Cleveland Past and Present - Its Representative Men, etc. by Maurice Joblin
page 78 of 672 (11%)
page 78 of 672 (11%)
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Cuyahoga county, serving two sesssion.
[Illustration: Very Respectfully, George Mygatt] The Merchants Bank of Cleveland, in 1857, became deeply involved, by the failure of the Ohio Life and Trust Company, of Cincinnati. Mr. Mygatt was appointed cashier at this time, when a memorable panic in finances was sweeping over the country. The bank sank a large part of its stock, but maintained its integrity, and continued to redeem its notes. In 1861, he retired from active business, but, with his long habits of employment, it soon became irksome to him to be out of work, and in 1865 he became Secretary of the Cleveland and Mahoning Railroad Company, a position he still retains, for the sake of being employed. A large portion of Mr. Mygatt's time and means have always been devoted to benevolent purposes; Sunday schools, the annual contributions for the poor, the church, industrial schools, and, in fact, all charitable movements have found in him a ready response; he will long be remembered for his work's sake. As a business man he was characterized by the strictest integrity, always preserving a quiet, considerate policy, and by incessant industry accomplished a great deal. For one who has reached the age of seventy-two, he possesses remarkable vigor, and we should judge, from the position he occupies, that his mental faculties are little impaired. Mr. Mygatt was married in March, 1820, to Miss Eliza Freeman, of Warren, who is still living. Of their six children, four of whom arrived at mature age, and were married, only Mrs. F. T. Backus now survives. |
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