Encyclopedia Dubuque
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STOUT, Henry L.: Difference between revisions
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In his later years, Stout moved into one of his most unique fields of business. Realizing that a profit could be made breeding horses for the popular sport of harness racing, Stout with his son, Frank, became owner and proprietor of the [[HIGHLAND STOCK FARM]]. In 1892 Stout and his son opened the [[NUTWOOD PARK]]. | In his later years, Stout moved into one of his most unique fields of business. Realizing that a profit could be made breeding horses for the popular sport of harness racing, Stout with his son, Frank, became owner and proprietor of the [[HIGHLAND STOCK FARM]]. In 1892 Stout and his son opened the [[NUTWOOD PARK]]. | ||
Stout actively supported various local charities. He gave generously to the [[FINLEY HOSPITAL]] and the [[HOME OF THE FRIENDLESS]]. He donated his home on Iowa Street where he lived from 1857 to 1893 to the [[YOUNG MEN’S CHRISTIAN ASSOCIATION (Y.M. | Stout actively supported various local charities. He gave generously to the [[FINLEY HOSPITAL]] and the [[HOME OF THE FRIENDLESS]]. He donated his home on Iowa Street where he lived from 1857 to 1893 to the [[YOUNG MEN’S CHRISTIAN ASSOCIATION (Y.M.C.A.)]] From 1893 until his death, he lived with his daughter, [[STOUT, Fannie|Fannie STOUT]], at her home at 1145 Locust Street. | ||
Revision as of 21:19, 30 July 2008
STOUT, Henry L. (Hunterdon County, NJ, Oct. 23, 1814-Dubuque, IA, July 18, 1900). Lumberman. Stout amassed one of Dubuque's largest personal fortunes between 1853 and 1900. He came to Dubuque in 1836 at the age of twenty-two and began a small store with money gained from an investment in MINING. By 1852 he had become such a fine salesman for the KNAPP-TAINTER LUMBER COMPANY that he was offered a partnership. Stout's participation in the company grew so quickly that by 1854 the name of the company had been changed to the KNAPP-STOUT LUMBER COMPANY.
Stout was a firm believer in expanding the company. Between 1866 and 1869, the company developed three new mills in Wisconsin and expanded into shipping.
Stout's success in the lumber business led him to diversify his investments. His interest in transportation systems led him to serve on the board of directors for the Dubuque and Sioux City Railroad (1867 to 1869), Dakota-Dubuque Railroad (1881), and the Iowa Pacific Railway Company (1876). Stout also became involved in the DUBUQUE AND DUNLEITH BRIDGE Company. Between 1868 and 1881, he served as the company's treasurer, vice-president and member of the board of directors. He became president of the Dunleith and Dubuque Ferry Company in 1872 and maintained the office until 1893.
Banking was another of Stout's interests. He served on the board of directors for the People's Savings Bank of Dubuque in 1867 and from 1871 to 1887 was vice-president of the Commercial National Savings Bank of Dubuque.
Stout became president of the FARLEY AND LOETSCHER MANUFACTURING COMPANY when it was incorporated in 1881 and remained in the office until 1891.
In his later years, Stout moved into one of his most unique fields of business. Realizing that a profit could be made breeding horses for the popular sport of harness racing, Stout with his son, Frank, became owner and proprietor of the HIGHLAND STOCK FARM. In 1892 Stout and his son opened the NUTWOOD PARK.
Stout actively supported various local charities. He gave generously to the FINLEY HOSPITAL and the HOME OF THE FRIENDLESS. He donated his home on Iowa Street where he lived from 1857 to 1893 to the YOUNG MEN’S CHRISTIAN ASSOCIATION (Y.M.C.A.) From 1893 until his death, he lived with his daughter, Fannie STOUT, at her home at 1145 Locust Street.