- After the American Revolutionary War, he bought large amounts of worthless Continental currency, which regained its value when trade connections resumed.
- He exported warming pans and mittens to the tropics. The locals of the West Indies used the warming pans as ladles for the molasses they produced and Asian merchants exported the mittens to Siberia.
- He sold coal to Newcastle, but managed to defy the idiom because the supply arrived during a coalminer's strike.
- He sold Bibles to the Asian countries of the East Indies.
- He exported stray cats to the Caribbean islands.
- He disposed of a surplus of whalebone by selling it too the makers of corsets.
Tuesday, May 18, 2010
Timothy Dexter
Reader Chase was reminded by my post about the Great Molasses Flood of a wonderful eccentric named Timothy Dexter. I had never heard of him, but he definitely deserves a post of his own! Dexter (1748-1806) was raised in Massachusetts and by the age of 8 was working on a farm instead of going to school. He became an apprentice leather-dresser at 16 and struck out on his own 5 years later. He was successful enough at his trade to afford a large house and attract a rich wife, but his peers thought it funny to give the unschooled man bad business advice in an attempt to discredit him and cause his financial ruin. He proved, however, to be extraordinarily lucky, as some of his successful investments prove:
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Timothy Dexter,
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