Major Hoyt Sherman (November 21, 1827 – January 25, 1904), a member of the prominent Sherman family, was an American

banker 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. Becaus ...

Biography

Hoyt Sherman was born in 1827 in

Lancaster, Ohio Lancaster ( ) is a city in Fairfield County, Ohio, in the south-central part of the state. As of the 2020 census, the city population was 40,552. The city is near the Hocking River, about southeast of Columbus and southwest of Zanesville. It is ...

, the son of Charles R. Sherman, Judge of the Ohio Supreme Court. He was the youngest of eleven children, brother of US Federal Judge

Charles Taylor Sherman Charles Taylor Sherman (February 3, 1811 – January 1, 1879) was a United States district judge of the United States District Court for the Northern District of Ohio. Education and career Born on February 3, 1811, in Norwalk, Connecticut, Sher ...

, US Senator

John Sherman John Sherman (May 10, 1823October 22, 1900) was an American politician from Ohio throughout the Civil War and into the late nineteenth century. A member of the Republican Party, he served in both houses of the U.S. Congress. He also served as ...

the distinguished Ohio statesman, and of Major General

William T. Sherman William is a male given name of Germanic 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 Engl ...

of Civil War fame. Until eighteen years of age, Hoyt's time was divided between school and the printing office. In the spring of 1848 he came to Fort

Des Moines, Iowa Des Moines () is the capital and the most populous city in the U.S. state of Iowa. It is also the county seat of Polk County. A small part of the city extends into Warren County. It was incorporated on September 22, 1851, as Fort Des Moines, ...

, then far out on the western frontier. In 1849 he was admitted to the bar and began to practice law, and also engaged in real estate business. In March of that year he was appointed by President

Zachary Taylor Zachary Taylor (November 24, 1784 – July 9, 1850) was an American military leader who served as the 12th president of the United States from 1849 until his death in 1850. Taylor was a career officer in the United States Army, rising to th ...

postmaster of Des Moines, holding that position until the inauguration of President Franklin Pierce, when he resigned and was elected clerk of the District Court. President

Abraham Lincoln Abraham Lincoln ( ; February 12, 1809 – April 15, 1865) was an American lawyer, politician, and statesman who served as the 16th president of the United States from 1861 until his assassination in 1865. Lincoln led the nation thro ...

appointed him the Army Paymaster at the start of the Civil War, with the rank of Major. Upon his return, Hoyt teamed up with others and created Equitable of Iowa Insurance Company. During this time, he also gave his counsel, his time, and his money to ensure Des Moines had schools, including a college, a waterworks system, and many more facilities. In 1854, he was the senior member of the banking house of Hoyt Sherman & Co., and upon the establishment of the State Bank of Iowa he became cashier of the Des Moines branch and was one of the directors on part of the State to supervise the system and guard the public interests. When the

American Civil War The American Civil War (April 12, 1861 – May 26, 1865; also known by other names) was a civil war in the United States. It was fought between the Union ("the North") and the Confederacy ("the South"), the latter formed by states ...

began Mr. Sherman was appointed by President

paymaster in the Union army with the rank of major, holding the position for three years. He was one of the organizers of the

Equitable Life Insurance Company of Iowa The ING Group ( nl, ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale bankin ...

and for many years its general manager. That institution owes much of its stability and high standing to Major Sherman's reputation for integrity and skillful management. In 1866, Major Sherman was a member of the House of the Eleventh General Assembly where he was chairman of the committee on railroads and a member of the committee of ways and means. In 1886, he was one of the founders of the Pioneer Lawmakers' Association and was one of its most influential members, serving as president and long a member of the executive committee. He contributed valuable historical articles to the Annals of Iowa on ''"Early Banking in Iowa,"'' and on the ''"State Bank of Iowa."'' For many years he was the chief executive officer of the Associated Charities of Des Moines. Sherman married Sarah Elvira Moulton (24 June 1837-1 March 1887) on December 25, 1855. One of their daughters, Adaline Moulton Sherman, was married to

Frank Bestow Wiborg Frank Bestow Wiborg (April 30, 1855 – May 12, 1930) was a businessman from Cincinnati who, with Levi Addison Ault, created the ink manufacturer Ault & Wiborg Company. Early life He was born on April 30, 1855 in Cleveland, Ohio. He was a son ...

, and their children included Mary Hoyt Wiborg and Sara Sherman Wiborg.

Hoyt Sherman Place

In 1877 Hoyt Sherman built a grand manor; the structure is now a museum and performing arts center. The original house and gallery now display a collection of 19th- and 20th-century paintings, as well as elaborately carved 17th-century furniture and other rare artifacts. The mansion, now known as

Hoyt Sherman Place Hoyt Sherman Place, the home of Hoyt Sherman, was built in 1877 and is located in Des Moines, Iowa. History In 1850, Hoyt purchased five acres of land in Des Moines for $105. In 1877, Hoyt Sherman Place, the family home, was completed with the ...

, lent its name to the surrounding Des Moines neighborhood of Sherman Hill. For many years Hoyt Sherman Place has served as the headquarters for

Des Moines Women's Club The Des Moines Women's Club, founded in 1885 as the Woman's club movement in the United States, women's club movement swept through the United States, today serves the Des Moines community by providing scholarships, support for the local arts comm ...

. The house and theater are now under the management of the Hoyt Sherman Place Foundation.

References

External links

Sherman Genealogy Including Families of Essex, Suffolk and Norfolk, England"> Sherman Genealogy Including Families of Essex, Suffolk and Norfolk, England
By Thomas Townsend Sherman {{DEFAULTSORT:Sherman, Hoyt 1827 births 1904 deaths American bankers Businesspeople from Des Moines, Iowa Politicians from Des Moines, Iowa People from Lancaster, Ohio People of Iowa in the American Civil War Members of the Iowa House of Representatives United States Army paymasters Union Army officers 19th-century American businesspeople Sherman family (U.S.)

Biography

Hoyt Sherman Place

See also

References

External links