Cornelius Roosevelt

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Cornelius Van Schaack "CVS" Roosevelt (born January 30, 1794 in New York City , † July 17, 1871 in Oyster Bay , New York ) was an American businessman, banker and member of the Roosevelt family . Outwardly he was a short man with reddish hair and a large head. He was also known to be a man of few words.

Career

Cornelius attended Columbia College for a while but left before he graduated. Then he worked as a businessman. In 1818 he joined his father's company and became his business partner. The company was then renamed Roosevelt & Son . The Roosevelt went at that time the trading of hardware ( hardware after). Cornelius was a very ambitious young man. After becoming engaged to his future wife, he wrote her the following:

"Economy is my doctrine, at all times, at all events till I become, if it is to be so, a man of fortune."

Cornelius adhered to this doctrine all his life. In this context, the Roosevelts worked with others in 1824 to found the Chemical Bank of New York City (now JP Morgan Chase & Co. ) Cornelius also pursued real estate business. During the economic crisis of 1837 , land prices in Manhattan plummeted. He then acquired large tracts of land there and in the hinterland. When the upswing began, land prices rose quickly: in 1842 the land was already worth $ 250,000. Three years later, twice as much. When his father died in 1840, Cornelius inherited a huge fortune. Since 1844 he sat with John D. Wolfe, Bradish Johnson, Isaac Platt and Mr. Jones on the Board of Directors of Chemical Bank . They met weekly to make political and economic decisions. As a result, the first stock dividend was issued in December 1848. Around this time, the decision was made to order printing plates to print their own $ 2, $ 3 and $ 5 banknotes and bring them into circulation. In 1850, Cornelius transformed Roosevelt & Son , which was still largely an ironmongery, into the largest importer of flat glass in New York City, based on the prevailing building boom after the economic crisis . In addition, he pursued mining business and was active in the insurance industry. In his later years he devoted much of his attention to charitable causes. In 1865 he finally retired from the management of Roosevelt & Son and then passed it on to his sons Theodor and James, who had been his business partners in the company for many years. At that time the company began to focus more and more on private banking and investments. In 1868 Cornelius was one of the five richest men in Manhattan. When he died in his summer residence in Oyster Bay in 1871, he left each of his sons over $ 3 million.

The Roosevelts' reputation as one of the oldest banking families in the United States stems from their work at Roosevelt & Son Bank. As the Patriarch of Oyster Bay Roosevelts, Cornelius laid the foundations for this with his good business acumen. His sons and grandchildren emulated him. In addition, he provided the capital for one of the oldest banking houses on Wall Street .

family

Cornelius was the son of Maria Van Schaack (1773-1845) and James Jacobus Roosevelt (1759-1840). His brother James (1795-1875) represented New York State in the US Congress . Cornelius married Margaret Barnhill (1799-1861), daughter of Elizabeth Potts and Robert Craig Barnhill, in Philadelphia on October 9, 1821 . Margaret was a descendant of English and Irish Quakers . The couple had six sons together, five of whom reached adulthood:

Trivia

In 1854, Cornelius Roosevelt acquired two adjoining neo-Gothic sandstone houses on East 20th Street in Manhattan, numbers 26 and 28, as wedding gifts for his sons Theodor senior and Robert. Theodor senior moved into 28th East 20th Street with his wife Martha Bulloch Roosevelt that same year. The couple had all of their four children there: Anna (* 1855), Theodore (* 1858), Elliott (* 1860) and Corinne (* 1861).

1855 acquired Cornelius from the heirs of Captain Isaac Smith , who during the war of independence fought the first of two plots of land at the Ridgewood Road in Maplewood ( New Jersey ). The property was approximately 100 acres in size and ranged from what is now Durand Road to Curtiss Place and from Ridgewood Road up to the mountains. Cornelius then transferred the land to his son Cornelius in 1857 for the sum of one dollar. This then built there from 1863 to 1865 a large, ornate mansion ( Mansion ) called The hickories .

Honors

Roosevelt Building on the corner of Broadway and 13th Street

The Roosevelt Building on the corner of Broadway and 13th Street was named in his honor.

Web links

Individual evidence

  1. ↑ a b c d Collier, Peter: Roosevelts: An American Saga , Simon and Schuster, 1995, ISBN 9780684801407 , page 28
  2. ^ A b Meyers, Cornelius V .: Theodore Roosevelt, Patriot and Statesman: The True Story of an Ideal American , 1902, PW Ziegler & Co.
  3. ^ Business: Oldest First , Time Magazine, Jan. 8, 1934
  4. ↑ Theodore Roosevelt on the histclo.com website
  5. ↑ a b Jacobus Roosevelt on the Five Gateways Genealogy website
  6. ^ Hubert, Philip G .: The Merchants' National Bank of the City of New York , 1903
  7. ^ Cornelius Roosevelt on the chasealum.org website
  8. ^ The Chemical Bank , Jan. 29, 2012
  9. ^ Lansford, Tom: Theodore Roosevelt in Perspective , Nova Publishers, 2005, ISBN 9781594546563 , p. 1
  10. ^ White, Richard D. Jr: Roosevelt the Reformer: Theodore Roosevelt as Civil Service Commissioner, 1889-1895 , University of Alabama Press, 2003, ISBN 9780817313616 , pp. 46–46
  11. ^ A b McFarland, Philip: Mark Twain and the Colonel: Samuel L. Clemens, Theodore Roosevelt, and the Arrival of a New Century , Rowman & Littlefield, 2014, p. 86
  12. ↑ Cornelius Roosevelt on the Five Gateways Genealogy website
  13. ↑ Renehan, Edward J. Jr .: The Lion's Pride: Theodore Roosevelt and His Family in Peace and War: Theodore Roosevelt and His Family in Peace and War , Oxford University Press, 1998, ISBN 9780198029274 , p. 16
  14. ^ A b Cook, Blanche Wiesen: Eleanor Roosevelt: Volume I, 1884-1933 , Penguin, 1993, ISBN 9781101567463 , page 35
  15. ^ Hawley, Joshua David: Theodore Roosevelt: Preacher of Righteousness , Yale University Press, 2008, ISBN 9780300145144 , 31
  16. ↑ Roosevelt and Delano on the website of reformation.org
  17. ↑ Theodore Roosevelt on the History is Elementary website
  18. ^ Business: Who Plants, Tends , Time Magazine, February 17, 1947
  19. ^ Maria Van Schaack on the Litchfield Historical Society website
  20. ↑ Schriftgiesser, Karl: The Amazing Roosevelt Family, 1613-1942 , Wildred radio, Inc., 1942
  21. ↑ Cornelius Roosevelt on the website of latrobefamily.com
  22. ↑ a b Thomas Pott on the heritech.com website
  23. ↑ Margaret Barnhill on the website of melissagenealogy.stormpages.com ( Memento of the original from October 23, 2013 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / melissagenealogy.stormpages.com
  24. ^ McCullough, David: Mornings on Horseback: The Story of an Extraordinary Family, a Vanished Way of Life and the Unique Child Who Became Theodore Roosevelt , 2001, Simon and Schuster
  25. ^ Helferich, Gerard: Theodore Roosevelt and the Assassin: Madness, Vengeance, and the Campaign of 1912 , Globe Pequot, 2013, ISBN 9781493000760 , page 119
  26. ↑ Theodore Roosevelt Birthplace on the valinet.com website ( Memento of the original dated February 8, 2009 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.valinet.com
  27. ↑ Martha Bulloch Roosevelt on the National Park Service website
  28. ↑ Theodore Roosevelt on Durand-Hedden's website
  29. ↑ Roosevelt Building on the Teleport City website ( Memento of the original from July 14, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / teleport-city.com
  30. ^ The 1893 Roosevelt Building (839-841 Broadway) on the Daytonian website in Manhattan
  31. ^ Roosevelt Building (841 Broadway at East 13th Street) on the Wired New York website
  32. ^ Gray, Christopher: A Family's Legacy, Burnished Anew , The New York Times, April 13, 2008
personal data
SURNAME Roosevelt, Cornelius
ALTERNATIVE NAMES Van Schaack Roosevelt, Cornelius (full name); Roosevelt, CVS (nickname)
BRIEF DESCRIPTION American businessman, banker, and member of the Roosevelt family
DATE OF BIRTH January 30, 1794
PLACE OF BIRTH New York City
DATE OF DEATH July 17, 1871
Place of death Oyster Bay , New York