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Frank K. Sturgis
Frank Knight Sturgis (September 13, 1847 – June 15, 1932) was an American banker who served as president of the New York Stock Exchange and became a prominent member of New York society during the Gilded Age. Early life Sturgis was born in New York City on September 13, 1847. He was the son of William Sturgis Jr. (1806–1895) and Elizabeth Knight (née Hinckley) Sturgis (1809–1849). Among his siblings was Annie Sturgis Freeman, William Sturgis (who married Anna Sprague), and Thomas Sturgis (who married Helen Rutgers), who became a rancher in Wyoming. His father was a prominent merchant of New York, Boston and London and his mother was from an old Yarmouth, Massachusetts family. Sturgis traced his earliest American ancestry back to Edward Sturgis, who was born in England in 1613, and arrived in America in 1630. His paternal grandfather was William F. Sturgis, a Boston merchant in the Old China Trade, China trade, the California hide trade and the Maritime fur trade. His ...
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President Of The New York Stock Exchange
This is a list of presidents of the New York Stock Exchange. References {{reflist, 30em External linksPresidents and Chairmen of the New York Stock Exchange(PDF) New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ... New York Stock Exchange History of stock exchanges in the United States Presidents of the New York Stock Exchange ...
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Old China Trade
The Old China Trade () refers to the early commerce between the Qing Empire and the United States under the Canton System, spanning from shortly after the end of the American Revolutionary War in 1783 to the Treaty of Wanghia in 1844. The Old China Trade represented the beginning of relations between the United States and East Asia, including eventually U.S.–China relations. The maritime fur trade was a major aspect of the Old China Trade, as was illegal trafficking in opium. The trade era overlapped the First Opium War, which resulted from an attempt by China to enforce its prohibition on opium smuggling by Western traders and blockade-runners between 1839–1842. Origins Anglo-American hostilities ceased in 1783 following the Second Treaty of Paris that ended the American Revolutionary War and subsequently freed American trade from British control. At the time, increased global demand for tea was one of the primary reasons for a shortage of silver; this was the only curren ...
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Panic Of 1893
The Panic of 1893 was an economic depression in the United States that began in 1893 and ended in 1897. It deeply affected every sector of the economy, and produced political upheaval that led to the political realignment of 1896 and the presidency of William McKinley. Causes The Panic of 1893 has been traced to many causes, one of those points to Argentina; investment was encouraged by the Argentine agent bank, Baring Brothers. However, the 1890 wheat crop failure and a failed coup in Buenos Aires ended further investments. In addition, speculations in South African and Australian properties also collapsed. Because European investors were concerned that these problems might spread, they started a run on gold in the U.S. Treasury. Specie was considered more valuable than paper money; when people were uncertain about the future, they hoarded specie and rejected paper notes.Nelson, Scott Reynolds. 2012. A Nation of Deadbeats. New York: Alfred Knopf, p. 189. During the Gi ...
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Clearing House Association
The Clearing House is a banking association and payments company owned by the largest commercial banks in the United States. The Clearing House is the parent organization of The Clearing House Payments Company L.L.C., which owns and operates core payments system infrastructure in the United States, including ACH, wire payments, check image clearing, and real-time payments through the RTP network, a modern real-time payment system for the U.S. Supporting services include The Clearing House Payments Authority (a payments association with over 1,000 financial institution members and corporate subscribers) and ECCHO (an entity develops and maintains rules that govern private sector check image exchange for its members, and also engages in lobbying and education). Membership Members of The Clearing House include JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Bank of New York Mellon Corp., Deutsche Bank AG, U.S. Bancorp and Wells Fargo & Co.Bob Ivry"Fed Loses Bi ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ...
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Howard Sturgis
Howard Overing Sturgis (January 30, 1855 – February 7, 1920) was an English-language novelist who wrote about same-sex love. Of American parentage, he lived and worked in Britain. Early life "Howdie," as he was known to his intimates, was born in London on 30 January 1855 into an affluent New England American family. His father, Russell Sturgis, was a China trader and lawyer who later became head of Barings Bank in London. His mother was Russell's third wife, Julia Overing (née Boit) Sturgis. Among his siblings were brothers Julian (who also became a novelist) and Henry (who became MP for South Dorset) and sister Mary (wife of Bertram Falle, 1st Baron Portsea). From his father's earlier marriage, he had an elder half-brother, John Hubbard Sturgis, who was a noted Boston architect. He was described as "a delicate child, closely attached to his mother, and fond of such girlish hobbies as needlepoint and knitting, which he continued to practice throughout his life." His p ...
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Julian Sturgis
Julian Russell Sturgis (21 October 1848 – 13 April 1904) was a British-American novelist, poet, librettist and lyricist. Educated at Eton College, Eton and Balliol College, Oxford, Sturgis distinguished himself in Eton's sporting activities and rowed for Balliol for three years. He then played association football as an amateur, from 1872 to 1876, and was the first foreigner to play in, and the first to win, an FA Cup Final. Sturgis qualified as a barrister, but he embarked on a writing career in 1874, producing novels, poetry, plays and libretto, libretti. He wrote the words for four operas, with music by Arthur Goring Thomas, Arthur Sullivan, Alexander Mackenzie (composer), Alexander Mackenzie and Charles Villiers Stanford, respectively. He is, perhaps, best remembered as the librettist for Sullivan's 1891 opera ''Ivanhoe (opera), Ivanhoe''. Early life and education Sturgis was born in Boston, Massachusetts, the fourth son of merchant and lawyer Russell Sturgis (1805â ...
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John Hubbard Sturgis
John Hubbard Sturgis (August 5, 1834 – February 14, 1888)Boit, Robert Apthorp p. 207 was an American architect and builder who was active in the New England area during the late 19th century. His most prominent works included Codman House, Lincoln, Massachusetts, and the personal residence of Isabella Stewart Gardner. Later in his architectural career he founded, along with Charles Brigham, Sturgis and Brigham. The firm lasted nearly two decades in New England and received many notable commissions such as the Boston Museum of Fine Arts. Early life Sturgis was born in Macau, China on August 5, 1834. He was a son of the "very intelligent" Russell Sturgis, a wealthy Boston merchant active in the China opium trade. After attending Boston Latin School, he traveled extensively in Europe when his father became a partner in Barings Bank in London. In England, he studied architectural drawing under James K. Colling. In 1858, Sturgis married Frances Anne Codman of Boston, later to be ...
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Barings Bank
Barings Bank was a British merchant bank based in London, and one of England's List of oldest banks in continuous operation, oldest merchant banks after Berenberg Bank, Barings' close collaborator and German representative. It was founded in 1762 by Sir Francis Baring, 1st Baronet, Francis Baring, a British-born member of the German-British Baring family of merchants and bankers. The bank collapsed in 1995 after suffering losses of £827 million (£ billion in ) resulting from fraudulent investments, primarily in futures contracts, conducted by its employee Nick Leeson, working at its office in Singapore. History 1762–1889 Barings Bank was founded in 1762 as the John and Francis Baring Company by Sir Francis Baring, 1st Baronet, with his older brother John Baring (1730–1816), John Baring as a mostly silent partner. They were sons of Johann Baring, John (né Johann) Baring, wool trader of Exeter, born in Bremen, Germany. The company started business in offices off Cheapsid ...
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Russell Sturgis (1805–1887)
Russell Sturgis (July 7, 1805 November 2, 1887) was a Boston merchant active in the China trade, and later head of Baring Brothers in London. Early life Sturgis was born Nathaniel Russell Sturgis Jr., in Boston, Massachusetts, on July 7, 1805. He was a son of Nathaniel Russell Sturgis (1779–1856) and his wife, Susannah Thomsen (née Parkman) Sturgis. His younger brother was fellow merchant Henry Parkman Sturgis (father of author Maria Trinidad Howard Sturgis Middlemore), who served as United States Consul to the Philippines. His paternal grandparents were the merchant Russell Sturgis (1750-1826) and Elizabeth (née Perkins) Sturgis (a sister of merchant Thomas Handasyd Perkins), both of Boston Brahmin families. Through his great-uncle Thomas Sturgis (the younger brother of his grandfather Russell), he was a second cousin of architect and art critic Russell Sturgis (1836-1909), who married Sarah Maria Barney, a daughter of Danford Newton Barney, a president of Wells Fargo ...
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Adams Political Family
The Adams family was a prominent political family in the United States from the late 18th through the early 20th centuries. Based in eastern Massachusetts, they formed part of the Boston Brahmin community. The family traces to Henry Adams of Barton St David, Somerset, in England. The two presidents and their descendants are also descended from John Alden, who came to the United States on the ''Mayflower''. The Adams family is one of four families to have produced two presidents of the United States by the same surname, the others being the Bush family, Bush, Roosevelt family, Roosevelt, and Harrison family of Virginia, Harrison families. John Adams John Adams was born on October 30, 1735 (October 19, 1735, Old Style and New Style dates, Old Style, Julian calendar), to John Adams Sr. and Susanna Boylston. He had two younger brothers: Peter (1738–1823) and Elihu Adams, Elihu (1741–1775). Adams was John Adams Birthplace, born on the family farm in Braintree, Massachusetts, B ...
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Henry Adams
Henry Brooks Adams (February 16, 1838 – March 27, 1918) was an American historian and a member of the Adams political family, descended from two U.S. Presidents. As a young Harvard graduate, he served as secretary to his father, Charles Francis Adams, Abraham Lincoln's ambassador to the United Kingdom. The posting influenced the younger man through the experience of wartime diplomacy, and absorption in English culture, especially the works of John Stuart Mill. After the American Civil War, he became a political journalist who entertained America's foremost intellectuals at his homes in Washington and Boston. During his lifetime, he was best known for ''The History of the United States of America 1801–1817'', a nine-volume work, praised for its literary style, command of the documentary evidence, and deep (family) knowledge of the period and its major figures. His posthumously published memoir, ''The Education of Henry Adams'', won the Pulitzer Prize and went on to be nam ...
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