In the early 1920s, the Singer Company, manufacturer best known for its sewing machines, began logging the area.
The amount exceeds the $50 million recovered by the Government last week in a case against a former division of the Singer Company.
He advanced in sales positions before jumping to the Singer Company, where he made the transition into corporate management.
When he retired in 1978, he was a vice president with the Singer Company.
The Singer Company said today that it was talking with potential buyers about being acquired.
Then he announced that he owned 4.4 percent of the Singer Company and might increase his stake to 15 percent.
He was a lead negotiator for 2,100 workers in a bitter 23-week strike at the Singer Company in 1949.
The Singer Company said yesterday that it planned to repurchase up to 10 percent of its 50.6 million common shares.
Mergers and acquisitions also forced businesses, like the Singer Company, to leave Stamford.
He was a vice president at the Singer Company before joining Huffy.