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James Laughlin (industrialist)
James H. Laughlin (March 1, 1806 – December 18, 1882) was an Irish-American banker and capitalist, a pioneer of the iron and steel industry in Pittsburgh, Pennsylvania.
Early life
He was born near Portaferry in County Down, Ireland, the son of Jane ( Boyd) Laughlin (1763–1814) and James Laughlin, Sr. (1748–1831). Among his siblings was brother Alexander Laughlin, whose son, Alexander J. Laughlin married Mary Franklin Jones (a daughter of his business partner Benjamin Franklin Jones). He was educated at Belfast, and after leaving school he assisted his father in taking care of his estate until age twenty, when his mother died in 1814 and the family came to America. Upon his arrival he entered into partnership with his brother Alexander.
Career
In 1854, Laughlin bought the retiring Bernard Lauth's interest in the steel partnership with Benjamin Franklin Jones. The company was renamed Jones and Laughlin in 1861, later reorganized as J&L Steel. In 1844, Laughlin was appointed as a corporator to the board responsible for establishing the Allegheny Cemetery. In 1852, Laughlin and his associates, including B.F. Jones, founded a banking organization that, when chartered, was the First National Bank of Pittsburgh, later Pittsburgh National Bank. Laughlin was the first president of the Western Theological Seminary in Pittsburgh. He was a founder of the Pennsylvania Female College, which later became Chatham University.
Personal life
In 1837, Laughlin was married to Ann McCully Irwin (1813–1891), a daughter of Boyle Irwin and Eliza ( McCully) Irwin. Together, they were the parents of: Laughlin died at his home in Pittsburgh on December 18, 1882.
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