William Plankinton: Difference between revisions

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{{Short description|American businessman and industrialist}}
{{good article}}
{{Infobox person
|name = William Plankinton
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|birth_date = {{birth date|1843|11|7}}
|birth_place = [[Allegheny, Pennsylvania]], U.S.
|death_date = {{death date and age|1905|34|29|1843|11|7}}
|nationality = American
|occupation = Businessman and industrialist
|spouse = Mary Ella Woods
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[[File:1909 Postal Telegraph Cable Company stamp.jpg|thumb|upright 0.8|Postal Telegraph stamp 1909]]
[[File:John Plankinton and William Plankinton mansions in 1886.jpg|right|thumb|upright 1.3450|Line drawings of the mansions of John Plankinton (left) and William's (right), by James Smith Buck about 1886{{sfn|Buck|1886|p=178}}]]
'''William Plankinton''' (November 7, 1843 – MarchApril 29, 1905) was an American businessman, manufacturer, and industrialist. He followed in his father's footsteps in the meat packing and meat processing industry.
 
Plankinton was associated with the Milwaukee museum, public library, industrial exposition and Chamber of Commerce. As a businessman he was a banker. He was implicated in a scandal of fraud and embezzlement, for which he was sued.
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Plankinton was employed by his father after he graduated from the Milwaukee college. He soon became a partner in his father's pork and beef packing company. He helped to establish branches in Chicago, Kansas City and New York.{{sfn|Watrous|1909|p=20}} The firm became known in 1893 as the Plankinton Packing Company when the Cudahy brothers moved their operations south to a site just outside of Milwaukee.{{sfn|Apps|2015|p=210}} Plankinton's main competitors were the meat packing companies of Chicago.{{sfn|Bowman|1948|p=175}}
 
Plankinton helped found and organize several companies, including the Milwaukee-based [[Johnson Controls#History|Johnson Electric Company]].<ref name=WSJ4_11_1985>{{cite news |last=Martin|first=Chuck |title=Johnson Controls a model for future |url= https://www.newspapers.com/clip/58154095/ |newspaper= Wisconsin State Journal |location=Madison, Wisconsin|date= April 11, 1985 |via= [[Newspapers.com]] {{open access}} }}</ref> He founded and was part owner of the Western Portland Cement company in [[Yankton, South Dakota]].{{sfn|Wilson|Fiske|Dick|1915|p=997}} Plankinton held several public offices and was a director of the Milwaukee museum, the city public library, and the Milwaukee industrial exposition.{{sfn|Wilson|Fiske|Dick|1915|p=997}} He was also associated with Layton art gallery and the local Chamber of Commerce.<ref name=WisSociety>{{cite web |url=http://www.wisconsinhistory.org/Content.aspx?dsNav=Ny:True,Ro:0,N:4294963828-4294963805&dsNavOnly=N:1220&dsRecordDetails=R:CS4410&dsDimensionSearch=D:%22William+Plankinton%22+,Dxm:All,Dxp:3&dsCompoundDimensionSearch=D:%22William+Plankinton%22+,Dxm:All,Dxp:3 |title=Brief biography of John Plankinton, a meat packer and businessman|website=Historical Essay of Plankinton, John (1820–1891) |date=22 January 2015 |publisher= Wisconsin Historical Society|access-date=January 29, 2017 }}</ref> Plankinton was one of the financial backers of the [[Postal Telegraph Company]] that involved telegraph lines in Wisconsin and Michigan.<ref name=TON12_17_1895>{{cite news |author=<!--Staff writer(s); no by-line.--> |title=Postal Telegraph Co. |url= https://www.newspapers.com/clip/58152064/ |newspaper= The Oshkosh Northwestern |page=2|location=Oshkosh, Wisconsin|date= December 17, 1895 |via= [[Newspapers.com]] {{open access}} }}</ref>
 
Plankinton became vice-president of the Plankinton Bank in 1891 upon [[John Plankinton|his father]]'s death.<ref name=BankFailure>{{cite news |author=<!--Staff writer(s); no by-line.--> |title=CLOSED ITS DOORS |url= https://www.newspapers.com/clip/8672098// |newspaper= Wichita Beacon|location=Wichita, Kansas|date= June 1, 1893 |via= [[Newspapers.com]] {{open access}} }}</ref> He was involved with settling the affairs when the bank failed in 1893.<ref name=succumbed>{{cite news |author=<!--Staff writer(s); no by-line.--> |title=Finally Succumbed |url=https://www.newspapers.com/clip/8672168// |newspaper=Sedalia Weekly Bazoo |location=Sedali,Missouri |date= June 6, 1893 |via=[[Newspapers.com]] {{open access}} }}</ref><ref name=indicted>{{cite news |author=<!--Staff writer(s); no by-line.--> |title=Many Indicted |url=https://www.newspapers.com/clip/8672382// |newspaper=Logansport Reporter |location=Logansport, Indiana |date= July 13, 1893 |via=[[Newspapers.com]] {{open access}} }}</ref><ref name=BankUnder>{{cite news |author=<!--Staff writer(s); no by-line.--> |title= Bank Failure / The Plankinton Bank at Milwaukee Suspends |url= https://www.newspapers.com/clip/8672608// |newspaper=Parsons Daily Sun |location= Parsons, Kansas |date= June 2, 1893 |via=[[Newspapers.com]] {{open access}} }}</ref> The bank crisis involved a scandal of fraud and embezzlement in which Plankinton was implicated.<ref name=ChicagoChron8_15_1897>{{cite news |author=<!--Staff writer(s); no by-line.--> |title= May yet have to pay |url= https://www.newspapers.com/clip/58186207/ |newspaper= The ChicagoChronicle |location= Chicago, Illinois|date= August 15, 1897 |via=[[Newspapers.com]] {{open access}} }}</ref> He was sued to pay back all that was owed to the depositors and creditors.<ref name=MRMICR7_22_1893>{{cite news |author=<!--Staff writer(s); no by-line.--> |title= A Judge at the bar |url= https://www.newspapers.com/clip/58127165/ |newspaper= Montreal River Miner and Iron County Republican |location= Hurley, Wisconsin|date= July 22, 1893 |via=[[Newspapers.com]] {{open access}} }}</ref><ref name=PDD9_26_1894>{{cite news |author=<!--Staff writer(s); no by-line.--> |title= To arrest F.T. Day |url= https://www.newspapers.com/clip/58128570/ |newspaper= Portage Daily Democrat |location= Portage, Wisconsin|date= September 26, 1894 |via=[[Newspapers.com]] {{open access}} }}</ref><ref name=TON8_9_1899>{{cite news |author=<!--Staff writer(s); no by-line.--> |title= Plankinton sued |url= https://www.newspapers.com/clip/58130713/ |newspaper= The Oshkosh Northwestern |location= Oshkosh, Wisconsin|date= August 9, 1899 |via=[[Newspapers.com]] {{open access}} }}</ref>