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SHORT
STORIES
By: C. D. B.
NOTED MEN
WHO WENT FROM SOUTH POINT
BRIGHT CAREER OF GEN. SAM THOMAS.
Ironton Register, June 30, 1887
Compiled by:
Sharon M. Kouns
EDITOR REGISTER. - Lawrence County has the
honor of sending out into the business world a class of shrewd
business men of whom she may feel proud. As your correspondent
looks out over the great industrial field of the Hocking Valley
with its great deposits of coal and iron, its blast furnaces and
railroads, being a Lawrence Countain himself, he feels proud in
boasting that the sons of old Lawrence have played a very
important part in the development of this region and that in other
sections of this great business world. Lawrence Countians
attaining a world wide celebrity.
From the vicinity of the little village of South Point,
O., opposite the mouth of the Big Sandy river there have gone out
into the business world, the Greens, Churchills, Davidsons,
Johnstons and Thomases, men who have made themselves famous as far
seeing, energetic business men, some of whom are reputed as
possessing the finest business ability abounding in the country.
They, as a class of men, were not by any means reared to
manhood in ease and wealth. They had little else than lots of
courage, ambition, and brains with which they launched out on the
tide of the business world, and how well they have succeeded in
their operations will be noted further along.
The two noted men of the above class are General Sam
Thomas and Commodore W. F. Davidson, the latter recently deceased
at St. Paul, Minn., leaving a property estimated at three million
dollars in value. Davidson started in life on the deck of an Ohio
river steamboat as a roustabout, a poor boy, and at his death was
at the head of one of the largest steamboat corporations in
America. He was an indefatigable worker and handled his immense
business until within a few hours of his death.
General Sam Thomas started out in a business life on
Raccoon Creek in Vinton County, at the old Keystone charcoal
furnace, at work in the office or at anything else at which he was
called on to lend a hand. In those days, the product of Keystone
was carried to the Ohio in flat boats during high freshets. The
stream was crooked and the current was very rapid, so the voyage
to the Ohio was attended to with much danger to life and property.
Of the pilots in that line of boats, young Thomas was said to be
the most daring and successful in every voyage going into port
with boat and cargo in good condition.
At the outbreak of the rebellion Thomas laid aside the pen
and steering oar and enlisted in the army, going in with a
Lieutenancy and at near the close of the war being made Brigadier
General. After the war he was associated with the Greenes and
Churchills at Zanesville in the furnace and rolling mill business.
From Zanesville he went to Columbus as the head of The
Columbus Rolling Mill Co. While in Columbus he was elected a
member of the City Council and showing a marked ability in
financiering, was placed at the head of the Finance Committee.
Being at the head of this Committee he was brought into contact
with the financial world of New York and in negotiating city
loans, he became acquainted with Wall Street bankers and, by his
shrewd dealings, recommended himself to them with whom he has
since done business to the amount of many millions on his own
account.
General Thomas's first railroad venture was in the
Springfield, Jackson & Pomeroy - a narrow gauge road, built by
Springfield and Waverly parties. It had hardly been completed when
the two factions among its owners began to lay their plans to "do
each other up." The road became involved and fell into the hands
of Mr. Thomas and was made a standard gauge and sold out at a
handsome profit, and is now known as the Ohio Southern, operated
in the interests of the I. B. & W. The profits on the Ohio
Southern gave Thomas a taste for more railway deals of the same
kind, and the Ohio Central road, running from Corning to Toledo
was the next to fall into the hands of Thomas and party. This road
they took up in a bankrupt condition, improved it and let it go at
a big profit.
The New York, Chicago & St. Louis R. R. known as the
"Nickel Plate" was begun by Thomas Syndicate which at this time
had its headquarters on Wall-st., New York. This road was started
to compete with the Vanderbilt line. Mr. Vanderbilt fearing the
competition of the new line to his Western System of roads at once
set about to negotiate the purchase of the "Nickel Plate," and got
it, while it is said Gen. Thomas alone put down in his pockets a
cool million on this scheme.
After the Nickel Plate scheme, Thomas and party took
another twist at the Ohio Central and extended that road from
Corning to Charleston, W. Va. They let this extension go also, not
loosing anything by the transaction.
Last Spring the Lake Erie & Western, through judicial
sale, fell into the hands of Thomas. It runs through the Ohio and
Indiana gas belt and the Lima oil fields and terminates at
Bloomington, Ill. and is a first-class connected road.
The railroad operations of General Thomas and party in
the South are very extensive. They have control of the East Tenn.
Va. & Ca. road and in all, command fifteen hundred miles of road
in the South, the system tapping the great iron regions of Tenn.,
Alabama and Georgia.
Into the far North, they also extend their operations
having recently purchased the Marquette & Mackinaw road and are
building along the North shore of Lake Superior, a new line to the
Atlantic at Duluth. In the West, they have opened up the Santa Fe
and Northern road in New Mexico with the intention of extending it
North into Colorado connecting with a system of roads they control
there. They also control the Metropolitan National Bank of New
York, a bank from which they used to negotiate loans before their
enterprises became so stupendous as now.
Some years ago when Geo. I. Seney of New York, reputed to
be worth $20,000,000 failed it was reported that General Thomas
had lost heavily by the failure, he at that time being in Europe
on railroad business the report being current that he had left
blank checks for Seney's use and that Seney had drawn on him for
$2,000,000.
Seney some years ago, commanded a mint of money and was
the financial backer of the Thomas party in their first gigantic
railroad schemes. Be the report however, true or not, the Thomas
party have stood by Mr. Seney in his adversities, and his fortune
is now retrieved, he being worth a couple million. Thomas is
credited on Wall Street, New York, with a fortune running between
fifteen and twenty million dollars, while his intimate associates
in business have also acquired immense fortunes.
Thomas has recently purchased the Summer estate of the
late Henry Ward Beecher for $250,000 which is located on the
Hudson near Fishkill. In my next, I will say something of other
Lawrence Countians. C. D. B.
Gore, O., July 20.
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