Cleveland Past and Present: Its Representative Men: Comprising Biographical Sketches of Pioneer Settlers and Prominent Citizens
History
Cleveland Past and Present: Its Representative Men: Comprising Biographical Sketches of Pioneer Settlers and Prominent Citizens
Cleveland (Ohio) -- Biography; Cleveland (Ohio) -- History
incurred in crossing the deep ravines in the State of Pennsylvania, and
the heavy burdens imposed on the company by that State, it has proved to
be one of the most successful railroad enterprises in the United States.
In the year 1852, Mr. Stone was elected a director in both Cleveland,
Columbus and Cincinnati, and the Cleveland, Painesville and Ashtabula
Railroad Companies, and has held that office in both companies
continuously up to the present date. He also continued to hold the office
of superintendent of both roads until the year 1854, when he insisted on
being relieved in consequence of failing health, caused by the arduous
labors which seemed unavoidably to devolve upon him. He was elected
president of the Cleveland, Painesville and Ashtabula Railroad Company in
the year 1857, which office he has continued to hold for twelve successive
years, until 1869.
In 1868, the Cleveland and Toledo Railroad was leased perpetually to the
Cleveland, Painesville and Ashtabula Railroad Company, at which time he
was also elected President of the former company.
In the year 1855, he, with Mr. Witt, contracted to build the Chicago and
Milwaukee Railroad, and was for many years a director in that company, and
for awhile its president.
For several years he held the office of director in the Merchants Bank, of
Cleveland. From its first organization until it was closed up, he was
director in the Bank of Commerce, of Cleveland, and has been director in
the Second National Bank, and the Commercial National Bank, of Cleveland,
and the Cleveland Banking Company, from the time of their respective
organizations until the present time. He was for some years president of
the Toledo Branch of the State Bank, at Toledo. He was elected a director
in the Jamestown and Franklin Railroad Company in the year 1863, which
office he has held until the present time. In the same year he was elected
president of the Mercer Iron and Coal Company and held the office until
the close of the year 1868.
Mr. Stone aided in the establishment of several manufactories at this
point. During the construction of the railroads from Cleveland, his firm
carried on extensive car shops in the city, where cars were constructed,
not only for those two roads, but for several others. He gave financial
aid and personal influence to the establishment and maintenance of several
leading iron manufacturing establishments and machine shops. In the year
1861-2, he erected, in the city of Cleveland, a woolen mill of five sets
of machinery, and for several years ran it and turned out more goods
annually than any other mill in the state of Ohio. He subsequently sold it
to Alton Pope & Sons.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account