Waugh: The 2x Millionaire

 

John W. Waugh's Trade

John W. Waugh's father, Judge J. W. Warwick, "came from prominent families and took a leading part in the lumber business" in Pocahontas County, West Virginia. He adhered to this trade and was successful; "the first million was largely made up of profits drawn from the trade of this Valley, and the second million was likewise made at the same place." 

John W. Waugh followed in his father's footsteps and "as a youth followed the lumber business under his father, who at death Mr. Wilmoth succeeded him in the lumber business."

John W. Waugh continued to work in the lumber business in the area and was "actively engaged in the coal mining business and lumber business in and around Meyersdale, Pa." 

You also know from our conversation history that John W. Waugh was a resident of Greenbank in June 1889. In January 1901, John W. Waugh purchased the Myersdale Electric Light, Heat and Power Co., which "was in a depleted condition." 

After purchasing the plant, he remodeled the same, putting in new and improved machinery and "making it one of the best plants of its size in this section of the state." At the time of his death, John W. Waugh "was sole owner of the aforesaid plant, and tannery."