Industrial Chicago Volume 4

Industrial Chicago Volume 4

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ...among the colonists--was in fact a leader among them, as shown by his having been commissioned to return to England in the. capacity of an envoy. lIr. Allerton's grandfather, Reuben Allerton, was a man of more than local distinction, and during the Revolutionary /Var served as a surgeon in the Continental army. The father of Samuel W. was also Samuel V., who, during a portion of his active life, followed mercantile pursuits, and in 1830, at Armenia, Dutchess County, N. Y., erected a comb factory and a woolen factory which himself and younger brother operated for about three years when they were forced to close out the business by reason of the financial crisis occasioned by a reduction of the tariff on manufactures. The loss and disaster were widespread, and the Allertons suffered with many others who needed the protection afforded by a national tariff on imports. After his business had thus been wrecked Mr. Allerton. Sr., resided at Armenia until 1837, when he went to Dubuque, Iowa, and engaged in the novel occupation of mining lead.-He was thus engaged but a short time, however, for the great national panic of 1837 involved all branches of business and in all directions financial disasters swept away the accumulations and fortunes of years. Having lost everything, Mr. Allerton returned to Armenia, N. Y., where he resumed his old occupation of merchandising. He was an intelligent, upright man, possessed of the courage of his convictions, but was unfortunate in having lived at a time when the business he followed was hampered and harassed by the meddlesome interference of the national law makers with conditions which had been previously profitable to manufacturing and mercantile enterprises. His wife, and the mother of the subject of this...show more

Product details

  • Paperback | 270 pages
  • 189 x 246 x 14mm | 485g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236981359
  • 9781236981356