Notable breweries during this period included the Bavarian Brewery, started in 1849 by George Schlegel, which ultimately became the Shlegel Bavarian Brewery in 1860 when Bavarian Nicholas Schlee immigrated and took over. Schlee was president of the company that eventually constructed the Great Southern Hotel downtown. Schlee also owned the Lyceum Theater and served as vice president of the Central Bank. Conrad Born opened the Capital Brewery in 1859 and was also president of the Century Discount Company. The industry flourished during the early 20th century.