USA > Ohio > Knox County > History of Knox County, Ohio, its past and present > Part 75
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HISTORY OF KNOX COUNTY
newly-discovered stockholders parties, etc .; and the court continued H. H. Hunter special master for further investigation, and with more extensive powers.
At the September term of 1840, Master Com- missioner Hunter submitted his final report, con- cluding with a statement of accounts and an aggregate amount remaining due - seventeen thousand four hundred and fifty-seven dollars and twenty-seven cents; and the court, upon fur- ther hearing of exceptions by council and argu- ments for their respective clients, decreed accord- ingly, and continued the appointment of Henry B. Curtis as receiver, to collect from the parties the sums assessed against them, and to pay off the judgment creditors, etc.
At the succeeding terms of the court, various orders were made, as necessary in the progress of the cause, and upon the reports of the receiver of his action had in the premises.
And thus the case "dragged its slow length along," until the final report of the receiver was filed, and the cause finally disposed of upon excep- tions taken by Miller & Dunbar, attorneys for cer- tain defendants, which were overruled by the dis- trict court in chancery, on the sixteenth of June, 1859-and an entry upon the journal expresses the satisfaction of the court at its termination-by the receiver in having disposed of the remaining assets by sale under order of the court, for an amount sufficient to liquidate all outstanding in- debtedness.
The following extract is from the receiver's re- port :
The undersigned, now, therefore, regarding substantially all interests adjusted and settled, in behalf of party creditors, and the assets for that purpose exhausted, recommends that the suits pending be finally dismissed from the docket, without prej- udice to the rights of the assignee to collect the balances against party creditors, standing unsatisfied, agreeably to former re- ports and decrees in this cause. The undersigned reports all costs paid, as far as known to him, and, as he believes, in full.
In taking leave of the case, which for more than thirty years has occupied a conspicuous position on the docket of this court, and in closing the trust which, for more than twenty years, has been confided to the undersigned, he takes leave to congratu- late the court on the final adjustment of the whole matter, and to express his profound thanks for the confidence so long con- tinued, without which the vexed, complex, and protracted labors of the case would have been rendered much more onerous, and the results obtained far less satisfactory.
To the parties (many of the original of whom have departed
this life since the commencement of this suit), and to their heirs ind representatives, the full record of this case, while it may recall some reminiscences of an unfortunate enterprise, and its calamitous results, will also remind them of many incidents and profitable lessons in the school of experience, and be, for all time to come, the veritable history of the Owl Creek bank of Mt. Vernon.
Upon the filing of the final report of Mr. Curtis, as receiver, the court caused the following order and decree to be entered in the docket, as its judg- ment :
It is now, therefore, ordered and decreed, that said report be forthwith approved, and sale fully confirmed and this whole case is accordingly discontinued.
Such is, in brief, the history of the Owl Creek bank of Mt. Vernon, an institution which acquired great notoriety.
The Knox County National bank was originally organized in 1848 as the Knox County bank, a branch of the State bank of Ohio, with Henry B. Curtis, J. W. Russell, C. Delano, Jesse B. Thomas, and Sewall Grey, directors; Henry B. Curtis, pres- ident. John C. Ramsey, Levi L. Lewis, and J. Frank Andrews were at different periods its cash- iers, under its old organization. In 1865, after the passage by Congress of the national banking law, this institution elected to continue business under the national law, the State banking law having ex- pired by limitation. It then assumed the name of the Knox County National bank. Its present cap- ital is one hundred and fifty thousand dollars, and it is now one of the foremost institutions of the city. Mr. Curtis still continues its able and effi- cient president. The cashiers in its national char- acter have been Hugh Oglevee, L. B. Curtis, and John M. Ewalt. Of the different cashiers Messrs. Ramsey, Andrews, and Oglevee have deceased. The present board of directors are: H. B. Curtis, president; J. N. Burr, vice-president; and Messrs. N. N. Hill, Charles Cooper, and Henry L. Curtis. John M. Ewalt is cashier, and Edward W. Pyle, as- sistant cashier. Its surplus fund is twenty-one thousand seven hundred and sixty-three dollars.
The First National bank was organized in April, 1862, under the name of Bank of Mount Vernon, J. W. Russell, president; Columbus Delano, Mathew Thompson, Walter H. Smith, F. D. Sturges, direc- tors; F. D. Sturges, cashier; D. W. Lambert, teller. Capital, one hundred thousand dollars. Electing to do business under the national law it
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HISTORY OF KNOX COUNTY.
assumed the name of the First National bank after the passage of that law. Messrs. Sturges and Lam- bert hold their old positions at this time. Upon the retiring of Dr. Russell, the Hon. Columbus Delano was made president. The present board of directors consists of Columbus Delano, presi- dent; John W. Russell, vice-president; and F. D. Sturges, D. W. Lambert, and H. H. Greer. Its present capital is fifty thousand dollars.
Knox County Savings bank was incorporated September 13, 1873, under the act of February 26th, of that year, and commenced business Decem- ber 29th of the same year. The present officers are: Jared Sperry, president; Samuel Israel, vice-presi- dent; John D. Thompson, treasurer: Samuel H. Israel, cashier; Jared Sperry, G. A. Jones, John D. Thompson, Samuel H. Israel, O. M. Arnold, Alex- ander Cassil, and Thomas Odbert, trustees. These gentlemen are all well and favorably known in this part of the State, and under their management the bank occupies a high position among the financial institutions of the State. The capital of the bank is fifty thousand dollars.
The Knox County Mutual Insurance company was incorporated by a special act of the general assembly of the State of Ohio, March 14, 1838, giving it an existence co-equal with the older fire insurance companies of the State. It commenced issuing policies in August, 1839. Its first board of officers were: C. P. Buckingham, president; Sam- uel J. Updegraff, secretary; E. G. Woodward, treasurer; and for directors: C. P. Buckingham, Henry B. Curtis, George Browning, J. E. David- son, S. J. Updegraff, Columbus Delano, B. S. Brown, Else Miller, and Isaac Hadley. Of the whole number of officers named only Messrs. Buck- ingham, Curtis, Delano and Hadley are living. The transactions and operations of this organiza- tion have been characterized by prudence and econ- omy. In 1843 Mr. William Turner was installed as secretary, which position he still holds. For a period of nearly forty years he has devoted his su- perior financial and executive ability to his work, during which time he has established a reputation of which he may justly feel proud; and to his abil- ity, in a great measure, are due the success and prosperity of the company. It has now been sev- eral years since Robert Thompson was chosen
president of this company, and Mr. S. L. Taylor, general agent. Each of these gentlemen have large business experience.
The Knox County Mutual now has a well se- cured capital of about one million dollars in pre- mium notes, and a cash surplus of about fifty thousand dollars-thirty thousand dollars of which is invested in United States four per cent. regis- tered bonds, which are held as a reserve fund, to be drawn upon in case of extraordinary losses, and thus avoid the necessity of heavy assessments. This company has paid over four hundred thousand dollars in fire losses, and the average annual as- sessment on notes since the organization has been two and one-half per cent, or one-fourth annual cash rates. The policy of this company is to keep their risks well scattered, and to take none extra hazardous.
The Eagle Mutual Fire Insurance company was incorporated May 31, 1879, with a capital of fifty thousand dollars in premium notes and closed the year 1879 with a report to superintendent of insur- ance, showing a gross capital of over eighty thou- sand dollars, the result of its first year's business. The company was organized mainly through the efficient and energetic efforts of Mr. J. J. Fultz, its present acting secretary, assisted by Mr. J. B. Castner, late of Toledo, Ohio.
The "Eagle" does a conservative and purely mutual business, and is officered by the following gentlemen, who are well and favorably known: David C. Montgomery, president; General G. W. Morgan, vice-president; J. J. Fultz, secretary ; Hon. John D. Thompson, treasurer; Hon. William C. Cooper, legal adviser, and John B. Castner, gen- eral agent.
THE OHIO MUTUAL AID ASSOCIATION.
An association having for its object the mu- tual protection and relief of its members, and for the payment of such stipulated sums of money -not to exceed four thousand dollars-to the families or heirs of deceased or disabled mem- bers (or to themselves prior to death), as may be by certificate of membership provided-was incor- porated September 4, 1879. The association began business at once, and at the end of the first year had a membership of nearly two thousand. The officers of the association are-Hon. John D.
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HISTORY OF KNOX COUNTY.
Thompson, president; General G. W. Morgan, vice- president and legal adviser; J. J. Fultz, secretary and actuary ; David C. Montgomery, treasurer, and S. C. Thompson, medical director.
Following is a list of the business men of Mt. Vernon in 1850. At that date the stores kept a general assortment. There were but few dealers in groceries alone, and in no instance did the mer- chants confine themselves to dry goods alone.
The principal merchants were R. C. Kirk & Co., D. Potwin & Co., William Beam, R. M. Brown & Son, Hugh Cooper & Co., A. N. Stoughton, Hill & Mills, A. E. Davidson, Jonathan Weaver, George B. Potwin, H. H. Curtis, D. S. Norton, sr., War- den & Burr, James Blake, Horatio S. Miller, C. G. Bryant, L. B. Ward, Richard Ridgeley, Robert Irvine, James George, N. Updegraff, J. E. Wood- bridge, E. C. Vore, James Hutchinson, Daniel Axtell, J. W. Miller & Co., G. A. Jones & Co., J. A. Graff, Washington Hendricks.
The druggists were C. P. Buckingham & Co., M. Aberneythy, H. M. Ramsey & Co., J. N. Lewis & Co.
The chair makers were Daniel McFarland, Daniel McDowell, J. H. McFarland, Noah Hill, Joseph Jacobs, Raphael Pyne.
The brick and stone masons were John Jennings, Thomas Drake, James A. Lane, Henry Ransonı, Solomon Smith, Albert Mitchell.
The proprietors of livery and feed stables were Richard Keene, William Combs, George Crouse, C. L. Bennett.
The brick makers were I. & T. Wood, Tramel Harle, Benjamin Magers, Jacob Blocker.
The silversmiths were J. B. Brown, C. H. Strichy, Joshua Hyde.
The foundry and machine works were Coopers & Clark, M. C. Furlong, Buckingham & Upton.
The photographers were Ayers & Larabee, Wil- liam Oldroyd.
The iron and hardware dealers were John Mc- Cormick, Adam Weaver, Henry Rook & Co.
The cabinet makers were Joseph S. Martin, James Relf, Daniel McDowell, Jacob Martin, Henderson & Weirick, Abraham Bolyer.
The carpenter and joiners were Daniel Clark, O. W. Hubbell, Jacob Clayton, Blair Cummings, W. A. Bounds, Henry Haller, John M. Lane, P. C.
Lane, A. Hart, sr., Jesse Blair, R. B. Bingham, E. Armstrong, Joseph C. Emery, Benjamin Giles, David F. Randolph, David Martin, John H. Rob- erts, J. S. Stout, William Fordney, Parrott Rathell, L. M. Fowler, John Phillips, Russell Smith, Dennis Smith, Joseph Giles, John D. Bartlett, Charles Bechtol, Lester B. Gardner, S. J. Devoe, John Dwyer, John W. Rumsey, William Clements.
The saddle and harness makers were George W. Hauk, William Mefford, W. H. Mefford, E. Alling, F. J. Zimmerman, Samuel Clark.
The butchers were James C. Irvine, Joseph Bechtol, Allen Beach, sr., Allen J. Beach, Archy McFarland, Aaron Sharp.
The coopers were Samuel Taylor, John Miller, F. D. Miller, Henry W. Ball, William Ball, Jacob Miller, Charles Miller, James Ball.
The tanners were Hugh Oglevee, sr., Harrison Stotler, N. Williams, sr., N. Williams, jr., James McFarland, Lyman Hendricks.
The carriage and wagon makers were Columbus C. Curtis, William Sanderson, sr., Dennis Corco- ran, John A. Shannon, George Blocker, Condy Ja- cobs.
The hatters were S. F. Voorhies, Meigs Camp- bell, William L. King, William B. Henderson.
The blacksmiths were A. K. Laughrey, J. and J. Blocker, Joseph Mahaffey, Jonathan Graff, Heze- kiah Graff, Abram Ehle, William Mahaffey, Amos Roberts, Isaac Cole, Silas Cole, Frederick Kraft.
The stage drivers and teamsters were Russell Crandell, John W. Martin, George Keller, Otho Welshymer, William Wright, Jacob Styers.
The threshing machine manufacturers were M. C. Furlong. A. Baker.
The soap boilers were Judge Larre (colored), Samuel Jackson (colored).
The painters were William M. Bunn, Raphael Payne, Alex. Elliott (mute).
The clothiers were A. Wolff, G. W. Williams & Company.
The hotels were, Lybrand house, Jacob W. Ly- brand; Kenyon house, George Winne; Mansion house, David Kilgore; Ohio house, Abraham Hughes; Franklin house, C. F. Drake; Railroad house, Douglas Harle; Indian Queen, James Emery.
The dentists were C. M. Kelsey, A. J. Reeve, George W. Lewis.
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HISTORY OF KNOX COUNTY.
The tinners were: Job Evans, James Hunts- berry, John S. Fairchilds, Jefferson J. Wolf, Thomas Durbin, John Cooper, Isaac B. Hart.
The tailors were: D. J. McDonald, Adam Pyle, George W. Lewis, John Upfold, Russell Clark, David Hildebrand, William Upfold, William Perkins, David I). Johns, Edward Wilcox, John P. Lewis, Jacob Martin, J W. F Singer, Benjamin H. Lewis.
The boot and shoemakers were: George C. Siler, Daniel McGrady, Samuel Small, George M. Vore, Edward Taylor.
The Mt. Vernon Woollen company were: Henry B. Curtis, president, Norman N. Hill, secretary.
The bakers were: James Cole, John Boyd.
The newspapers were: Ohio Times, William H. Cochran; Banner, William Dunbar & George W. Armstrong; True Whig, John W. White & E. A. Higgins.
The boot and shoe dealers were: C. L. Man- ville, Miller & White, Weaver & Miller, G. B. Arnold, Justus B. Bell, E. S. S. Rouse, jr.
The plasterers were : James R. Wallace, Samuel Steinmetze, Andrew Lauderbaugh.
A miscellaneous list shows the following: John- ston Elliott, postmaster; Joseph Muenscher, life insurance agent; B. B. Lippitt, book seller; E. T. Cohen, portrait painter; Mehurin & Co., marble works; William Turner, secretary Knox Mutual; John W. White, telegraph operator; J. H. Minor, boarding house; W. Robertson, chemist and fancy dyer; Mr. and Mrs. R. R. Sloan, female institute; Daniel S. Norton, miller ; Russell, book binder; T. M. Bartlett, auctioneer; J. A. Andrews, sash and blind manufacturer; Casper Fordney, gunsmith.
The following is a brief account of the most im- portant manufacturing interests of the city.
The Mt. Vernon Iron Works was established in 1834 by Charles Cooper (the senior member of the present firm) and Elias Cooper, under the firm name of C. & E. Cooper. This firm was suc- ceeded by the said Charles Cooper, with others, under the following firm names: C. Cooper, C. Cooper & Co., Cooper & Clark, Mount Vernon Iron Works, C. & J. Cooper, C. & J. Cooper & Co., and, finally, November 31st, 1869, on the sale by J. Cooper of his interest in the works to the
remaining partners, by the present firm of C. & G. Cooper & Co., composed of Charles Cooper, George Rogers, Frank L. Fairchild, and C. Grey Cooper.
Their works have from time to time been im- proved and enlarged to meet the ever-growing demand for their production.
The magnitude of these works, the variety and completeness of their special tools and machinery for manufacturing; their location near the best and cheapest coal and iron markets of Ohio, and their facilities for shipping at low rates to all points, enable them to successfully compete with other large manufacturing houses.
Their engines and mills are of the most approved designs, and the volume of their business justifies them in employing the best mechanical skill.
They were the first to manufacture a successful traction engine for the American market.
This was in 1875, and it was, at first, regarded by them as an experiment. The engines were a success, however, and greatly pleased their cus- tomers. For the first two years they gave pur- chasers the option of taking off and returning the traction gearing at the end of the season, if it did not give satisfaction, or if actual use did not con- vince the owner that it was worth the extra price charged for it. In no case did a purchaser avail himself of this option. They first advertised the engine in their circulars for 1876, and during that year and the year of 1877 they made and sold one hundred of them. Their sales would have been much larger had they been prepared to furnish the engines, but, being doubtful of the extent of the probable demand for traction engines, they ac- cumulated for stock during the winter and spring months of these years, a large number of common farm engines, expecting to be able to build trac- tion engines during the selling season, as fast as ordered. Their experience in 1876 and 1877 satisfied them as to the merits of their traction engine, and also demonstrated the fact that it was greatly preferred to the common farm engine where- ever introduced.
Profiting by this experience, in 1878 they built traction engines for stock, and the result was they put out over two hundred that year, and yet so great was the demand that they were obliged to
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HISTORY OF KNOX COUNTY.
decline one-third of their orders during the busy season, more than three-quarters of their farm engine orders being for traction engines. Their trade in 1879 ran still stronger to traction engines, and although they put out about three hundred they were again obliged to decline a large number of orders.
Finding that they would be compelled to still further increase their productive capacity to meet the growing demand for their engines; they decided to increase their works, and during the fall of 1879, added to them two large buildings and considerable new machinery, with a view of increasing the yearly manufacture of traction engines to about five hun- dred, in addition to their other work.
Although the traction engine seems to be their specialty, the firm manufacture a large number of portable and stationary engines of all sizes and patterns, suitable for any and every purpose for which steam engines are used; as well as saw-mills and mill gearing, and machinery of every descrip- tion.
The firm has recently added a variety of sizes of a combined portable and stationary steam en- gine, and also a very popular slide-valve engine, with the Corliss' style of bed-plate, as well as a common slide valve engine with expansion gear adjustable by hand. These, added to other sta- tionary, portable, and farm engines, constitute a large assortment, and, with their saw-mills, grist- mills, etc., enable them to offer their patrons a lar- ger and more complete assortment to select from than can be found in any like establishment in the country.
C. and G. Cooper & Company employ, contin- ually, a large number of workmen. The works are justly celebrated and sustain a high business character.
The Cooper Manufacturing company, foot of Main street, Mt. Vernon, is the successor of the Kokosing Iron Works, originally established by Messrs. C. P. Buckingham and Henry P. Upton, who erected the main building in 1849. The large two-story building fronting on Water street was erected by the firm of Cooper & Rogers, who pur- chased the establishment from Mr. Buckingham, about 1867. The firm of Cooper and Rogers was composed of Charles Cooper, John Cooper
and George Rogers. Various changes were made in this firm, until in 1875, the establishment be- came known as the Cooper Manufacturing com- pany, since which time it has been managed by a board of directors, of which Mr. John Cooper is president, and Mr. Nevil Whitesides, secretary.
The specialty of the present company embraces all the branches pertaining to engine building, foundry, mill furnishing and contracting. They have a large and complete establishment, and one of the largest lines of patterns in the country. Their foundry is provided with all the necessary machinery for handling readily the loam, dry and green sand castings, and their machine shops with the most powerful tools for finishing the same. Their make of horizontal steam engines range in power from an eight-horse to a four hundred-horse power. They manufacture three classes of station- ary engines, viz: The Babcock & Wilcox automatic, the independent cut-off, and the plain slide-valve. They are of the modern girder bed-plate pattern, very accurately and elegantly built.
They also manufacture improved high pressure portable steam engines and boilers, improved port- able standard and pony saw-mills, Cooper's com- bined grain steamers and heaters, general machin- ery castings of every description, and also the improved Reed & Buckingham patent adjustable spring grist-mills. This mill differs from all other portable mills in these important features, viz: The mode of balancing the bed stones; the method of preventing vibrations in the bed stones, and the manner of attaching the runner to the spindle. Special points of the above mill are simplicity, durability, capacity for work, its freedom from choking, and its reliability. There are three sizes of this mill-No. I merchant mill, thirty-six inches diameter of stone; No. 2 merchant mill, thirty inches diameter of stone; and No. 3 corn mill, twenty-four inches diameter of stone. This firm also manufactures flour bolts with two, four, six, or any required number of reels, besides buckwheat and corn meal bolts. They are also extensively engaged in making the whole machinery for erect- ing and furnishing complete, large custom mills, with any required number of buhrs.
In 1872 this establishment shipped one of their celebrated portable steam engines and saw-mills to
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HISTORY OF KNOX COUNTY.
Japan, intended for the Japanese government. The shipment was made over the Baltimore & Ohio railroad via Mansfield, and Chicago to San Francisco, thence by steamer to Japan. A few years previous the same establishment, then in the hands of General C. P. Buckingham, shipped a threshing machine to Australia. During the fall of 1872, this establishment built for the General Gov- ernment, under contract, two iron light-houses, weighing over three hundred tons each, which are now doing service on the southern coast. During the month of January, 1881, this establishment built and shipped another light-house for the Gov- ernment, to be placed on Paris Island, on the coast of South Carolina. It was built in the shape of a tripod, and from the foundation to the apex the distance is one hundred and thirty-one feet. This is the first structure of this pattern that the Government has ordered, the design being a new one. The work was so well done and conformed so accurately to the designs, plans and drawings, that when it was erected all the numerous parts came together like clock work. Mr. Nevil P. Whitesides and Mr. John M. Doyle, attaches of the Cooper Manufacturing company, were sent to Paris Island to superintend its erection. This company has now under way and partly done, a large number of iron cases for the protection and safety of valuable models accumulating in the pat- ent office at Washington city; this contract alone amounting to over sixty thousand dollars.
This company has now a full force of skilled workmen at work night and day turning out work for all parts of the country.
Banning & Willis began the manufacture of furniture in 1872. Their factory building is one of the most spacious and substantial brick struc- tures in the city, covering a ground space of fifty- two by one hundred and thirty-two feet, three and a half stories in height, with ample yard room. The place covers an entire block. An engine of sixty horse-power supplies the motive power, and a force of forty men are constantly employed in the various departments. The business will not fall far short of sixty thousand dollars per annum. The trade is not confined to this city or county, but extends to many of the adjoining counties.
McCormick & McDowell' also manufacture
furniture, conducting an establishment supplied with all the modern machinery for that purpose, all operated by steam power, and superior workmen. Their wareroom is located in the Woodward Opera House block, and their workshop on West Vine street.
Mr. C. Mitchell conducts a planing-mill on San- dusky street, near Chestnut.
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