Editing Cyrus W. Field (section)

==Getting started in business==
Although Field had many available career options, he chose business. This was a great move for Field. At first, he worked for his brothers, David Dudley Field Jr. and Matthew Dickinson Field.<ref name="Judson, I. F." /> In 1838, he accepted an offer from his brother Matthew to become his assistant in the [[paper|paper manufacturing]] venture, the Columbia Mill, in [[Lee, Massachusetts]]. In Spring 1840, he went into business by himself, manufacturing paper in [[Westfield, Massachusetts]]. The same year, he became a junior partner in the E. Root & Co., a wholesale paper firm based in New York with responsibilities to oversee clients and conduct sales away from New York.<ref name="Judson, I. F." /> After six months, E. Root & Co. failed leaving large debts.{{citation needed|date=October 2017}} Field negotiated with creditors, dissolved the old firm, and started a new partnership with his brother-in-law, Joseph F. Stone, registered as Cyrus W. Field & Co.<ref name="Judson, I. F." /> He stayed in business and was furnishing supplies for the Northeast mills, such as owned by [[Crane & Co.|Crane & Company]], and buying the finished product wholesale.<ref name="ANB">Richard R. John. [http://www.anb.org/articles/10/10-00542.html Field, Cyrus West]. ''American National Biography Online'', February 2000. Retrieved November 30, 2015.</ref> Through his hard work and long hours, the young paper merchant was able to repay the settled debts and succeed in business by servicing the burgeoning [[penny press]] and the need for stocks and bonds, becoming eventually one of the richest men in New York. In March, 1853, he repaid all previously cancelled debt due to insolvency of E. Root & Co. debts in full amount with interest, being under no legal obligation to do so.<ref name="Judson, I. F." /> Among the answers received, one particularly stated, {{quote|Your only inheritance was a load of debt, cast upon you at the commencement of your business life, which was not caused by lack of foresight or fault on your part. You bore up under this heavy burden and paid it as not one in thousands could or would have done, and by this very act you laid broad the basis of your subsequent success.<ref name="Judson, I. F." />}}