The Building of A Fortune
In 1869 he joined the coal mining firm Ames & Co. of which he acquired ownership interest in 1873. The newly renamed James W. Ellsworth & Co. enjoyed enormous success with mines operating in Ohio, Pennsylvania, and West Virginia and offices in Chicago, New York City and Pittsburgh.
He served as the president of the Union National Bank of Chicago from 1896 to 1898 during which time he was a signatory of National Bank notes.
Ellsworth owned a number of residences including ones in Chicago, New York City, Hudson, Ohio, Switzerland and Florence, Italy.
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Famous quotes containing the words building and/or fortune:
“Writing a book I have found to be like building a house. A man forms a plan, and collects materials. He thinks he has enough to raise a large and stately edifice; but after he has arranged, compacted and polished, his work turns out to be a very small performance. The authour however like the builder, knows how much labour his work has cost him; and therefore estimates it at a higher rate than other people think it deserves,”
—James Boswell (1740–1795)
“I thank my fortune for it,
My ventures are not in one bottom trusted,
Nor to one place.”
—William Shakespeare (1564–1616)