In 1854, desiring a more independent position, he resigned his place in
the Amoskeag company, and united with O. W. Bailey, Aretas Blood, and
Joseph M. Stone in organizing a company for building railway engines. By
the act of incorporation, they took the name of "Manchester
Locomotive-Works." Without adequate capital, and with adverse times, the
projectors of the enterprise had a weary struggle before them. Having no
reputation as builders, and with limited capacity for production, it was
not easy to obtain patronage; but with the pluck and persistence which
deserved success, the proprietors determined to make only first-class
engines. At the end of ten years they had gained a position which
commanded wide confidence, and they then began to divide profits. Since
that time, with occasional interruptions, the business has steadily
increased, so that, in the number, size, and weight of the engines now
constructed, the product of a month often exceeds in value the entire
product of some previous years.
In 1858, Mr. Means was elected treasurer of the Salmon Falls
Manufacturing Company. The mills of this company were in the eastern
portion of the state, and for convenience of access he removed his
family to Andover, Mass., still retaining his place as treasurer of the
locomotive-works, and having an office for the business of both
companies in Boston. Under his management the condition of the Salmon
Falls company was much improved. The capital stock of the company was,
by cash payment to its stockholders, reduced from $1,000,000 to
$600,000. New mills were erected, and the productive capacity of the
concern enlarged by one-fourth, without any assessments or sacrifices on
the part of the stockholders,--a result which illustrates beyond dispute
the good judgment and skill of the management. Mr. Means resigned the
treasurership September 1, 1877.
On the 26th day of February, 1840, Mr. Means was married to Martha
Allen, daughter of Bethuel and Martha (Bent) Allen, of Newton, Mass.
They have had eight children, of whom six are now living,--four sons and
two daughters. The sons, as they have reached manhood, have found
employment in the corporations with which the father is connected.
In politics, Mr. Means has been Whig and Republican. Conversant with the
affairs of government, and a careful observer of public men, he has
manifested a generous appreciation of the good qualities of those with
whom he did not agree. Loving justice, and abhorring the wrongs by which
any class of his fellow-men suffered injury, he strongly adhered to the
principles and steadfastly upheld the policy of the party with which he
voted. In 1854 he was elected representative from ward three in
Manchester, and served one term in the house at Concord. Having removed
from ward three, he was not returned a second time.
Public-domain text, read in full here on John Shaqi.
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