The inspiration for the name is a reference to Cleveland, describing a highly sophisticated society amid a heavily forested environment in Alexis de Tocqueville's Democracy in America, which contains the Frenchman's observations of the United States in the 1830s.
He is often credited with establishing the Cleveland nickname, "The Forest City", as a result of a city-wide fruit-tree planting campaign.
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In 1881, Davis moved to Rockford where he became director of the Forest City Insurance Company and the Rockford National Bank.