At the age of sixteen, he started working in a dry goods store in Lancaster, Pennsylvania.[1] After seven years, he opened his own store.[1]
In 1850, he moved to California for the California Gold Rush.[1] He started a grocery business there, but lost everything in a fire.[1] Back in Pennsylvania, he worked as a paymaster for McEvoy & Clark, a contractor of the railroad at Horseshoe Bend.[1]
Together with his father, he developed the Hostetter's "Celebrated" Bitters.[2][3][4] Shortly after, he became associated with George W. Smith and started the company, Hostetter & Smith; it later became known as Hostetter & Co.[1] The bitters was used as patent medicine by Northern soldiers during the Civil War and served in saloons.[2] The content was 47% alcohol with sugar.[2]
Additionally, he invested in the oil and gas industry.[1] He served as President of the Pittsburgh Gas Company, sat on the board of directors of the East End Gas Company and the Consolidated Gas Company of Pittsburgh, and was a major shareholder of Allegheny Gasworks and the Fuel Gas Company of Allegheny County.[1] In 1875, he built an oil pipeline from Pittsburgh to Millerstown, Pennsylvania, but after much opposition from the Pennsylvania Railroad Company and the Baltimore and Ohio Railroad Company, he sold his stake to Standard Oil in 1877.[1][3]
^ abcdefghijklmnopqThomas Cushing (ed.), A Genealogical and Biographical History of Allegheny County, Pennsylvania, Genealogical Publishing Com, 2009, pp. 260-261 [1]
^ abJohn T. Flynn, God's Gold: The Story of Rockefeller and His Times, Auburn, Alabama: Ludwig von Mises Institute, 1932, p. 192 [2]
^ abHerbert H. Harwood, Jr., The Railroad That Never Was: Vanderbilt, Morgan, and the South Pennsylvania Railroad, Bloomington, Indiana: Indiana University Press, 2010, p. 44 [3]
January 01, 1970
david, hostetter, this, article, about, businessman, musician, children, 1819, 1888, american, businessman, banker, bornjanuary, 1819lancaster, county, pennsylvaniadiednovember, 1888resting, placeallegheny, cemetery, pittsburgh, pennsylvaniaoccupationbusinessm. This article is about the businessman For the musician see Children 18 3 David Hostetter 1819 1888 was an American businessman and banker David HostetterBornJanuary 23 1819Lancaster County PennsylvaniaDiedNovember 6 1888Resting placeAllegheny Cemetery Pittsburgh PennsylvaniaOccupationBusinessmanSpouseRosetta Rickey HostetterChildren3 including Theodore R Hostetter Contents 1 Biography 1 1 Early life 1 2 Career 1 3 Personal life 2 ReferencesBiography editEarly life edit David Hostetter was born in Lancaster County Pennsylvania on January 23 1819 1 He grew up on a farm 1 Career edit At the age of sixteen he started working in a dry goods store in Lancaster Pennsylvania 1 After seven years he opened his own store 1 In 1850 he moved to California for the California Gold Rush 1 He started a grocery business there but lost everything in a fire 1 Back in Pennsylvania he worked as a paymaster for McEvoy amp Clark a contractor of the railroad at Horseshoe Bend 1 Together with his father he developed the Hostetter s Celebrated Bitters 2 3 4 Shortly after he became associated with George W Smith and started the company Hostetter amp Smith it later became known as Hostetter amp Co 1 The bitters was used as patent medicine by Northern soldiers during the Civil War and served in saloons 2 The content was 47 alcohol with sugar 2 He was also a co founder of the Fort Pitt National Bank where he served as President for fourteen years 1 He also sat on the board of directors of the Farmers Deposit National Bank 1 Later he was one of the founders of the Pittsburgh and Lake Erie Railroad the Pittsburgh McKeesport and Youghiogheny Railroad and the South Pennsylvania Railroad 1 4 Additionally he invested in the oil and gas industry 1 He served as President of the Pittsburgh Gas Company sat on the board of directors of the East End Gas Company and the Consolidated Gas Company of Pittsburgh and was a major shareholder of Allegheny Gasworks and the Fuel Gas Company of Allegheny County 1 In 1875 he built an oil pipeline from Pittsburgh to Millerstown Pennsylvania but after much opposition from the Pennsylvania Railroad Company and the Baltimore and Ohio Railroad Company he sold his stake to Standard Oil in 1877 1 3 He was a Republican and believed in tariffs 1 Personal life edit He married Rosetta Rickey daughter of Randall Rickey of Cincinnati on July 13 1854 1 They had four sons and one daughter Harry Hostetter 1 D Herbert Hostetter Theodore R Hostetter 1870 1902 He died on November 6 1888 References edit a b c d e f g h i j k l m n o p q Thomas Cushing ed A Genealogical and Biographical History of Allegheny County Pennsylvania Genealogical Publishing Com 2009 pp 260 261 1 a b c National Park Service Hostetter s Bitters a b John T Flynn God s Gold The Story of Rockefeller and His Times Auburn Alabama Ludwig von Mises Institute 1932 p 192 2 a b Herbert H Harwood Jr The Railroad That Never Was Vanderbilt Morgan and the South Pennsylvania Railroad Bloomington Indiana Indiana University Press 2010 p 44 3 Retrieved from https en wikipedia org w index php title David Hostetter amp oldid 1127237666, wikipedia, wiki, book, books, library,
