After the war, he worked as an agent for the Buckeye Oil Company in Ohio from January to July 1865, purchasing equipment and contracting laborers to work in the oil fields. In October 1865, he and friends paid $30,000 for five thousand acres (20 km²) of cotton-farming land in Georgia. This failed philanthropic adventure left him more than $10,000 in debt. Reluctantly at first, out of desperation, he started on January 1, 1868, as a clerk and later became a junior partner in his father’s business, Lee, Higginson & Co., which at the time was a modest brokerage. His father had been a junior partner until 1858 and worked until his death in 1889 at age 85. This brokerage and banking company eventually became very profitable. Henry Lee Higginson was eventually a senior partner.
In 1913, he offered this assessment of changes in business over the course of his career: "There has been a steady improvement in the management of the Stock Exchange since I came down to the financial district. The methods in use to-day are very much better than they were many years ago. Men dealing with the Exchange are better protected." He allowed that there were still "rascals" and "a good many men who still need watching," but "not so many as there have been in years past."
Read more about this topic: Henry Lee Higginson
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Famous quotes containing the word career:
“Whether lawyer, politician or executive, the American who knows whats good for his career seeks an institutional rather than an individual identity. He becomes the man from NBC or IBM. The institutional imprint furnishes him with pension, meaning, proofs of existence. A man without a company name is a man without a country.”
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“They want to play at being mothers. So let them. Expressing tenderness in their own way will not prevent girls from enjoying a successful career in the future; indeed, the ability to nurture is as valuable a skill in the workplace as the ability to lead.”
—Anne Roiphe (20th century)
“Never hug and kiss your children! Mother love may make your childrens infancy unhappy and prevent them from pursuing a career or getting married! Thats total hogwash, of course. But it shows on extreme example of what state-of-the-art scientific parenting was supposed to be in early twentieth-century America. After all, that was the heyday of efficiency experts, time-and-motion studies, and the like.”
—Lawrence Kutner (20th century)