeaux, France, May 24th, 1750. He lived in an age when avenues of business were utilized by the rich. A poor boy had little chance of being other than a poor man. Not only was the subject of this sketch born to poverty, but he also inherited a deformity which made him the butt of ridicule among his vulgar companions. His childhood was made up of neglect which developed a cold, distant nature. He is generally described as a loveless old man, but his biographers seem to forget the influences that surrounded his childhood. Such were the opportunities enjoyed by Girard; such the chance offered to him, but he held that a man's best capital was "industry," and this seemed to have been his main idea to the last; as he willed but little property to his relatives, and but little to any one individual.
He sailed as cabin boy at the age of twelve, and by following a line of fidelity, industry and temperance, gained the esteem and confidence of the captain who gradually learned to call him "My Stephen," and at his death placed him in command of a small vessel. He became a resident of Philadelphia, and owned a farm a short distance out of the city. When he visited this farm he rode in an old gig drawn by a scrawny horse; when he arrived he fell to work like any common hand, and labored as though his very subsistence depended on it. This is an illustration showing the secret of his success in life. He was familiar with every detail, in every department of his business; no matter what part of his business he went to oversee he was no novice.
With Stephen Girard nothing came by chance. He was a self-taught man, having but little education so far as books go; but in the great school of actual business he received a diploma, and to this was afterwards added several complimentary degrees earned after his graduation. He never ceased to be a progressive man. A large range of stores were for sale in the city of Philadelphia at a great sacrifice; these Girard would have been glad to buy but he lacked sufficient funds; seeing it beyond his means to buy safely, he leased them for a term of years and then sublet them at an immense profit.
How few young men have the necessary enterprise to gain for themselves success. Girard had both enterprise and energy; it is not at all surprising that he succeeded. And this was not all; of whatever he undertook he had thoroughly mastered the details, hence was prepared for success and made money; that money he saved. Ah! that is three-fourths of the secret. Most young men earn enough but foolishly throw it away on unnecessaries.
If Girard owed a man a cent he could rest assured that he would get it; if a man owed him there was much trouble in the way for that man if he attempted to evade the payment. He was just to all men and just to himself and family. There is another feature in the history of Girard that is worthy of imitation; that is he kept abreast, yea, ahead of the times,—he made a study of the various problems of his day.
He saw that the United States Bank was daily growing less popular, and he saw that it must go down in the near future. He had prospered in his shipping business, and seeing here a grand opportunity he began to study up on banking preparatory to taking the bank. Reader, think of this kind of enterprise. His friends might think such a thing visionary; the best financier might pass the opportunity by, but this man knew that the United States Bank had a vast patronage, and he also knew that the man who stepped into its business would have every reason to expect success. He at once set about to buy a controlling interest in the stock. When the bank was discontinued it was found that he had not only secured a controlling interest in the stock, but had gained possession of the bank building itself. While his friends were predicting his ruin he had bought $1,200,000 worth of stock and, by so doing, had stepped into the largest banking business of the Republic.