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Following his service in the Senate, Davis retired to Elkins, West Virginia, where he resumed banking and coal mining.
Davis ’ company now controlled, employed 1, 600 men of sixteen nationalities, operated two power plants, and worked over 1, 000 coke ovens and 9 mines within one mile ( 1. 6 km ) of the central office at Coketon in Tucker County.
By 1892, the Davis Coal and Coke Company, a partnership between Davis and his son-in-law, Senator Stephen Benton Elkins, was among the largest coal companies in the world.

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