Franklin Reed was born in Phipsburg, and is the second son of William M. and Caroline Drummond Reed. He attended
school at the Academy in Bath and later at a private school in Portland.
At twenty years of age he formed a partnership, in Bath, in the dry goods business, with Henry W. Field, under
the firm of Field & Reed. He continued in this business five years, when he accepted the secretaryship of an
insurance company, of which Capt. John Fisher was president. In 1857 he started an insurance business on his own
account, his brother, Edwin, joining with him in 1860. For twenty years the firm of F. & E. Reed did a large
business and were well known in all shipping circles. In 188o Edwin removed to Boston and the firm was dissolved.
In 1853 Franklin became a member of his father's ship building firm, and after the death of the latter, in 1866,
he continued the business in connection with his brother, Edwin. They launched a number of large vessels from their
yard in the southern part of the city. Mr. Reed was elected director of the Sagadahoc Bank while his father was
president, an office he held until 1874, when he was elected president, a position he still retains. He was president
also of the Twenty five Cent Savings Bank for some years. In 1885 he held the presidency of the Sagadahoc Agricultural
Society, but declined a reelection. While a young man he was a member of the Bath City Grays, a military company
that was favorably known throughout the state.
Although strong in his feelings politically, he has never taken an active part in politics. In his earlier years
he was a member of the Republican party and filled a number of offices in the city government under the administration
of that party. He joined in the Greeley movement after the war and eventually became a Democrat, being the nominee
of that minority party for Congress in 1881.
Mr. Reed developed an aptitude for business from his earliest years, and has achieved success in the various branches
he has undertaken. Cautious and careful in details, devoting himself with unceasing zeal to his duties, both public
and private, his reliability and good judgment have won for him the confidence and respect of his fellow townsmen.
On November 5, 1857, Franklin Reed married Sarah Augusta Weeks. They had two children: Ada Frances, who died when
an infant, and Frederic Clinton, who was born October 9, 1855, was educated in the Bath public schools and Cornell
University, read law with Charles W. Larrabee, in Bath. He died in Brunswick, in 1887, and is interred in Oak Grove
History of Bath and Environs,
Sagadahoc County, Maine.
BY: Parker McCobb Reed
Lakeside Press, Printers
Portland, Maine, 1894
Sagadahoc County, ME
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