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
The copper company organized by Mr. Hanna expended over half a million
dollars in developing the deposit, and produced several hundred tons of
ore, but it was not a financial success, the fine copper not being in
paying proportion in the ore. After a few years Mr. Hanna sold out his
interest in this company, but has retained interests in other enterprises
in that region, some of which have been very remunerative.
By the death of Dr. Leonard Hanna, and the withdrawal of Mr. Garretson,
the firm of Hanna, Garretson & Co. became dissolved, and was changed to
Robert Hanna & Co., the younger members of the Hanna families taking
interest in the firm. Recently Robert Hanna has retired from active
participation in its affairs, having turned his attention in other
directions. During the past four years he has been engaged in the oil
refining business, having a refinery with a capacity of a hundred and
sixty barrels a day, which has proved very successful. He is also
president of the Cleveland Malleable Iron Works, the first of the kind in
this part of the country, and which at present promises well. The
gentlemen associated with Mr. Hanna in this enterprise have united with
him in the determination to make it a successful enterprise, and have such
management for it that it can scarcely fail to meet their expectations.
In 1868, Mr. Hanna projected what resulted in the organization and
establishment of the Ohio National Bank, of Cleveland, on January 1st,
1869, with an authorized capital of one million dollars, and with a paid
up capital of six hundred thousand dollars. It was organized with more
especial reference to the interests of merchants, mechanics and
manufacturers, and men representing these respective interests are the
principal owners of its stock. The institution thus far gives promise of
complete success. Mr. Hanna is the president; A. Cobb, vice-president;
John McClymonds, cashier.
Still in the prime of life, Mr. Hanna has the satisfaction of knowing that
he has been very successful, has built up a large fortune for himself and
done a very important work in building up the material interests of the
city, both commercial and manufacturing. Although well able to retire from
active life, and live in ease at his fine residence on Prospect street, he
prefers to do what yet lies in his power to build up the prosperity of
Cleveland still higher.
S. F. Lester.
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