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THE

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MERCHANTS' MAGAZINE

AND

COMMERCIAL REVIEW.

AUCIST, 1861.

JAMES GALLATIN,

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(TAPATIN family is renowned on the continent of Europe for it ;ao, for the eminent servicos its members have rendered 1. rvals of hf dating several centuries, and for which they sei and prominent offices, I'. ranch of the family that the subject of our sketch descended from. Some of the patrician order, preferred the free institutions of Swi Perting themselves to the support of the liberal principles wi arent republie has perpetuated with such ai zzeleno oromote the happiness and welfare of the peop

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THE

MERCHANTS' MAGAZINE

AND

COMMERCIAL REVIEW.

AUGUST, 1864.

JAMES GALLATIN.

THE subject of the following sketch cannot be said to be, in the common acceptation of the term, a self-made man. His father was a gentleman of high position and wealth, and the advantages, which JAMES GALLATIN thus secured, many would consider very great. In one sense they were; yet we often think that the success of such a son is more to be honored than any other-these very advantages, as they are called, being in all cases great temptations to extravagance, profligacy, and indolence, which too frequently cannot be resisted. As proof of this, look at the leading commercial men in our city at the present time; how few of them there are that were not taught their first lessons in economy, selfexertion and self dependance by their necessities! Let us remember, then, that it is really no advantage, in the battle of life to be born to wealth and station. To be sure a boy thus situated does not meet with the same kind of difficulties the poorer aspirant meets with, but, yet, he must overcome very many which weak human nature has, in this country especially, found almost insuperable. True success is, with us, alike open to all; but it requires honest, perservering effort, united with a spirit of selfdenial to win the prize.

JAMES GALLATIN was born in the city of New York, December 18th, 1796. His father was ALBERT GALLATIN, the illustrious statesman and economist, and the companion and friend of the immortal heroes and statesmen who founded the republic. The men amongst whom ALBERT GALLATIN moved and associated, both at home and abroad, were the most distinguished that Europe or America has produced.

The GALLATIN family is renowned on the continent of Europe for its antiquity; also, for the eminent services its members have rendered in the higher walks of life during several centuries, and for which they have been rewarded with patents of nobility and prominent offices. The branch of the family that the subject of our sketch descended from, although of the patrician order, preferred the free institutions of Switzerland, devoting themselves to the support of those liberal principles which that ancient republic has perpetuated with such admirable heroism. Efforts to promote the happiness and welfare of the people had more at

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