Category: Business and Industry

PRESCOTT, BALL AND TURBEN, INC., one of the largest regionally based investment firms between New York and Chicago, was the product of several mergers. In 1924 Charles B. Merrill and Claude F. Turben organized Merrill, Turben & Co. and in 1934, Edward P. Prescott and Morton J. Stone formed Prescott & Co., located in the National City Bank Bldg. at E. 6th St. and Euclid Ave.

PRIMO VINO, which opened on April 15, 1982, was a restaurant that both epitomized and catalyzed Little Italy’s growth as a major dining and entertainment district in Greater Cleveland during the last quarter of the twentieth century.

PRINTZ-BIEDERMAN CO., one of the oldest American manufacturers of women's apparel, was organized in Dec. 1893 by master tailor Moritz Printz. A native of Austria, Printz came to Cleveland in 1872 to work for his brother-in-law, cloak manufacturer David Black. The head designer for D. Black & Co., Printz stayed in Cleveland when Black moved his company to New York in 1894.

The PROGRESSIVE CORP., a Cleveland-based insurance holding company specializing in non-standard, high-risk automobile insurance, began in 1937 when attorneys Joseph M. Lewis and J. H. Green formed the Progressive Mutual Insurance Co. with $10,000 in capital.

QUINCY SAVINGS & LOAN. See CLEVELAND COMMUNITY SAVINGS CO.

RADIO. In Cleveland, the development of radio went through 3 distinct phases: an initial, largely experimental period which gradually became commercialized; a second when radio flourished as a commercial medium; and the third following WORLD WAR II, when radio strove to cope with television and increasing competition within its own industry.

The RANDALL PARK MALL was one of the world's largest enclosed shopping malls when it opened in 1976. It was built by the Edward J. DeBartolo Corp. of Youngstown, a major developer of shopping centers.

RAUCH & LANG CARRIAGE CO. See BAKER MATERIALS HANDLING CO.

REAL ESTATE. The history of real estate development in Cleveland is the story of property owners who speculated on the economic future of the city and anticipated the effect of growth upon property values in different locations.

The REAL PROPERTY INVENTORY OF METROPOLITAN CLEVELAND (RPI) collected detailed statistics and issued reports about population trends, housing, manufacturing, retail business, and other aspects of life in the Cleveland area.

RENAISSANCE CLEVELAND HOTEL (formerly Cleveland Hotel, Hotel Cleveland, Stouffer's Inn on the Square, and Stouffer Renaissance Cleveland Hotel) is the most recent hotel to occupy the historic PUBLIC SQUARE site at the intersection of Superior Ave. at the Square.

The REPUBLIC STEEL CORP., headquartered in Cleveland, was the 5th-largest steel producer in the U.S. at the time of its merger into LTV Steel in 1984. Republic was established on 8 Apr. 1930 by CYRUS EATON and WM. G. MATHER through an amalgamation of several steel companies.

RESTAURANTS. Since Cleveland's earliest days, restaurants, taverns, and saloons have generally served as social centers for communities or neighborhoods. The isolation Cleveland's first settlers felt would have been lessened at LORENZO CARTER's tavern on Superior St. (ca.

The RETAIL MERCHANTS BOARD, INC., organized to promote sales and influence buying patterns, began in 1898 as a committee of the Chamber of Commerce and was formally organized in 1900. The board, made up of downtown merchants, met weekly to discuss the state of retail trade in Cleveland.

REVCO D.S., INC., one of the largest drugstore chains in the area and a pioneer in the discount drug field, was founded in 1956 by Detroit drugstore operator Bernard Shulman. Shulman, who saw an opportunity to apply high-volume, low-margin merchandising to the drug business, had a chain of 4 stores in 1957, which he named Regal D.S., Inc. The company was an instant success, with $300,000 in annual sales.

The RICHMAN BROTHERS CO. manufactured and sold men's suits, furnishings, and hats, supplying a national network of stores from its 23-acre tailoring plant and offices at 1600 E. 55th St. The firm began in 1879 when Henry Richman moved his manufacturing and wholesale clothing business to Cleveland from Portsmouth, OH.

ROCK SALT. Cleveland generates massive amounts of salt from below ground annually, but few outside academia or the salt industry may know that the area's halite deposits were discovered generations before the INTERNATIONAL SALT COMPANY opened the WHISKEY ISLAND mine.