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237:, enabled him to trade with the Cuban growers. Taylor soon discovered that loans and investments provided returns that were as good as, or better than, those from the sugar business, although the sugar trade remained a core source of income. By the 1840s his income was largely from interest and investments. By 1847, Taylor was listed as one of New York City's 25 millionaires.
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brought the railroad to the brink of bankruptcy, Taylor obtained control by purchasing its outstanding shares for $ 5 a share. Within seven years the shares became worth $ 240, and the D. L. & W was one of the premier railroads of the country. By 1865 Taylor held 20,000 shares worth almost $ 50
349:
Henry
Augustus Coit Taylor (1841–1921), who married Charlotte Talbot Fearing (1845–1899) in 1868. After her death, he married Josephine Whitney Johnson (1849–1927) in 1903. Taylor left an estate worth $ 50 million upon his death in 1921, just a few months before the death of his nephew Moses Taylor
272:), he named Taylor as director. Taylor himself had doubled his fortune during the panic, and brought his growing financial connections to the bank. He acquired equity in the bank and in 1855 became its president, operating it largely in support of his and his associates' businesses and investments.
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sugar growers, found buyers for their product, exchanged currency, and advised and assisted them with their investments. He nurtured relationships with those planters, who relied on him for loans and investments to support their plantations. Taylor never visited Cuba, but his friendship with
366:, New York City. He left his fortune to his wife and children. Many of the Taylor family descendants were prominent in New York and Newport society and several prominent families of the early 20th century owed a substantial portion of their fortunes to the Taylor inheritances.
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At age 15, Taylor began working at J. D. Brown shippers. He soon moved to a clerk's position in the firm of
Gardiner Greene Howland and Samuel Howland's firm G. G. & S. Howland Company of New York, a shipping and import firm that traded with South America.
180:(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 $ 2.2 billion in today's dollars. He controlled the
318:. Taylor sat in 1871 on a committee made up of New York's most influential and successful businessmen and signed his name to a report that commended Tweed's controller for his honesty and integrity. This report was considered a notorious whitewash.
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294:. Taylor's Manhattan Gas Company and New York Gas Light Company were represented 45% of the merged Consolidated Gas, and his descendants remained some the largest individual shareholders of Consolidated Edison.
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Taylor also had controlling interest in the largest two of the seven gas companies in
Manhattan, which were merged (after his death) to form the Consolidated Gas Company in 1884, eventually becoming
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306:, during which he assisted the Union with financing its war debt, he continued to invest in iron, railroads, and real estate. His real estate holdings in
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By 1832, at age 26, Taylor had sufficient wealth to marry, leave the
Howland company, and start his own business as a sugar broker. As such he dealt with
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In the 1850s Taylor invested in iron and coal, and began purchasing interest in the
Delaware, Lackawanna & Western railroad. When the
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had founded in 1854. After several failed attempts to lay the first transatlantic telegraph cable it was successful in 1866.
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who supported its development from a college into a university and left an estate worth $ 100 million at his death in 1921.
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railroad, and the Moses Taylor & Co. import business, and he held numerous other investments in railroads and industry.
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while concealing Astor's interest. Astor's relationship with the Taylor family provided Moses with an early advantage.
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Through his daughter
Albertina, the Pyne family became a dynasty of bankers that survives to this day. Percy's son
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Not noted for philanthropy during his life, at its end in 1882 Taylor donated $ 250,000 to build a hospital in
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Capital City : New York City and the Men Behind
America's Rise to Economic Dominance, 1860–1900
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334:(1820–1895) in 1855. Pyne, an assistant to Moses, became president of City Bank upon Moses' death.
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Taylor was married to
Catharine Anne Wilson (1810–1892). Together, they were the parents of:
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Taylor held an interest in the New York, Newfoundland, and London
Telegraph Company that
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allowed Astor to take over what was then City Bank of New York (today known as
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Taylor was born on
January 11, 1806, to Jacob B. Taylor and Martha (
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that already contained members of his family, he was buried in
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brought him into close association with political power broker
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428:"Moses Taylor Pyne and the Sugar Plantations of the Americas"
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Mary Taylor (1837–1907), who married George Lewis (1833–1888)
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Taylor died in 1882 and although he owned a vault at the
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family which includes the former governor of New Jersey
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Through his daughter Katherine, he was a grandfather of
204:Brant) Taylor. His father was a close associate of
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330:Albertina Shelton Taylor (1833–1900), who married
343:Katherine Wilson Taylor (1839–1925), who married
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252:cartoon of the "White-washing Committee" (L–R:
208:and acted as his agent by purchasing New York
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517:Thomas Nast: His Period and His Pictures
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493:. New York: New York University Press.
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389:(1862–1941), ancestor of the political
233:, a prominent trader who was fluent in
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594:Dynastic America and Those Who Own It
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1322:Businesspeople in the sugar industry
1312:19th-century American businesspeople
1317:American businesspeople in shipping
489:The Business Career of Moses Taylor
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340:George Campbell Taylor (1837–1907)
190:Delaware, Lackawanna & Western
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830:Morgan Stanley Wealth Management
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639:President of National City Bank
459:. World Scientific. p. 47.
432:Princeton & Slavery Project
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45:President of National City Bank
1342:Burials at Green-Wood Cemetery
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514:Paine, Albert Bigelow (1904).
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182:National City Bank of New York
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815:Court Square Capital Partners
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533:"The George C. Taylor Estate"
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356:New York City Marble Cemetery
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1327:American corporate directors
7:
727:Al Waleed bin Talal Al Saud
558:"An Old Merchant's Death".
18:American banker (1806–1882)
10:
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947:James Stillman Rockefeller
453:Johnson, Hazel J. (2000).
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1018:Roberto Hernández Ramírez
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825:Diners Club International
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575:"An Old Merchant's Death"
520:. Macmillan. p. 144.
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1332:American bank presidents
1206:United States of America
591:Klein, Henry H. (1921).
1232:California Federal Bank
845:The Travelers Companies
810:ClearBridge Investments
241:Banking and investments
1237:Franklin National Bank
485:Hodas, Daniel (1976).
434:. Princeton University
407:Scranton, Pennsylvania
261:
580:. Hofstra University.
537:www.oldlongisland.com
248:
127:Catharine Anne Wilson
1254:388 Greenwich Street
1201:United Arab Emirates
967:Robert B. Willumstad
820:CVC Capital Partners
750:Brands and companies
380:Princeton University
378:was a benefactor of
332:Percy Rivington Pyne
952:William Rockefeller
624:Business positions
360:Green-Wood Cemetery
292:Consolidated Edison
258:Marshall O. Roberts
231:Henry Augustus Coit
1337:American investors
1073:Franklin A. Thomas
702:Michael E. O'Neill
560:The New York Times
387:Hamilton Fish Kean
262:
157:Hamilton Fish Kean
1284:
1283:
1043:Andrew N. Liveris
993:Michael Armstrong
872:Michael Bloomberg
867:Winfried Bischoff
860:former executives
853:
852:
835:OneMain Financial
789:Metalmark Capital
779:Citi Private Bank
717:William R. Rhodes
655:
654:
646:Succeeded by
500:978-0-8147-3374-5
470:Kessner, Thomas.
456:Banking Alliances
376:Moses Taylor Pyne
184:(later to become
175:
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152:Moses Taylor Pyne
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1347:Citigroup people
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907:Sallie Krawcheck
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285:Cyrus West Field
206:John Jacob Astor
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105:January 11, 1806
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90:Personal details
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1008:Kenneth T. Derr
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902:Thomas W. Jones
897:Lewis Glucksman
892:Stanley Fischer
877:Gary Crittenden
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712:Richard Parsons
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562:. May 24, 1882.
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1250:Headquarters
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1220:Predecessors
1068:Robert Rubin
1063:Judith Rodin
1058:Chuck Prince
1048:Anne Mulcahy
1023:Manolo Falcó
1003:George David
957:Moses Taylor
956:
942:Robert Rubin
932:Chuck Prince
887:Ahmed Fahour
794:Red Roof Inn
637:
616:Find a Grave
612:Moses Taylor
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540:. Retrieved
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436:. Retrieved
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316:Tammany Hall
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298:Tammany Hall
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178:Moses Taylor
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115:(1882-05-23)
113:May 23, 1882
75:Succeeded by
52:
25:Moses Taylor
15:
1302:1882 deaths
1297:1806 births
1227:ACC Capital
1187: [
1164:Philippines
1149:South Korea
1078:Sandy Weill
1028:Jane Fraser
998:Alain Belda
962:Sandy Weill
882:Jamie Dimon
732:John Havens
438:October 27,
395:Thomas Kean
370:Descendants
250:Thomas Nast
210:real estate
63:Preceded by
1291:Categories
1033:Ann Jordan
649:Percy Pyne
643:1855–1882
556:Obituary:
413:References
312:Boss Tweed
302:After the
256:, Taylor,
196:Early life
159:(grandson)
154:(grandson)
101:1806-01-11
80:Percy Pyne
1174:Singapore
1139:Indonesia
1129:Hong Kong
1099:Australia
1094:Argentina
985:directors
982:Corporate
937:John Reed
840:Primerica
688:Citigroup
531:L, Zach.
304:Civil War
280:million.
264:When the
148:Relations
57:1855–1882
53:In office
1276:Category
1262:New York
1179:Thailand
1154:Malaysia
1119:Colombia
774:Citigold
769:Citibank
542:June 26,
364:Brooklyn
308:New York
270:Citibank
186:Citibank
164:Children
1264:10043,
1211:Vietnam
1104:Bahrain
858:Notable
764:Banamex
757:Current
235:Spanish
188:), the
142:
134:
130:
1196:Uganda
1184:Taiwan
1169:Russia
1159:Mexico
1124:Europe
1109:Canada
803:Former
695:People
497:
401:Legacy
216:Career
122:Spouse
1191:]
1144:Japan
1134:India
1114:China
578:(PDF)
350:Pyne.
254:Astor
226:Cuban
136:(
132:
544:2020
495:ISBN
440:2019
391:Kean
110:Died
95:Born
784:Egg
614:at
362:in
202:née
1293::
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1189:zh
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430:.
397:.
138:m.
680:e
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167:5
103:)
99:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
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