Name Elias Benedict | Died November 22, 1920 | |
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Elias Cornelius Benedict (January 24, 1834 – November 22, 1920) was a prominent New York City banker and yachtsman. He specialized in the gas and rubber industries. He was president of the Commercial Acetylene Gas Company and of the Marine Engine Company.
Biography
He was born in 1834 in Somers, New York. His father, Henry Benedict, was a Presbyterian clergyman. His mother was Mary Betts Lockwood, daughter of Captain Stephen Lockwood, of Norwalk, Connecticut.
At fifteen in 1849, he joined the banking house of Corning & Co., New York. In 1857 he opened his own stockbroker's office on Wall Street.
In 1859, he married Sarah Hart, daughter of Lucius Hart of New York. They had four children: Frederick Hart Benedict, who married Henry Flagler's daughter, Jennie Louise; she died after complications from childbirth, along with their child aboard the Benedict yacht Oneida while on their way to see Henry Flagler in St. Augustine, Florida, and Frederick was killed not many years later in an automobile accident near West Point; Martha, who married Ramsay Turnbull; Helen Ripley, who married the architect Thomas Hastings; and Louise Adele Benedict, who married Clifford B. Harmon.
During the United States Civil War he and his brother organized the Gold Exchange Bank.
Benedict was close with President Grover Cleveland, and it was on Benedict's yacht, the Oneida, that Cleveland had his secret surgery to remove a cancerous growth from his jaw in 1893.
Benedict commissioned the architects Carrère and Hastings to build an estate on the peninsula at Indian Harbor in Greenwich, Connecticut.
In later life Benedict was Commodore of the Seawanhaka Corinthian Yacht Club. He had been ill for more than a year when he died on November 22, 1920, at his estate in Greenwich.