
WILLIAM B. AUSTIN
William Baden Austin, of Rensselaer, is of Scotch Welsh extraction, by
a union of the families of Austin and Webb. Austin is a good old Scotch
Presbyterian name, known through more than two centuries in America as
the synonym of integrity and uprightness. For several years the family
lived in Virginia, whence John Baden Austin, grandfather of our
subject, born in 1788,
emigrated to Kentucky about the opening of the present century and
settled in Cynthiana, Harrison county. The first of the Webbs came to
this country from Wales and settled in the colony of Connecticut near
the beginning of the eighteenth century. Some of them bore a
conspicuous part in the Revolutionary war, and many have at different
times been honored with important political offices in various states.
Frederick Webb, grandfather of the subject of this sketch, removed from
Connecticut and settled in Xenia, Ohio, from which place he moved to
Tippecanoe county, Indiana, where his family was reared.
William Baden
Austin, the son of John Martin Austin and Sarah Jane Webb, was born in
Rensselaer, Indiana, April 21, 1860. His mother was the daughter of
Frederick Webb and a native of Lawrence county,- Ohio; his father was
the son of John Baden Austin, and was born at Cynthiana, Harrison
county, Kentucky, in 1823, removed with his father's frailty from
Kentucky to Indiana in 1838, and settled in Crawfordsville, where he
engaged in mercantile business for nearly twenty years. In 1857 John M.
Austin removed to Rensselaer, where he continued the business of a
merchant until his death, in 1877. William B. was then a youth of
seventeen. He had already acquired a good common school education, and
was, in fact, prepared to enter college. He inherited about two
thousand dollars from his father's estate, which he placed at compound
interest by investing in the essentials of a broad and liberal
education. Entering Wabash College, at Crawfordsville, in the fall of
1877, he completed the course and was graduated a Bachelor of Science
in 1881. Two years later the degree of Master of Arts was conferred
upon him by the same college for proficiency in literary pursuits.
After attendance
for one term at the Union Law School, Chicago, he was admitted to the
bat in 1881, and entered upon the practice with Hon. Simon P. Thompson,
his former employer and preceptor. By absorption, association,
observation and study he had already acquired a good general and
practical knowledge of the law. From the age of eight years until the
completion of his collegiate education, except the terms spent in
school, he was employed by Mr. Thompson as office boy and clerk. During
the first six years of active practice his association with Judge
Thompson was continued, three years of the time as a member of the firm
of Thompson & Brother. In 1887 he became associated in the
partnership with Hon. Edwin P. Hammond, now of Lafayette, which was
dissolved when Judge Hammond assumed judicial duties on the circuit
bench. For three years thereafter he was a senior member of the firm of
Austin, Hollingsworth & Company, which controlled a very large law
business along commercial lines. Since the dissolution of this firm, in
December, 1895, Mr. Austin has not formed any partnership
relations, but has continued in the practice alone. He is a good lawyer
and very much in love with his profession. He has been remarkably
successful in the management of all enterprises with which he has been
actively connected, and at the same time has built up for himself a
comfortable fortune and a reputation for business sagacity.
In the year 1888
he organized the Rensselaer Building & Loan Association, which
enjoys the exceptional record of never having closed a mortgage. He
organized the Rensselaer Water. Light and Power Company in 1889 and
served as Secretary and treasurer of the corporation until the plant
was purchased by the city, in 1897. In 1890 he organized the Rensselaer
Land & Improvement Company, of which he has been a director from
the beginning. This company has had a prosperous career. Mr. Austin is
the largest stockholder in the Jasper County Telephone Company,
organized in 1896. During that year he platted and placed on the market
Austin & Paxton's first and second additions to the city of
Rensselaer. In April, 1895, he organized the Commercial State Bank of
Rensselaer, and held the controlling interest for a long
time. He sold his interest at a good profit in 1897.
While eminently successful in the
advancement of his own interests, he has always been active and
efficient in promoting such public enterprises and improvements as
conserve the general welfare. His discernment is keen and his apprehension quick, so that he is
able instantaneously to grasp and determine the merits of a
proposition. He is never balked by indecision or hesitancy, but is prepared to decide or
to act with equal alacrity. He is alert, energetic and judicious,
moving forward resolutely to the accomplishment of a clearly defined
purpose. In 1896 he instituted and endowed for Wabash College the "Austin Prize Debate."
This provides for the annual award of a fifty dollar prize to the
member of the junior class who stands highest in a debating contest. Mr. Austin
has always been an active member of the Republican party and a liberal
contributor to its campaign expenses, but has not been a candidate for
political office. In the recent senatorial contest he advocated the cause of Hon.
Albert J. Beveridge. Mr. Austin is a member of the Marquette Club, of
Chicago, and the Lafayette Club, of Lafayette, Indiana. In 1882 he
married Miss Louie, eldest daughter of Judge Edwin P. Hammond, and has
one child, Miss Virginia, born in
1883.
