Yankee Captain Found Opportunity Here
As published by the Daily news Journal, Sunday, February 20, 2011
By Greg Tucker, firstname.lastname@example.org
This Yankee came south to quell the rebellion. Seriously wounded at Stones River, he recuperated in a local home. After the war he returned to Rutherford to make it his home. He also made a fortune.
William Northcraft Doughty was born in Virginia in 1820, but soon moved to Ohio and then to Rush County, Indiana, with his family. By 1860, the 41-year-old Doughty was established as a prosperous merchant and lawyer, married to Sara Jane Abernathy, and the father of four surviving children.
In 1861 Doughty joined the Union Army's 37th Indiana Regiment, Company I, and was given the rank of captain. An aggressive leader, he was wounded three times before suffering serious injuries at the Battle of Stones River, which ended his military career. He was relieved of duty and nursed in a Murfreesboro household until able to return to his home in Indiana.
According to one account of family history, the friendships Doughty made during his recuperation "were so strong" that he moved his family to Murfreesboro soon after the war ended. He opened a business on the northwest corner of the square in Murfreesboro, and resided on the northwest corner of the East Lytle and North Academy intersection. (The "Doughty House" still stands, but the brick and wood exterior is now covered with stucco. Two other houses share the once-extensive yard and garden.)
Prospering as a lumber trader, general merchant and attorney,
Doughty was among the founders of the First National Bank of
the various advantages of status as a "national bank" was the
authority to issue "national currency." Before the Civil
1863 Act had two purposes: 1) to raise money to finance the war; and
2) to protect the public from currency issued by
actual printing of bank notes in 1863 was left to the private
sector, and several large bank note firms competed for the
During the post-war period of rapid financial growth and industrial
development, the Stones River Utility Works purchased 11
1878, however, the Bucket Factory was in distress, the note was in
default and the bank went to court. In a sale ordered
During the 1880s, the Doughty family owned not only the business on
the square with a substantial inventory of locally made furniture
and carpets (the E.L. Doughty & Co. store), but also the Doughty
Mfg. Co. (furniture and "red cedar ware") and the E.L. Doughty, Bro.
& Co. (red cedar buckets, churn tubs and "celebrated moth-proof
chests"). The financially-troubled Bucket Factory was sold to
Prewitt-Spur & Co., a Nashville-based firm, in 1885.