Jacob F. Schoellkopf

Jacob Friedrich Schoellkopf
Born Jakob Friedrich Schöllkopf
(1819-11-15)November 15, 1819
Kirchheim unter Teck, Baden-Württemberg, Germany
Died September 15, 1899(1899-09-15) (aged 79)
Buffalo, New York
Resting place Forest Lawn Cemetery
Nationality American
Occupation Business magnate
Spouse(s) Christiana T. Duerr
Children Henry, Louis, Arthur, Jacob, Alfred, C. P. Hugo and Helena
Parent(s) Gottlieb Schoellkopf
Christina Maier

Jacob Friedrich Schoellkopf (November 15, 1819 – September 15, 1899) was a pioneer in harnessing the hydroelectric power of Niagara Falls.

Early life

Jacob F. Schoellkopf was born on November 15, 1819 in Kirchheim Unter Teck,[1] a small town in the kingdom of Wurtemberg, Germany. He was the son of Gottlieb Schoellkopf and Christina Maier. He was educated in the town schools and at the age of 14 began learning about tanneries with his father, a large leather manufacturer, who had learned the trade from his father.[2]

Career

After completing five years of apprenticeship, he became clerk at a mercantile house in Strassberg where he worked for two years. In 1841, he decided to try leave Germany and try his fortune in the United States. He landed in New York City at 22 years old in December 1841,[1] and was "totally unacquainted with the English language."[2]

Tannery

He started working in New York City and after two years, headed West to earn more. In 1844, with $800 (equivalent to $21,000 in 2016) of capital loaned to him by his father,[3] he moved to Buffalo, New York to begin his own business in a small leather store which he established in Mohawk Street.[2]

In 1844, he purchased a small tannery at Whites Corners (Hamburg), Erie County. In 1846, he started a sheep skin tannery in Buffalo. In 1848, he built a tannery in Milwaukee, Wisconsin, in association with his cousin Frederick Vogel and the firm, "G. Pfister & Co."[4]

In 1850, he became interested in the Chicago firm of "C. T. Gray & Company," operating a tannery there which continued until 1856. From 1853-54, he established tanneries at Fort Wayne, Indiana, and North Evans, New York, operating the latter for 20 years, and in 1857, he made his first large investment outside the tanning business, erecting the "North Buffalo Flouring Mills," which proved so profitable that he continued his investments with flour mills, ultimately becoming one of the largest operators of flouring mills in the Empire State.

In 1870, he bought the "Frontier Mills of Buffalo," and later erected extensive mills in Niagara Falls, New York. He did not retain many of these interests long after setting them up. His approach was to ensure they were successful and sell them at a profit to enable him to seek out new outlets for his increasing capital. However, he owed the later milling and tanning interests until his death, some being held in his own name and others as senior of the milling firm of "Schoellkopf & Matthews."[2]

Hydroelectric Power

Schoellkopf Power Station No. 3 Site in 2008

In 1877, when the Niagara Falls Canal Company went bankrupt, Schoellkopf purchased the hydraulic canal at Niagara Falls at auction for $71,000,[1] (equivalent to $1,597,000 in 2016) in order to develop a plan for utilizing the power of the Niagara river. The canal was later conveyed to a corporation known as The Niagara Falls Hydraulic Power & Manufacturing Company, which by 1882 was the first company to generate electricity from Niagara Falls.[2]

He improved the canal and put the powerhouse to commercial use. In 1881, the company completed Schoellkopf Power Station No. 1 (which would operate until 1904).[5] By 1882, Schoellkopf had seven mills along the high bank (the top edge of the Niagara Gorge north of the American Falls) all producing power from the hydraulic canal[1] which made Schoellkopf incredibly wealthy.[2] In 1891, Schoellkopf Power Station No. 2 opened directly in front of the original, in the gorge below Niagara Falls, with a higher 210-foot (64 m) drop. In 1904, the company built Schoellkopf Stations No. 3A and 3B.[5] Schoellkopf was president of the company at the time of his death,[2] after which each son found a place in Schoellkopf’s various business ventures.[4]

The Niagara Falls Hydraulic Power & Manufacturing Company was later shortened to "The Hydraulic Power Company," and during World War I, the company was consolidated with the Niagara Falls Power Company, owned by Edward Dean Adams,[1] under the latter name, but with the Schoellkopf interests predominating, an enterprise involving some $62,000,000 (equivalent to $987,199,000 in 2016).[2]

Schoellkopf, Hartford & Hanna Co. works in Buffalo, New York, formerly the Schoellkopf Aniline and Chemical Works, ca. 1908.

Following the formation of the Niagara Falls Power Company in 1918, Schoellkopf Jr. was elected chairman of the board for the corporation, a position that he held for eighteen years. Jacob Frederick III, Paul Arthur (the son of Arthur Schoellkopf), and other third-generation members of the family also continued to be involved as directors and stockholders of the company. In 1929, they organized the Niagara Share Corporation as a trust for all the stock owned by family members. The company continued to hold stock in the power utility until 1956.[4]

Other business ventures

In 1867, he was on the Board of Directors for "Buffalo German Insurance Company" along with Henry Persch and William Hellriegel. He served as the vice president of the "Third National Bank of Buffalo",[4] and was on the boards of "Merchant Bank of Buffalo", "The German Bank of Buffalo" and "Farmer and Merchant's National Bank." In 1879, Schoellkopf started the "Schoellkopf Chemical and Dye Company" for his two sons.[1] In 1882, he was president of Buffalo's Board of Trade.[1] In the 1880s and 1890s, he served as a trustee for the Bank of Niagara and the Power City Bank, both in Niagara Falls, New York. He also held the presidency and served as a director for the Citizens’ Gas Company of Buffalo along with serving as vice president of the Buffalo, New York & Philadelphia Railroad. Lastly, he served as a trustee for the Buffalo General Hospital.[4]

Personal life

The Schoellkopf Family

In 1848, Schoellkopf married Christiana T. Duerr, who was also born in Germany and came to the United States in 1842. Four of his children died in infancy and two suffered health problems and died within two years of their father.[4] Their children who lived to adulthood were:

Schoellkopf died "one of Buffalo's wealthiest and best known citizens"[7] in Buffalo, New York on September 15, 1899.[2] Christiana died four years later on October 13, 1903.[3]

Legacy

The Schoellkopf Mansion, built in 1882, at Delaware Avenue and Allen Street in Buffalo, New York

The Schoellkopf's lived in a large mansion at 553 Delaware Avenue at Allen Street on the southeast corner. Their daughter, Helena, who married Hans Schmidt, and their three children lived in the mansion until they moved to a new mansion in Derby, New York in 1918. The house was sold to Harlow C. Curtiss, who transformed the home into a boarding house.[3]

See also

References

  1. 1 2 3 4 5 6 7 LaChiusa, Chuck. "Jacob F. Schoellkopf". buffaloah.com. Retrieved 21 October 2015.
  2. 1 2 3 4 5 6 7 8 9 10 Williams, Edward T. (1923). Official Record of the Niagara Falls Memorial Commission. Niagara Falls, NY. Retrieved 21 October 2015.
  3. 1 2 3 4 Dunn, Edward T. "The Family Mansion of Jacob F. Schoellkopf". wnyheritagepress.org. Retrieved 21 October 2015.
  4. 1 2 3 4 5 6 7 8 Schwantes, Benjamin; Hornung, Juliane. "Jacob Frederick Schoellkopf (1819-1899)". immigrantentrepreneurship.org. German Historical Institute. Retrieved 25 October 2015.
  5. 1 2 "History - 25-Hz At Niagara Falls - End of an era on the Niagara Frontier, Part I". IEEE Power Engineering Society. Retrieved 2015-10-24.
  6. Pool, William (1897). Landmarks of Niagara County, New York. Niagara County: D. Mason & Company. p. 423. Retrieved 21 October 2015.
  7. "Jacob F. Schoellkopf". The New York Times. September 17, 1899. Retrieved 21 October 2015.
  8. O’Sullivan, Dr. Mary. "Jacob F. Schoellkopf Medal". acs.org. Retrieved 25 October 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.