In the Spring of 1855, when the coal trade of Cleveland was, comparatively, in its infancy, and before the Mahoning Railroad was built, the late Oliver H. Perry and David W. Cross set about investigating the coal deposits in the Mahoning Valley, which resulted in their making some leases of coal lands, and in purchasing a coal tract of about one hundred and fifty acres, known then as the old Heaton coal bank, of Mineral Ridge coal. In January, 1856, Perry, Cross & Co. commenced operations in earnest, opened an office and coal yard on Johnson & Tisdale's dock and mined and brought to Cleveland the first cargo of Mineral Ridge coal. It came by the way of the Pennsylvania and Ohio canal from Niles, Trumbull county, Ohio.

At that time, when a gold dollar was only worth a dollar, the coal was mined at forty cents per ton, the canal freight about one dollar and seventy-five cents per ton, "dead work," handling, dockage, &c., about seventy-five cents, making the total cost of that coal on the docks in Cleveland ready for delivery, about two dollars and ninety cents per ton.

This mine produced about a hundred tons per day. The company that year also received about eight thousand tons of Briar Hill or "block coal" from Powers' bank, about two miles below Youngstown. This coal was also brought in by canal boats.

In the year 1859, Hon. Henry B. Payne, who had an interest in the original purchase of coal lands, with a view of establishing his son, Nathan P. Payne, in business, bought the entire interest of Mr. Perry in the concern and the business was continued in the name of D. W. Cross & Co. Mr. N. P. Payne, then an active young man just from his collegiate studies, took charge of the retail trade, and Isaac Newton had charge of the books. In 1860, arrangements were made with the late Lemuel Crawford to run his Chippewa and Briar Hill mines in connection with the Mineral Ridge mines, and it resulted in forming the company known as Crawford, Cross & Co., for one year, at the expiration of which time the firm of Cross, Payne & Co., composed of D. W. Cross, Nathan P. Payne and Isaac Newton, carried on the business. This firm made extensive explorations for coal. They discovered and opened the Summit bank coal mines, near Akron, built a locomotive railroad three miles long to the canal at Middlebury, and to the Cleveland & Zanesville and Atlantic & Great Western railroads; repaired the feeder canal from Middlebury to Akron, built a basin capable of holding eight canal boats, extensive shutes, docks, &c., capable of handling four thousand five hundred tons per day. This coal tract includes between three and four hundred acres. The coal is a superior quality of the Massillon grade, about four and a half feet thick, and for steam, manufacturing and domestic uses is claimed to have no superior. The company employed at this mine from seventy-five to a hundred and fifty men; built extensive shaft works for elevating coal to the surface; erected about forty comfortable tenements for the workmen and miners, and, in short, used all their past experience to make this a model mine. It is the nearest coal bank to Cleveland now open.

They also, in connection with the late W. A. Otis, Charles A. Otis and James Lewis, leased and purchased several hundred acres of coal lands in Brookfield, Trumbull county, Ohio, and opened the extensive works known as the Otis Coal Company's bank.

A shaft on this tract was sunk to the coal eight by sixteen feet and a hundred and fifty-five feet deep, in sixty-one days by Isaac Halford, superintendent, through solid rock, said to be the quickest work ever known in the valley. This tract produces an excellent quality of the Briar Hill grade of coal; a locomotive railroad connects it with a branch of the Mahoning Railroad, and the works are capable of mining and raising three hundred tons of coal per day.

In February, 1867, Mr. Cross retired from the business, and the present firm of Payne, Newton & Co., composed of N. P. Payne, Isaac Newton and Charles J. Sheffield, now carry on the extensive business of the entire concern. They have ample facilities for mining and handling five or six hundred tons of coal per day.

After the completion of the Cleveland & Mahoning Railroad the Pennsylvania and Ohio canal was abandoned, the Railroad Company having obtained control of the stock, and fixed so high a tariff as to cut off all competition with themselves. This effectually killed the canal, except that portion between Akron and Kent. The active trade on this part of the Pennsylvania and Ohio canal will insure its preservation, and as it is an important feeder (supplying water and trade) to the Ohio canal, the State will undoubtedly take possession of it. The capital invested by this concern in the coal trade is about $250,000.

Since his retirement from the coal trade, Mr. Cross has been actively interested in the Winslow Car Roofing Company and the Cleveland Steam Gauge Company, both carrying on their manufactories in Cleveland.