It has long been part of the Ellsworth mythos that his father was "ruined" by the Panic of 1837. Elmer Ellsworth's father was, by training and trade, a tailor. He ran a business in Waterford, although I do not know if it was a brick-and-mortar shop or if he worked from his home. A year prior to the fateful year of 1837, Ephriam Ellsworth moved to Malta, not too far away, where he met and married Elmer's mother, Phebe.I do not know if he moved initially in order to improve his business, but I can think of no other reason. In Malta he continued his trade, hoping to be able to make a good living catering to the travelers who frequented Saratoga Springs and Ballston Spa.
As the financial panic grew, travel to resorts slowed considerably, as did the need for a tailor. Rather than let everything collapse, Ephriam widened his horizons. In the Censusof 1850, Mr. Ellsworth is listed as a "Butcher."
Butchers in the 1800s did not work for a grocery, or even for a meat shop. There was no reliable way to keep meat fresh. A butcher worked by appointment. If a farmer needed a cow or pig butchered, he paid the butcher to come to him, do his work, and leave--often with a nice cut of meat as well as his pay.
I think we should call that "reinventing himself," not "ruined."
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