*** Welcome to piglix ***

Jeptha Wade


Jeptha Homer Wade (August 11, 1811 – August 9, 1890) was an American industrialist, philanthropist, and one of the founding members of Western Union Telegraph. Wade was born in Romulus, New York, the youngest of nine children of Jeptha and Sarah (Allen) Wade. He made the first Daguerreotypes west of New York, was a portrait painter, and moved to Adrian, Michigan in 1840 before developing an interest in the telegraph.

In 1847, he was subcontractor for J.J. Speed and constructed a telegraph line from Detroit to Jackson, Michigan, where Wade and his son operated the telegraph office. He also connected Detroit, Michigan to Buffalo, New York Cleveland to Cincinnati (Cleveland and Cincinnati Telegraph Company, the Wade Line), and others.

Wade moved to Cleveland, Ohio in 1856 and built a mansion on Euclid Avenue along Millionaires' Row. He and his family also commissioned the Cleveland firm of Hubbell & Benes to design several residences, commercial and public buildings.

In 1856 he helped Hiram Sibley consolidate most of the telegraph industry by forming Western Union through a series of acquisitions and mergers. In 1861, Jeptha Wade joined forces with Benjamin Franklin Ficklin and Hiram Sibley to form the Pacific Telegraph Company. The company's formation completed the linkage between the east and west coast of the United States by telegraph. Wade became president of Western Union in 1866. A year later he resigned because of ill-health and sold his interests to Jay Gould, and William Orton succeeded to the presidency of Western Union. He was nominated by the Democratic Party for Representative of Ohio's 18th congressional district in 1864, but lost. He was an incorporator of the Cleveland Rolling Mill Company and the Citizens Savings and Loan Association (becoming its first president), became president of National Bank of Commerce, and served on the board of directors of eight railroads.


...
Wikipedia

...