Early Life and Career
His parents were Jacob B. Taylor and Martha (Brant) Taylor. His father was a close associate of John Jacob Astor and acted as his agent by purchasing New York real estate while concealing Astor's interest. Astor's relationship with the Taylor family provided Moses with an early advantage.
Moses began his career at age 15 at J. D. Brown shippers, but soon moved to a clerk's position in the firm of G. G. & S. Howland Company of New York, a shipping and import firm that traded with South America. By 1832, at age 26, Moses had sufficient wealth to marry, leave the Howland company, and start his own business as a sugar broker. As a sugar broker, Moses dealt with Cuban sugar growers, found buyers for their product, exchanged currency, and advised and assisted them with their investments. Although he never visited Cuba, Taylor's friendship with Henry Augustus Coit, a prominent trader who was fluent in Spanish, allowed him to trade with the Cuban growers. Taylor soon discovered that loans and investments provided returns that were as good as, or better than, those from the sugar business. By the 1840s his income was largely from interest and investments. By 1847, Moses Taylor was listed as one of New York City's 25 millionaires.
Read more about this topic: Moses Taylor
Famous quotes containing the words early life, early, life and/or career:
“... business training in early life should not be regarded solely as insurance against destitution in the case of an emergency. For from business experience women can gain, too, knowledge of the world and of human beings, which should be of immeasurable value to their marriage careers. Self-discipline, co-operation, adaptability, efficiency, economic management,—if she learns these in her business life she is liable for many less heartbreaks and disappointments in her married life.”
—Hortense Odlum (1892–?)
“Even today . . . experts, usually male, tell women how to be mothers and warn them that they should not have children if they have any intention of leaving their side in their early years. . . . Children don’t need parents’ full-time attendance or attention at any stage of their development. Many people will help take care of their needs, depending on who their parents are and how they chose to fulfill their roles.”
—Stella Chess (20th century)
“His life was gentle, and the elements
So mixed in him that nature might stand up
And say to all the world “This was a man.””
—William Shakespeare (1564–1616)
“A black boxer’s career is the perfect metaphor for the career of a black male. Every day is like being in the gym, sparring with impersonal opponents as one faces the rudeness and hostility that a black male must confront in the United States, where he is the object of both fear and fascination.”
—Ishmael Reed (b. 1938)