This firm had up to that time shown a decided favoritism for my chief competitor, but this feeling changed in consequence of investments in a mining stock, both by the firm and by its most active individual member, which they had been led into through the influence of my competitor.
The investment proved disastrous, resulting in losses of more than a hundred thousand dollars, and though this sum was insignificant to people of such large wealth, the feeling of bitterness aroused was most acute.
My competitor had for many years as a Boston correspondent the firm of W. B. Tatnall & Company, and through it a large business was done with the Boston dealers; but the most important phase of this connection was the fact that Tatnall controlled the selling of a certain commodity imported in large quantities by a Boston firm, and of which the leading firm in New York was the largest buyer.
Tatnall & Company had severed abruptly its connection with my competitor, and without my solicitation made me a proposition which I promptly accepted. The competing firm immediately established in Boston as its correspondent a brother of the senior partner.
The first battle for supremacy came over the sale of a cargo due to arrive at Boston by a sailing vessel. This was before the days of the telephone, and numerous telegrams passed between us before the transaction was closed.
When the final message confirming the sale reached me, it read as follows: "Closed, contracts coming, competitors conquered, congratulations, cocktails, cigars, careful contemplation."
In a feeling of exuberance Tatnall had written this telegram, and by his closing words meant me to remember that "one swallow does not make a summer," and that over-confidence on the occasion of a first success would be unwise.
Mr. W. B. Tatnall came to New York a few days later. It was our first meeting and I found him a delightful man, a typical Bostonian. He was highly cultured, well up in art, a book-collector of some repute.
I recall one little incident of his visit which amused me greatly.
The weather was very stormy and his salutation on greeting me was,
"Good-morning Mr. Stowe; fine day for birds of an aquatic nature."
We called on all the trade, and in every office he made the same remark. Before the day was over I concluded I was not likely ever to forget that rain makes "a fine day for ducks."