Business
Corcoran entered business at the age of 17, working in dry goods store owned by two brothers, and opened his own store two years later. Corcoran later established a wholesale auction and commission business. His businesses failed in 1823 during a depression, after which he worked on another family business. In 1828, he took control of large amount of real estate from his father.
In 1837, Corcoran established a brokerage firm on Pennsylvania Avenue at 15th Street. He was very successful and soon entered into a partnership with George Washington Riggs. The firm of Corcoran and Riggs (now PNC Bank) prospered and in 1845, they purchased the United States Bank located on 15th Street at New York Avenue.
Read more about this topic: William Wilson Corcoran
Famous quotes containing the word business:
“In business everyone is out to grab, to fight, to win. Either you are the under or the over dog. It is up to you to be on top.”
—Alice Foote MacDougall (1867–1945)
“I deny the lawfulness of telling a lie to a sick man for fear of alarming him. You have no business with consequences; you are to tell the truth.”
—Samuel Johnson (1709–1784)
“Being good in business is the most fascinating kind of art.... Making money is art and working is art and good business is the best art.”
—Andy Warhol (1928–1987)