Henry Chisholm
Henry Chisholm was a Scottish American businessman and steel industry executive during the Gilded Age in the United States. A resident of Cleveland, Ohio, he purchased a small, struggling iron foundry which became the Cleveland Rolling Mill, one of the largest steel firms in the nation. He is known as the "father of the Cleveland steel trade".
Early life
Henry Chisholm was born in Lochgelly, Fife, Scotland, on April 22, 1822. His father, Stewart Chisholm, was a mining engineer. The Chisholms were a respectable, lower-middle-class family, and Henry was educated in the local public schools. His father died when he was ten years old, and he left school at the age of 12 to take a position as an apprentice carpenter. He was elevated to journeyman carpenter at the age of 17, and moved to Glasgow.When he was 20 years old, Chisholm emigrated to Montréal, Québec, Canada. He arrived in the city practically penniless. He worked in Montréal as a carpenter and construction contractor until 1849, constructing various buildings and other works up and down the St. Lawrence River. He established his own construction business, which in time became one of the largest in the city.
Cleveland and the steel industry
In 1850, Chisholm won a contract to build a breakwater for docks of the Cleveland and Pittsburgh Railroad, which was in the process of completing its line into Cleveland and through the city to its rail yard on the shores of Lake Erie. The breakwater was completed in 1853, and Chisholm won several more contracts to build docks and piers in the city. By 1857, he had amassed a fortune worth $25,000.Cleveland Rolling Mill
What would, in time, become the Cleveland Rolling Mill was established by brothers and Welsh immigrants David and John Jones in 1856 to manufacture flat bottomed railway rails. The brothers ran out of money that same year, and shut down. Henry Chisholm and his brother, William, made a major investment in the Jones plant in 1857, and the company was renamed Chisholm, Jones and Co. The plant was expanded and began rerolling iron flanged railway rails into flat bottomed rails. In 1860, Amasa Stone and his brother, Andros, made a further investment in the company, which took the name Stone, Chisholm & Jones. The new capital enabled to firm to add a blast furnace and puddling plant, which opened in 1859. A second blast furnace was added in 1860. It was the first blast furnace to operate in the Cleveland region.On November 9, 1862, Stone, Chisholm & Jones reorganized and became the Cleveland Rolling Mill after receiving investments from Henry B. Payne, Jeptha Wade, and Stillman Witt. The company built a high, wide blast furnace in 1864 near the west end of what is now Saxe Avenue, and the following year erected its first Bessemer converter. This made the Cleveland Rolling Mill only the second Bessemer steel works in the United States.
Cleveland Rolling Mill expanded its presence in 1868 with the construction of the Newburgh Steel Works next to its existing plant. The new works included an open hearth Bessemer furnace; it was the first continuous open hearth Bessemer furnace west of the Allegheny Mountains and only the fifth such furnace in the nation. By the end of 1872, the combined Cleveland plants had two puddling mills; two blast furnaces; two Bessemer converters; a boiler plate mill; two rail and rod mills; a wire mill; and a bolt, nut, and spike manufacturing shop. The Newburgh plants were producing so much pig iron, cast iron, and steel that Cleveland Rolling Mill became one of the principal metalworks in the state.
Cleveland Rolling Mill continued to expand in the last two decades of the century. In April 1880, the firm issued new stock to double its capitalization, purchased the "Canal Tract" from John D. Rockefeller, built the Central Furnaces on the site from 1881 to 1882 In 1882, the firm erected a Garrett rod mill, the first of its kind anywhere in the world.
Other steel interests
In 1864, Chisholm purchased the Lake Shore Rolling Mill, an iron and steel works which had been constructed on the shore of Lake Erie at Wason Street.In 1871, Chisholm, Charles Crumb Jr., and five other investors, co-founded the King Iron Bridge Company. That same year, Chisholm founded the Union Rolling Mill of Chicago, and put his son, William, in charge of the plant. He also erected a rolling mill at Decatur, Illinois, which included two blast furnaces to furnish the Chicago plant with pig iron. Chisholm sold his interest in the Chicago firm in 1879.
To supply his mills with iron ore, Chisholm also invested in iron mines in Michigan, which in time employed more than 300 workers. His companies eventually controlled much of the raw material the mills used.
Steel legacy
Unlike fellow Scottish American immigrant and steel magnate Andrew Carnegie, whose career and Chisholm's mirrored one another, Henry Chisholm focused on eliminating waste in iron and steel manufacturing rather than lowering the cost of production. Chisholm pioneered the reuse of scrap in steel production. His plants were the first to successfully roll rods and wire from steel, and in 1871 his plants produced the first steel screws.At the time of his death, Chisholm's companies employed more than 8,000 people and were generating about $25 million a year in revenue.
During his life and since, Chisholm was called the "father of the Cleveland steel trade", and historians consider him the most prominent person in the history of the Cleveland iron and steel industry. Historian William E. Van Vugt has called Chisholm one of the most "outstanding" Scottish immigrants in American history both for his "historical significance" and for being one of the most successful at business.
Other interests
Henry Chisholm also invested heavily in bank and manufacturing stocks. He was elected a director at three of Cleveland's largest banks, including the Second National Bank.Chisholm was active in both religious and charitable affairs, and was a director of four charitable institutions in Cleveland.
Personal life
Chilsholm married Jean Allen of Dunfermline, Scotland, when he was about 17 years old. The couple had several children: William ; Catharine Arnot ; Stewart H.; Wilson B. ; and Janet. Two sons, Henry and Stewart, died in infancy; a daughter, Christina, died at the age of four.
Chisholm was a lifelong Baptist. He was a member of the Second Baptist Church of Cleveland. He and his friend and fellow church member, John D. Rockefeller, made the largest contributions when the church erected its new building in 1871.
Death
After a three week long unspecified illness, Henry Chisholm died at his home in Cleveland on May 9, 1881. Several hundred of the city's most important citizens attended the funeral, which was held at Chisholm's home. More than 4,000 employees of the Cleveland Rolling Mill filed past the home during the funeral.Chisholm was temporarily interred at Woodland Cemetery in Cleveland. A family mausoleum was constructed at Cleveland's Lake View Cemetery. The Chisholm family vault, which has 45 crypts, was the largest mausoleum at the cemetery.
Legacy
Henry Chisholm erected a Tuscan Villa style mansion at 408 Euclid Avenue in Cleveland. The mansion ranked among the city's finest homes. His neighbors included Samuel Livingston Mather Sr., John D. Rockefeller, Amasa Stone, and Jeptha Wade. This and other magnificent homes helped Euclid Avenue earn the nicknames "Prosperity Row" and "Millionaires' Row" for the large number of extremely wealthy people who lived on the street.In 1880, Alva Bradley commissioned a wooden, screw-driven freighter, which was named the SS Henry Chisholm in Chisholm's honor. The ship was lost on October 20, 1898, after hitting a reef near Rock of Ages Light off Isle Royale in Lake Superior. The wreck was placed on the National Register of Historic Places in 1984.
In November 1881, workers at the Cleveland Rolling Mill and citizens of Cleveland's 18th Ward began an effort to erect a statue in Chisholm's honor. A fundraising committee, led by local industrialists Jeptha Wade, John Walker, Joseph Perkins, William F. Thompson, and W.E. Way, raised more than $8,800 from 5,000 workers and citizens to build the monument. Cincinnati sculptor Charles Henry Niehaus was selected to design and sculpt the piece. Niehaus completed his work fairly swiftly, and exhibited a model in Cleveland in May 1882. The statue and bas-relief panels were cast by a Cincinnati foundry. The work was erected just inside the Euclid Avenue entrance of Lake View Cemetery on December 6, 1884. Senator Henry B. Payne and Ohio railroad executive John H. Devereux spoke at the unveiling. The memorial depicts a larger-than-life size statue of Henry Chisholm, his left hand resting on a small-scale model of a steel rolling mechanism. Bas-relief panels on three sides of the pedestal depict the conversion of iron ore into steel.