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
In the year 1835, he reached Cleveland and at once started in trade as a
druggist on Detroit Street, then in Ohio City, but now the West Side of
Cleveland. At that time the West, generally, was enjoying seeming
prosperity; everything was inflated and everyone was growing rich, on
paper. Ohio City was then the city of the future, and fortune smiled on
all its residents, and particularly on those who held real estate within
its borders.
Four years later the commercial earthquake came and toppled over the whole
fabric of trade and commerce in the West, reducing it to ruins. The entire
West was devastated, and Ohio City received a blow from which, as a
separate municipality, it never recovered. Among the others who suffered
greatly by the disaster was Mr. Sheldon.
In 1842, he sold out his drug business, and went into the employ of
another firm as an accountant, continuing in that position about two
years. From this he went into business on his own account once more, this
time dealing in groceries and provisions, which he continued to trade in
until 1846, when he was attracted to the lumber trade, which he entered,
in partnership with S. H. Fox. Four years later he disposed of his
interest in the firm, and operated in lumber on his own account, not
keeping a yard, but buying and selling by the cargo. In 1852, the firm of
Sheldon & French was formed, a lumber yard opened, and the firm continued
until the failure of the health of Mr. C. French. For a year after this
event Mr. Sheldon carried on his business alone, and then took into
partnership his son, Edward P. Sheldon, the firm becoming Sheldon & Son.
In April, 1869, the firm of Sheldon & Son merged into that of S. H.
Sheldon & Co., being comprised of S. H. Sheldon & Son, and Sears &
Holland, of East Saginaw, Mich.
The lumber trade of the city has been, generally, one of steady growth,
and Mr. Sheldon's share in it has been of that character. It developed
gradually, as the city grew in size and importance, and as the demand from
the interior increased with the growth of towns and villages on the lines
of canal and railroads. The beginning was small, and the earlier years of
its progress full of difficulties, but in the end the trade reached large
and lucrative proportions. Its highest point of prosperity was during the
war, when the establishment of permanent camps through the State created a
sudden and extensive demand for lumber, to build the numerous camp
buildings. At that time the only perplexity of the lumber dealer was to
find a supply sufficient for the demands pressing in from all quarters,
for certain qualities.
[Illustration: Yours Truly, S. H. Sheldon]
Public-domain text, read in full here on John Shaqi.
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