Old buildings of New York City, with some notes regarding their origin and occupants . hundred thousand dollars a year. Ofcourse, one object ^vas to continue the business and toprevent the deterioration of the plant, but the firm alsoaimed to avoid throwing such a large body of men outof employment, although at times they were placed onhalf pay. 108 Former Besideuce of the Late Peter Cooper Notwithstanding, the firm hecanie wealthy throughventures not relating to the iron business and alsothrough investments connected with it. As an exam-ple it may be mentioned that a large purchase of ironin
Old buildings of New York City, with some notes regarding their origin and occupants . hundred thousand dollars a year. Ofcourse, one object ^vas to continue the business and toprevent the deterioration of the plant, but the firm alsoaimed to avoid throwing such a large body of men outof employment, although at times they were placed onhalf pay. 108 Former Besideuce of the Late Peter Cooper Notwithstanding, the firm hecanie wealthy throughventures not relating to the iron business and alsothrough investments connected with it. As an exam-ple it may be mentioned that a large purchase of ironin 1879-80 resulted in a profit of a million dollars. In1874 ]Mr. Hewitt was elected a representative to Con-gress and served with the exception of one term until1886. In that year he was chosen mayor of Xew Hewitt was extremely honest and was neither a free trader nor a protectionist. Hewas a reformer but not a radical one, and at his deaththe nation, and especially the Democratic Party, losta wise statesman and counselor.* * Xatl. Cyclo. of Amer. Biog. 109.
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