Posts Tagged ‘Samuel Coates’

Good Counsel

January 17, 2012

Image from Gallery of Photgraphy

Good Counsel.

To the Editor of the Whig & Courier:

If you think the following scrap may be of service to any of our young men entering into life, you will please to insert it in you useful paper. It was taken from Mr. Sam’l Coates’s counting room over forty years since in Philadelphia. I think the direction good, and worthy to be got by heart by every young man engaged in business.


“In things of moment on thyself depend,
Nor trust too far thy servant or thy friend;
For private views thy friend may promise fair,
And servants very seldom prove sincere.
What can be done with care, perform to-day,
Dangers unthought of may attend delay;
Thy future prospects all precarious are,
And fortune is as fickle as she’s fair.
Nor trivial loss, nor trivial gain despise,
Mole-hills if often heaped to mountains rise;
Weigh every small expense and nothing waste,
Farthings long saved amount to pounds at last.

We return thanks to our venerable friend for the above and for other favors received from him. — Editor.

Bangor Daily Whig and Courier (Bangor, Maine) Jul 31, 1843

Image of Samuel Coates from Penn Medicine – University of Pennsylvania

I couldn’t find  a  biography at Wikipedia or other usual sources. Here is an excerpt from one at the American Philosophical Society.

Background note: Samuel Coates (1748-1830) was a prominent Quaker merchant, who was Treasurer of the Library Company of Philadelphia (1784-1793), Secretary and later President of the Board of Managers of the Pennsylvania Hospital (1786-1825), a member of the Overseers of the Public Schools of Philadelphia. (1812-1823) and a director of the original Bank of the United States (1800-1812). Coates was born in Philadelphia on August 24,1748, the son of Samuel Coates and Mary Langdale. His grandfather Thomas Coates had emigrated to Pennsylvania from Leicestershire, England in 1684. He lost both of his parents at an early age, but was placed under the care of John Reynell, a merchant, who married into the Coates family. Under Reynell’s guardianship Coates received a good classical and business education. In 1767 at the age of nineteen Coates was put in charge of a small commercial business in order to give him practical experience.

Read the rest here.