Documents Relating to the Origin And Work of the Slater Trustees 1882 to 1894
Documents Relating to the Origin And Work of the Slater Trustees 1882 to 1894
Ind English Club Fort Wayne
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" The mill was named Ponemah in 1871. My father was one of the executive committee with Moses Pierce and Lorenzo Blackstone, and was also President of the company from its organization until his death. He took a deep interest in this enterprise, and gave it a great deal of personal attention, visiting the mill when at home about once a week. I think I may justly say that a material part of its success has been due to his counsel and prudence. He was interested in a great variety of enterprises,... manu- facturing, railroad and miscellaneous. He was not a speculator. 22 MEMORIAL SKETCH OF JOHN F. SLATER. ami 1 tliink 1 may cuiilidL'ntly say never bought, even in his earlier days, a share of stock on a margin. In his later days, when his eredit was almost limitless, it was never his custom to buy, and so far as 1 am informed he never did buy stocks with money advanced on his credit, but always waited till he had the money accumulated and waiting investment. Of course, he sometimes made mistakes and lost large sums, but he bore these losses with equanimity.
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