E. M. Peters, president of the Salem Finance & Discount Company, is a substantial business man of Columbiana
County. He was born at Steubenville, Ohio, Feb. 27, 1865, and is the son of Charles H. and Ellen J. Peters. He
was one of seven children.
Mr. Peters was educated in the public schools of Sharpsville, Pa., where his parents took up their residence in
1870, his father being yardmaster for the Erie & Pittsburgh Railroad at that place. At the age of 17 years
Mr. Peters became a brakeman on the branch of the Pennsylvania Lines and left this line of employment while yardmaster
at Sharon, Pa. When 28 years of age he entered the employ of Hall & Company, blast furnace operators, in the
capacity of bookkeeper. Three years later he was appointed superintendent of the Etna Furnace of the Atlantic Iron
& Stee1 Company at New Castle, Pa., and continued in that capacity for three years, going from there to Uniontown,
Pa., as superintendent of the Beeson Coke Works of the Stewart Iron Company of Sharon, Pa.
In 1900 the Rhoades interest of Pittsburgh bought the Cherry Valley works, consisting of blast furnace, coke works
and coal mine at Leetonia, and Mr. Peters became associated with them as general superintendent. Later, they bought
the Fannie blast furnace at West Middlesex, Pa., and the Penn Coke Works near Latrobe, Pa., and these came under
his charge. About 1906 these interests became heavily interested in ore mines in the ore region and the firm was
changed to the United Iron & Steel Company, and he moved to Pittsburgh and became secretary and assistant treasurer
of the new company. In 1908 the control of this company passed to M. A. Hanna & Company of Cleveland, and Mr.
Peters then removed to Hamilton, Ohio, and became president of the Miami Iron & Steel Company, the Hamilton
Otto Coke Company and the Hamilton Gas & Electric Company of that city. In 1921 he moved to Salem, and organized
the Salem Finance & Discount Company, was elected president of that company and has continued in that capacity
In 1887 Mr. Peters was married at Hermitage, Mercer County, Pa., to Miss Anna A. Lytle, the daughter of William
S. and Margaret Lytle. To this union four children were born: Charles M., Gertrude A., Norman H. and William E.
In politics Mr. Peters is a Republican. He has never held any public office except as a member of council at Sharpsville,
Pa., in 1886. In 1924 he was elected president of the Salem Chamber of Commerce and served for two years. Mr. Peters
is an excellent citizen and has an extensive acquaintance throughout the community.
History of Columbiana County, Ohio
By: Harold B. Barth
Historical Publishing Company
Columbiana County, Ohio Biographies
Names A to F
Names G to M
Names N to Z
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