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John I. Beggs
From Wikipedia, the free encyclopedia

John Irvin Beggs (September 17, 1847 – October 17, 1925) was an American entrepreneur, industrialist and financier associated closely with the electric utility boom under Thomas Edison. He was also associated with Milwaukee, St. Louis, Missouri and other regional rail and interurbantrolley systems. Beggs is also known for developing modern depreciation techniques for business accounting and for being one of the early directors of what became General Electric.

Youth
John Irvin Beggs was born in Philadelphia on September 17, 1847, the son of James and Mary Irvin Beggs. Both of his parents were of Scottish descent but had emigrated to the United States from Northern Ireland.
His early life was spent around Philadelphia. After his father died when he was seven years old, Beggs worked to support of his mother in a brickyard, as a cattleman, and butcher.
Education
As a young man Beggs taught accounting and handwriting in the Bryant & Stratton Business College in Philadelphia. He went to Harrisburg, Pennsylvania at the age of 21 to work for Mitchell & Haggerty Coal Company as an accountant. He then worked selling real estate and fire insurance in Harrisburg. Beggs joined the Masonic fraternities at Harrisburg and maintained his membership in them until his death.
Electric light industry
When the electric light industry was in its infancy, Beggs assisted organization of the Harrisburg Electric Light Co. He built and managed its plant which was "the first commercially successful electric light plant in the United States". Beggs’ interest in electric lighting arose because he was head of the building committee of Grace Methodist Episcopal Church. He was married in Harrisburg to Sue Elizabeth Charles, who died March 14, 1902. the had one child, Mary Grace Beggs.
On account of his success in Harrisburg as an electric plant manager, he was called by J.P. Morgan to New York in 1887 as manager of the Edison Electric Illuminating Co. of that city. He remained in New York for about five years during which time he built the Pearl Street Station and 26th Street Station. Pearl Street provided electricity for the first time to Wall Street's stockbrokers. He worked closely with Thomas A. Edison and consequently became one of that small group known as Edison Pioneers. Beggs was one of the Illuminating Company Directors at the meeting when Henry Ford first met Edison and presented his idea for the automobile.
Career
From New York he went to Chicago as Western Manager of Edison Company where he remained until the Edison Company was merged with the Thomson-Houston Electric Company to form what is now the General Electric Company.

Director and Officer
At the time of his death, Beggs was an active director or officer of 53 companies, including:
1. North American Edison Company, Director (Now General Electric)
2. The North American Company, Director, Member of Executive Committee
3. Milwaukee Electric Railway and Light Company, Director, President, Member of Executive Committees
4. Wisconsin Gas & Electric Company, Director, Vice-President
5. Briggs & Stratton Corporation, Director, Chairman Executive Committee
6. St. Louis Car Company, Director, Chairman of Board
7. J. I. Case Plow Works Company, Inc., Director
8. Southern Improvement Company, Director, President
9. First Wisconsin National Bank, Milwaukee, Director, Member of Executive and Finance Committees
10. First Wisconsin Company, Milwaukee, Director
11. Grand & Sixth National Bank, Milwaukee, Director, Member of Executive and Finance Committees
12. First National Bank in St. Louis, Director
13. Milwaukee Northern Railway Company, Director, President
14. Wisconsin Traction, Light, Heat & Power Company, Director, President
15. Peninsular Power Company, Director
16. North American