Portland and Rumford Falls Railway Issued to Hugh J. Chisholm

Description: Stock Issued to and signed twice by Hugh J. Chisholm. Hugh Joseph Chisholm I (May 2, 1847 " July 1, 1912) was a Canadian industrialist who later became a citizen of the United States. He was born in Chippawa, Ontario, to parents of Scottish ancestry. His early years as an entrepreneur in the news distribution business provided a foundation for his later accomplishments in the pulp and paper industry. His founding and leadership of pulp and paper, fibre-ware, and light and power companies as well as banks and railways made him a dominant figure in Maine industry. His legacy went beyond his reputation as a capitalist, however; he created the first forest management program for International Paper Company and developed a planned community for the workers in his mills which was a model for the nation. Hugh J. Chisholm was the fifth of ten children of Alexander Chisholm and Mary Margaret Phelan of Niagara-on-the-Lake in Ontario, Canada. He attended school there until he was thirteen, when his fathers death made it necessary for him to leave school to help support the family. In Toronto, he found employment as a newsboy distributing newspapers to passengers on the Grand Trunk Railway and the steamboats, where he made friends with Thomas Edison, who was a newsboy on a nearby line. An entrepreneur from an early age, Chisholm soon began buying his own copies of the papers, rather than selling them as an agent for another company. As his earnings grew, he was able to attend business classes at the Commercial College of Bryant and Stratton. In 1861, his brother joined him and formed Chisholm Brothers, which distributed papers over much of Canada and the Northeastern United States. By the time he was sixteen, he was able to buy out his former employer, hiring over two hundred newsboys to sell papers, magazines and books to railway and steamboat customers. This company developed into Chisholm Brothers Publishing in Portland, Maine. With his knowledge of what customers were reading, Chisholm Brothers began printing travel guides and founded a lithograph company in Portland, Maine, moving to half-tone photographs and then eventually, in 1888, to picture postcards. Chisholm became a U.S. citizen and moved to Portland in the mid-1870s. After a foray into patenting and manufacturing fibre-ware products, Chisholm became interested in paper and pulp, and, with other capitalists whom he interested in his projects, started several pulp and paper companies in western Maine, including the Umbagog Pulp Company; Otis Falls Pulp and Paper Co.; Rumford Falls Paper Company, Somerset Fibre Company the Oxford Paper Company, the Rumford Falls Sulfite Company; the Continental Bag Company and, with the Hon. William A. Russell co-founded the International Paper Company in 1896. The Otis Falls Pulp Company mill in Jay, built in 1888, was then the third largest paper mill in the country. The Oxford Paper Companys mill in Rumford began producing paper in 1901, and subsequently produced all postcards for the Unite Item ordered may not be exact piece shown. All original and authentic.

Price: 115 USD

Location: Portsmouth, New Hampshire

End Time: 2024-12-16T17:34:25.000Z

Shipping Cost: 6.25 USD