Jacob Perkins.

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Jacob Perkins was born at Warren, Trumbull county, Ohio, September 1st, 1822, being next to the youngest of the children of Gen. Simon Perkins, one of the earliest and most prominent, business men of norther Ohio, a land agent of large business, and the owner of extensive tracts of land. In his early years Jacob Perkins developed a strong inclination for study, acquiring knowledge with unusual facility, and gratifying his intense passion for reading useful works by every means within his power.

He commenced fitting himself for college at the Burton Academy, then under the direction of Mr. H. L. Hitchcock, now president of Western Reserve College, and completed his preparation at Middletown, Connecticut, in the school of Isaac Webb. He entered Yale College in 1837.

While in college he was distinguished for the elegance of his style and the wide range of his literary acquirements. He delivered the philosophic oration at his junior exhibition, and was chosen second editor of "Yale Literary Magazine," a position in which he took great interest, and filled to the satisfaction and pride of his class. His college course was, however, interrupted by a long and severe illness before the close of his junior year, which compelled him to leave his studies and (to his permanent regret) prevented him from graduating with his own class. He returned the following year and was graduated with the class of 1842.

He entered his father's office at Warren, and was occupied with its business until, upon the death of his father, some two years afterwards, he became one of his executors.

During his residence at Warren he appeared occasionally before home audiences as a public speaker, and always with great acceptance.

In politics, he early adopted strong anti-slavery principles, then not the popular doctrine, and they were always freely and openly advocated. Of an address delivered in 1848, which was published and attracted very considerable local attention, the editor of the Chronicle remarked, "We have listened to the best orators of the land, from the Connecticut to the Mississippi, and can truly say, by none have we been so thoroughly delighted in every particular as by this effort of our distinguished townsman." The oration discussed the true theory of human rights and the legitimate powers of human government--and the following extract gives the spirit of his political principles on the subject of slavery:

The object of law is not to make rights, but to define and maintain them; man possesses them before the existence of law, the same as he does afterwards. No matter what government may extend its control over him; no matter how miserable or how sinful the mother in whose arms his eyes opened to the day; no matter in what hovel his infancy is nursed; no matter what complexion--an Indian or an African sun may have burned upon him, this may decide the privileges which he is able to assert, but can not affect the existence of his rights. His self-mastery is the gift of his creator, and oppression, only, can take it away.

Without solicitation he was nominated and elected a member of the Convention that framed the present Constitution of Ohio. His associates from the district were Judges Peter Hitchcock and R. P. Ranney, and although "he was the youngest member but one of the Convention--and in the minority, his influence and position were excelled by few."

He was one of the Senatorial Presidential Electors for Ohio on the Fremont ticket in 1856.

In the intellectual progress of the young about him, and the building up of schools and colleges, he took especial interest. He first suggested and urged upon President Pierce to adopt the conditions of the present "Permanent Fund of Western Reserve College," rather than to solicit unconditional contributions, which experience had proved were so easily absorbed by present necessities, and left the future as poor as the past. In connection with his brothers, he made the first subscription to that fund. The embarrassment arising from his railroad enterprise prevented him from increasing that contribution. The wisdom of his suggestions was subsequently shown, when, during the rupture and consequent embarrassment under which the college labored, the income of this fund had a very important, if not vital share in saving it from abandonment, and afterwards proved the nucleus of its present endowment.

He was always efficient in favoring improvements. He was associated with Hon. F. Kinsman and his brother in founding the beautiful Woodland Cemetery at Warren. The land was purchased and the ground laid out by them, and then transferred to the present corporation.

Soon after his return from the Constitutional Convention, he became interested in the Cleveland and Mahoning Railroad. He was most influential in obtaining the charter and organizing the company, of which he was elected president, and became the principal, almost sole financial manager.

Owing to prior and conflicting railroad interests, little aid could be obtained for his project in either of the terminal cities, Cleveland and Pittsburgh, and the work was commenced in 1853 with a comparatively small stock subscription. A tightening money market prevented any considerable increase of the stock list, or a favorable disposition of the bonds of the road, and the financial crisis a few years afterwards so reduced the value of the securities of this, as of all unfinished railroads, as practically to shut them out of the market. In this emergency the alternative presented itself to Mr. Perkins and his resident directors, either to abandon the enterprise and bankrupt the company, with the entire loss of the amount expended, or to push it forward to completion by the pledge, and at the risk of their private fortunes, credit, and reputations.

In this, the darkest day of the enterprise, Mr. Perkins manifested his confidence in its ultimate success, and his generous willingness to meet fully his share of the hazard to be incurred, by proposing to them, jointly with him, to assume that risk; and agreeing that in case of disaster, he would himself pay the first $100,000 of loss, and thereafter share it equally with them.

With a devotion to the interests entrusted to them, a determination rarely equalled in the history of our railroad enterprises, they unanimously accepted this proposition, and determined to complete the road, at least to a remunerative point in the coal fields of the Mahoning Valley.

The financial storm was so much more severe and longer continued than the wisest had calculated upon, that for years the result was regarded by them and the friends of the enterprise with painful suspense. In the interest of the road Mr. Perkins spent the Spring of 1854 in England, without achieving any important financial results.

At length, in 1856, the road was opened to Youngstown, and its receipts, carefully husbanded, began slowly to lessen the floating debt, by that time grown to frightful proportions, and carried solely by the pledge of the private property and credit of the president and Ohio directors. These directors, consisting of Hon. Frederick Kinsman and Charles Smith, of Warren, Governor David Tod, of Briar Hill, Judge Reuben Hitchcock, of Painesville, and Dudley Baldwin, of Cleveland, by the free use of their widely known and high business credit, without distrust or dissension, sustained the president through that long and severe trial, a trial which can never be realized except by those who shared its burdens. The president and these directors should ever be held in honor by the stockholders of the company, whose investment they saved from utter loss, and by the business men of the entire Mahoning Valley, and not less by the city of Cleveland; for the mining and manufacturing interests developed by their exertions and sacrifices, lie at the very foundation of the present prosperity of both.

Before, however, the road was enabled to free itself from financial embarrassment, so to as commence making a satisfactory return to the stockholders, which Mr. Perkins was exceedingly anxious to see accomplished under his own presidency--his failing health compelled him to leave its active management, and he died before the bright day dawned upon the enterprise.

He said to a friend during his last illness, with characteristic distinctness: "If I die, you may inscribe on my tomb stone, Died of the Mahoning Railroad;" so great had been his devotion to the interests of the road, and so severe the personal exposures which its supervision had required of him, who was characteristically more thoughtful of every interest confided to his care, than of his own health.

He was married October 24th, 1850, to Miss Elizabeth O. Tod, daughter of Dr. J. I. Tod, of Milton, Trumbull county, Ohio, and removed his family to Cleveland in 1856. Of three children, only one, Jacob Bishop, survives him. Mrs. Perkins died of rapid consumption, June 4th, 1857, and his devoted attention at the sick bed of his wife greatly facilitated the development of the same insidious disease, which was gradually to undermine his own naturally vigorous constitution.

The business necessities of his road, embarrassed and pressing as they were, united with his uniform self-forgetfulness, prevented his giving attention to his personal comfort and health, long after his friends saw the shadow of the destroyer falling upon his path. He was finally, in great prostration of health and strength, compelled to leave the active duties of the road and spent the latter part of the Winter of 1857-8 in the Southern States, but returned in the Spring with little or no improvement. He continued to fail; during the Summer and in the Fall of 1858 he again went South in the vain hope of at least physical relief, and died in Havana, Cuba, January 12th, 1859. His remains were embalmed and brought home by his physician who had accompanied him--and were interred at Warren, in Woodland Cemetery, where so many of his family repose around him. A special train from either end of the Cleveland and Mahoning Railroad brought the board of directors and an unusually large number of business and personal friends to join the long procession which followed "the last of earth" to its resting place.

One of the editorial notices of his death, at the time, very justly remarks of him:

He was a man of mark, and through strength of talent, moral firmness and urbanity of manner, wielded an influence seldom possessed by a man of his years. In addition to his remarkable business capacity, Mr. Perkins was a man of high literary taste, which was constantly improving and enriching his mind. He continued, even amid his pressing-business engagements, his habits of study and general reading. Mr. Perkins belonged to that exceptional class of cases in which great wealth, inherited, does not injure the recipient.

An editorial of a Warren paper, mentioning his death, says:

He was born in this town in 1821, and from his boyhood exhibited a mental capacity and energy which was only the promise of the brilliancy of his manhood. To his exertion, his personal influence and liberal investment of capital the country is indebted for the Cleveland and Mahoning Railroad. To his unremitting labor in this enterprise he has sacrificed personal comfort and convenience, and we fear, shortened his days by his labors and exposure in bringing the work to completion. Known widely as Mr. Perkins has been by his active part in public enterprises, his loss will be felt throughout the State, but we who have known him both as boy and man, have a deeper interest in him, and the sympathies of the people of Warren, with his relatives, will have much of the nature of personal grief for one directly connected with them.

Said a classmate in the class meeting of 1862:

Although his name on the catalogue ranks with the class of 1842, his affections were with us, and he always regarded himself of our number. He visited New Haven frequently during the latter part of his life, in connection with a railway enterprise, in which he was interested, and exhibited the same large-heartedness and intellectual superiority which won for him universal respect during his college course.

A gentleman who knew Mr. Perkins intimately, and as a director was associated with him in the construction of the Cleveland and Mahoning Railroad, and in carrying its debt, wrote of him as follows:

The management and construction of the Cleveland and Mahoning Railroad by Mr. Perkins, under circumstances the most difficult and trying, were well calculated to test his powers, and, in that work he proved himself possessed of business capacity rarely equalled, sustained by unquestioned integrity, and remarkable energy. These qualifications, united with his large wealth, gave him the requisite influence with business men and capitalists. His devotion to the interests of the road, his abiding confidence in a favorable result, and his clear and just appreciation of its value, and importance to the community, called forth his best efforts, and were essential conditions of success. To him more than to any other individual are the projection, inauguration, and accomplishment of this enterprise attributable. From its earliest projection, he had a most comprehensive and clear view of its importance to the city of Cleveland and the Mahoning Valley, and confidently anticipated for them, in the event of its completion, a rapidity and extent of development and prosperity, which were then regarded as visionary, but which the result has fully demonstrated.

His life was spared to witness only the commencement of this prosperity, nor can it be doubted, that his close application, and unremitting efforts to forward the work shortened his life materially. His deep and absorbing interest in it, prevented the precautionary measures and relaxations, which in all probability would have prolonged his life for years. His associates in the board saw the danger and urged him to earlier and more decided measures for relief. He too was aware of their importance. But the constant demand upon his time and strength, and the continually recurring necessities of the enterprise, which he had so much at heart, were urgent, and so absorbed his thoughts and energies, that he delayed until it was obvious that relaxation could afford merely temporary relief.

In his intercourse with the board, Mr. Perkins was uniformly courteous and gentlemanly, always giving respectful attention to the suggestions of his associates, but ever proving himself thoroughly posted; readily comprehending the most judicious measures, and clearly demonstrating their wisdom. Entire harmony in the action of the directors was the result, and all had the fullest confidence in him. While his business capacity and integrity commanded their highest admiration, his urbanity, kindness and marked social qualities secured their strong personal attachment, and by them his decease was regarded as a severe personal affliction, as well as a great public loss.

Thus is briefly noticed, one who dying comparatively early, had given evidence of great business capacity, as well as the promise of unusual power and popularity with the people of his own State, and nation.

                                                                                                                                                                                                                                                                                                           

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