City Bank-Farmers Trust Company
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City Bank-Farmers Trust Company
The Farmers' Loan and Trust Company was a national bank headquartered in New York City that later became Citibank. History On February 28, 1822, the New York State Legislature granted a charter to the Farmers' Fire Insurance and Loan Company with capital stock of $500,000 which could be increased to $1,000,000 "when expedient". At the first meeting of the board of directors on March 9, 1822, John T. Champlin, the largest individual stockholder, was chosen president and served until his death in 1830. In 1836, its name was changed to the Farmers' Loan and Trust Company. In 1879, Roswell G. Rolston served as president and George F. Talman was vice president. The members of the executive committee of the board of directors were Moses Taylor ( president of National City Bank), John Jacob Astor III, Isaac Bell Jr. (a cotton broker who was the U.S. Minister to the Netherlands), Talman, Samuel Sloan (president of the Delaware, Lackawanna and Western Railroad), Edward Minturn (of G ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Samuel Sloan (railroad Executive)
Samuel Sloan (December 25, 1817 – September 22, 1907) was an American politician, businessman and executive. He is most known for his tenure as the president of the Delaware, Lackawanna & Western Railroad (DL&W) for 32 years. Early life Samuel Sloan was born in Lisburn, County Down, Ireland to William and Elizabeth Sloan and moved to New York when he was one year old. He attended the Columbia College Preparatory school until he was 14, at the time of his father's death. After withdrawing, he became employed at an importing house in New York, eventually becoming the head of the firm. Career Sloan was elected as a Supervisor in Kings County (Brooklyn) in 1852, and was president of the Long Island College Hospital. He became a director of the Hudson River Railroad in 1855, left the importing business in 1857 and was elected to the New York State Senate, where he served for two years. He became a director of the Delaware, Lackawanna & Western Railroad in 1864, and became its p ...
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First National City Bank Of New York
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. It was founded as City Bank of New York and became National City Bank of New York. It has had an important role in war bonds. It has had a role in international events including the U.S. invasion of Haiti. History Early history The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few became ...
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National City Bank Of New York
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. It was founded as City Bank of New York and became National City Bank of New York. It has had an important role in war bonds. It has had a role in international events including the U.S. invasion of Haiti. History Early history The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few became ...
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First National City Trust Company
The Farmers' Loan and Trust Company was a national bank headquartered in New York City that later became Citibank. History On February 28, 1822, the New York State Legislature granted a charter to the Farmers' Fire Insurance and Loan Company with capital stock of $500,000 which could be increased to $1,000,000 "when expedient". At the first meeting of the board of directors on March 9, 1822, John T. Champlin, the largest individual stockholder, was chosen president and served until his death in 1830. In 1836, its name was changed to the Farmers' Loan and Trust Company. In 1879, Roswell G. Rolston served as president and George F. Talman was vice president. The members of the executive committee of the board of directors were Moses Taylor ( president of National City Bank), John Jacob Astor III, Isaac Bell Jr. (a cotton broker who was the U.S. Minister to the Netherlands), Talman, Samuel Sloan (president of the Delaware, Lackawanna and Western Railroad), Edward Minturn (of G ...
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Hotel Knickerbocker
The Knickerbocker Hotel is a hotel at Times Square, on the southeastern corner of Broadway (Manhattan), Broadway and 42nd Street (Manhattan), 42nd Street, in the Midtown Manhattan neighborhood of New York City. Built by John Jacob Astor IV, the hostelry was designed in 1901 and opened in 1906. Its location near the Theater District, Manhattan, Theater District around Times Square was intended to attract not only residential guests but also theater visitors. The Knickerbocker Hotel is largely designed in the Beaux-Arts architecture, Beaux-Arts style by Marvin & Davis, with Bruce Price as consultant. Its primary frontages are on Broadway and 42nd Street. These facades are constructed of red brick with terracotta details and a prominent mansard roof. The Knickerbocker Hotel also incorporates an annex on 41st Street, built in 1894 as part of the St. Cloud Hotel, which formerly occupied the site. The 41st Street facade contains a Romanesque Revival architecture, Romanesque Revival de ...
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Bank Of America Trust Company
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Trust Law
A trust is a legal relationship in which the holder of a right gives it to another person or entity who must keep and use it solely for another's benefit. In the Anglo-American common law, the party who entrusts the right is known as the "settlor", the party to whom the right is entrusted is known as the "trustee", the party for whose benefit the property is entrusted is known as the " beneficiary", and the entrusted property itself is known as the "corpus" or "trust property". A ''testamentary trust'' is created by a will and arises after the death of the settlor. An ''inter vivos trust'' is created during the settlor's lifetime by a trust instrument. A trust may be revocable or irrevocable; an irrevocable trust can be "broken" (revoked) only by a judicial proceeding. The trustee is the legal owner of the property in trust, as fiduciary for the beneficiary or beneficiaries who is/are the equitable owner(s) of the trust property. Trustees thus have a fiduciary duty to manage th ...
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City Bank-Farmers Trust Company
The Farmers' Loan and Trust Company was a national bank headquartered in New York City that later became Citibank. History On February 28, 1822, the New York State Legislature granted a charter to the Farmers' Fire Insurance and Loan Company with capital stock of $500,000 which could be increased to $1,000,000 "when expedient". At the first meeting of the board of directors on March 9, 1822, John T. Champlin, the largest individual stockholder, was chosen president and served until his death in 1830. In 1836, its name was changed to the Farmers' Loan and Trust Company. In 1879, Roswell G. Rolston served as president and George F. Talman was vice president. The members of the executive committee of the board of directors were Moses Taylor ( president of National City Bank), John Jacob Astor III, Isaac Bell Jr. (a cotton broker who was the U.S. Minister to the Netherlands), Talman, Samuel Sloan (president of the Delaware, Lackawanna and Western Railroad), Edward Minturn (of G ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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James Lenox
James Lenox (August 19, 1800 – February 17, 1880) was an American bibliophile and philanthropist. His collection of paintings and books eventually became known as the Lenox Library and in 1895 became part of the New York Public Library. Early life Lenox was born in New York City on August 19, 1800. He was the only surviving son of six children born to Rachel (née Carmer) Lenox and Robert Lenox (1759–1839). His father was a wealthy merchant who was born in Kirkcudbright, Scotland, emigrated to America during the Revolutionary War, and settled in New York in 1783. Of his five sisters, four married and one remained single, like Lenox, throughout her life. His maternal grandfather was Nicholas Carmer, a New York cabinet maker. Upon his father's death in 1839, Lenox inherited a fortune of over a million dollars and 30 acres of land between Fourth and Fifth Avenues. A graduate of Columbia College, he studied law and was admitted to the bar, but never practiced. He retired f ...
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Robert Lenox Kennedy
Robert Lenox Kennedy (November 24, 1822 – September 14, 1887), was an American banker and philanthropist who served as president of the National Bank of Commerce in New York and the Lenox Library (New York City), Lenox Library. Early life Kennedy was born in New York City on November 24, 1822. He was the eldest child of David S. Kennedy (1791–1853) and Rachel Carmer (née Lenox) Kennedy (1792–1875), who were first cousins. He had three siblings, a brother, James Lenox Kennedy (who married Cornelia Van Rensselaer family, Van Rensselaer, a daughter of Henry Bell Van Rensselaer); and two sisters, Rachel Lenox Kennedy, who founded the Presbyterian Rest for Convalescents, and Mary Lenox Kennedy, who both died unmarried. His father was a Scottish-American merchant and banker with Maitland & Kennedy who served as president of the Saint Andrew's Society of the State of New York. His maternal grandparents were Robert Lenox, a Scottish-American merchant, and Rachel (née Carmer) Lenox ...
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