Part 48 (1/2)
The manufactory of Messrs. Bousfield & Poole is the largest in the country, and for the past three years has turned out about fifty per cent.
more work than any other in the United States. It consumes ten millions of feet of lumber and logs annually, besides other material, and gives employment to from three hundred to three hundred and fifty persons, men women and children. Its influence on the population and prosperity of the city can therefore be judged. The money for the support of these people, and for the purchase of the materials employed, is almost wholly brought from abroad, the amount of the wares used in Cleveland being, of course, a very small fraction of the amount produced and sold. The same is true to a greater or less extent, of all the manufactories of Cleveland, and serves to account for the rapid growth of the city in population and wealth within the few years past, in which Cleveland has entered in good earnest on its career as a manufacturing centre.
Mr. Bousfield was married January 1, 1855, to Miss Sarah Featherstone, of Kirtland, by whom he has had ten children, six of whom are yet living.
The oldest son, Edward Franklin Bousfield, is engaged with his father in the factory.
The secret of Mr. Bousfield's successful career can be found in his indomitable perseverance. He has been wholly burned out three times, and had, in all, about twenty fires, more or less disastrous, to contend with, but each time he seemed to have gained new strength and vigor in business as his works rose phoenix like from the ashes. Coupled with his perseverance is a remarkable mechanical ingenuity which has served him to good purpose in the construction and management of his factories. Whilst in England, he invented a machine for braiding whips that would do the work of fifteen women working by hand, as was the usual practice.
J. G. Hussey.
Among the elements that have contributed to the prosperity of Cleveland, copper and oil hold no inconsiderable place. Not only has the cupriferous wealth of Lake Superior directly enriched many Cleveland citizens who interested themselves in its production, but it has led to the establishment of a large and steadily increasing commerce between Cleveland and Lake Superior. In the other direction, the enterprise of Clevelanders in the petroleum region of Western Pennsylvania has built up large fortunes for themselves and has established in Cleveland one of the most extensive and remunerative of its industries. One of the earliest to be identified, first with the copper and afterwards with the oil interest, was J. G. Hussey.
Christopher Hussey, the father of the subject of the present sketch, emigrated from Baltimore and settled in Cincinnati, in 1804, subsequently removing to Jefferson county, Ohio, where J. G. Hussey was born in 1819.
Young Hussey received such an education as the facilities of a rural neighborhood at that early day afforded, and added to his school knowledge the practical details of business by becoming clerk in a village store.
Here he acquired those correct business habits that stood him in good service in after life. In 1840, he opened a store on his own account in Hanover, Ohio, and was very successful. From Hanover he removed to Pittsburgh, where he operated in provisions until 1845. In that year there was much excitement over the mineral discoveries on the south sh.o.r.e of Lake Superior. The Indian t.i.tles to the mineral lands on that lake had been but a short time before completely extinguished, and the surveys of Dr. Houghton were bringing the cupriferous riches of the region into notice. Mining permits were issued under the authority of Congress, those permits giving the applicant a lease for three years, with a conditional re-issue for three years more. The lessees were to work the mines with due diligence and skill, and to pay a royalty to the United States of six per cent, of all the ores raised. Early in the Spring of 1845, Mr. Hussey formed a company of miners and explorers, with whom he went to Lake Superior and opened several copper veins, some of which proved highly productive and are still successfully worked. In some of these he has retained an interest to the present time.
[Ill.u.s.tration: Yours Truly, J. G. Hussey]
In the Spring of 1847, he became a member of the private banking firm of Hussey, Hanna & Co., in Pittsburgh, which did a successful business for several years. At the same time he became interested in a banking establishment in Milwaukee under the firm name of Marshall, Hussey & Ilsley. In 1850, he removed to Milwaukee, to attend to the interest of that firm, but the climate proving injurions to his health, he sold out and removed to Cleveland, where he took up his residence in 1851. From that time he became thoroughly identified with the business interests of the city.
His first act was to establish the Forest City Bank, under the regulations of the Free Banking Law of Ohio, and during his connection with the inst.i.tution it was eminently successful. During the same summer, he built and put in operation a copper smelting and refining works, under the firm name of J. G. Hussey & Co., engaging at the same time in the produce commission business, under the firm name of Hussey & Sinclair, which afterwards changed to Hussey & McBride. It is a matter of fact, on which Mr. Hussey justly prides himself, and to which in great measure he attributes his success, that he confined himself strictly to the legitimate conduct of his business as a commission dealer, never speculating in produce when selling it for others.
In 1859, Mr. Hussey became interested in the discoveries of petroleum in the creeks and valleys of Venango county, Pennsylvania. With his characteristic energy he went to the scene of the excitement just breaking out over the discoveries, and becoming satisfied of their importance, he immediately commenced the work of exploration, in company with others, who purchased the McElhenny Farm, on which was struck the noted Empire well, one of the most famous wells on Oil Creek, that by its extraordinary yield first added to the petroleum excitement, and then broke down the market by a supply far in excess of the then demand. The tools were no sooner extracted than the oil rushed up in a torrent, equal to three thousand barrels daily. The good fortune of the adventurers was disastrous. It was more than they had bargained for, and was altogether too much of a good thing. The demand at that time was very limited, the uses to which petroleum had been applied being few, and science had not yet enabled it to be converted into the cheap and useful illuminator it has now become.
One day's flow of the Empire would supply all the demands of the United States for a week. Barrels, too, were scarce, and when those at hand were filled tanks were hastily improvised, but were speedily overflowed. Pits were dug and rapidly filled, until at length the well owners, cursed with too much good luck, were compelled to turn the oil into the river. Then it rapidly fell in price, owing to the superabundant supply. It fell, in the autumn of 1861, to ten cents a barrel, and the oil interest was, for the time, ruined.
At this juncture Mr. Hussey was induced to erect works for refining the oil and preparing it as an illuminator. The first establishment was a small one, but as the demand increased and the oil interest revived, the capacity was increased until it reached its present limit of from three hundred and fifty to four hundred barrels per day.
When the second oil excitement broke out in 1864, Mr. Hussey was again one of the leading explorers and adventurers in the oil regions of Pennsylvania. Successful wells were put down in Oil Creek and on the Allegheny river, and a large proportion of the product was brought to Cleveland to be refined. His interest in this department of industry became so great and important, that after fifteen years of active connection with the produce and copper smelting business of Cleveland, he sold out his interest in both the commission house and smelting works and devoted his entire attention to oil.
Mr. Hussey is a good example of the success attending faithful, intelligent and conscientious attention to business. A self-made man, he never lost sight of the fact that the same scrupulous honesty which gave him success was necessary to retain it. Debt he looked upon as the road to ruin, and he scrupulously shunned it. He never bought an article for himself or his family on credit. His business paper was always good and never was protested. His engagements were ever punctually kept. His two cardinal principles were ”Time is money,” and ”Honesty is the best policy,” and these rules of action he carefully impressed on the young men whom he brought up in business life. The value of his teachings and example is shown in the fact that those brought up under his business care during the past twenty years have come to hold a place in the front rank of business men, and have, by their energy and integrity, acc.u.mulated competence, and even affluence.
[Ill.u.s.tration: Yours Truly, A. B. Stone]
A. B. Stone
Andros B. Stone was born in the town of Charlton, Worcester county, Ma.s.sachusetts, June 18, 1824. He is the youngest son of Mr. Amasa Stone, (now a hale, old man, ninety years of age, in possession of all his faculties,) and brother of A. Stone, Jr., whose biography has been sketched in an earlier portion of this work. Mr. Stone's boyhood was spent in the various occupations of country farm life, where he received in common with other boys the advantages of a public school education. In his sixteenth year he left home to try the world for himself, and for a year and a half worked industriously at the carpenter's trade with his elder brother, to whom he was apprenticed for four years, to receive thirty-five dollars the first year, forty the second, forty-five the third, and fifty the fourth. An unconquerable desire for a better education forced him to leave this occupation for a time, and enter an academy, the expenses of which he met in part by teaching a public school in the winter season, and which left him only five dollars with which to make another start in the world.
In the meantime, Mr. Stone's brother, to whom he was apprenticed, had been employed by Mr. Howe, the patentee of the ”Howe Bridge,” and to Andros was a.s.signed the keeping of the time of the workmen, and other similar duties, instead of the more direct labors of the shop. In the autumn of 1842, Mr.
Howe purchased Mr. Stone's unexpired time from his brother, advanced his pay, and kept him in the same employment as time-keeper, and adding to this duty that of making estimates, drawing bridge plans, etc., allowing him in the winter an opportunity of increasing his finances by teaching school. Subsequently, Mr. A. Boody and Mr. A. Stone, Jr., purchased the Howe Patent for building bridges in New England, and A. B. Stone, then about nineteen years of age, made an engagement with the new firm. At first he was given the charge of a few men in framing and raising small bridges, but an opportunity soon occurred which enabled him to exhibit his capabilities in a most advantageous light. Messrs. Boody and Stone were constructing a bridge over the rapids of the Connecticut river at Windsor Locks, about fifteen hundred feet in length, in spans of one hundred and eighty feet. One day the superintendent, who had the immediate charge of the work, went to Mr. Stone and complained of being so ill that he was obliged to go home, and desired him to take temporary charge of the men.