Hamilton Beach 2012 Annual Report Download - page 3

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Taplin reorganizes his diverse holdings, which
include bituminous coal mines, railroads and
Great Lakes dockyards, into The North American
Coal Corporation. The new corporation ranks
as one of the country’s largest underground
mining firms.
North American Coal stock is publicly traded
for the first time in an over-the-counter offering.
1
1925
1938-1942
In 1942, Henry G. Schmidt, a college-
educated engineer, takes over North
American Coal’s presidency after
Taplin’s unexpected death at age
62 in 1938.
c.1945
Powhatan Mine is the first underground operation
in Ohio to be fully mechanized.
1956
1948
To replace bituminous coal’s waning railroad and
domestic heating business, North American Coal
begins to pursue long-term supply contracts with
electric utility companies