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| Affiliation | Republican |
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| Name | Percival Wood Clement |
| Address |
Rutland, Vermont , United States |
| Email | None |
| Website | None |
| Born |
July 07, 1846
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| Died | January 09, 1927
(80 years)
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| Contributor | Joshua L. |
| Last Modifed | RBH
Dec 02, 2017 12:30am |
| Tags |
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| Info | Percival W. CLEMENT, of Rutland [Vermont], was born 07 July 1846 in Rutland
[Rutland County, Vermont], son of Charles and Elizabeth (WOOD) CLEMENT.
Percival W. CLEMENT, whose home has always been in the town of Rutland,
belongs to a family which has long been prominent in Rutland County, and his
work has from the first been in the larger business interests of the section.
His beginning was in the marble business, in connection with the quarrying
and manufacturing enterprise established by his father, and in later years he
has been prominent in railroad and other affairs. He was educated at the
Rutland high school, St. Paul's School, Concord, New Hampshire, and Trinity
College, Hartford. He began business life as a clerk in the Rutland office
of the marble firm above mentioned, Clement & Sons, and became a partner in
in 1871. This firm sold out to the Rutland Marble Company in 1876 for a
price which made the transaction the largest then known in the marble
business of this county. The members of the firm then organized the State
Trust Company, and afterwards the Clement National Bank, both in Rutland, and
both corporations have since remained under their control.
Mr. CLEMENT was engaged in the banking business until 1882, when he began
buying largely of the stocks of the Rutland Railroad Company. He became the
active manager of the affairs of this corporation in 1883. The finances of
the company were demoralized and its securities greatly depressed, and for
four years Mr. CLEMENT gave his attention to property, finally accepting
absolute control of it. The stock and bonds of the corporation advanced in
price enormously and its credit was restored, and in 1887 Mr. CLEMENT sold
out to the Delaware & Hudson Canal Company. He remained with the railroad
company, however, as its president and in 1891 negotiated a lease of the
property to the Central Vermont Railroad. Besides his connection with the
Rutland banks named, Mr. CLEMENT is director in the Howe Scale Works and the
chief owner of the "Rutland Herald," and concerned in many other local
enterprises.
In 1868 Mr. [Percival W.] CLEMENT married Maria H., daughter of Henry W. and
Caroline (HINMAN) GOODWIN, of Hartford [Hartford County], Connecticut, and
has ten children, of whom six are living: Elizabeth Wood, Caroline Hinman,
Ethel Scovil, Margaret Goodwin, Anna Elizabeth, and Robert. Mr. CLEMENT has
been little before the public except as a business man. He has always been a
Republican, but has never sought political office and has held none except
that of Rutland town representative, to which he was elected in 1892. His
special work in this position was in getting the Rutland city charter. He
was the active spirit in organizing the Rutland Board of Trade in 1889 and
its president three years. He has been led by his affairs to spend
considerable time in the cities and is a member of the Union League Club of
New York, the Algonquin Club of Boston, and of some other similar
organizations.
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