Iron Industry Executive
In January, 1847, Spearman took charge of the business management of the Sharon furnace, which was operated at that time by Shoenberger, Agnew & Co. He held this position for a period of six years. In 1853 he purchased the Mazeppa furnace, near Mercer, which he operated until 1859, when he accepted the position of manager of the Sharpsville furnace, where he stayed for three years.
In 1862 he became manager of the iron interests of James Wood & Sons, at Wheatland, and the following year took, an interest as a partner in the business, renamed as James Wood, Sons & Co. This association continued until August, 1870.
Spearman moved to Sharon where, in 1872, he organized the Spearman Iron Company and built the Spearman furnaces at Sharpsville, and became general manager. This was a partnership concern up until 1895, when it was incorporated, and in 1901 the property was sold. Spearman retired from the iron industry, in which he had spent half a century.
In 1868 he was prominent in the organization of the First National Bank of Sharon. The first president was George Prather, who died in the autumn of 1871. He was succeeded by Spearman as president of the bank in January, 1872.
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