On October 23, 1929, the day of the first big stock-market crash,
Richard Jaeckel, the furrier, had such a day as he never had
before and as he never hopes to have again. There were
various—to Mr. Jaeckel—interesting transactions. One
customer, a stockbroker, bought a Russian sable coat for
fifty-five thousand dollars. Somebody else, more saving,
bought a chinchilla for thirty-eight thousand. In that one
day, various gentlemen said it with furs to the tune of one
hundred and two thousand dollars. Several financiers, high
in the banking fraternity, who dropped in at Mr. Jaeckel's
shop at Fifth Avenue and Forty-fifth Street the night before
that fateful Wednesday, to roam conversationally in the twin
realms of business and diversion, were optimistic. The
present boom was nothing. Things would go higher than a
kite: as Mr. Jolson would put it, Mr. Jaeckel hadn't seen
nothing yet. Since then bankers have fallen somewhat into
disrepute, but at that time Mr. Jaeckel shared the average
American's religious faith in their dicta. Once he heard the
word, Mr. Jaeckel went forth to do. On the basis of the
bankers' optimism, he invested forthwith a quarter of a
million dollars in sables alone. And, he says grimly, "I've
still got 'em!"
You can't tell Mr. Jaeckel about the depression. He will tell
you. On the Thursday after the fatal Wednesday, business for
the day dwindled from one hundred and two thousand dollars
to eight hundred. At the present moment the gross income of
Jaeckel's is a fraction of what it was in the boom year.
Chinchilla coats, the rarest and most costly of coverings,
sold in the platinum era for prices up to sixty thousand
dollars, have since come back in dozens for resale. More
chinchilla coats have been turned in to Mr. Jaeckel for
resale in the past year than have been sold in the entire
trade for the past ten years. A partial list of the
owners—one famous actress has three—is a touching roster of
vanished or dimming glory: those celebrities most extinct of
all, the celebrities of the near-past. Of a forgotten
luminary who, in my boyhood, was the symbol of voluptuary
splendor, before whose hotel in Worcester, Massachusetts, I
stopped on the way to the theatre with the bated thought:
"This building contains her!" I found myself asking with
some surprise: "Is she alive?" only to have Mr. Jaeckel tell
me, with a singular lack of emotion: "Sure, she's alive! She
lives in Flatbush. Paid fifty thousand for a chinchilla
twenty years ago and expects to get forty for it still!" . .
. They are hanging in Mr. Jaeckel's vaults in Fifth Avenue,
these costly shrouds of the vanished living.
Concerning depression, Mr. Jaeckel is there to contradict an
aphorism common to his trade: that the fur business is the
last to feel it and the first to recover. To this hopeful
lay, Mr. Jaeckel is a nay-sayer. In the past year, for
example, he has sold as many expensive sables and broadtails
as ever, but his income from the moderately priced pieces
has dwindled lamentably. The lower-middle class of his
customers, economically speaking, those with incomes ranging
from five to twenty-five thousand a year, has been submerged
by the depression into the non-fur-buying strata. It is easy
to see that in a business where an income of from five to
twenty-five thousand dollars represents the "submerged
tenth" of the clientele, only the fabulous uppermost layers
can still afford to indulge a taste for peltries. Even the
luxury trades have their indispensable lower and middle
classes; the spectacular sales can't keep business running
and the poorer customers, comparatively speaking, have been
decimated by the slump. The out-of-town trade—the buyers
from Fort Worth and Wichita and Montpelier, anxious for a
metropolitan imprimatur on their garments—is now contenting
itself with a local imprint. Every business, Mr. Jaeckel
says, must depend on the mass-volume of its middle-priced
orders and these have been conspicuously "shot" by the
depression. There are still the standbys: there is, for
example, his best customer, a lady who, for some unexplained
reason, sold all her stocks—"everything she had"—on the day
before the first market crash and who has spent eighty
thousand a year at Jaeckel's for the past ten years; there
are a few spectacular bears who are able to indulge
magnificently their impulses of gallantry; there are the
movie stars; there are the few unassailably rich—but the
bread-and-butter customers are vanished. I asked Mr. Jaeckel
if I might idle around his emporium. "You can," he said
brusquely, "but you won't meet anybody." Concerning the
depression, Mr. Jaeckel is vociferously frank, like a
hypochondriac advertising his ailments. On the very lease of
his store, a lease acquired very advantageously in 1919, he
might have had, a few years later, a profit of a hundred
thousand a year. The possibility of that profit, together
with the fur-buyer with the income of from five to
twenty-five thousand, has vanished beyond recovery.
Still, it is a fascinating and enviable world in which Mr.
Jaeckel functions imperially. He was born, it may be said,
to the ermine. His father, Hugo Jaeckel, like an earlier
fur-trader, John Jacob Astor, came here from Germany, and
arrived in time to fight on the Northern side in the Civil
War. He brought over with him a small capital and a
preoccupation with the fur business, both of which he
invested in the establishment in New York which still bears
his name and of which he is still listed as president. The
elder Jaeckel remained here as active head of the business
till 1926, when he left it safely in the care of three
sons—H. Francis, Richard, and Walter—and went back to a
country estate outside of Wiesbaden, where he is now living
in hearty retirement. Richard, on his swift expeditions to
Paris to look
at models—owing to the speed with which he makes these trips
he is known in the trade as the Flying Dutchman—occasionally
takes the time to look in on his father in the old house in
the village near Wiesbaden where he lords it, Richard will
tell you with a chuckle, like a great man. Of the other
sons, Theodore is consul-general at Rome and Albert is a
member of the law firm of Chadbourne, Hunt, Jaeckel & Brown.
Richard was born in New York, went to Williams, and became
the amateur wrestling champion of America before he started
in his father's business in the shipping department, and
later on the delivery wagon at five dollars a week. (What an
aroma of outdated Spartanism there clings to this heroic
discipline, as old-fashioned as cloak-spreading in
chivalry!) Young Richard's first contact with the social
side of the business to which he was to devote his life came
when he was asked in to have a cocktail by a young lady to
whom he was sent to deliver a fur-piece, This was his first
experience of hospitality of this kind and it is not
surprising that he kept the wagon waiting downstairs so long
that there were no more deliveries that afternoon. On his
return he was given a prideful lecture by his father, fired,
and sent upstairs. The interesting thing about such
dismissals when you are the heir to the business is that
they instantly result in advancement. But the pleasant
fiction of "starting from the bottom" and of surviving such
crises of parental wrath contributes to a sense of having
made one's way against immense odds which is valuable and
perhaps gratuitous for the upkeep of complacency in the
scions of the established.
Prices, beginning with the present Jaeckel's ascendancy in the
business, began to soar. During this period furs became,
with jewelry, the prime commodity of the "conspicuous
consumers." Richard remembers his father saying to him, when
he told him that he was asking and getting two hundred and
fifty dollars for a red fox he had in his hand! "You're a
bunch of robbers!" In Richard's youth, when the store was in
Thirty-second Street, he sold his first sable coat to Mrs.
Al Woods, at a price that made him gasp: twenty-one thousand
dollars. Mrs. Woods came to the store in a hansom cab, and a
retainer staggered in with two valises containing the price
of the coat in cash. Mr. Jaeckel claims the credit for
having started, single-handed, a vogue which he himself
modestly describes as "nutty": the white-fox craze. In the
summer of 1914, an unusually hot one, with the thermometer
around one hundred, women walked festooned with white foxes
costing from twenty to a hundred and fifty dollars. In his
lucubration on the mystery of changing fashions, Professor Veblen does not allow for the creative
imaginations of such captains of the cohorts of the
conspicuously wasteful as Mr. Jaeckel. With the cynical
detachment of a mercenary but critical writer turning out a
potboiler, Mr. Jaeckel conceived this white-fox mania and
propagated its contagion among many thousands of women. The
"aesthetic nausea" which, Professor Veblen says, follows
styles once they are outmoded, Mr. Jaeckel felt even in the
moment of his inspiration.
Indeed, it would repay amply any professional sociologist to
consult Mr. Jaeckel before setting down his generalizations.
Knowing personally, according to his own weary admission,
more women than any other man in America, he is in a
position, in a matriarchy, to give you the lowdown on the
still current civilization. He is as paradoxical as Bernard
Shaw and as realistic as an accountant. None of the
satirists of marriage, for example, are so devastatingly
critical of it as an institution as Mr. Jaeckel, whose
actuarial analysis makes you realize that it is not (at
least in the metropolis) an institution at all. From the
point of view of a creditor, Mr. Jaeckel distrusts the
married accounts as unreliable and impermanent. The erosion
of divorce eats away two out of three marriages before the
charge account is balanced. Far more satisfactory, as the
ledger indicates, are the unsanctified relationships in
which the women have independent incomes. Judged by the
keystone of credit, these ladies, Mr. Jaeckel will assure
you, are more solid, more reliable. Those hallowed bourgeois
virtues—meeting your obligations, paying your bills on time,
simple capitalistic honesty—are subserved far more
faithfully by what used to be known, in a less practical
age, as the filles de joie than they are by those
momentarily blessed of book and candle. The jagged issue of
credit seems to pierce inevitably through matrimonial
disputes and it appears to be harder to pay for a fur coat
once ecstasy has gone glimmering. On the other hand, the
outlaw relationships go on placidly and solvently year after
year. One lady, with no ecclesiastical standing whatever,
has bought a quarter of a million dollars' worth of furs
from Mr. Jaeckel and her account is tidy. So with many
others. One gets a bewildering sense of the chaotic
insecurity of the married relation: the satirists, one
feels, should centre their attacks on those stodgy, humdrum
alliances plodding along year after year with unimaginative
adherence to all the obligations which arouse the hilarity
of the lampooners of the middle-class virtues. Marriage,
among Mr. Jaeckel's clients at least, appears to have all
the excitement of unertainty, the glamour of the
unpredictable.
Such diverse authorities as Anita Loos and Mrs. Edna Woolman
Chase of Vogue find Mr. Jaeckel's emporium of plate
glass and mahogany a vantage point for observing the foibles
and the vanities. Through these mirrored ateliers, where the
models pirouette slowly, farce and drama bubble. Sometimes
they converge. . . . On one occasion, Mr. Jaeckel had the
delicate responsibility of entertaining simultaneously in
contiguous booths a gentleman's sweetheart, at the moment
suing him for fifty thousand dollars; his first wife; and
his second, current one. The gentleman, when informed of the
coincidence, felt a certain natural apprehension, but on the
whole he was not displeased. His vanity swelled at this
inopportune concentration of his far-flung interests. Mr.
Jaeckel managed it for him so that the situation passed off
without consequences, and he adds proudly: "I sold all three
of them!"
It would be surprising, from his special vantage point, if Mr.
Jaeckel were not slightly cynical about the reputedly
popular morality. Like medicine and religion, the supplying
of furs to ladies seems to be a personal ministration, and
if Mr. Jaeckel is less austere than the self-righteous
consider seemly, it is because he, as he himself modestly
confesses, is "in a spot for concessions."
Sometimes, after a day of waiting on as many as a hundred
women, he feels that he could not ever bear the thought of
addressing another, but so resilient is human nature that
after dinner the misogynistic mood vanishes and his
anticipations return to normal. These disclosures about
himself he makes with an eighteenth-century bluntness. At
fifty-one he is remarkably youthful-looking and vigorous
and, although a grandfather, not without a masculine pride
in the fact that he has a daughter of twenty-four and a son
of five and one-half.
The walls of his office above the store in Fifth Avenue are lined
with inscribed photographs of most of the prominent
musical-comedy and picture stars: Kitty Gordon, who had the
best-advertised back in America; Lillian Russell, wrapped in
the furs of an earlier day; Marion Davies, Mary Pickford,
Adele Astaire, Peggy Joyce, Marilyn Miller, Gloria Swanson,
Lilyan Tashman, who, in Mr. Jaeckel's opinion, can wear a
smart gown or a fur coat better than anyone else in the
world. Contrary to popular legend, the stage, Mr. Jaeckel
says, is of no importance in his business, as most of the
actors haven't any money—the actual percentage contributed
by the theatre and movies is less than five—but actresses
are of great value as advertisers and boosters. Actresses
who go in heavily for society are especially valuable in
this respect; Adele Astaire—soon to be Lady Cavendish—has
sent in droves of customers. But the best ad in the world,
Mr. Jaeckel says, is Peggy Joyce. To make a coat for Miss
Joyce is to cast bread upon the waters. On one occasion, Mr.
Jaeckel made her a white ermine coat which she wore for the
first time one night after dinner on the Île de France. Mr.
Jaeckel had jumped on the boat at the last minute on one of
his innumerable trips. The ship was filled with Western
buyers, to whom the coat, as worn by Miss Joyce, appeared to
be a knockout. At odd moments in whiffs of confidence, Miss
Joyce let fall the maker's name and by the time the ship
docked at Cherbourg, Mr. Jaeckel had put down special orders
for the coat from forty per cent of the buyers. Again
Professor Veblen, searching the mystery of style
fluctuation, might have done well to consult Miss Joyce
also. It may be added that Mr. Jaeckel is himself no slouch
at advertising. On one of his Paris visits, he went to the
best perfume manufacturer in the world and commissioned him
to synthesize a unique scent. Of this mixture he had two
hundred and fifty bottles made; dubbed it with his initials,
"Are Jay;" and sent the bottles to two hundred and fifty of
his best-known customers. "If," he speculated in his message
to them, "you like me well enough to accept this scent of
me, you may keep this bottle, but the scent is not for
sale." And so it has been ever since. There is no other way
of acquiring this scent except by personal gift, and the
habit of it must be insidious, for Gloria Swanson, finding
herself abroad bereft of it, had to cable Mr. Jaeckel; and
Marion Davies and Mrs. W. A. Harriman will use no other.
Mr. Jaeckel is proud of his trade and happy in it. He feels
himself part of a stalwart tradition; the fur trade has been
important in the development of this country and has been
the basis of some of its most spectacular fortunes, from
John Jacob Astor's to Marcus Loew's. It is curious that this
pioneering, frontier hardihood should have formed the basis
of the most effete of contemporary industries. It is a long
distance from the forest-runner, John Jacob Astor, carrying
a pack through the dense forests of the Niagara frontier,
dickering with Indians for muskrat skins in exchange for
beads and needles, to Miss Joyce's ermine on the Île de
France. Even since his father's time, Mr. Jaeckel says, the
character of the business has changed from a necessity to a
luxury trade. It is a long way but an inevitable one, as
inevitable as the swing from classicism to romanticism—like
climbing and going down a hill, as Havelock Ellis says—and
no theme song for the hymn-intoning moralist. But it is a
fascinating world which Mr. Jaeckel allows you to glimpse,
perhaps the final dissolving epitome of our time. Aldous
Huxley might trace the slow evolutionary process which makes
it possible for Miss Joyce's ermine, on a transatlantic
liner, to arouse envy in Midwestern salesmen: that sated
stockbrokers may flaunt generosity to the ladies of their
adoration the bright-eyed expensively furred little animals
roam the wide steppes to their doom. But the speculative
aspect does not concern Mr. Jaeckel. He is worldly,
Bismarckian. When we entered the war, he matched with his
brother, H. F. Jaeckel, and won. He allowed his brother to
go and tells you with genuine pride that H. F. came out a
major. At the same time he is very content to have missed
the chance of being killed or maimed himself. It is a
healthy realism. With his customers he has an easy intimacy,
he understands them because he understands himself. |