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:
“What makes this Generation of Vermin so very Prolifick, is the indefatigable Diligence with which they apply themselves to their Business. A Man does not undergo more watchings and fatigues in a Campaign, than in the Course of a vicious Amour. As it is said of some Men, that they make their Business their Pleasure, these Sons of Darkness may be said to make their Pleasure their Business. They might conquer their corrupt Inclinations with half the Pains they are at in gratifying them.”
—Joseph Addison (1672–1719)
“They that go down to the sea in ships, that do business in great waters, these see the works of the Lord and his wonders in the deep.”
—Bible: Hebrew Psalms, 107:23-4.
“I’m afraid, Mr. Goldwyn, that we shall not ever be able to do business together. You see, you’re an artist, and care only about art, while I’m only a tradesman and care only about money.”
—George Bernard Shaw (1856–1950)