Career
After moving to Hartford, Phelps began manufacturing saddles and shipping them to the South. His business grew rapidly and he was able to build a large brick building on North Main street that became known as the "Phelps Block." In 1812 he moved to New York City and began doing business with Elisha Peck under the firm name of Phelps, Peck & Co. They dealt in metals, including iron, brass, and others.
Fellow businessman Sheldon Smith persuaded Phelps to invest in the growing town of Derby, Connecticut, in an area that came to be known as Birmingham. Unable to grow his business in his efforts to expand his business farther north, Phelps instead selected a location on the east bank of the Naugatuck River in what is now downtown Ansonia. Ansonia was first settled in 1652 and named in honor of Anson Phelps. The state chartered Ansonia as a borough of Derby in 1864, and later as a separate town in 1889. In 1893, Ansonia incorporated as a city, consolidating with the boundaries of the town.
Phelps' business continued to prosper and he accumulated a large fortune. His original firm was dissolved in about 1828, and Phelps organized the Phelps Dodge Company in 1833 together with his son-in-laws William Earl Dodge and Daniel James.
Read more about this topic: Anson Greene Phelps
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