William A. Paine
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William A. Paine
William Alfred Paine (January 29, 1855 – September 24, 1929) was an American businessman who co-founded the brokerage firm Paine Webber. He was also instrumental in the creation of the mining venture Copper Range Consolidated Company. Biography Born in Amesbury, Massachusetts, Paine was the son of Albert Paine and Sarah (Sergeant) Paine. He began his career in finance in 1873 as a clerk at a bank in Boston. In 1880, with a loan from his father, he partnered with Wallace G. Webber to create the brokerage firm, Paine, Webber & Company. They became members of both the Boston and New York Stock Exchanges. Outside of building a successful brokerage business, Paine was involved in the major mining venture, Copper Range Consolidated Company in the "Copper Country" of Michigan. In 1899, he invested in the Copper Range Consolidated Company and helped arrange the financing for the company. He then served as president of the company. After running his highly successful brokerage ...
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Amesbury, Massachusetts
Amesbury is a city in Essex County, Massachusetts, United States, located on the left bank of the Merrimack River near its mouth, upstream from Salisbury and across the river from Newburyport and West Newbury. The population was 17,366 at the 2020 United States Census. A former farming and mill town, Amesbury is today largely residential. It is one of the two northernmost towns in Massachusetts (the other being neighboring Salisbury). History Settlement period In 1637, the first English settler in the Salisbury-Amesbury region, John Bayly, crossed the Merrimack River from the new settlement at Newbury, built a log cabin, and began to clear the land for cultivation. He intended to send for his wife and children in England, but they never joined him.. He and his hired man, William Schooler, were arrested for a murder Schooler had committed. Schooler was hanged for the murder but Bayly was acquitted. Given the fishing rights on the river by the subsequent settlement, provided he w ...
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Copper Country
The Copper Country is an area in the Upper Peninsula of Michigan in the United States, including Keweenaw County, Michigan, Houghton, Baraga and Ontonagon counties as well as part of Marquette County. The area is so named as copper mining was prevalent there from 1845 until the late 1960s, with one mine (the White Pine mine) continuing through 1995. In its heyday in the latter half of the 19th century and the early 20th century, the area was the world's greatest producer of copper. Native copper Copper Country is highly unusual among mining districts in that the copper mined was predominantly in its elemental ("native") form, rather than in the form of compounds (mostly oxides and sulfides) that form the basis of the copper ore at almost every other copper-mining district. History Native Americans mined copper from small pits as early as 3000 B.C. on this peninsula surrounded by the waters of Lake Superior. Douglass Houghton, the State Geologist of Michigan in the mid 18 ...
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Businesspeople From Boston
A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital with a view to fueling economic development and growth. History Prehistoric period: Traders Since a "businessman" can mean anyone in industry or commerce, businesspeople have existed as long as industry and commerce have existed. "Commerce" can simply mean "trade", and trade has existed through all of recorded history. The first businesspeople in human history were traders or merchants. Medieval period: Rise of the merchant class Merchants emerged as a "class" in medieval Italy (compare, for example, the Vaishya, the traditional merchant caste in Indian society). Between 1300 and 1500, modern accountin ...
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American Financiers
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * ...
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Stockbrokers
A stockbroker is a regulated broker, broker-dealer, or registered investment adviser (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks and other investments to financial market participants in return for a commission, markup, or fee, which could be based on a flat rate, percentage of assets, or hourly rate. The term also refers to financial companies, offering such services. Examples of professional designations held by individuals in this field, which affects the types of investments they are permitted to sell and the services they provide include chartered financial consultants, certified financial planners or chartered financial analysts (in the United States and UK), chartered strategic wealth professionals (in Canada), chartered financial planners (in the UK). The Financial Industry Regulatory Authority provides an online tool designed to help understand profession ...
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1929 Deaths
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album '' Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by Slipk ...
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1855 Births
Events January–March * January 1 – Ottawa, Ontario, is incorporated as a city. * January 5 – Ramón Castilla begins his third term as President of Peru. * January 23 ** The first bridge over the Mississippi River opens in modern-day Minneapolis, a predecessor of the Father Louis Hennepin Bridge. ** The 8.2–8.3 Wairarapa earthquake claims between five and nine lives near the Cook Strait area of New Zealand. * January 26 – The Point No Point Treaty is signed in the Washington Territory. * January 27 – The Panama Railway becomes the first railroad to connect the Atlantic and Pacific Oceans. * January 29 – Lord Aberdeen resigns as Prime Minister of the United Kingdom, over the management of the Crimean War. * February 5 – Lord Palmerston becomes Prime Minister of the United Kingdom. * February 11 – Kassa Hailu is crowned Tewodros II, Emperor of Ethiopia. * February 12 – Michigan State University (the "pioneer" l ...
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Freda, Michigan
Freda is an Unincorporated area, unincorporated community fifteen miles west of Houghton, Michigan, Houghton, United States in the Stanton Township, Michigan, Stanton Township. History Freda was a key part of the copper industry in the Upper Peninsula of Michigan, on the western edge of the Keweenaw Peninsula. The large mill located in the town received copper ore from the surrounding region. The town was named after William A. Paine's daughter. Freda and its companion, Beacon Hill, Michigan, Beacon Hill, were owned and maintained by the Champion Mining Company, a subsidiary of Copper Range Consolidated Company, Copper Range Consolidated. The town existed essentially to serve the large Champion Copper Mill, which processed copper-bearing rock from the nearby Champion Mines. The mill was served by the Copper Range Railroad, which also provided passenger service to the area. A post office operated from July 12, 1907, until March 12, 1964. As a result of its location on a major ...
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Painesdale, Michigan
Painesdale is an unincorporated community in Houghton County, Michigan, United States. Painesdale is located in Adams Township along M-26, southwest of South Range. Painesdale has a post office with ZIP code 49955. History Painesdale was built by the Champion Mining Company between 1899 and 1917, and named after the Boston businessman William A. Paine, who was associated with many mines as well as the Paine Webber brokerage. Painesdale was located near the copper load, and the company designed the town following theories of efficient planning. In 1993, the town was added to the National Register of Historic Places The National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance or "great artistic v ....Bogue, Margaret Beattie (2007)''Around the Shores of Lake Superior: A Guide to Historic Sites'' p. 300. The Uni ...
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Wall Street Crash Of 1929
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called ''Black Thursday'', the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called ''Black Tuesday'', when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. Background The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Amer ...
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Michigan
Michigan () is a state in the Great Lakes region of the upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the 10th-largest state by population, the 11th-largest by area, and the largest by area east of the Mississippi River.''i.e.'', including water that is part of state territory. Georgia is the largest state by land area alone east of the Mississippi and Michigan the second-largest. Its capital is Lansing, and its largest city is Detroit. Metro Detroit is among the nation's most populous and largest metropolitan economies. Its name derives from a gallicized variant of the original Ojibwe word (), meaning "large water" or "large lake". Michigan consists of two peninsulas. The Lower Peninsula resembles the shape of a mitten, and comprises a majority of the state's land area. The Upper Peninsula (often called "the U.P.") is separated from the Lower Peninsula by the Straits of Mackinac, a channel that joins Lak ...
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William Alfred Paine (Paine Webber) Older
William is a masculine given name of Norman French origin.Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names'', Oxford University Press, 2nd edition, , p. 276. It became very popular in the English language after the Norman conquest of England in 1066,All Things William"Meaning & Origin of the Name"/ref> and remained so throughout the Middle Ages and into the modern era. It is sometimes abbreviated "Wm." Shortened familiar versions in English include Will, Wills, Willy, Willie, Liam, Bill, and Billy. A common Irish form is Liam. Scottish diminutives include Wull, Willie or Wullie (as in Oor Wullie or the play ''Douglas''). Female forms are Willa, Willemina, Wilma and Wilhelmina. Etymology William is related to the German given name ''Wilhelm''. Both ultimately descend from Proto-Germanic ''*Wiljahelmaz'', with a direct cognate also in the Old Norse name ''Vilhjalmr'' and a West Germanic borrowing into Medieval Latin ''Willelmus''. The Proto-German ...
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