 |
|
 |
Willem Bartholomeu Zcott
Willem Bartholomeu Zcott
was born to Czeckloslovokian immigrants hiding out in
present-day Budapest during the Czech inquisition of 1830.
Willem's father, Bartholomeu Luchien Zcott, worked in
the Eidzelfaf Shoe Factory from the time he was eleven,
until the age of 19, when he met Willem's mother, Helena
Theretse Bulgarri. Helena also worked at the Eidzelfaf
Shoe Factory, where she mastered the art of leather tanning.
Helena was paid 4 cents per hour, while Bartholomeu earned
7 cents per hour. Although Bartholomeu was paid more,
his job was very dangerous. He worked on the eyelet
molding turnpress, where molten hot iron was injected
into an ice water turbine, producing hollow tubes of iron.
These tubes were then cut to make eyelets for the shoes.
Many workers lost teeth, fingers, eyes - and even arms
- as the turnpress had no safety controls.
In 1842, Bartholomeu moved
his family of three to the United States, in search of
better jobs and the opportunity of free enterprise.
In New York City, the immigration officers changed their
last name Zcott to Scott and changed the spelling of young
Willem to William. Helena and Bartholomeu were allowed
to keep their names.
Eidzelfaf Shoe Factory
In 1848, on William's 18th birthday,
he purchased his first property. It was a small
tenement house in the poorest section of New York City,
rented to unwed mothers. Rent for the mothers was $1 per
month, and included food for the mothers and their babies.
Each tenant was assigned chores for the house. Some
chopped firewood for the cast iron cooking stove, others
loaded coal through the basement coal chute. Willem and
his parents lived in the attic of the tenement house,
where it was very cold during the long Eastern winters.
The attic was not insulated,and the old wooden shingles
let snow drift inside. Many a morning was spent
sweeping the snow from their bed covers.
The original Scott tenement house before demolition
in 1906
The Scott family was founded
on waste-not want-not, and their frugality soon paid off.
In 1850, William leveraged the tenement house,by convincing
a banker to buy the house and then immediately re-sell
the house back to him at a price higher than he originally
paid. This unheardof practice (which we now call home
equity loans), allowed William to buy his first housing
project - with no money down.
Within 10 years, William Scott Properties
had amassed over 22,000 apartment units in New York State.
In 1871, the Scotts moved their family westward, in search
of better living conditions, and settled in Aztalan Valley,
on the shores of Moon Lake - which is now called Lake
Monona - in Madison, WI. The Lakefront property
that was their home, now houses the Frank Lloyd Wright
Convention Center.
Frank Lloyd Wright Convention Center
William Scott Jr. still manages his father's
properties here in Madison. Bill Jr. is aging though,
and is looking to retire in the next few years. Bill
Jr.'s son, Guy, will most likely continue to run the family
business, along with his trusty "Girl Friday"
Kari.
|
Copyright © 2002-2003 William Scott Properties
|
 |
|