SHARES.	AMOUNT
Calvin Austin David Clendennen John Ford Turhand Kirtland John Kinsman, Sr Simon Perkins, Sr William Rayen Asahel Adams, Sr. Seymour Austin John Andrews John Brainard William Bell, Jr Adamson Bentley Mary Bentley David Bell Oliver Brooks Richard. Brooks David Bell Benjamin Bentley, Jr John Leavitt Lydia Dunlap John Doud Charles Dutton Ann Jane Dutton Edward Draa Dan Heaton Francis Freeman Otis Guild Lois Guild Jerush a Guild Peter Hitchcock John B. Harmon Ira Hudson Benjamin J. Jones Thomas G. Jones Jared Kirtland Abraham Kline Samuel King Charles King Samuel Leavitt Henry Lane Wheeler Lewis Lambert W. Lewis	200 200 300 300 Boo 300 300 20 20 20 4 50 20 20 20 20 10 12 2 25 8 20 75 25 4 20 25 20 5 10 10 20 20 10 20 20 30 40 20 40 20 20 20	$ 5.000 5,000 7,500 7,500 20,000 7,500 7,500 500 500 500 100 1,250 500 250 500 500 250 300 50 650 200 500 1,875 625 100 500 625 500 125 250 250 500 500 250 250 500 750 1,000 500 I,000 500 500 500

	SHARES	AMOUNT
Comfort S. Mygatt Calvin Pease Laura G. Pease George Parsons Francis M. Parsons Ephraim Quinby James Quigley Samuel Quinby Nancy Quinby Plumb Sutliff Samuel Tyler Tryal Tanner Mary Tanner John E. Woodbridge Elisha Whittlesey Fanny Weatherby Josiah Whetmore Henry Wick David Webb James Hezlep E. T. Boughton Robert Montgomery	100 20 10 20 5 100 20 20 20 20 50 8 2 20 10 5 4 60 4 20 12 50	2,500 500 250 500 125 2,500 500 500 500 500 1,250 200 50 500 250 125 100 1,500 100 500 300 1,250

The first board of directors was composed as follows: Simon Perkins, Turhand Kirtland, Francis Freeman, John Ford, William Rayen, Calvin Austin, Comfort S. Mygatt, Calvin Pease, Henry Wick, Leonard Case, David Clendennen, William Bell, Jr., and Richard Hayes. General Simon Perkins was chosen president, and remained in that position until he 1esigned in 1836. Zalmon Fitch was chosen to the position of cashier. On November 24, 1813, the business of this corporation began in a house at one time used by Robert Erwin as a store. This was the only gambrel-roofed house ever built in Warren, and it stood on the east side of Main street, north of where McQuiston's grocery now stands. What was known as the old Western Reserve Bank building was erected in 1816 and 1817, upon the lot now occupied by the beautiful structure of the First National bank. The lot formerly belonged to Mrs. Justus Smith, of whom it was purchased. The Western Reserve bank, original capital of $100,000, was latterly increased to $300,000, being nearly the present capital of the First National. It went into liquidation in December, 1843, the charter having been extended from 1816 until that time. In July, 1845, it was reconstructed under the independent banking law, and extended until 1866. Although among the first banks chartered in the State, it was the only one that continued 254 - TRUMBULL AND MAHONING COUNTIES, OHIO. solvent until the end of the State Bank organization. Mr. Fitch, the cashier, was promoted to the presidency April 5, 1836, to fill the vacancy, caused by General Perkins' resignation. Ralph Hickox succeeded to the cashiership. Mr. Fetch resigned the presidency January 21, 1838, and was succeeded by George Parsons, who held the office till the close of the business existence of the bank, a period of a quarter of a century. George Tayler succeeded Mr. Hickox after the death of the latter in 1840. Mr. Tayler remained cashier through the existence of the Western Reserve bank, and was chosen to the wine position in the First National, which succeeded in 1863: In the year 1814 business was seriously prostrated and capital embarrassed as a result of the war. Banks all over the country suspended specie payments, this one with the others being compelled to yield to the pressure for a few months. In 1836 another general panic paralyzed business. A second time the aid Western Reserve bank was forced to suspend specie payments, but resumed as soon as the New York banks resumed. A few weeks later the New York banks suspended a second time, but the Western Reserve continued paying specie until a general suspension caused by the war. An incident is told which shows the good credit of this bank in x8x6. Banks were allowed at that time to issue paper circulation based upon coin reserve. Much of this paper was received by the United States bank chartered by Congress, and in 1816 Mr. Thaw, as agent for the National bank, started through the West with a wagon making settlements and requiring many banks, especially doubtful ones, to resume their paper. This operation had the effect of dosing up many Western concerns. On the collector's arrival at Warren he proceeded at once to the bank and called for a balance of accounts, at the same time presenting a large amount of paper for redemption. He was promptly informed that the bank was ready for settlement and that the specie was ready for the balance. The settlement was at once made, but Mr. Thaw concluded to leave the specie balance where it was. After the passage of the National banking act of 1863 the directors decided to wind up its business under the State charter, which would have expired in 1866, and to take out a charter under the new National law. The following is quoted from a Cleveland paper: Fifty years are not many, but it is a long life for a bank to live and then die an honest death. In these days of financial inflation and contraction, monetary chills, and monetary fevers, which exhaust and collapse, a bank, being a soulless corporation, may not seem entitled to an obituary notice. But the case of the Western Reserve bank, with which so many of the old-school men have been connected, seems exceptional. This corporation, through its halt-century career, has not only made good quarterly returns, on paper, but has deservedly enjoyed a good repute among men. The Western Reserve bank has really gone out of existence. It seems it did not wait the expiration of its charter, Although it did not take its own life, yet it was so anxious to depart and be at rest that it sort of "gin out," consenting not for its own sake, but out of pure regard for others, to keep breathing until it should legally expire in May, 1866. We give all the directors with the date of thei1 election: Simon Perkins, Turhand Kirtland, Francis Freeman, John Ford, William Rayen, Calvin Austin, Henry Wick, Leonard Case, Comfort S. Mygatt, Calvin Pease, David Clendennen, William Bell, Jr., and Richard Hayes, elected in 1813; Adamson Bentley, 1814; Charles Dutton and Samuel W. Phelps, 1815 ; Samuel Leavitt, John Kinsman, and Samuel Quinby, 1817; Dillingham Clark, 1820; Leicester King, 1824; Jared P. Kirtland, 1825; David L King, 1826 ; Seabury Ford, 1829; William Quinby, 1831 ; Daniel Gilbert, 1834 ; Asahel Adams, 1835; Simon Perkins, 2d, and Frederick Kinsman 1836; Ralph Hickox, 1839; Henry Kirtland; 1840; Elisha Whittlesey, Seth Hayes, and Lemuel Wick, 1841 ; Joseph Perkins, 1845; Ralsa Clark, 1847 ; Jacob Perkins and Henry Wick, Jr., 1848; Matthew B. Tayler, 1849; Samuel L. Freeman, 1852; Henry B. Perkins, 1853; John Hutchins, L. J. Iddings, 1855; G. O. Griswold, and B. P. Jamison, 1859. FIRST NATIONAL BANK. An organization with the above title was effected in July, 1863, under the National Banking act of 1863. The capital stock was placed at $125,000, with privilege to increase to any amount not exceeding $300,000. At the first election of officers the following directors were chosen: Samuel Quinby, Frederick Kinsman, L J. Iddings, B. P. Jamison, M. B. Tayler, H. B. Perkins, and J. H. McCombs. H. B. Perkins was elected president, and at a subsequent meeting, George Tayler was elected cashier. Books and business under the new charter were TRUMBULL AND MAHONING COUNTIES, OHIO - 255 opened September, 14, 1863. In May, 7864, Matthew B. Tayler was chosen to the position of cashier, George Tayler having deceased. The bank increased its capital stock in March, 1865, to $z00,000, and in 1868-69, erected a large three-story block, on the site of the old building, in which business had been conducted for half a century. The capital stock was further increased in 1872, to $300,000, the limit fixed by its charter. A serious loss was sustained in November, 1880, in the death of M. B. Tayler, the cashier. In January, 1881, J. H. McCombs was chosen to fill the place thus made vacant.. Mr. McCombs had previously filled the office of vice president. Of the first directors of this bank, four are dead : Samuel Quinby, died February 4, 1874; L. J. Iddings, March 5, 1879; B. P. Jameson, June 10, 1876 ; M. B. Tayler, November 23, 1880. The present board of directors are : H. B. Perkins, Frederick Kinsman, William R. Stiles, Edward A. Smith, Junius Dana, Thomas Kinsman, and J. H. McCombs. THE TRUMBULL NATIONAL BANK was started January I, 1866, ex-Governor David Tod being one of the original movers in the enterprise, and his family now has quite an interest in it. The original officers were Charles Smith, president; Kirtland M. Fitch (who was succeeded by the present officer, Edward C. Smith), cashier. The directors are Harmon Austin, Charles Smith, Henry W. Smith, John M. Stull, G. 0. Griswold, Warren Packard, and S. W. Park. The capital stock, $150,000, is divided between thirty- five shareholders. The bank has a surplus of $31,000. THE SECOND NATIONAL BANK was organized May 16,1880. The officers then chosen were D. J. Adams, president; A. Wentz, vice-president; K. M. Fitch, cashier. The directors were, K. M. Fitch, C. A. Harrington, R. W. Ratliff, A. Wentz, I. 0. Hart, L. F. Bartlett, E. Finney, Mr. Brown, I. N. 0. Lynn, D. J. Adams, A. A. Drake. The stock taken was $100,000, $100 being the amount of each share, and there being in number eighty members representing several millions of dollars. HOTELS. To meet the demands of the traveling public, upon. motion of T. S. Edwards as a. suitable per son "to keep a house of public entertainment" Mr. Ephraim Quinby was recommended to Governor St. Clair. In the May .term (1801) it was ordered that license be given Mr. Quinby upon the payment by him into the county treasury of the sum of $4. This was the first license taken out, and evidently less expensive than was expected, for the court ordered that $12, which Mr. Quinby advanced at the time of his application, should be returned to him. In August, 1801, Mr. James Scott also received a license " to keep a public house of entertainment," but neithe1 he nor Mr. Quinby opened regular inns. They merely entertained strangers with such fare as they had themselves. John Leavitt took boarders as early as 1801. He lived on Smith's corner, but did not receive a license until 1803, when he opened a regular hotel. This was the first house in the town, and was also the first house that could boast of a brick chimney. It was situated on the corner of Main and Market streets, and was the grand hotel of the town for many years, the successors of Mr. Leavitt being Jesse Holiday, John Reed, Andrew McKinney, and Horace Rawdon, from whom about 1836 Messrs. H. W. & C. Smith purchased the property. There was also a Leavitt house on the west side of Main street, near the present depot building, that was used for many years as a hotel. This property was afterwards known as the Walter King place. The house and store of Asahel Adams, who came to Warren in 1803, was built in an early day and known as the Franklin house. The house was built on the corner of Park avenue and Market street, and is still standing. Old Uncle Billy Williams kept hotel in this house for a long term of years. Cyrus Bosworth, who came to Warren in 1811, had purchased of John Love one half of lot thirty-three, containing one-fourth acre, April 2, 1817, and erected the National hotel, the present building now known as the Park hotel, and owned by Clark and Hedding. The successors of Bosworth to this property are John Love, William Fearing, Benjamin Towne, Almon Chapman, Phineas Chase, George Parks (December 1, 1879), who erected the present addition, and Clark Hedden. The new Crescent hotel was started by Messrs. 256 - TRUMBULL AND MAHONING COUNTIES, OHIO. Fusselman & Stone in 1874, and afterwards purchased by the former, C. F. Fusselman, who still owns the property. It has a good frontage of fifty feet, is two stories in height, and contains commodious apartments for parlors, sleeping-rooms, etc. The Austin house was one of the original houses of Warren, and was formerly a frame 'structure and simply a boarding-house. It was kept by Francis Freeman, and under his management lawyers and the public generally attending court would stop there. The Clifford hotel was originally a store-room and used by Mr. Kamp as a hotel, was sold in 1866 to Mr. Gilmore, who kept it for four years and then sold it to Mr. D. C. Thompson, and after some years it was purchased by Jennie Smith, the present owner, and is now under the management of J. P. Pancoast. It has thirty- five bed-rooms, and is 85 x40, with an addition of 37x35. MANUFACTURING. Mr. Benjamin Stevens, born in Litchfield county, Connecticut, l0th of July, 1788, came to the Reserve in 1816, and after making a tour to Chillicothe on horseback, from Cleveland, and also seeking elsewhere, came to Warren in July of that year and purchased a carding machine of Levi Hadley, who had used the machine during the previous summer. Mr. Thomas Wells was was then contemplating the erection of a manufactory for cloth; Mr. Stevens also bought out Mr. Wells' interest and put in operation an establishment for making satinet and fulled cloth. This was the first establishment of the kind in Warren, although a carding machine had been in operation in Youngstown. The site of Mr. Stevens' building was near the west end of the bridge across the Mahoning river, and at the foot of Market street. Mr. Stevens afterward purchased a machine and a shuttle in Pittsburg, and associated with himself in the business his brother Augustus, who remained in partnership with him for many years. The original building was burned down in 1826, and they then removed further down into a brick building, but the dam, built in 1839, drowned them out, and they again moved, going to where the VanGorder property is, into, a building still standing. The manufacturing of wool into cloth was afterwards carried on by Horace Stevens, a nephew, until 1868, when Mr. R. P. McClellan bought out all interests. Mr: McClellan's mill was burned on the 3d of May, 1881, his loss being complete. He has re-established himself on the original site, just west of the Mahoning bridge. He has now a complete set of manufacturing machinery. The furniture establishment of Truesdell & Townsend had its origin in 1845 with the firm of Truesdell & Hitchcock. The building was then a frame, two stories high, 20 X 40 feet on Main street, near the Mahoning depot. In 1847 Mr. Hitchcock retired, and in 1859 G. T. Townsend, who had been in the furniture business in Girard for eighteen years previous, became a member of the firm, and the next yea1 a small factory owned by them on Fulton street was burned, which was immediately rebuilt and enlarged. The original being one story, was replaced by a two story frame, having double the capacity. In 1867 the store on Main street was burned, followed in two weeks by the burning of the factory on Fulton street. Sixteen thousand dollars' worth of property was thus destroyed, on which there was an insurance of only $4,000. New buildings were erected, three in number, two stories high. The store was then moved to the frame on Main street, and in 1869 two doors below, 0ccupied by John Waldeck. In 1873 the store, three stories, 22 x 95 feet, was built. The consumption of lumber for chairs, bedsteads, bureaus, stands, tables, etc., is over one hundred thousand feet yearly. They give employment to twenty men, having a pay-roll of about $275 per week. Their goods are almost wholly of their own manufacture, and they do a wholesale and retail business. Edward Spear fitted up machinery in 1848 on the corne1 of Market and Pine streets, for the manufacture of doors, sash, and blinds. In 1854 it was removed to its present site an Canal street. Spear & Son had it in charge until 1862, when it was sold to Warren Packard. It was destroyed by fire in 1872. It was rebuilt by McBerty & McCormick, who occupied it until 1876, when W. B. Payne took possession August 21, 186. Two members of the present firm of H. C. Reid & Co. commenced work alone in a small way on the corner of Park avenue and Fulton street in 1865, with two lathes and one planer. TRUMBULL AND MAHONING COUNTIES, OHIO - 257 Next year they bought a stove foundry adjoining, and in three years they had a force of ten hands and a capital of $18,000. At this time they were burned out, but the works of Hill & Medbury, corner of Park avenue and South streets, were purchased at an expense of $14,000, and a force of twenty-five men employed. In 1873 the works were again burned, by a drunken moulder who lost his place, but this fact was not known until all trace of him was lost. The loss this time was about $50,000, on which there were but $20,000 insurance. Mr. Reid, after some time, built again, increased the number of hands to fifty. The main building is 40 x 90 feet, three stories high; the foundry is 40 x 80, one-story, twenty feet in height. The buildings are all brick, with slate roof. The machine-shop is well equipped, with a numbe1 of planes, lathes, drills, saws, etc., etc., and numerous minor fixtures. They buy carloads of coal and iron weekly, to the amount of thousands of dollars, and which goes directly to the 1emuneration of laboring men. The Warren Machine works was established about the year 1850, under the superintendence of W. H. Hall. It was in a frame building, occupying the lot on which the present works are located. Important changes were made from time to time until 1878, when the concern was purchased by Judge Kinsman, and is now controlled by his son, F. Kinsman. The main structure of these works is of brick, two stories high, go x 40 feet in size. The foundry department is a one-story brick, 4ox 60 feet, while the boiler shop is 20 feet square. They employ from twenty to twenty-five men. These works are now among the largest industries of the city. The C. Westlake Rolling-mills originated about twenty years ago, in a steam-hammer, operated by Mr. Packard, who did a large business for the oil trade. The increase of business induced Packard & Co. to build furnaces. This was in 1871, when the company built in all six puddling furnaces and an eighteen-inch train-roll, but in 1873 the firm failed and the mill was sold to William Richard, who increased the puddling furnaces in number to sixteen, and added two heating furnaces, one ten-inch train of rolls. In 1877 the mill was partly burned, and in 1879 bought by Covington Westlake, who is now manager and proprietor. Mr. Westlake has added link and pin machinery, of which he manufactures two tons per day. He makes all sizes of muck bar, and also manufactures finished iron in large quantities. The business gives employment to abont one hundred and seventy-five men. The manufacturing company of Camp & Randall stood among the largest establishment of the kind in the State. The large mill burned down in the summer of 1881, after the company had just refitted it and put in new machinery at a cost of some $20,000. The business to which we refer was originally started by Mr. D. W. Camp in 1859, and continued until 1867, when Mr. J. F. Randall became a partner. In 1878 a joint stock company was formed with a capital of $200,000. The firm in Warren operated flouring and bagging mills. At Farmington, in this county, they have a flax mill, at which they make a part of the tow used for bagging at the Warren mill. They have also a brick flax mill at Richmond, in this State, with a large frame warehouse connected with it. This place is used as a purchasing depot for grain used at the Warren mill. In 1830 Messrs. Davison & McCleery started a carriage manufactory. They seldom had more than three or four hands, and after a few years they dissolved, each doing business for himself. About 1845 H. C. Belden became a partner with McCleery, and he continued at the head of the firm for twenty-four years, at times employing thirty to fifty hands, and having a pay-roll footing up from $50 to $60 per day. This was in the period embraced from 1855 t0 1865, after which date he seldom employed more than twenty men. In 1869 two of his employes, Messrs. Belden and Goist, bought out the establishment, keeping the full force until 1874, when Mr. Goist sold out. Mr. Drenner is now sole proprietor. He keeps three forges in blast, employs two woodworkers, one trimmer, and five painters, and uses over $20,000 worth of stock yearly, the bulk of this expense being in the painting and trimming department. He keeps the best of Norway and common iron, and wood, and manufactures wagons and vehicles of every description. The manufactory embraces four buildings, the blacksmith shop, the wood shop, the warerooms, and the paint shop. The buildings are large and commodious, and are well 258 - TRUMBULL AND MAHONING COUNTIES, OHIO. equipped with all needful machinery of every description. Barden & Corbin, manufacturers of and dealers in buggies and carriages, are an enterprising firm, started up since June, 1880. They give employment to about fifteen men, and are doing a good business. The first attempt made in Warren to establish a steam saw and gristmill was made about the year 1838, by Liberty Reymond. The experiment proved a failure. Daniel Derr was more successful about twenty years later. He built a mill and distillery, but the latter was closed by the whiskey tax. in 1861. The mill did a remunerative business until it was destroyed by fire in 1869. After the canal was built the old VanGorder mill, commonly known as the "lower mill," Was removed to its present site. It is now owned and operated by A. & G. VanGorder, and is the only flouring establishment in Warren. WEBB'S OPERA HOUSE was built by A. D. Webb, in the year 1861, and was known for a long time, as Webb's hall. The destructive fire in 1860 burned out most of that street, at which time Mr. Webb bought. this lot, and erected a substantial three-story brick block, 45 x 98 feet, having stole rooms below and office rooms in front, on the second floor. The opera hall proper, has a seating capacity, of about six hundred, has a stage 20 X 16 feet, with necessary scenery. INSURANCE. The citizens of Trumbull county, as early as the year 1830, realized the benefits arising from insuring against loss by fire, and about that time the Trumbull Fire Insurance company was established, with George Parsons as president and Jacob H. Baldwin as secretary. By an old policy issued by this company, November 28, 1832, the property of Roswell Stone, of Warren, was insured against loss by fire, to the amount of $1,100, $800 on his dwelling house situated on lot number six, in the town plat of Warren ; $100 on his law office on the north side., adjoining the dwelling; and $200 on the urniture of his office and house. This company was a stock affair, having a capital of about $30,000. They did a close business for a few years, and then closed out In 1843 The Trumbull County Mutual Fire Insurance company was organized, but the great fire which occurred in Warren in 1846, left the company in such a depleted condition that about fifty-two cents on the dollar was paid, and this amount only after some litigation had ensued. Of this company, Lewis J. Iddings was president, Jacob H. Baldwin was secretary, and T. J. McClain treasurer. In addition to these attempts, a farmers' company in Lordstown township is running on a limited scale, as is also the Grangers, who organized a few years ago, having John Dunlap as -president and William Thomas, of Kinsman, as treasurer. About the year 1846, the eastern companies commenced operations, and established agencies at Warren. Charles Pease was the first agent. T. J. McLain also started about this time carrying a full line of companies. Among that list may be mentioned the Liverpool, London & Globe, The Phcenix, and others. In 1857 Mr. Whittlesey Adams embarked in the business and has been a successful agent during all the years since that time, and is doing a large business. Swager & Post have also been successful in the business during these many years. D. R. Gilbert and John W. Taylor represent some good companies and are doing an active business. Mr. T. J. McLain is now the oldest representative in this department of business, and represents a good list of insurance houses, as do Whittlesey Adams and others. By an examination of the county auditor's report for 1880, the amount of money this county paid out to foreign companies alone, for that year will be found to aggregate the net sum of $15,635.21. This is exclusive of the amount paid to any other but foreign insurance companies. It is due to the business men of Warren that further mention should be made of their public spirit and liberality exercised in procuring railroad facilities. The Cleveland & Mahoning railroad was substantially a Warren enterprise, The project originated and was set on foot here, and it was mainly Warren determination, backed by Warren capital, that carried it to successful completion. We have seen that when an exhausted treasury seemed to threaten failure and total tins to all who had invested in stock, TRUMBULL AND MAHONING COUNTIES, OHIO - 259 three of the Warren directors—Jacob Perkins, Frederick Kinsman, and Charles Smith—togethe1 with three of their associates—David Tod, of Youngstown, Reuben Hitchcock, of Painesville, and Dudley Baldwin, of Cleveland, made themselves personally responsible for the floating debt, never less than $500,000, and at times reaching almost $1,000,000. Through the able management and fidelity of the directors, all stockholders, both heavy and light, were not only fully repaid, but reaped large dividends. The stock sold at twenty per cent. premium in 1863, and a dividend of fifteen per cent. had previously been declared. While Warren business men were yet embarrassed with the burden of debt incurred by the Mahoning road, the managers of the Atlantic & Great Western railroad began to push work on their line. The directors were disposed to resent Warren's failure to make liberal donations fo1 the road by locating their line three miles north of the city. The survey had been made and work was about to be commenced when the injurious effects of such an action began to be anticipated by capitalists and business men. A subscription was at once started and right of way donated for a distance of six miles, together with ample depot grounds in the city. In addition to this gift of property worth at least $16,000, $24,000 in cash was presented to the company in consideration of running the road through Warren. It was expected, of course, that the company would provide at least comfortable depot facilities. Upon this point Judge Kinsman, in a communication to the Chronicle, says: Instead of occupying the depot grounds for depot purposes, they built a shanty for freight and passengers on the right of way, remote from the depot grounds, but located so that every train stopping blocked one of our leading streets, and proves a great and dangerous annoyance. Very soon after the building became very rickety and too small for freight, and a new freight building was located on the remote corner of the depot grounds donated, and a new passenger shanty was built, much less, and not as good as the first, but on the same ground, about twenty-five rods from the depot grounds donated. This building was erected by Sweetzer, superintendent, at the same time with a freight depot on the old canal bed. Soon after the new Atlantic & Great Western freight depot was burned, and its place was supplied by the removal of the freight depot built by Sweetzer on the old canal bed, west of town, and on the then Mahoning branch, supposed to have been done to keep some other projected road from occupying that location. The donated grounds are now occupied by that freight depot and several shanties in use by the trackmen and employes of the road, not giving a very tidy or comely appearance. After the location and completion of the road and transfer of the Mahoning road, an effort was made to connect the Mahoning branch at that point and remove the connection at Leavittsburg to Warren, to connect here with the main line of the Atlantic and Great Western railroad. A plan was matured and the company engineer laid out about eighteen acres of ground, which was secured, and a subscription of about $10,000 made to carry out that object. A resolution of the board was passed and recorded on the company's books at New York, that they would accept the proposition of the citizens and transfer the connection from Leavittsburg to Warren. About two months after this arrangement the road failed, and went into the hands of Jay Gould and others. The arrangement was placed before them and they looked over the ground, but took no action upon it, and it failed from want of attention by the company. Warren gave $50,000 to the Ashtabula road, or rather subscribed that amount in stock, which is now worthless. It will be seen that $90,000 has been given to railroads, from which no direct return has been realized. Liberal assistance has been given private enterprises, many of which failed. The capitalists of few cities can show a better record than those of Warren, when compared on the basis of liberal expenditure for the public good. If growth latterly has been slow and unsatisfactory, the blame cannot be laid upon business men or capitalists, but it is not difficult to find a satisfactory reason.