Hearne History - Page 357

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church, which they did the next day in open conference. The movement was quiet and orderly, yet, under the circumstances and surroundings, it was heroic, and it will long be remembered by those who were witnesses of the scenes which marked its consummation.

In 1870 Mr. Hearne was elected president of the branch of the Farmers' Bank of Kentucky, at Covington, under peculiarly complimentary and gratifying circumstances. He was not a stockholder, but stock was transferred to him to make him eligible and he was chosen without solicitation. The bank, under his management, grew in business and public favor. Entering this new field, Mr. Hearne studied carefully finance and the banking systems. He soon became an admired and advocate of the national banking system, seeing in it very superior advantages over the old State bank system, and interested himself in trying to have the Farmers' Bank nationalize. Failing in this, he retired from the bank and organized the City National Bank of Covington, first with a capital of three hundred thousand dollars. This bank became speedily one of the most popular and successful institutions in the state, combining in its stockholders, depositors and borrowers a class of the best business men of the three cities, Cincinnati, Covington and Newport. While yet in the management of the City national Bank, he was called to the presidency and active administration of the Cincinnati and Newport Iron and Pipe Co. This he organized and managed to a point of the highest prosperity, casting from sixty to one hundred tons per diem, furnishing cast iron water and gas pipes to the largest cities in the West, among which was a line of 46-inch pipe to Cincinnati, the largest ever cast west of the Alleghany Mountains. The establishment is today one of the marked industries of the Ohio Valley. In Jan., 1882, Mr. Hearne resigned the presidency of the City National Bank and the Iron and Pipe Co., to accept the presidency of the Third national Bank of Cincinnati, Ohio, which he now holds.

Inasmuch as Edward S. Ebbert did large work on the Hearne Family Tree, I deem it proper to insert here:

THE ORIGIN OF THE HEARNE FAMILY TREE ISSUED 1891.

(Written by Mr. Ebbert at my request.)

As told in the History, there was very little communication between the Delaware family and that of Clement Hearne, who settled in Kentucky, 1798, and none whatever that we know of, after

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Notes:

Thanks to Catherine Bradford for transcribing this page.


Copyright (c) 1999, 2007 Brian Cragun.