But he was now about thirty years old, married, of precarious health and a feeble constitution, without property, and he could not wait till clients came to him. His brother-in-law, James L. Lord
, persuaded him to abandon the law and go into the jobbing and retail dry good business with him, at the corner of Court and Marlborough (now Washington
This was after the declaration of peace with England
Prices were greatly inflated—sure indication of reverses and collapse soon to follow.
The firm had but little money, their notes were rapidly maturing, and something must be done at once.
It was decided that Mr. Pierpont
should go to Baltimore
and open a way for a branch of their business there.
went as its manager, and for a brief time he had remarkable success.
He says, ‘With one clerk I sold more goods, and for cash, than any three or four of the large dealers; and at prices that fairly took my breath away.
, for example, by the case at $2.50, worth not over eighty cents before the war; and assorted broadcloths by the bale at $14.00 a yard, which within a twelve-month would have hung fire at $3.50. I remember selling $14,000.00 worth of goods one day for a clear profit of more than forty per cent., and this while my poor friends in Boston
were gasping for breath in that exhausted receiver; but they were kept alive by the remittances I made from Baltimore
, which not only furnished them with funds for immediate use, but gave them for a few months almost unbounded credit.’
Soon the remittances began to fall off, and weary of the usurers who were lending them money, both Pierpont
went to Baltimore
where their harvest had been reaped.
started a wholesale business and Mr. Pierpont
went to Charleston, S. C.
, to set up a retail establishment.
He took with him an Englishman whose acquaintance he had made in Baltimore
, who it proved had lived from hand to mouth, Mr. Neal
remarks, ‘Until we took him up and he took us in most pitiably. . . After a brief struggle,’ he continues,‘and the ’