{"id":773,"date":"2023-09-10T20:38:15","date_gmt":"2023-09-11T00:38:15","guid":{"rendered":"https:\/\/jerrykuntz.org\/harryhill\/?p=773"},"modified":"2023-09-10T20:38:19","modified_gmt":"2023-09-11T00:38:19","slug":"jacob-barker-thrived-on-misfortune-published-may-21-1882","status":"publish","type":"post","link":"https:\/\/jerrykuntz.org\/harryhill\/jacob-barker-thrived-on-misfortune-published-may-21-1882\/","title":{"rendered":"Jacob Barker Thrived On Misfortune [published May 21, 1882]"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

      People talk about the late Commodore Vanderbilt as if he were a regular hero of finance, but there was a man who figured in New York before Vanderbilt’s time who was as big a man every way, for his times, as was Cornelius V. I mean Jacob Barker. Old Jacob was very smart, very shrewd and very manly. There was nothin\u2019 of the hypocrite or sneak about him. He had his faults and plenty of \u2018em, but with all his faults he was a man.<\/p>\n\n\n\n

      The story of Jacob Barker’s career is one of the most interesting on record. Jacob was a cousin of a man still more remarkable than himself, Benjamin Franklin, and was very proud of the relationship. Barker looked a good deal like Franklin, too, about the face.<\/p>\n\n\n\n

      It was said of Barker that he was a man before he was a boy, and it was true\u2013at least he was actin\u2019 and workin\u2019 like a man all through his boyhood. He had made and saved $5,000 before he became of age, and $5,000 then counted as $50,000 now.<\/p>\n\n\n\n

      Some of his boyish wrestles with trade are quite interestin\u2019 and curious. It seems he had saved money enough to buy a gold watch, and then a chance was presented him for a little \u201cspec\u201d in ship\u2019s bread and provisions. Although credit was offered him he wouldn’t run into debt; but taking his pet gold watch out of his pocket, he swapped it for a lot of bread. He sold this bread at a big profit to Tom Knox, a shippin\u2019 merchant on Wall street, and got a head of John Hyslop, the famous baker, and realized enough out of his shop bread spec altogether to get back his gold watch and make a cool $100 profit beside, which was very good for a lad of seventeen.<\/p>\n\n\n\n

      Once he had saved enough money to buy a horse, which he used not for show but for travelin\u2019 on business. One mornin\u2019 he had a chance to get some sperm oil cheap. He hadn\u2019t  any money with him, but he swapped his horse for oil and walked back, goin\u2019 over thirty miles on foot. He more than doubled his money on the oil.<\/p>\n\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0 A chap who can turn watches into bread, and horses into oil, and turn the oil and the bread into gold again, was bound to get along in this world.<\/p>\n\n\n\n

\"\"
Jacob Barker<\/figcaption><\/figure>\n\n\n\n

      Before he was nineteen years old he had an interest in a tradin\u2019 vessel. One afternoon he stopped and saw about gettin\u2019 his vessel and her cargo insured. An arrangement was made about the insurance, promises passed on both sides, only no papers were drawn up then, that part of the transaction bein\u2019 put off till the next mornin\u2019.<\/p>\n\n\n\n

      Late at night Jacob Barker received news from a private source that the tradin\u2019 vessel was lost. And now in this particular state of affairs Jacob showed the peculiar kind of stuff he was made of.<\/p>\n\n\n\n

      He did not on the one hand do as they would in Sunday-school books, and in Sunday-school books only. He didn’t go the next morning as fast as he could and tell the insurance man that he wouldn’t need those insurance papers because his ship was lost.<\/p>\n\n\n\n

      Nor did he do, as a great many would have done, insist upon gettin\u2019 the insurance papers all drawn up and in his possession, keepin\u2019 quiet about the loss of the vessel, and rakin\u2019 in the insurance money at last.<\/p>\n\n\n\n

      Jacob Barker went right between those two extreme courses. He didn’t tell the insurance man his ship was lost\u2013he would have thought that actin\u2019 like a fool. Nor did he send it once and get his papers\u2013he would have thought that actin\u2019 like a rogue. He simply said nothin\u2019 or did nothin\u2019 one way or the other, givin\u2019 the insurance man a chance to find out about the ship if he could, or to back out of his promise to insure it, if he wanted to.<\/p>\n\n\n\n

      It was Jacob’s luck that the insurance man felt like keepin\u2019 his promise. He sent to Jacob’s place the next day and gave him the papers. When the loss of the ship was at last publicly reported Jacob got his insurance money.<\/p>\n\n\n\n

      But the transaction didn’t end here. After Jacob took all his insurance money, he always stuck in all his business transactions afterwards to this insurance man and sent him lots of profitable business from other parties. Altogether the insurance man made up out of Barker in the long run of time what he had lost on that first ship.<\/p>\n\n\n\n

      One of the first things Barker did when he became of age was to marry. And, like a man, he married a woman for love, and not for money. His wife had been one of his early schoolmates, and they had always liked each other.<\/p>\n\n\n\n

      While at his weddin\u2019 breakfast a great misfortune happened to him\u2013a piece of downright ill luck.<\/p>\n\n\n\n

      He received a note while entertainin\u2019 a few intimate friends, just after the weddin\u2019 ceremony, informin\u2019 him that he was a ruined man financially.<\/p>\n\n\n\n

      He had, in one of his human and foolish moments, endorsed for a friend named Henry Deaves. This Deaves had \u201cbusted\u201d and the note informed Barker that he would be held responsible for $5,000\u2013about all he was worth in the world. Pleasant news to get at table with a bloomin\u2019 bride of an hour sittin\u2019 beside you.<\/p>\n\n\n\n

      But Jacob was a \u201cbrick\u201d and read the note through as if it had contained the most ordinary and unimportant news. Then he smiled at his newly-made wife, said somethin\u2019 pleasant, and put the note in his pocket.<\/p>\n\n\n\n

      Just then, in comes Henry Deave,s the man for whom Jacob had been ruined. Deaves was a friend of Jacob’s wife, who rose kindly to receive him. Jacob was mad at Deaves, of course, but he was too much of a gentleman to show his anger before a room full of company and before his wife. So he shook hands with Deaves, took a glass of wine with him, cracked some jokes, and then showed him the note.<\/p>\n\n\n\n

      A man with a nerve like that was bound to get along. He paid all he had out on this Deaves\u2019 account, and then goin\u2019 into business on his own book made up his losses and came out way ahead. There are some men whom nobody or nothin\u2019 can put down, and Jacob Barker was one of \u2018em.<\/p>\n\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0 Years afterwards, when he had gone into politics heartily, he had a fight with the old Evening Post<\/em>. Coleman was the editor of the Post<\/em> then, and was a man who didn’t hesitate at fightin\u2019 with pistols as well as with pens. He called Barker all sorts of names one day in an article, and then Barker, who controlled the then Daily Advertiser,<\/em> had a reply to this article set up in the Advertiser<\/em> office, the reply bein\u2019 worse on Coleman than the original attack had been on Barker.<\/p>\n\n\n\n

\"\"
William Coleman<\/figcaption><\/figure>\n\n\n\n

      The \u201creply\u201d bein\u2019 set up, Barker sent a proof of it by a messenger to Coleman, tellin\u2019 Coleman that if he didn’t retract and take back his article against Barker in the Post,<\/em> the reply would come out in the Advertiser<\/em>.<\/p>\n\n\n\n

      Coleman was mad and sent word back to Barker that if that \u201creply\u201d ever saw a light in the Advertiser<\/em> Barker would have to hold a short interview with Coleman over at Hoboken, on the duelin\u2019 ground.<\/p>\n\n\n\n

      Barker read Coleman’s note and told the man who brought it to tell Mr. Coleman that the reply would appear in the Advertiser<\/em> the next day, and that he, Barker, would grant Coleman the interview he hinted at, the day after.<\/p>\n\n\n\n

      Coleman, bein\u2019 a brave man himself, liked pluck in others, and was so much struck with Barker\u2019s quiet determination in this matter, that a further correspondence passed between the two parties, windin\u2019 up by Coleman publishin\u2019 on his part a retraction and by Barker becomin\u2019 ever afterwards a warm friend of Coleman.<\/p>\n\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0 Barker was, like Vanderbilt, a good fighter, and he got into a row about financial matters with Robert Lennox, the famous New York merchant. This Lennox-Barker quarrel was a very long, hard and bitter one, lastin\u2019 for years, and involvin\u2019 many prominent people in it. But in the end Barker came out of it first best.<\/p>\n\n\n\n

\"\"
Robert Lennox<\/figcaption><\/figure>\n\n\n\n

      Like Vanderbilt, too, Barker was in his own way, a patriot. During the second war with England he is said to have loaned the U. S. Government nearly a quarter of a million of his own money, besides interestin\u2019 men like Rathbone, Post, Newland, Minturn, Astor, Mumford and Coster, in Government loans.<\/p>\n\n\n\n

      Among the most important events in the New York career of this really extraordinary man were what are still remembered as \u201cthe conspiracy trials,\u201d in which Jacob Barker was accused of conspiracy to defraud.<\/p>\n\n\n\n

      These trials caused a great stir all over the country, and were, while they lasted, the great sensation of New York. There were several of those trials and durin\u2019 them Barker pleaded his own cause, and did so better than most lawyers could have done it for him. In fact, Barker would have been as great a lawyer as he was a speculator, if he had chosen so. The stuff was in him.<\/p>\n\n\n\n

     Barker wasn’t the man to let others abuse him calmly, and once when at a bank meeting, one of the Directors named Rogers called him names. Barker sent Rogers an invitation to meet him over the river at the duelin\u2019 grounds at Hoboken. But Rogers didn’t accept the polite invite, but instead got a warrant against Barker for his arrest, for sendin\u2019 a hostile challenge, which was against the State law.<\/p>\n\n\n\n

      Barker was tried and found guilty. He made a speech to the jury, but it didn’t change their views. He was sentenced to a fine and to loss of citizenship. He paid the fine without any fuss, but he grieved a good deal over the loss of his citizenship. Finally Governor Clinton was induced to \u201clet up\u201d on Jacob, who received his citizenship back with great delight, and never had anythin\u2019 more to do with sendin\u2019 challenges.<\/p>\n\n\n\n

      At one time Barker ran the Exchange Bank as his own private bank, and it \u201cbusted,\u201d leaving many of its depositors in a bad way. But they were ultimately paid, and the entire circulation of the bank redeemed.<\/p>\n\n\n\n

      Barker was a man of brain and brass\u2013as smart as Jim Fisk, and less flighty and more honest. But with all his energy and character he was obliged to leave New York at last \u201cunder a cloud.\u201d<\/p>\n\n\n\n

      But here is perhaps just where the greatest part of his life begins. He lost no time in grievin\u2019. He went right down to New Orleans, settled there, commenced his career all over again, and made another fortune after fifty years of age.<\/p>\n\n\n\n

      After makin\u2019 and losin\u2019 money in New York for fifty years, he started afresh, and made and kept money in New Orleans for thirty years.<\/p>\n\n\n\n

      That’s the kind of a man Jacob Barker was.<\/p>\n","protected":false},"excerpt":{"rendered":"

      People talk about the late Commodore Vanderbilt as if<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[91,25,49],"tags":[],"class_list":["post-773","post","type-post","status-publish","format-standard","hentry","category-lawyers","category-newspapers","category-stock-market"],"yoast_head":"\nJacob Barker Thrived On Misfortune [published May 21, 1882] - Harry Hill's Gotham<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jerrykuntz.org\/harryhill\/jacob-barker-thrived-on-misfortune-published-may-21-1882\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jacob Barker Thrived On Misfortune [published May 21, 1882] - 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