William Earl Dodge and the Phelps Dodge lumber barony

A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors

Part 1 : Colonial and Mercantile America	Part 2 : America in the Gilded Age
Part 3 : America in the Twentieth Century	Encyclopedia of American Wealth
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Part I-Chapter 6 : Early industrialists > William Earl Dodge : « Previous 1 - 2 - 3 - 4 - 5 - 6 Next »

William Earl Dodge and the Phelps Dodge lumber barony

… The purchase of the Stowell & Dickinson operations in Manchester on the Pine Creek Pennsylvania, Phelps Dodge & Co and its leading partners sustained sizeable investments in the lumber business. The Stowell & Dickinson properties included four saw mills, a gristmill and 25'000 acres of timberland. They were completed by a substantial gang saw mill, Hezekiah Stowell built at Marsh Creek Mills, and for which he accepted subsequent contracts with Phelps and Dodge to saw and raft 500'000 feet of lumber per year. Stowell managed the Manchester Mills until 1851, when he retired to a farm, selling his remaining properties to Phelps Dodge for 12'000 $. Peter Dickinson became Phelps Dodge's leading lumber agent and executive …

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