Edward King (New York banker)

Edward King (July 30, 1833 – November 18, 1908)[1] was an American banker who served as president of the New York Stock Exchange and president of the Saint Nicholas Society of the City of New York.

For other people named Edward King, see Edward King (disambiguation).
Edward King
34th President of the Saint Nicholas Society of the City of New York
In office
1896–1897
Preceded byChauncey Mitchell Depew
Succeeded byStiles Franklin Stanton
Personal details
Born(1833-07-30)July 30, 1833
Weehawken, New Jersey, U.S.
DiedNovember 18, 1908(1908-11-18) (aged 75)
New York City, New York, U.S.
Spouse(s)
Isabella Ramsay Cochrane
​
​
(m. 1858; died 1873)​

Elizabeth Fisher
​
​
(m. 1885; his death 1908)​
Children7
ParentsJames G. King
Sarah Rogers Gracie King
EducationColumbia Grammar School
Alma materHarvard University

Early life

King was born on February 5, 1839 at "Highwood," his father's country estate near Weehawken, New Jersey.[1] He was the tenth of eleven children born to Sarah Rogers (née Gracie) King and James G. King.[2] At the time of his birth, his father was serving as President of New York and Erie Railroad and later became a U.S. Representative from New Jersey.[3]

His paternal grandparents were Mary (née Alsop) King, a daughter of John Alsop (a prominent merchant and Continental Congressman)[4] and Rufus King,[5] the first U.S. Senator from New York and the 3rd and 8th U.S. Minister to the United Kingdom (under Presidents George Washington, John Adams, Thomas Jefferson and John Quincy Adams).[6] His maternal grandfather was Archibald Gracie, a Scottish-born shipping magnate and early American businessman and merchant in New York City and Virginia.[7]

King was educated at Columbia Grammar School, later attending a French school in New York run by Peugnet (a former officer under Napoleon). He later went to Europe and studied at a school in Meiningen in the Province of Saxony. He returned to the United States in 1849 and attended Harvard University, graduating in 1853.[7]

Career

After graduating from Harvard, he took lessons in engineering from Professor Mahan at West Point before joining his father's banking house, James G. King's Sons, in 1854.[7] He began as a clerk, eventually became a partner in the bank and then withdrew in 1861 to found his own brokerage business, having been a member of the New York Stock Exchange (of which he served as president in 1872).[1] In 1873, he was chosen as president of the Union Trust Company of New York,[8] serving in that role until his death.[7]

King was a member of the Saint Nicholas Society, an organization in New York City of men descended from early inhabitants of the State of New York. From 1896 to 1897, he served as the 34th president of the organization. His uncle, John Alsop King, had served as president of the organization in 1848 and 1849. He also served as a governor of the New York Hospital, a trustee of the New York Society Library, a trustee of the New York Public Library, and former president of the Harvard Club of New York.[9] He was also a member of the University Club, the Century Association, the Riding Club and the Ardsley Club.[7]

Personal life

On October 20, 1858, King was married to Isabella Ramsay Cochrane (1838–1873).[10] Isabella was the daughter of Rupert John Cochran and Isabella Macomb (née Clarke) Cochrane. Together, they resided at 1 University Place in New York City and were the parents of six children, including:[7]

  • Alice Bayard King (1864–1943), who married Herman LeRoy Edgar, a son of William Edgar and Eliza (née Rhinelander) Edgar, in 1891.[11][12]
  • James Gore King (1868–1932), who married Sarah Erving, a daughter of John Erving and Cornelia (née Van Rensselaer) Erving, in 1896.[13]
  • Rupert Cochrane King (1873–1918), who married Grace Marvin, a daughter of Selden Marvin and Catharine (née Parker) Marvin, in 1901.[14]

After the death of his first wife on March 1, 1873, he remarried to Elizabeth Fisher (1847–1937), a daughter of William and Julia (née Palmer) Fisher of Philadelphia, on May 26, 1885.[7] Together, they were the parents of one child, a son:[7]

  • Edward King (b. 1886), who married Mary Gillett, daughter of Dr. Charles Gillett.[7]

After a two-week illness, King died in New York City on November 18, 1908.[1]

References
  1. "BANKER EDWARD KING DEAD.; He Had Ben President of Union Trust Company Since 1873" (PDF). The New York Times. 20 November 1908. Retrieved 14 May 2019.
  2. "Obituaries. James G. King, Esq". The New York Times. 5 October 1853. Retrieved 14 May 2019.
  3. "KING, James Gore - Biographical Information". bioguide.congress.gov. Biographical Directory of the United States Congress. Retrieved 14 May 2019.
  4. York, Saint Nicholas Society of the City of New (1905). The Saint Nicholas Society of the City of New York: History, Customs, Record of Events, Constitution, Certain Genealogies, and Other Matters of Interest. V. 1-. The Saint Nicholas Society. Retrieved 8 May 2017.
  5. Adams, John (July 4, 2016). Papers of John Adams, Volume 18: December 1785 - January 1787. Harvard University Press. ISBN 9780674545076. Retrieved 8 May 2017.
  6. "KING, Rufus - Biographical Information". bioguide.congress.gov. Biographical Directory of the United States Congress. Retrieved 14 May 2019.
  7. Society, National American (1907). Americana, American Historical Magazine, Vol. 2, No. 1. pp. 402–403. Retrieved 14 May 2019.
  8. Warren, Kenneth (2007). Industrial Genius: The Working Life of Charles Michael Schwab. University of Pittsburgh Press. p. 244. ISBN 9780822971146. Retrieved 14 May 2019.
  9. Gillin, Edward; Joyce, H. Horatio (2018). Experiencing Architecture in the Nineteenth Century: Buildings and Society in the Modern Age. Bloomsbury Publishing. p. 94. ISBN 9781350045965. Retrieved 14 May 2019.
  10. "A CLASSICAL BRASS-INLAID CARVED MAHOGANY MARBLE-TOP PIER TABLE , NEW YORK, 1810-1820". www.christies.com. Christie's. Retrieved 14 May 2019.
  11. Duyckinck, Whitehead Cornell; Cornell, John (1908). The Duyckinck and allied families: being a record of the descendants of Evert Duyckink who settled in New Amsterdam, now New York, in 1638. Tobias A. Wright. p. 79. Retrieved 14 May 2019.
  12. of 1916, Harvard College (1780-) Class (1922). Harvard College Class of 1916 Secretary's Third Report. p. 113. Retrieved 14 May 2019.
  13. "JAMES GORE KING, LAWYER, IS DEAD; Member of Distinguished New York Family Had Practiced Law for 40 Years. MORGAN LIBRARY TRUSTEE Rufus King, an Ancestor, One of First Two New York Senators Father Noted Banker". The New York Times. 11 July 1932. Retrieved 14 May 2019.
  14. Secretary, Harvard University Class of 1894; of 1894, Harvard College (1780-) Class (1919). Twenty-fifth Anniversary Report, 1894-1919. Plimpton Press. p. 262. Retrieved 14 May 2019.
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