Friedrich Weyerhäuser

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Friedrich Weyerhäuser
Born November 21, 1834
Nieder-Saulheim, Rheinhessen
Died April 4, 1914(1914-04-04) (aged 79)
Pasadena, California, United States
Resting place
 Chippiannock Cemetery
Rock Island, Illinois
41°28′54″N 90°34′40″W / 41.48167°N 90.57778°W / 41.48167; -90.57778Coordinates: 41°28′54″N 90°34′40″W / 41.48167°N 90.57778°W / 41.48167; -90.57778
Nationality German–American
Other names Frederick Weyerhaeuser
Known for Founder of the Weyerhaeuser Company
Religion Presbyterian[1]
Spouse(s) Sarah Elizabeth Bloedel
Children John, Elise, Rudolph, Frederick, Apollonia, Charles, Margaret
Signature

Friedrich (Frederick) Weyerhäuser (November 21, 1834 in Nieder-Saulheim, Rheinhessen – April 4, 1914 in Pasadena, California[2]) was a German–American timber mogul and founder of the Weyerhaeuser Company, which owns saw mills, paper factories, and other business enterprises, and large areas of forested land. He is the eighth richest American of all time, with a net worth of $72.2 billion in 2006 dollars.[3]

Biography

Friedrich was one of 11 children of Johann Weyerhäuser and his wife. The family supported itself by working a 15-acre (6.1 ha) farm and a 3-acre (1.2 ha) vineyard. Friedrich started attending the Protestant school of Nieder-Saulheim when he was 6, and at 8 began helping on the farm. When he was 12, his father died, and Friedrich had to give up most of his studies to help out on the farm. The Revolutions of 1848 in Germany prompted several members of his family emigrate to western Pennsylvania in the United States. They sent back glowing letters describing the conditions they found.[4]

In 1852, at the age of 18, Weyerhäuser emigrated with a group of his family from Germany to the United States. They landed in New York City in July and proceeded to Pennsylvania, settling at North East. Frederick went to work for an earlier immigrant in a brewery. After two years, he abandoned the brewing business, because, as he expressed it, he felt that a brewer “often becomes his own best customer.” He then worked on a farm for a year.[4]

His share of the funds from the sale of the family farm in Germany enabled him to move on further west in search of opportunity, and 1856 found him in Rock Island, Illinois, working on the construction of the Rock Island and Peoria Railroad. After a short time, he entered the sawmill of Mead, Smith and Marsh as a night fireman, quickly moving up to tallyman and then yard manager and salesman. When the company opened a new yard in Coal Valley, he was sent to manage it. Though his yard prospered, the firm got into financial difficulties, and with savings from his salary Frederick bought the business.[4][5] Thus he began doing business under his own name.[4]

With his brother-in-law, Frederick Denkmann, he formed the Weyerhaeuser-Denkmann Lumber Company and began to acquire interests, including some majority interests, in many other timber companies.[6] He became the central point in what was later called the "Weyerhauser Syndicate," a network of lumber interests, "reputed to have almost a hundred partners, none of whom knew the business of the others," with Weyerhaeuser as the common link.[2] In 1872, he established the Mississippi River Boom and Logging Co., an alliance that handled all the logs that were processed on the Mississippi River. In 1900, Weyerhäuser bought 900,000 acres (3,600 km2) of timberland in the Pacific Northwest from James J. Hill and founded the Weyerhäuser Timber Company. One of the 30 factories in which he held an interest was Potlatch, later Potlatch Corporation. He also owned interests in the Boise Cascade Corporation. The Weyerhaeuser Company is still the world’s largest seller of timber.

In 1906, Weyerhäuser's business concerns entered the public eye when the Interstate Commerce Commission recommended to Congress that the lumber industry be investigated for possible anti-trust violations. Weyerhäuser ignored the resulting attention.[2]

Weyerhäuser married Sarah Elizabeth Bloedel on October 11, 1857. The couple had seven children: John P. Weyerhauser, Elise (Weyerhauser) Bancroft Hill, Margaret (Weyerhauser) Jewett, Apollonia (Weyerhauser) Davis, Charles A. Weyerhauser, Rudolph M. Weyerhauser, and Frederick E. Weyerhauser.[7]

In thanks to his home community, in 1904 he established a music hall in Saulheim.[8]

Weyerhäuser was buried in the family mausoleum in Chippiannock Cemetery in Rock Island, Illinois.[9] Weyerhäuser was inducted into the U.S. Business Hall of Fame in 1978.[10]

See also

References

  1. ↑ "Frederick Weyerhaeuser". Soylent Communications. Retrieved 2011-04-25. 
  2. ↑ 2.0 2.1 2.2 "F. Weyerhaeuser, Lumber King, Dead". New York Times. April 5, 1914. 
  3. ↑ "The All-Time Richest Americans". Forbes.com. 
  4. ↑ 4.0 4.1 4.2 4.3  Homans, James E., ed. (1918). "Weyerhaeuser, Frederick". The Cyclopædia of American Biography. New York: The Press Association Compilers, Inc 
  5. ↑ "WEYERHAEUSER, Frederick (1834-1914)". German American Corner. 
  6. ↑ "Frederick E. Weyerhaeuser House, 3052 10th Avenue". City of Rock Island, IL official web site. 
  7. ↑ "Weyerhaeuser, Frederick". Access Genealogy. Taken from Biographical History of Rock Island, Illinois. 
  8. ↑ "Zur Geschichte der Sängerhalle" (in German). 
  9. ↑ "Frederick Weyerhaeuser". Find A Grave. 
  10. ↑ "Frederick Weyerhaeuser, Weyerhaeuser Co.". Junior Achievement. 

Further reading

  • Healey, Judith Koll. Frederick Weyerhaeuser and the American West (Minnesota Historical Society Press; 2013) 256 pages; scholarly biography

External links

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