JAMES LACKINGTON,
SECOND-HAND BOOKSELLER.
It would seem not to be so very difficult a matter to buy an article for fifty cents and sell it for seventy-five. Business men know, however, that to live and thrive by buying and selling requires a special gift, which is about as rare as other special gifts by which men conquer the world. In some instances, it is easier to make a thing than to sell it, and it is not often that a man who excels in the making succeeds equally well in the selling. General George P. Morris used to say:—
"I know a dozen men in New York who could make a good paper, but among them all I do not know one who could sell it."
The late Governor Morgan of New York had this talent in a singular degree even as a boy. His uncle sent him to New York, to buy, among other things, two or three hundred bushels of corn. He bought two cargoes, and sold them to advantage in Hartford on his way from the stage office to his uncle's store, and he kept on doing similar things all his life. He knew by a sort of intuition when it was safe to buy twenty thousand bags of coffee, or all the coffee there was for sale in New York, and he was very rarely mistaken; he had a genius for buying and selling.
I have seen car-boys and news-boys who had this gift. There are boys who will go through a train and hardly ever fail to sell a book or two. They improve every chance. If there is a passenger who wants a book, or can be made to think he wants one, the boy will find him out.
Now James Lackington was a boy of that kind. In the preface to the Memoirs which he wrote of his career he described himself as a person "who, a few years since, began business with five pounds, and now sells one hundred thousand volumes annually." But in fact he did not begin business with five pounds, but with nothing at all.
He was the son of a drunken shoemaker who lived in an English country town, and he had no schooling except a few weeks at a dame's school, at twopence a week. He had scarcely learned his letters at that school when his mother was obliged to take him away to help her in tending his little brothers and sisters. He spent most of his childhood in doing that, and, as he remarks, "in running about the streets getting into mischief." When he was ten years old he felt the stirring of an inborn genius for successful traffic.