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:
“It is hard to say which is the greatest fool: he who tells the whole truth, or he who tells no truth at all. Character is as necessary in business as in trade. No man can deceive often in either.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“I am not going to have 2,000 condoms hanging in my window. I don’t care what it represents.”
—Sharon Zuckerbrod, U.S. business executive. As quoted in Newsweek magazine, p. 23 (November 20, 1989)
“Dishonesty in government is the business of every citizen.... It is not enough to do your own job. There’s no particular virtue in that. Democracy isn’t a gift. It’s a responsibility.”
—Dalton Trumbo (1905–1976)