Business & Finance: Centenary

Andrew Jackson was President when the Brothers Cooper, Charles and Elias, went into business at Mt. Vernon, Ohio with a pair of horses as capital. They traded the off horse for equipment to build a small cupola iron foundry, kept the near horse to hoist ore to the top of the cupola. The iron was made into heavy castings for carding machinery, sawmills, farm implements. Last week Cooper-Bessemer Corp., direct descendant of the Coopers' cupola foundry, celebrated its centenary. Nearly submerged in the panic of 1837, the Coopers were prospering in the early...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!