Hugh McCaffrey was also an owner of the famous "Magnolia" flouring mill. The mill had the capacity for grinding 1,200 bushels of wheat and turning out 300 barrels of flour. [per day]
From the 1914 History of Miami County:
In 1892 he purchased the Peru Milling Company and after running it a few years finding it was not up-to-date he decided to build and in 1895 he built the present three hundred barrel mill using the former building for an elevator.
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