Cyrus Sullivan Clark
Cyrus Sullivan Clark
Cyrus Sullivan Clark (1875)
Born(1809-12-08)December 8, 1809
Minot, Maine
DiedJuly 28, 1880(1880-07-28) (aged 70)
Portland, Maine
Alma materWaterville College[1]
Occupation(s)Lumber dealer and manufacturer
Known forLumber industry in the Eastern Townships
SpouseCharlotte Cooley
ChildrenCharlotte Clark

Cyrus Sullivan Clark (December 8, 1809–July 28, 1880), together with George Benson Hall Jr. and the British American Land Company, were the largest participants in the lumber industry in the Eastern Townships of Quebec in the 19th century.

Biography

Personal life

Born in Minot, Maine, he attended Waterville College and graduated in 1828, becoming a grocer in Portland, Maine.[1] He later went into the lumber industry, involved in both manufacturing and dealing, and lived in Bangor, Maine for several years.[1] He moved to Portland in 1854, and lived there until his death.[1]

Business career

When the St. Lawrence and Atlantic Railroad was opened between Montreal and Portland in 1853, entrepreneurs from Montreal, Quebec City, New York City and Maine began to compete for berths around Lake Aylmer in order to replace Maine's declining lumber supplies.[2] By 1856, Clark had become the largest licence holder in the region,[lower-alpha 1] controlling 410 square miles (1,062 km2) of the total of 825 square miles (2,137 km2) of timber limits available.[2] He also owned 145,500 arpents (about122,947.5 acres (192 sq mi; 498 km2)) of land adjoining Lake Temiscouata and the Madawaska River, 19 licences on the Saint-Maurice River, and a town lot in Sherbrooke.[2]

Because of extra duties that were imposed[lower-alpha 2] on the export of unfinished logs in 1851,[3] Clark built a sawmill at Brompton Falls in 1854 that, at 23,310 square feet (2,166 m2), was the largest in North America.[4]

Because of cash flow problems in 1855, Clark, together with his partners W.H. McCrillis and Thomas Howe, transferred all their Canadian properties and licences to City Bank and the Bank of Montreal in trust. When the Panic of 1857 resulted in an oversupply in the US timber market, the banks auctioned off their debt, which John Henry Pope bought for $30,000.[5] Clark would later buy back the properties and licences from Pope in 1869, and Pope remained as the chief spokesman for the company afterwards.[5]

In 1872, the British American Land Company sold 99,833 acres (156 sq mi; 404 km2) to Clark, who purchased a further 7,901 acres (12 sq mi; 32 km2) from the company in the following year.[6] These holdings were approximately half the size of the Crown timber limits that he already possessed.[6] During the Long Depression of the 1870s, Clark would lose these lands as a consequence of a default on the mortgage on his properties, but would be able to repurchase 42,745 acres (67 sq mi; 173 km2) from the Eastern Townships Bank by 1879–80.[7] He would formally enter into partnership with Pope to form the Brompton Mills Lumber Company.[8][lower-alpha 3]

Further reading

  • Little, John Irvine (1989). Nationalism, Capitalism, and Colonization in Nineteenth-Century Quebec: The Upper St Francis District. McGill-Queen's University Press. ISBN 0-7735-0699-3.
  • Little, John Irvine (1986). "Public Policy and Private Interest in the Lumber Industry of the Eastern Townships: the Case of C.S. Clark and Company, 1854-1881". Histoire Social—Social History. University of Ottawa. 19 (37): 9–37.

Notes and references

Notes

  1. ↑ despite restrictions on how much land could be held in any given township[2]
  2. ↑ under An Act for the Sale and better Management of Timber upon the Public Lands, S.Prov.C. 1849, c. 30
  3. ↑ which would later, after several subsequent owners, be acquired by Kruger Inc.

References

  1. 1 2 3 4 Catalogue of the Sigma Phi: With the Thesaurus. Boston: Sigma Phi. 1890. p. 33.
  2. 1 2 3 4 Little 1989, p. 103.
  3. ↑ Defebaugh, James Elliott (1906). History of the Lumber Industry of America. Vol. 1 (2nd ed.). Chicago: The American Lumberman. p. 108.
  4. ↑ Little 1989, pp. 103–104.
  5. 1 2 Little 1989, p. 106.
  6. 1 2 Little 1989, p. 107.
  7. ↑ Little 1989, pp. 107–109.
  8. ↑ Waite, P.B. (1982). "Pope, John Henry". In Halpenny, Francess G (ed.). Dictionary of Canadian Biography. Vol. XI (1881–1890) (online ed.). University of Toronto Press.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.