Samuel Ward (banker)

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Samuel Ward III. ( May 1, 1786 in Rhode Island , † November 27, 1839 in New York City ) was an American banker.

family

Ward was born the son of the soldier Samuel Ward and his wife Phebe Greene. His oldest known paternal ancestor, John Ward, was from Gloucester . He served in Oliver Cromwell's army and emigrated to Newport , Rhode Island in 1673 after the Stuart Restoration . Both Ward's great-grandfather Richard Ward and his paternal grandfather, Samuel Ward , were governors of the Colony of Rhode Island and Providence Plantations , the former from 1741 to 1742, the latter from 1762 to 1763 and from 1765 to 1767. Ward's maternal grandfather was the second governor of Rhode Island, William Greene . In October 1812 Ward married Julia Rush Cutler, a great niece of Francis Marion . The marriage produced seven children, including the writer Julia Ward Howe .

Career

Ward began his professional career as a clerk at a bank. There he rose to partner in 1808. After the financial crisis of 1836, the Bank of England loaned the company $ 5,000,000. A little later, Ward became president of the New York Bank of Commerce . He remained involved in the bank operating under the name Prime, Ward & King until his death. In 1831 he was one of the founders of New York University . Ward was often active as a philanthropist and art collector. In his private house not far from Broadway, for example, he built New York's first private collection of paintings with works by Rembrandt , Snyders and Poussin . He also campaigned for the abstinence movement , of which he was a founding member and first chairman in New York City.

Web links

Individual evidence

  1. John Ward: A memoir of Lieut.-Colonel Samuel Ward, First Rhode Island regiment, army of the American revolution . Self-published, New York 1875, LCCN  17-009743 , OCLC 5207086 , p. 5 ( A memoir of Lieut.-Colonel Samuel Ward, First Rhode Island regiment, Army of the American revolution [accessed January 19, 2014]).
  2. Kathryn Allamong Jacob: King of the Lobby: The Life and Times of Sam Ward, Man-About-Washington in the Gilded Age . The Johns Hopkins University Press, Baltimore 2010, ISBN 978-0-8018-9397-1 , pp. 35 .