Word: marsh
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Dates: during 1940-1949
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...largest U.S. producer of wallboard and similar wood products last week took over one of its biggest customers. In return for 81,250 shares of its own stock (current value: around $4,550,000) Masonite Corp. bought control of Marsh Wall Products, Inc. of Dover, Ohio, No. 1 finisher of Masonite wallboard. For 23-year-old Masonite, the deal will enable it to turn out finished products (doors, panels, etc.) for sale to the building trade. For Marsh Wall, it marked a new chapter in a happy saga of family enterprise...
Around the Table. The heroine is a chipper, bright-blue-eyed great-grandmother (five times over) named Mrs. Catherine Marsh, born 88 years ago this Christmas Day. When her husband, a traveling electrical engineer, was killed by a Coney Island subway train in 1905, Mrs. Marsh was left with seven sons and two daughters (the oldest son at home was 16), no insurance and a $4,500 mortgage on the Ohio farm where they lived...
Forced to move, they settled in nearby New Philadelphia. There Mrs. Marsh kept the family together by iron determination and a switch that was put to stinging use whenever any of the boys broke her cardinal rule: "Don't fight among yourselves. You must depend on each other." By mowing lawns, selling papers, and other odd jobs, and paying heed to "Mother," the Marshes made ends meet. In six years Mother Marsh bought a white frame house...
...years later, Alvin, her third son, had a chance to buy a back-alley lumberyard in the neighboring town of Dover, but he could find no one to lend him the money. At the first of many similar family councils around the dining room table, Mother Marsh talked things over with the whole brood, finally decided to mortgage the house to back Alvin. Starting with $1,700, Alvin soon made enough to move out of the alley, set up two branches in other cities...
Within a few years he had added two brick companies to the properties. Remembering the lesson of the switch, Alvin took his brothers in as partners, made Mother a sort of chairman of the board. She ran things anyway. When serious disagreements cropped up, Mother Marsh, said one son, would "give us hell and make it hurt as much as one of the lickings we used...