The Bay State Monthly. Volume 2, No. 6, March, 1885. Various
1823, and is therefore in the full vigor of manhood. We may infer that his boyhood was not blessed with the advantages which usually crown the early life of so many lads, and strew their path with roses, from the fact that at the age of twelve he left home to work on a farm for wages, with agreement for limited opportunities for schooling. He is a son of David and Roxanna Wallace.
It seems likely that the family is of Scotch origin. David Wallace seemed to think so, since he dropped the spelling Wallis, and adopted the form in which the name is now written. In 1639, Robert Wallis was living in Ipswich, Massachusetts. Benoni Wallis, of this family, removed to Lunenburg and there married Rebecca Morse, of Lynn, July 2, 1755. She died in Lunenburg August 25, 1790, and he died March 15, 1792. David, son of Benoni and Rebecca Wallis, was born October 16, 1760. He married Susannah Lowe, and lived in Ashburnham where he died January 14, 1842. David, son of David and Susannah Wallis, was born at Ashburnham July 14, 1797. He married July 8, 1821, Roxanna Gower of New Ipswich, where he lived till he removed to Rindge, New Hampshire, in 1846. He died at Rindge, May 29, 1857; and his wife died at Fitchburg, February 27, 1876. He was the first of his family in this country to adopt the spelling Wallace, instead of Wallis. He had eight children, of whom the subject of this sketch was the second.
As we have said, at the age of twelve, when most lads are comfortably cared for at home, young Wallace started out in life for himself. He let himself to a farmer for forty dollars for the first year, with the privilege of attending school eight weeks in the winter. It turns out that the first forty dollars he earned were the beginning of a large fortune, without a dishonest dollar in it, and that the eight weeks of schooling of that winter on the farm, was the beginning of a knowledge, gleaned here and there as opportunity offered, which fits him for prominent positions of trust and responsibility.
At an early age, sixteen I think, he was charged with the responsibility of driving freight teams from Rindge to Boston, returning with loads of merchandise. In the discharge of this trust he displayed the energy, tact, and trustworthiness which were prophecies of the man. He was taking his first lessons in the school of business, and proved himself an apt scholar.
Dr. Stephen Jewett was a somewhat notable physician of Rindge. His fame in the cure of chronic and acute diseases was wide spread. He was frequently called upon to make professional visits in Boston and other New England cities and towns. His medicines attained a wide celebrity. Their manufacture and sale became a large and lucrative business, and was carried on after the death of Dr. Jewett, by his son, Stephen Jewett, Jr. The energy which young Wallace had already shown induced Mr. Jewett to put the whole business of selling these medicines into his hands. He entered into this employment in 1843, at the age of twenty, and continued in it till he came to Fitchburg in 1853. In selling these medicines he travelled over five of the New England States. He said to the writer that this was a good school in geography for him, for he became acquainted with the topography of these states, and the location of all their important places.
Such were the beginnings of a business career of great prosperity. It was in these ways that he got his start in life, and in these lesser employments he proved himself worthy of and equal to the greater tasks yet before him. Here he showed the same judgment and far-sighted wisdom, which have marked his career in the larger, more conspicuous circles of the business world, and won him a name which is everywhere repeated with respect, and a reputation for integrity and honest dealing which any man might covet.
His Business Life
In 1853 Mr. Wallace came to Fitchburg and entered upon that period which, for convenience, I have named his business life. He formed a co-partnership with Stephen Shepley, known as Shepley and Wallace. They were wholesale dealers in books, stationery, paper-stock, and cotton-waste. This firm continued under the name of Shepley and Wallace, and R. Wallace and Co. till July 1, 1865. On this day the firm dissolved, and the business was divided. Mr. Wallace took the department of paper-stock and cotton-waste, which he still carries on. To what proportions it has grown, under his management, may be judged from the fact that the business done amounts at least to $200,000 a year.
December 31, 1864, Stephen Shepley, Benjamin Snow, and Rodney Wallace bought the Lyon Paper Mill and the Kimball Scythe Shops at West Fitchburg, and began the manufacture of paper under the name of the Fitchburg Paper Company, Stephen E. Denton was taken into the firm as a partner soon after. He had charge of the business at the mill. In July, 1865, Rodney Wallace and Benjamin Snow bought the interest of Stephen Shepley; and the Fitchburg Paper Company was then Wallace, Snow, and Denton. Mr. Denton died in June,1868. January 7, 1869, Mr. Wallace bought the interest of Benjamin Snow. January 23 of the same year he bought the interest of Mr. Denton's estate of his widow, who was at that time residing in New York. From that date till the present the Fitchburg Paper Company is Rodney Wallace. He retains the old firm name.
Since becoming sole owner, he has added largely to the original property. A neat village of dwellings has grown up around his mills, which deserves a name of its own. Wallaceville would be an appropriate name. He has put in a substantial stone dam at great expense. In 1878 he erected a new brick mill, with all the modern improvements, doubling the capacity of the establishment. It is now capable of producing from 15,000 to 18,000 pounds of paper every twenty-four hours. Just across the Nashua River is the Fitchburg Railroad. He has a freight station of his own, where he receives all his freight and ships all his paper.
Mr. Wallace has conducted his business with rare sagacity, with unblemished integrity, and with an eye to the welfare of his employees, as well as to his own personal interests. If it were not like praising a man to his face, since he still lives, many instances might be cited to prove that it has not been his policy to get the most out of his employees for the least possible return. But it is enough to say that he has no difficulty in keeping men in his employ. Somehow he has hit upon a plan by which he has kept the irrepressible conflict between capital and labor at a distance.
Aside from his own business, which makes large drafts upon his time, strength, and thought, he has been closely identified with numerous other corporate and monetary interests. He has thus had a large share in contributing to the growth and prosperity of the enterprising city in which he lives. Its business interests, to a large degree, have enjoyed his wisdom, and profited by his sagacity. Since 1864 he has been President and Director of the Fitchburg Gas Company; a Director of Putnam Machine Company since the same year; a Director of the Fitchburg National Bank since 1866; a partner in the Fitchburg Woolen Mills since 1877; a Trustee of Smith College since 1878. He is a Director of the Fitchburg Mutual Fire Insurance Company; a Trustee of the Fitchburg Savings Bank; a Director of the Fitchburg Railroad; a partner of the Parkhill Manufacturing Company. Besides these, he has had the settlement of large and important estates, demanding time, good judgment, and unbending integrity. We would especially note the large estate of the late Ephraim Murdock, Jr., of Winchendon, and that of the late Hon. Wm. H. Vose of Fitchburg. These facts speak for themselves, and show the esteem in which Mr. Wallace is held by his fellow citizens, as a wise counsellor, and as a man of integrity and uprightness of character, as well as of rare good judgment in all matters pertaining to the transaction of business. Another says, "In whatever enterprise Mr. Wallace has been engaged, he has not only been fortunate in its pecuniary interests, but also in the speedy command of the confidence and respect of his associates. True moral principles have been united with unquestioned probity, business tact, and liberal, intelligent management." He has won a large fortune, without parting with his honesty in earning a single dollar. As his property has increased, his generous spirit has seen larger opportunities and at once embraced them. He has not been among those who withhold more than is meet and tend to poverty. Property in such hands is not a grinding monopoly, but a wide blessing. Such men can afford to be wealthy. They represent the true socialistic spirit, which is, that private capital should be held as a public good.
Largely through the influence of Mr. Wallace various improvements have been made in Fitchburg, which contribute to its attractiveness. The business of the city is in no small degree indebted to him for facilities with which communication can be had with the world outside. Prominent mention may be made of the beautiful Union Railway station at Fitchburg in securing whose erection, and in planning which, Mr. Wallace was largely instrumental.
Mr. Wallace In Politics
Mr. Wallace has had no ambitious longings for political life. And