Monday, November 14, 2016

Timothy Regan: Freighter, Mining Expert, and Business Developer [otd 11/14]

Timothy Regan. J. H. Hawley photo.
Wealthy businessman and developer Timothy Regan was born November 14, 1843 near Rochester, New York. The family later moved to Wisconsin, where Timothy grew up and received a public school education. In 1864, he struck out on his own, taking the isthmus route to California.

He found little to his liking there and, in November, ended up in Silver City, Idaho. Almost broke, Timothy immediately found work chopping firewood. He then landed a job in the Poorman Mine, until it closed down in 1866. He went back to chopping wood, worked in Salt Lake City for a time, and then returned to the Silver City area when a new mine opened up in 1868.

Regan soon branched into several enterprises: operating a sawmill, transporting lumber and ore for the mines, and hauling freight in the region. In 1875, he and partner Hosea Eastman purchased the Idaho Hotel, in Silver City. (Regan bought Eastman out two years later.) Also in 1875, a bank failure ruined several mining companies and Regan, as one of their major creditors, acquired many of their properties.

Considered, according to the Illustrated History, “an expert in his judgment of ore,” Regan eventually held some of the most valuable properties in the area. He later sold many of these holdings at a substantial profit. Although he and his wife moved to Boise City in 1889, Timothy retained some of the mining properties as well as at least a share of the hotel. (He apparently sold the hotel interest about ten years later.)

Regan quickly became a force in Boise City development. Three years before the move, Regan had joined with Hosea Eastman and some others to organize the Boise City National Bank. (The building they later commissioned is today on the National Register of Historic Places.) Although he was a major stockholder, Timothy apparently never held an officer’s position with the bank.

Regan did serve for many years as the President of the Artesian Hot and Cold Water Company, which opened the Boise Natatorium in 1892. Supplied with hot water from nearby geothermal wells, “the Nat” is still a noted Boise landmark. He was also a major stockholder and officer for the Weiser Land & Improvement Company.

Regan was General Manager and Treasurer of the Overland Company, Ltd., another firm he and Eastman shared. Seeing a need for more office space in downtown Boise, the Company demolished the old Overland Hotel to make room for a new structure.
Overland Building, ca 1915. J. H. Hawley photo.

Largely completed in late 1906, with full occupancy early the following year, the Overland Building would, according to a headline in the Idaho Statesman (November 13, 1905) “be a credit to a city with a population of  100,000.” For many years after, the Overland, later renamed the Eastman Building, was the prestige business address in downtown Boise.

Regan and his brother-in-law, Frank Blackinger [blog, Aug 26] formed a separate partnership, which owned the Capitol Hotel. Regan and Hosea Eastman were, in fact, married to two of Blackinger’s four sisters.

The Regans’ younger son, John, was killed in France during World War I [blog, Feb 6]. Timothy passed away in October 1919.
                                                                                                                                      
References: [Hawley], [Illust-State]
“Boise City National Bank Building,” National Register of Historic Places, National Park Service.
Nancy DeHamer, “Hosea Eastman, Timothy Regan, and Frank Blackinger,” Reference Series No. 728, Idaho State Historical Society (1971). 

1 comment:

  1. Timothy Regan was my great grandfather and I loved reading your post and learning some new information about him.

    ReplyDelete