The firm of Hanna, Garretson & Co. has already been mentioned. The second member of the firm, while it existed under that name, Hiram Garretson, came like the others from Columbiana county, where he had been brought up, although not a native of the county. Mr. Garretson was born in York county, Pennsylvania, his parents being respectable members of the Society of Friends. When he was very young the family removed to Columbiana county, Ohio, where the senior Garretson opened a country store in New Lisbon. Hiram was sent to school, receiving a good district school education, and was then taken into his father's store as clerk, in which occupation he remained until he was nineteen years old. At that age he left home and engaged in trade on the rivers, taking charge of a trading boat running from Pittsburgh to New Orleans. This class of boats has not yet entirely passed away from the Ohio and Mississippi rivers. The villages along the river banks were small and badly supplied with stores, depending mainly for their supplies on the coasting boats. These are rudely constructed craft, well stocked with merchandise of all kinds, that drop leisurely down the river, tying up at every village or place where there is probability of a trade, and remaining there as long as the stay can be made profitable, then passing on to the next. When New Orleans has at last been reached, the boat is sold to be broken up for its materials, and the trader returns by steamer to get ready for another voyage down. It was in business of this description that Mr. Garretson engaged for a time, and in his voyages down the river and dealings with all sorts of people in different States, he acquired a valuable knowledge of business and men that has stood him since in good stead. At length he tired of this kind of trading and returned to New Lisbon, and carried on a moderately successful business until the Winter of 1851. At that time a marked change came over the fortunes of New Lisbon. Up to that period it had been a flourishing business place, its advantages of location on the canal in a fertile district, making it one of the best places of trade in that portion of the State. But the construction of Fort Wayne and Cleveland and Pittsburgh Railroads effected a great and disadvantageous change in the business of New Lisbon. The Fort Wayne road passed it a few miles north, and the Cleveland and Pittsburgh road ran about an equal distance west. Thus New Lisbon was cut off from all the commercial cities, and found its sources of supply tapped at every point by the railroads. Realizing the fate that had overtaken the town, Mr. Garretson, at the opening of the year 1852, closed up his affairs in Columbiana county and removed to Cleveland. There he became associated in business with Messrs. Leonard and Robert Hanna, and the firm of Hanna, Garretson & Co. was established. The successful operations of that firm have already been chronicled in these pages, and it only remains in this place to note the fact, that to the success achieved, the energy and uprightness of Mr. Garretson contributed in full proportion. The partnership lasted nine years. On its dissolution Mr. Garretson established the house of H. Garretson & Co., on Water street, with a shipping house on the river. The business of the new firm was exactly similar to that of the old one, including a wholesale grocery trade, with a Lake Superior commission and shipping business. A line of fine steamers was run to Lake Superior, and the high reputation Mr. Garretson enjoyed among the people of that section of country, enabled him to build up a very large business in supplying their wants. In addition, the new firm found customers rapidly increasing in northern and western Ohio, in Michigan, and in other adjoining States. The operations of the firm extended rapidly until it stood, at the close of the year 1867, among the very foremost in the amount of its annual sales, whilst the business was eminently a safe and solidly successful one. On the first of November, 1867, Mr. Garretson sold out his wholesale grocery business, and thus closed a mercantile career extending in this city over sixteen years. His attention was then turned to banking. No sooner had he retired from mercantile life than he projected and organized the Cleveland Banking Company, which went into operation under his presidency February 1st, 1868, with a capital of three hundred and twenty-five thousand dollars. It immediately found all the business it was able to do, and under the skillful management of Mr. Garretson it has become one of the most reliable and important financial institutions of the city. It can truthfully be said of Mr. Garretson, that his success in business has been owing not more to his shrewdness and foresight than to his mercantile honor and social qualities. He made personal friends of his business customers, and by courteous attention, as well as by scrupulous regard for their interests, retained their good will and secured their custom. In all the relations of business and social life, Mr. Garretson has uniformly borne himself in such manner as to win the respect and confidence of those brought into contact with him. |