The Panic of 1907 caused nationwide bank failures, timber prices collapsed, mine operations ceased, railroads stopped running, a rash of bankruptcies occurred, and a dramatic loss of confidence and a nasty economic downturn sank in for the next year.comments
Stories, quotes and anecdotes.
Tag Archives: lumber industry
Often during the winter evenings and on Sundays some of the woodsmen would drop in on Mr. Smith to discuss some problem concerning their work, or perhaps something of a personal nature for which they felt a need for help. Here, they knew, they had a sympathetic friend whom they could trust, and one capable [...]comments
In Grantsville district quite a number of water power mills were erected between the years 1835 ~ 1855, but there are now only two or three within the same limits. Steam power mills have taken their places. In 1837, a man by the name of Williams, from Pennsylvania, built the first steam saw mill on the [...]comments