Four years later the commercial earthquake came and toppled over the whole fabric of trade and commerce in the West, reducing it to ruins. The entire West was devastated, and Ohio City received a blow from which, as a separate municipality, it never recovered. Among the others who suffered greatly by the disaster was Mr. Sheldon.
In 1842, he sold out his drug business, and went into the employ of another firm as an accountant, continuing in that position about two years. From this he went into business on his own account once more, this time dealing in groceries and provisions, which he continued to trade in until 1846, when he was attracted to the lumber trade, which he entered, in partnership with S. H. Fox. Four years later he disposed of his interest in the firm, and operated in lumber on his own account, not keeping a yard, but buying and selling by the cargo. In 1852, the firm of Sheldon & French was formed, a lumber yard opened, and the firm continued until the failure of the health of Mr. C. French. For a year after this event Mr. Sheldon carried on his business alone, and then took into partnership his son, Edward P. Sheldon, the firm becoming Sheldon & Son.
In April, 1869, the firm of Sheldon & Son merged into that of S. H. Sheldon & Co., being comprised of S. H. Sheldon & Son, and Sears & Holland, of East Saginaw, Mich.
The lumber trade of the city has been, generally, one of steady growth, and Mr. Sheldon's share in it has been of that character. It developed gradually, as the city grew in size and importance, and as the demand from the interior increased with the growth of towns and villages on the lines of canal and railroads. The beginning was small, and the earlier years of its progress full of difficulties, but in the end the trade reached large and lucrative proportions. Its highest point of prosperity was during the war, when the establishment of permanent camps through the State created a sudden and extensive demand for lumber, to build the numerous camp buildings. At that time the only perplexity of the lumber dealer was to find a supply sufficient for the demands pressing in from all quarters, for certain qualities.
[Illustration: Yours Truly, S. H. Sheldon]
From lumber to ship building is an easy transition, and Mr. Sheldon, five or six years since, became interested in lake craft, and added a fine three masted schooner to the lake marine. With the growth of manufactures in the city, he became interested in that direction also, connecting himself with the Etna Iron and Nail Works enterprise. He also took a deep interest in the formation of the People's Gas Company, for the supply of the West Side with gas, being one of the original supporters of the organization, and at present one of its directors.
In all his undertakings Mr. Sheldon has kept steadily in view the necessity of industry and economy, and it is the practice of these two mercantile virtues that has brought about his success. One trait of his business character is peculiar. He has, so far as possible, avoided recourse to law, holding the doctrine that, in most cases, when a debt could not be collected without the aid of a lawyer, it was not worth spending money for. In religious principles Mr. Sheldon is a Congregationalist, and has been connected for more than thirty years with the First Congregational Church, and during most of this time has discharged the duties of deacon, serving the church with fidelity and acceptance, in this official position. He has been identified with Sabbath school labors, as teacher and superintendent, and to his zeal and liberality the Detroit street Mission Sabbathe school largely owes its prosperity, and its present commodious chapel. In every Christian enterprise Deacon Sheldon has been among the foremost. No benevolent cause, whether local or general, has appealed to him in vain for pecuniary support, or Christian sympathy and countenance.
In 1836, Mr. Sheldon was married to Miss Cordelia H. Buxton, of Cleveland, a descendent of the English Buxtons, of philanthropic memory. Of the family of six children, one, the eldest, Henry A. Sheldon, died in 1842. The only surviving son became a partner with his father in 1866.
Charles Hickox.
Whether the conversion of wheat into flour can more properly be classed among manufactures or trade and commerce is a question for casuists to determine. There can be no question, however, that Charles Hickox takes his place, by right, among the merchants and commercial men of Cleveland, whether the grinding of wheat be a manufacture or not, for it is not alone by the milling business that Mr. Hickox has identified himself with the commerce of the city. He has gone through all the phases of Cleveland commercial life, having been connected with the produce and commission trade, owned lake vessels, and otherwise qualified himself for a place among the merchants and "river men," aside from the business in which he is widely known--that of an extensive mill owner.