The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-08-13

torn down to make place for the new
hotel
Probably the greatest success OF Mr.
Schmulbach's constructive career Was
the building Up OF the German Bank
OF wheeling In the year 1879 the
bank lost heavily through Certain fail
ures OF tobacco growers 70 pay their
obligations.
In an issue OF the Wheeling Journal
OF mat time. there h an account that
says-a meeting of the directors was
called TO consider the ACCESSIBILITY OF
continuing the bank. Col. Schmulbach
and Mr.. Chester ID Hubbard opposed
the closing. At that time the bank =
stock had deteriorated to such an ex-
tent that II vas only worth 40 cents
on the dollar. Under this manage
ment this bank grew and prospered.
AZ that time the bank was located
In the Beck Block. in the building re-
Gently occupied by the Quarter Saw
ings Bank. Mr.. Hubbard was then
president. but later Mr.. Schmulbach
was named president. such position he
held until his death. This bank was
Organized during the late 4O's.
Another interesting feature OF Mr.
Schmulbach's was his activity In the
steamboat business. With Captain
list. as has been said. he helped TO
operate the Wheeling Cincinnati steam
boat company. which had under its
Jurisdiction twelve boats. one OF
which the steamer st. Lawrence.
Director in Top Mill
Mr. Schmulbach was Interested As a
director In the Top Mil. which was
later q s taken over by the whseling Steel
stakeholder In the MinEo Iron company
which was taken over by the Carnegie
steel company. In the Mingo company
ne was \ director. associated with Jos
eph woodward.
In the year 1892 the Wheeling Bridge
company was organized. This company
was brought face 20 face with the fact
that IL had no funds and appealed 70
Mr. Schmulbach for financial aid. He
furnished the money To build the steel
bridges. one across the front river and
one over the back river.
BY this one act alone. he opened a
that was largely responsible for the e.
Enlistment OF tnterurban and suburban
street car lines. Not long ago he sold
out his interest I'm this company also.
About the year 1900 he bought out the
fairmont and ClarkSburE Railway com
pany which then had short lines In
the road was extended from clarksburg
10 airmont. q distance OF about thirty
miles. Mr.. Schmulbach sold out the
company TO the Monongahela Traction
Largely through the efforts OF Mr.
Schmul bach the National Telephone com
pany was organized and financed with
Attorney John A. Howard. He main
tained these holdings until a few years
ago when he sold his stock 10 the West
pany
About the same time the City Railway
company Was organized which later as
company as the City and Elm Grove
Railroad company. II could be said OF
NJ; Schmulbach that he was "A public
20 develop those things that would not
only aid himself but aid his city
Built skyscraper.
In the year 1907 the Schmulhach
building. the largest office building in
the state, was opened on Market street
as a monument to Mr.. Schmulbach n
was the FIRST skyscraper In Wheeling.
and also the first skyscraper In the state
Mr. Schmulbach has been Interested IN
horses ,S All OF his life. II as been said
IN the country. especially podigreed
stock. Mr.. Schmulbsch used 10 own a
training stable az Cleveland on the Glen
vile tracks. lie also owned large
Hurst.
Mr.. SchmuIbach bore the honor OF he
ing one Of the men who nominated vii
liam Mckinley for the presidency in
1896 AZ 81. Louis. In the year 1892
the Board Of Public works. which posi-
ton he was elected 10 three times IN
succession. While I'm that position he
was instrumental IN making many inn
proVements I'm the city.
In the year 1904 Col Schmulbach was
spoken OF very favorably as a candidate
Tor United states Senator Politically N
Is needless 90 say. he was strong Re
publican character.
Fraternally Mr.. schmulbach was a
Mason. He prided himself as being The
Oldest Knight Templar I'm the state. but
this has been found 10 be a mistake
lie was a Past Exalted Ruler OF Wheel
Ing Lodge II. y. .. Elks No. 2s and was
~ ono time AFFILIATED with several other
iraternal organizations. He was also "A.
member Of Black Prince Lodge knights
Of Pythias.
Lived In Retirement
W late years Mr.. Schmulhach has
been living pastoral life. He purchased
several acres OF land. and improvcd IL
10 be one or the finest in the county.
In November 1912. Mr.. Schmuibacb
was married TO Miss Eva Pauline Err.
schey OF Wheeling who Is his only close
Survivor. a cousin Mrs. r. NJ. Taylor os
Mr. Schmulbach's father died in June
I issf. and his mother died In January
lHtl. Two sisters Mary and Elizabef X
died In 1912 apd l9o2 respectively. one
Z brother Conrad. died IN the past few
Years II can be said Of Col scbuu1-
bach that he e. the last Of his race
The dead financier was in the seventy
urst year or his age. His life as sttrn-
med w BY man who has been assoclaf l.
ed with him for the rast quarter 81 a
ahead. and his willingness 10 take 4
chance. These three things spell his
success.
No funeral arrangements have b.,p
made Tor the funeral Of Mr.. SchmuIbach