biography
| sex:
| male
|
| lived:
| (1815–82)
|
| biography:
| Businessman, born in New York City, New York, USA. He worked as a grocery clerk until 1838, when he formed, with his father, James M Hoyt & Son, a flour and grain commission house. At his father's death (1854), the hugely successful business was renamed Jesse Hoyt & Co. Interested in developing the West, in 1851 he began buying large tracts of timberland in the Saginaw Valley of Michigan, where he established a lumber company, a small town, and a ship yard. He discovered and mined the abundant salt deposits, and promoted the development of several railroads in the W Great Lakes area. |
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