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Suffolk Bank
Suffolk Bank was a private clearinghouse bank in Boston, Massachusetts, that exchanged specie or locally backed bank notes for notes from country banks to which city-dwellers could not easily travel to redeem notes. The bank was issued its corporate charter on February 10, 1818 by the 38th Massachusetts General Court to a group of the Boston Associates (including Patrick Tracy Jackson and Daniel Pinckney Parker), and the charter's holders and bank's directors met periodically from February 27 to March 19 at the Boston Exchange Coffee House to discuss the organization of the bank. On April 1, 1818, the bank opened for business in rented offices on State Street until the bank moved permanently to the corner of State and Kilby Streets (currently occupied by either 75 State Street or Exchange Place) on April 17. In addition to Jackson and Parker, other prominent shareholders of the bank included William Appleton, Nathan Appleton, Timothy Bigelow, John Brooks, Gardiner Greene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearing House (finance)
A clearing house is a financial institution formed to facilitate the exchange (i.e., '' clearance'') of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or participants). Its purpose is to reduce the risk of a member firm failing to honor its trade settlement obligations. Description After the legally binding agreement (i.e., ''execution'') of a trade between a buyer and a seller, the role of the clearing house is to centralize and standardize all of the steps leading up to the payment (i.e. '' settlement'') of the transaction. The purpose is to reduce the cost, settlement risk and operational risk of clearing and settling multiple transactions among multiple parties. In addition to the above services, central counterparty clearing (CCP) takes on counterparty risk by stepping in between the original buyer and seller of a financial contract, such as a derivative. The role of the CCP is to perfo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nathan Appleton
Nathan Appleton (October 6, 1779July 14, 1861) was an American merchant and politician and a member of "The Boston Associates". Early life Appleton was born in New Ipswich, New Hampshire, the son of Isaac Appleton (1731–1806) and his wife Mary Adams (1741–1827). Appleton's father was a church deacon, and Nathan was brought up in the "strictest form of Calvinistic Congregationalism". Appleton was also the cousin of William Appleton (1786–1862) and James Appleton (1785–1862). His paternal grandparents were Elizabeth Sawyer (1709–1785) and Isaac Appleton Jr. (1704–1794), the son of Isaac Appleton (1664–1747), who was the son of Major Samuel Appleton (1625-1696), and Priscilla Baker, granddaughter of Lt. Gov. Samuel Symonds. He was educated in the New Ipswich Academy. He then entered Dartmouth College in 1794, however, that same year he left college to begin mercantile life in Boston, Massachusetts, working for his brother Samuel (1766–1853), a successful and ben ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riverside Publishing
Riverside Insights is a publisher of clinical and educational standardized tests in the United States; it is headquartered in Itasca, Illinois. It is also a charter member of the Association of Test Publishers. Riverside Insights was established as a wholly owned subsidiary of Houghton Mifflin Harcourt, a leading educational publisher in the United States, in 1979. History Early history Riverside originated in 1852 as The Riverside Press, a book printing plant in Boston, Massachusetts. Henry Houghton originally started The Riverside Press in an old Cambridge building along the banks of the Charles River. A visitor described it as "one of the model printing-offices in America". Houghton chose to employ women as well as men as compositors, a radical decision which he said was influenced by the Victoria Press in England. In 1880, George Mifflin entered into a partnership with Henry Houghton and together founded and led Houghton Mifflin Company. They soon established an e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridge, Massachusetts
Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. As part of the Boston metropolitan area, the cities population of the 2020 U.S. census was 118,403, making it the fourth most populous city in the state, behind Boston, Worcester, and Springfield. It is one of two de jure county seats of Middlesex County, although the county's executive government was abolished in 1997. Situated directly north of Boston, across the Charles River, it was named in honor of the University of Cambridge in England, once also an important center of the Puritan theology embraced by the town's founders. Harvard University, the Massachusetts Institute of Technology (MIT), Lesley University, and Hult International Business School are in Cambridge, as was Radcliffe College before it merged with Harvard. Kendall Square in Cambridge has been called "the most innovative square mile on the planet" owing to the high concentration of successful startups that have emerged in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benjamin Seaver
Benjamin Seaver (April 12, 1795 – February 14, 1856) was an American politician, serving as the thirteenth mayor of Boston, Massachusetts from January 5, 1852 to January 2, 1854.CCC Boston, 1822-1908, pp. 241-244. Early life Seaver was born in Roxbury, Massachusetts In 1812 Seaver became an apprentice at the auction and commission store of Whitwell & Bond. In 1816 Seaver became a partner in the firm which was renamed Whitwell, Bond & Co. In 1818, Seaver purchased 5 shares of the Suffolk Bank, a clearinghouse bank on State Street in Boston. Seaver married Sarah Johnson. Political career City of Boston Common Council Seaver was first elected to represent Boston's Ward 5 as a member of the Common Council in 1845. He was reelected to the Common Council from Ward 5 in 1846 and 1847. In 1848 Seaver moved to Ward 4 and was subsequently elected as a councilor from the new ward in 1848 and 1849. In July 1847 Seaver was elected as President of the Common Council and he h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dudley Leavitt Pickman
Dudley Leavitt Pickman (1779–1846) was an American merchant who built one of the great trading firms in Salem, Massachusetts, during the seaport's ascendancy as a trading power in the late eighteenth and early nineteenth centuries. Pickman was a partner in the firm Devereux, Pickman & Silsbee and a state senator. Among the wealthiest Salem merchants of his day, Pickman used his own clipper ships to trade with the Far East in an array of goods ranging from indigo and coffee to pepper and spices, and was one of the state's earliest financiers, backing everything from cotton and woolen mills to railroads to water-generated power plants. Pickman also helped found what is today's Peabody Essex Museum. Early life and career Dudley Leavitt Pickman was born at Salem, Massachusetts, in May 1779, the second son of Salem's chief Naval Officer, William Pickman (1748–1815) and his wife Elizabeth (Leavitt) Pickman, daughter of Dudley Leavitt, an early Congregational minister in Sa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Prescott Jr
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 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, 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 given name ''Wilhelm'' (cf. Proto-Germanic ᚹᛁᛚᛃᚨᚺᛖᛚᛗᚨᛉ, ''*Wiljahelmaz'' > German ''Wilhelm'' and Old Norse ᚢᛁᛚᛋᛅᚼᛅᛚᛘᛅᛋ, ''Vilhjálmr''). By regular sound changes, the native, inherited English form of the name shoul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luther Lawrence
Luther Lawrence (September 28, 1778 – April 17, 1839) was the Mayor of Lowell, Massachusetts (1838–1839). In 1818, Lawrence purchased 25 shares of the Suffolk Bank, a clearinghouse bank on State Street in Boston. Early life and family Lawrence was the son of American Revolutionary, Samuel Lawrence, patriarch of the Lawrence family from Boston. Luther's brothers, William, Abbott, and Amos, all became influential figures in United States history The history of the lands that became the United States began with the arrival of the first people in the Americas around 15,000 BC. Numerous indigenous cultures formed, and many saw transformations in the 16th century away from more densely .... Death Lawrence died on April 17, 1839 when he fell into a wheel pit while showing a visitor around his mill. References 1778 births 1839 deaths Harvard College alumni Massachusetts lawyers Mayors of Lowell, Massachusetts Speakers of the Massachusetts House of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abbott Lawrence
Abbott Lawrence (December 16, 1792, Groton, Massachusetts – August 18, 1855) was a prominent American businessman, politician, and philanthropist. He was among the group of industrialists that founded a settlement on the Merrimack River that would later be named for him, Lawrence, Massachusetts. Biography Born in Groton, Massachusetts, the son of American Revolutionary War officer Samuel Lawrence, Abbott Lawrence attended Groton Academy (now the Lawrence Academy at Groton). Upon his graduation in 1808, Lawrence became an apprentice to his brother, Amos, as chief clerk in his brother's firm. On the conclusion of his apprenticeship, in 1814, the Lawrences formed a partnership, specializing in imports from Britain and China, and later expanded their interests to textile manufacturing. Initially called A. & A. Lawrence, the firm later was named A. & A. Lawrence and Co. It continued until Amos's death, and became the greatest wholesale mercantile house in the United States. It wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amos Lawrence
Amos Lawrence (April 22, 1786 – December 31, 1852) was an American merchant and philanthropist. Biography Amos Lawrence was born in Groton, Massachusetts. Lawrence attended elementary school in Groton and briefly attended the Groton Academy. In 1799, at age 13, Amos Lawrence became a clerk at a country store in Dunstable, Massachusetts, and a few months afterward was promoted to a variety store in Groton. After the completion of his apprenticeship, in April 1807, Amos went to Boston with $20 of his savings. His employers' business there failed. Amos was appointed by the creditors to settle the firm's accounts, and after doing that to their satisfaction he rented a shop on Cornhill and founded a dry-goods establishment on his own account in December. In 1808, his brother Abbott entered his employ as chief clerk, and in 1814 became a partner in the firm, now called A. & A. Lawrence and later A. & A. Lawrence and Co. The firm continued until Amos's death and became the greate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Augustine Heard
Augustine Heard (March 30, 1785 – September 14, 1868) was an American entrepreneur, businessman and trader, and founder of the Augustine Heard & Co. firm in China. Early career Augustine Heard was born into a wealthy merchant family of Ipswich, Massachusetts. His father, John Heard (1744-1834), had made his fortune by trading with the West Indies, and his half-brother Daniel (1778-1801) also worked in foreign trade with the West Indies and China. Educated at Phillips Exeter Academy in New Hampshire, Augustine did not graduate and instead, in 1803, began working for a prominent Boston, Massachusetts merchant, Ebenezer Francis. Two years later, Heard embarked as supercargo to Calcutta on one of Francis' ships. Climbing the ranks of trading companies, Heard was, by 1812, captain of his first ship, the brig ''Caravan''. He pursued his naval career for 18 years, becoming a renowned navigator and his feats became the subject of poems and stories. In 1818, Heard purchased 50 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Hubbard
Henry Hubbard (May 3, 1784June 5, 1857) was a member of the United States House of Representatives from 1829 to 1835, a Senator from New Hampshire during 1835 to 1841, and the 18th governor of New Hampshire from 1842 to 1844. Early life Henry Hubbard was born on May 3, 1784, in Charlestown, New Hampshire in the United States. Hubbard was educated at home, and engaged in classical studies whilst taught by private tutors, before attending Dartmouth College and graduating from there in 1803. He studied law in Portsmouth with Jeremiah Mason, and was admitted to the New Hampshire bar around 1806. That year, he began practicing law in Charlestown. Hubbard married Sally Walker Dean in 1813; together, they would have 5 children. In 1818, Hubbard purchased 50 shares of the Suffolk Bank, a clearinghouse bank on State Street in Boston. Political career In 1810, Hubbard entered politics for the first time, and was elected to the position of Town Moderator; by the end of his life, he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
