Hetty Green
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Hetty Green
Hetty Green (November 21, 1834 – July 3, 1916), nicknamed the Witch of Wall Street, was an American businesswoman and financier known as "the richest woman in America" during the Gilded Age. She was named by the '' Guinness Book of World Records'' the "greatest miser". Despite her wealth, she was a renowned cheapskate, refusing to buy expensive clothes or pay for hot water, and wearing a single dress that was only replaced when it was worn out. She amassed a fortune as a financier at a time when nearly all major financiers were men. After her death, ''The New York Times'' wrote, "It was the fact that Mrs. Green was a woman that made her career the subject of endless curiosity, comment and astonishment." Birth and early years Henrietta ("Hetty") Howland Robinson was born in 1834 in New Bedford, Massachusetts, the daughter of Edward Mott Robinson and Abby Howland, the richest whaling family in the city. Her family members were Quakers who owned a large whaling fleet and also pr ...
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New Bedford, Massachusetts
New Bedford (Massachusett language, Massachusett: ) is a city in Bristol County, Massachusetts, Bristol County, Massachusetts. It is located on the Acushnet River in what is known as the South Coast (Massachusetts), South Coast region. Up through the 17th century, the area was the territory of the Wampanoag Native American people. English colonists bought the land on which New Bedford would later be built from the Wampanoag in 1652, and the original colonial settlement that would later become the city was founded by English Quakers in the late 17th century. The town of New Bedford itself was officially incorporated in 1787. During the first half of the 19th century, New Bedford was one of the world's most important whaling ports. At its economic height during this period, New Bedford was the wealthiest city in the world per capita. New Bedford was also a Abolitionism in New Bedford, Massachusetts, center of abolitionism at this time. The city attracted many freed or escaped Afric ...
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Bookkeeping
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the '' daybooks'' (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc. ...
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Manhattan
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state of New York. Located near the southern tip of New York State, Manhattan is based in the Eastern Time Zone and constitutes both the geographical and demographic center of the Northeast megalopolis and the urban core of the New York metropolitan area, the largest metropolitan area in the world by urban landmass. Over 58 million people live within 250 miles of Manhattan, which serves as New York City’s economic and administrative center, cultural identifier, and the city’s historical birthplace. Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, is considered a safe haven for global real estate investors, and hosts the United Nations headquarters. New York City is the headquarters of ...
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Russell Sturgis (1805-1887)
Russell Sturgis (; October 16, 1836 – February 11, 1909) was an American architect and art critic of the 19th and early 20th centuries. He was one of the founders of the Metropolitan Museum of Art in 1870. Sturgis was born in Baltimore County, Maryland. His parents were Russell Sturgis, a New York shipping merchant living temporarily in Baltimore, and Margaret Dawes (Appleton) Sturgis. His paternal grandparents were Thomas Sturgis (1755-1821), who served as a Private in Captain Micah Hamlin's Company, Colonel Simeon Cary's Regiment (1776) and was the younger brother of the merchant Russell Sturgis (1750-1826), and Elizabeth (Jackson) Sturgis (1768-1844)). Sturgis is, therefore, a second cousin to the merchant and banker Russell Sturgis (1805–1887). Educated in the public schools of New York City, Sturgis was graduated from the Free Academy in New York (now the College of the City of New York) in 1856, and later studied architecture under Leopold Eidlitz. For about a yea ...
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Partner (business Rank)
A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position, traditionally indicating co-ownership of a partnership in which the partners were entitled to a share of the profits as "equity partners". The title can also be used in corporate entities where equity is held by shareholders. Law firms In law firms, partners are primarily those senior lawyers who are responsible for generating the firm's revenue. The standards for equity partnership vary from firm to firm. Many law firms have a "two-tiered" partnership structure, in which some partners are designated as "salaried partners" or "non-equity" partners, and are allowed to use the "partner" title but do not share in profits. This position is often given to lawyers on track to become equity partners so that they can more easily generate business; it is typically a "probationary" status for associates (or former equity partners who do not generate enough revenue to maintain equity pa ...
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Vermont
Vermont () is a state in the northeast New England region of the United States. Vermont is bordered by the states of Massachusetts to the south, New Hampshire to the east, and New York to the west, and the Canadian province of Quebec to the north. Admitted to the union in 1791 as the 14th state, it is the only state in New England not bordered by the Atlantic Ocean. According to the 2020 U.S. census, the state has a population of 643,503, ranking it the second least-populated in the U.S. after Wyoming. It is also the nation's sixth-smallest state in area. The state's capital Montpelier is the least-populous state capital in the U.S., while its most-populous city, Burlington, is the least-populous to be a state's largest. For some 12,000 years, indigenous peoples have inhabited this area. The competitive tribes of the Algonquian-speaking Abenaki and Iroquoian-speaking Mohawk were active in the area at the time of European encounter. During the 17th century, Fr ...
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Forgery
Forgery is a white-collar crime that generally refers to the false making or material alteration of a legal instrument with the specific intent to defraud anyone (other than themself). Tampering with a certain legal instrument may be forbidden by law in some jurisdictions but such an offense is not related to forgery unless the tampered legal instrument was actually used in the course of the crime to defraud another person or entity. Copies, studio replicas, and reproductions are not considered forgeries, though they may later become forgeries through knowing and willful misrepresentations. Forging money or currency is more often called counterfeiting. But consumer goods may also be ''counterfeits'' if they are not manufactured or produced by the designated manufacturer or producer given on the label or flagged by the trademark symbol. When the object forged is a record or document it is often called a false document. This usage of "forgery" does not derive from metalwork d ...
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Forensic
Forensic science, also known as criminalistics, is the application of science to Criminal law, criminal and Civil law (legal system), civil laws, mainly—on the criminal side—during criminal investigation, as governed by the legal standards of admissible evidence and criminal procedure. Forensic science is a broad field that includes; DNA analysis, fingerprint analysis, blood stain pattern analysis, firearms examination and ballistics, tool mark analysis, serology, toxicology, hair and fiber analysis, entomology, questioned documents, anthropology, odontology, pathology, epidemiology, footwear and tire tread analysis, drug chemistry, paint and glass analysis, digital audio video and photo analysis. Forensic scientists collect, preserve, and analyze scientific evidence during the course of an investigation. While some forensic scientists travel to the scene of the crime to collect the evidence themselves, others occupy a laboratory role, performing analysis on objects brough ...
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Howland Will Forgery Trial
The Howland will forgery trial (''Robinson v. Mandell'') was a U.S. court case in 1868 where businesswoman Henrietta "Hetty" Howland Robinson, who would later become the richest woman in America, contested the validity of the will of her aunt, Sylvia Ann Howland. According to Howland's will, half of her $2 million estate () would go to various charities and entities, the rest would be in a trust for Robinson. Robinson challenged the will's validity by producing an earlier will that left the entire estate to Hetty, and which included a clause invalidating any subsequent wills. The case was ultimately decided against Robinson after the court ruled that the clause invalidating future wills and Sylvia's signature to it were forgeries.''Robinson v. Mandell,'' 20 F. Cas. 1027 (C.C.D. Mass. 1868) (No. 11,959) It is famous for the forensic use of mathematics by Benjamin Peirce as an expert witness. History Sylvia Ann Howland died in 1865, leaving roughly half her fortune of some 2 ...
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Principal (finance)
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity. The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. Etymology The English term "debt" was first used in the late 13th century. The term "debt" comes from ...
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William Tell Coleman
William Tell Coleman (1824–1893) was an American pioneer in the settlement of California. Early life William Tell Coleman was born in Cynthiana in Harrison County, Kentucky on February 29, 1824. He was educated at St. Louis University in Missouri. Committees of Vigilance In 1849, Coleman arrived in California and eventually settled in San Francisco, where he engaged in the shipping and commission business. Coleman was a leading figure in both the 1851 and 1856 Committees of Vigilance, which usurped civic power in order to drive out the Democratic Party machine and ostensibly to establish law and order. Under Coleman, these committees ignored ''habeas corpus'', conducted secret trials, lynchings, and deportations, and raised a militia. The 1856 Committee of Vigilance disbanded, but after transferring power to the new People's Party, which soon merged with the Republican Party and controlled San Francisco until 1867. Shipping After opening a branch in New York City, Coleman ...
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Henry Grinnell
Henry Grinnell (February 18, 1799 – June 30, 1874) was an American merchant and philanthropist. Early life Grinnell was born in New Bedford, Massachusetts on February 18, 1799. He was the son of Cornelius Grinnell (1758–1850) and Sylvia (née Howland) Grinnell (1765–1837). His siblings included Joseph Grinnell and Moses Hicks Grinnell. After graduating from the New Bedford Academy, Grinnell moved to New York City in 1818, where he became a clerk in the commission house of H.D. & E.B. Sewell. Career In 1825, Henry joined his older brother Joseph (who later served as member of the U.S. House of Representatives for Massachusetts) and Preserved Fish in Fish, Grinnell & Company. A few years later, with the addition of Henry's brother-in-law, Robert Bowne Minturn, the firm became Grinnell, Minturn & Company, whose operations were greatly expanded by its entry into the general shipping business. The company became one of the strongest and best known mercantile houses in New Yo ...
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