STEWART, Alexander Turney, merchant, born in Lisburn, near Belfast, Ireland, 12 October, 1803; died in New York, 10 April, 1876. Three weeks after his birth, Stewart’s farmer father died of tuberculosis. Stewart first went into the lace business: in New York City … Ralph Merle Hower, History of Macy's of New York, 1858-1919:Chapters in the Evolution of the Department Store (1943), presents material on the history of retailing, as does John W. Ferry, A History of the Department Store (1960). Alexander Turney Stewart – the genius who invented mail order sales Irishman Alexander Turney Stewart was a retail pioneer who went on to revolutionise shopping in America and across the world, becoming fabulously rich in the process. Alexander Turney Stewart used the funds to open a small dry goods store in New York City. About two years later Stewart’s mother remarried and followed her new husband to America, leaving Stewart behind to be raised by his grandfather, John Torney. Stewart, Alexander Turney, a wealthy New York merchant and capitalist, was born near Lisburn, 12th October 1803. In 1878 his body was stolen from its resting place here at St. Mark's and held for $20,000 ransom. Alexander Turney Stewart. Alexander Turney Stewart was born in Lisburn, Ireland to Scottish Protestant parents on October 12, 1803. Further Reading on Alexander Turney Stewart. STEWART, ALEXANDER TURNEY (1803–1876), American merchant, was born, of Scotch descent, at Lisburn, near Belfast, Ireland, on the 12th of October 1803. Born in northern Ireland, he emigrated to the United States c. 1820 but returned home briefly to claim an inheritance. When faced with a financial difficulty he marked all his stock down, put flyers up all over and became famous for selling top quality goods at a wholesale price to all. The widely known business genius purchased 10,000 acres of Hempstead Plains on Long Island. Alexander Turney Stewart During 1869, New York City merchant millionaire Alexander Turney Stewart set out to create a place that embodied his ideals, his wisdom and his wealth. Alexander Turney Stewart and the Development of the Department Store, 1823-1876 - Volume 39 Issue 3 - Harry E. Resseguie The death of his grandfather interrupted his studies at Trinity College. A.T. Stewart was worth up to $50 million when he died in his four-story white marble mansion on the southwest corner of 5th Ave. and 34th St. on April 10, 1876. The first discount store was born. Original burial site of celebrated 19th Century entrepreneur Alexander T. Stewart, whose dry goods empire made him the third wealthiest man in America at the time of his death. New York's ghouls, however, were more successful: they snatched the body of America's third-richest man, Alexander Turney Stewart. He was the descendant of a Scotch emigrant to the north of Ireland and the only son of a farmer, who (lied when he was a school-boy. He lost both parents before he was many days old, and was placed under the guardianship of Thomas Lamb, a member of the Society of Friends. Also useful is Philip S. Foner, Business and Slavery (1941). Alexander Turney Stewart (1803-1876) was a capitalist, philanthropist and merchant. In 1876, he became worried about what would happen to his remains after he died, after the corpse of a fellow retail entrepreneur, Alexander Turney Stewart, was dug up and held for a $250,000 ransom.
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