It is probable that Adrian Georg inherited his business acumen as well as his vigorous constitution from his father. Although not physically present at the first coal company meetings, another party carefully scrutinized the proceedings from his Wall Street office-fellow investor Adrian Georg Iselin (1818-1905).Īdrian Georg Iselin was the fifth of 11 children born to Isaac and Aimee Jeanne Susanne Emilie, nee Roulet. 1881, the directors of the company met and elected Walston Brown president. according to law" be issued for the R&P Coal and Iron Company. Brown, acting as chairman, stated that $4 million of capital stock had been subscribed to the new coal company. 5, 1881 at the New York office of Walston Brown. Coal company officers held their first meeting Nov.
The recently established railway, using a common business practice of the day, subscribed to all the stock of the second new company, the Rochester and Pittsburgh Coal and Iron Co. This reorganization resulted in one large railroad, the Rochester and Pittsburgh Railway. Acting with amazing speed, the Brown brothers, probably advised by the Iselins, purchased several short line railroads already in existence in Jefferson County and combined them with the Rochester and State Line Railroad, which ran southward from New York. Thus, as Brown continued with his plans to transport Bell, Lewis and Yates coal, he also agreed to invest money in a proposed mining company the Rochester and Pittsburgh Coal Co. He also had strong financial associates the Iselin family, which shared his intention of transporting coal from Jefferson County to Rochester and Buffalo.Īs talks with the two geologists progressed, Brown decided that perhaps still more profits might be gained by joining into the formation of a second mining company. Walston Brown was a wise choice, for when the Platts first met him, the financier was aiready actively engaged in the construction of a Jefferson County railroad to haul coal for the Bill, Lewis and Yates Mining Co. After many inquiries, the Platts enlisted the aid of Walston Brown, a New York financier, who, with his brothers Herbert and Frederick, maintained an investment company at 20 Nassau St. As men of business, the brothers realized that significant capital was needed to provide both a railroad and a huge labor force if such an enterprise was to succeed. Platt, began a search for investors to help the rich seams of coal they had discovered in Jefferson County. In 1880, two geologists, Franklin and W.G. Involvement of the Iselin family in the coalfields of Western Pennsylvania originated even before the organization of the Rochester and Pittsburgh Coal and Iron Company, the parent company of today's R&P.
The occasion also points to another anniversary: the 100-year relationship between the company and the Iselin family of New York.įrom the beginning, the Iselin family, although they never lived in Pennsylvania, have left tangible marks on the landscapes of several counties and have added their names to maps and highway signs. During 1981, the Rochester and Pittsburgh Coal Company commemorated a century of coal production.
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