In 1849, he was instrumental in the formation of the Akron Stove Company, into which the firm of Myers, Cobb & Co. merged. At the first meeting of the stockholders Mr. Myers was chosen general agent, in which position he remained with signal profit to the stockholders, until February 1st, 1859. This, though a small company, was one of the most successful stock companies ever formed in this part of the country. Business continued to expand, causing the company to enlarge its facilities for manufacturing from time to time, and their products were sold through Ohio, Michigan, Indiana, and other Western States. The fact that the stock at the time he retired from the company sold for from four hundred to five hundred per cent, above par value, after declaring liberal dividends from time to time, speaks more plainly of its unparalleled success than anything we can say, and is the best compliment that could be paid to the energy, enterprise and business capacity of its retiring manager.
After a time, the stove business required his whole attention, and the machine branch was sold out to one of the other partners; he then bent all his energies to the invention and perfection of the stoves, and the vigorous prosecution of the business of the company. After conducting the business of the company ten years, he felt the want of a larger field for enterprise, cast around for the most eligible situation, and finally concluded that Cleveland was destined to be a great stove centre. Resigning the management of the company February 1st, 1859, but retaining most of his interest, he came to Cleveland and started an individual manufactory, at the same time connecting with the stove business the wholesaling of tin plate, sheet iron, &c., which was conducted with such energy that a large trade was attracted to Cleveland that had previously been given to other markets.
The rapid development of business, the demand upon his time in the manufacturing department, and the need of extended facilities induced Mr. Myers to associate with him Messrs. B. F. Rouse and James M. Osborn, who now form the firm of Myers, Rouse & Co. Since the present firm has existed they have built a new foundry, of large capacity, with all the modern improvements, on West River street, which is now taxed to its full capacity to meet the wants of their trade.
The increase of the stove manufacturing of the city is estimated to have been full four hundred per cent. in ten years, and has fully justified Mr. Myers' estimate of the natural advantages of Cleveland as a manufacturing point.
This firm has patented a variety of new stoves that have become very popular, and hence remunerative, among which are the Eclipse, in 1850, soon followed by the Golden Rule and Benefactor, the last named having obtained a most remarkable sale, and the name itself become a household word throughout the country, and, in 1868, the celebrated Princess stove.
Of course, close attention to the wants of the country in this direction for about one quarter of a century, has given Mr. Myers a very valuable experience, which he is continually turning to account to the benefit of the public and his own enrichment. The shipments of this firm are to nearly all the markets in the northwest, reaching Council Bluffs and Omaha.
Mr. Myers is now numbered among the most successful business men of the city, and his success has been achieved in a department that has added very materially to the progress of the city. The large number of men employed, and the still larger number put into requisition in the production of the material required for the uses of the manufactory, and to supply the needs of the men, have added to the population and wealth of Cleveland.
Although so much engrossed in business since coming to Cleveland, Mr. Myers has found time to be active in many benevolent movements. For thirty years he has been a useful member of the Baptist church. His Christian labors have been generously given to the Sunday schools and mission work, and he is at this time superintendent of the First Baptist church Sunday school of this city.
Mr. Myers is now forty-nine years old, with a vigorous physical constitution and strong mind, that give promise of very many years of usefulness still to come.