Percy Rivington Pyne 2nd (June 23, 1882 – August 15, 1950) was a banker, financier, and philanthropist. He founded the stock exchange firm of Pyne, Kendall Hollister.

Early life

He was born on June 23, 1882, in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

, the son of

Moses Taylor Pyne Moses Taylor Pyne (December 21, 1855 – April 22, 1921), was an American financier and philanthropist, and one of Princeton University's greatest benefactors and its most influential trustee. Biography The son of Percy Rivington Pyne (182 ...

(1855–1921) and Anna Margaretta Stockton. His father inherited much of the

Moses Taylor Moses Taylor (January 11, 1806 – May 23, 1882) was a 19th-century New York merchant and banker and one of the wealthiest men of that century. At his death, his estate was reported to be worth $70 million, or about $ billion in today's dollars. ...

family fortune and was a major benefactor of

Princeton University Princeton University is a private university, private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest ins ...

. His mother was a direct descendant of Richard Stockton, signer of the

Declaration of Independence A declaration of independence or declaration of statehood or proclamation of independence is an assertion by a polity in a defined territory that it is independent and constitutes a state. Such places are usually declared from part or all of the ...

. Pyne prepared for college at St. Paul's School in

Concord, New Hampshire Concord () is the capital city of the U.S. state of New Hampshire and the seat of Merrimack County. As of the 2020 census the population was 43,976, making it the third largest city in New Hampshire behind Manchester and Nashua. The village of ...

. He received a

B.A. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four years ...

degree from

Princeton Princeton University is a private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the nine ...

in 1903. While a freshman, Pyne won the Intercollegiate Golf Association individual championship in 1899.

Career

In 1904, he began his financial career in connection with the Farmers' Loan & Trust Co., and in 1907 became associated with the management of the

Estate. On February 8, 1909, Pyne organized the banking firm of Pyne, Kendall & Hollister, with offices in the new

National City Bank Building 55 Wall Street, formerly known as the National City Bank Building, is an eight-story building on Wall Street between William and Hanover streets in the Financial District of Lower Manhattan in New York City, United States. The lowest three st ...

at 55 Wall Street. He was a member of the board of directors of the Commercial Trust Co. of New Jersey, the East River Gas Co., the New Amsterdam Gas Co., the Syracuse & Binghamton Railroad, Cayuga & Susquehanna Railroad, the Delaware, Lackawanna & Western Coal Co., etc. He was president and director of the Prospect Company of New Jersey and was trustee and chairman of the East Side Branch of the Young Men's Christian Association.

Personal life

Pyne was a friend and benefactor to hockey legend Hobart A. H. Baker. Baker resided at Pyne's home at 263 Madison Avenue. Pyne sent Baker gifts and clothing while he was fighting in France. After Baker's death in a plane crash, Pyne became chairman of the Fund Committee that erected

Hobey Baker Memorial Rink Hobey Baker Memorial Rink is a 2,092-seat hockey arena in Princeton, New Jersey. It is home to the Princeton University Tigers men's and women's ice hockey teams as well as the venue for club and intramural hockey teams, intramural broomball, fi ...

at Princeton in honor of his friend. Pyne married Tillie Josephine Medley on August 12, 1950. He died at his

Sepulveda, California North Hills, known previously as Sepulveda, is a neighborhood in the San Fernando Valley region of the City of Los Angeles. North Hills was originally part of an agricultural community known as Mission Acres. After WWII, the newly-developed ...

, home on August 15, 1950, at the age of 68 after a long and debilitating illness.

Society life

In New York City, he belonged to the following clubs:

Union Club of the City of New York The Union Club of the City of New York (commonly known as the Union Club) is a private social club in New York City that was founded in 1836. The clubhouse is located at 101 East 69th Street on the corner of Park Avenue, in a landmark building de ...

Knickerbocker Club The Knickerbocker Club (known informally as The Knick) is a gentlemen's club in New York City that was founded in 1871. It is considered to be the most exclusive club in the United States and one of the most aristocratic gentlemen's clubs in th ...

University Club of New York The University Club of New York (also known as University Club) is a private social club at 1 West 54th Street and Fifth Avenue in the Midtown Manhattan neighborhood of New York City. Founded to celebrate the union of social duty and intellec ...

Racquet and Tennis Club The Racquet and Tennis Club, familiarly known as the R&T, is a private social and athletic club at 370 Park Avenue, between East 52nd and 53rd Streets in Midtown Manhattan, New York City. History The Racquet Court Club opened in 1876 at 55 We ...

Metropolitan Club The Metropolitan Club of New York is a private social club on the Upper East Side of Manhattan in New York City. It was founded as a gentlemen's club in 1891 for men only, but it was one of the first major clubs in New York to admit women, t ...

New York Yacht Club The New York Yacht Club (NYYC) is a private social club and yacht club based in New York City and Newport, Rhode Island. It was founded in 1844 by nine prominent sportsmen. The members have contributed to the sport of yachting and yacht design. ...

The Union League Club The Union League Club is a private social club in New York City that was founded in 1863 in affiliation with the Union League. Its fourth and current clubhouse is located at 38 East 37th Street on the corner of Park Avenue, in the Murray Hill ...

Down Town Association The Down Town Association in the City of New York, usually referred to as the Down Town Association, is a private club in the Financial District of Manhattan, New York City. Located at 60 Pine Street, between William and Pearl Streets, it is ...

, Aero, Automobile,

Princeton Club of New York The Princeton Club of New York was a private club located in Midtown Manhattan, New York City, New York founded in 1866 as the Princeton Alumni Association of New York. It reorganized to its final namesake in 1886. Its membership composed of alumn ...

, Underwriters, Touring Club of America, Manhattan, Intercollegiate, Whitehall and Motor Car Touring Society. Other clubs and societies to which he belonged :

Meadow Brook Golf Club The Meadow Brook Club is a private golf club in Jericho, New York, Long Island, New York, United States. From 1894 to 1954 it was part of a hunting club, which soon evolved into a major polo club. After the original grounds were expropriated fo ...

, Short Beach,

Rockaway Hunting Club The Rockaway Hunting Club is a country club and sporting venue established in 1878 in Cedarhurst, New York (now Lawrence). In 1893 the original clubhouse was lost in a fire. In 1917 the golf course A golf course is the grounds on which the s ...

Morris County Golf Club The Morris County Golf Club (MCGC) is a private, members-only golf club located on in the upscale Convent Station section of Morris Township, New Jersey, a suburb northwest of New York City in Morris County. It is one of the 10 founding membe ...

Baltusrol Golf Club The Baltusrol Golf Club is a private 36-hole golf club in the eastern United States, located in Springfield, New Jersey, about west of New York City. It was founded in 1895 by Louis Keller. In 1985, Baltusrol became the first club to have ho ...

, Garden City Golf Club, National Golf,

Tuxedo Club The Tuxedo Club is a private member-owned country club located on West Lake Road in the village of Tuxedo Park, New York, in the Ramapo Mountains. Founded in 1886 by Pierre Lorillard IV, its facilities now include an 18-hole golf course, lawn ten ...

, South Side Sportmen's Club, Westbrook Golf, Archdale Quail, Islip, Touring Club of France, Automobile Association of London, and St. Nicholas Society.

References

External links

* {{DEFAULTSORT:Pyne, Percy Rivington 1882 births 1950 deaths Businesspeople from New York City People from North Hills, Los Angeles Princeton University alumni Pyne banking family 20th-century American businesspeople