Nisha Rathode (Editor)

Samuel Ward (banker)

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Name
  
Samuel Ward

Grandparents
  
Samuel Ward

Parents
  
Samuel Ward, Jr.

Died
  
November 27, 1839

Role
  
Investment Banker


Children
  
Samuel Cutler Ward, Julia Ward Howe, Louisa Cutler Ward, Louisa Ward Terry, Anne Eliza Ward Mailliard

Grandchildren
  
Laura E. Richards, Francis Marion Crawford, Florence Hall, Mary Crawford Fraser, Maud Howe Elliott

Similar People
  
Julia Ward Howe, Laura E Richards, Maud Howe Elliott, Francis Marion Crawford, Samuel Gridley Howe

Samuel Ward III (born in Rhode Island, May 1, 1786; died in New York City, November 27, 1839) was a United States banker.

Contents

Early life

Samuel Ward III was born in Rhode Island on May 1, 1786. He was the son of Col. Samuel Ward, Jr. (1756–1832) and Phebe Greene. His paternal grandparents were Samuel Ward, Sr. (1725–1776) and Anne Ray. His maternal grandparents were William Greene, Jr. (1731–1809) and Catharine Ray.

Career

After his education he entered a banking house as clerk, and in 1808 was taken into partnership, continuing as a member of the firm of Prime, Ward & King until his death. In 1838, he secured through the Bank of England a loan of nearly $5,000,000 to enable the banks to resume specie payments, and established the Bank of Commerce, becoming its president.

He was a founder of the University of the City of New York (now New York University) and of the New York Temperance Society, of which he was the first president, and was active in organizing mission churches. He was a patron of many charities and the giver of large sums in aid of Protestant Episcopal Churches and colleges in the west.

Personal life

In October 1812, he married Julia Rush Cutler (born in Boston, January 5, 1796; died in New York City, November 9, 1824), the sister of Rev. Benjamin Clarke Cutler (who was the brother-in-law of General Sir Roger Hale Sheaffe), and, through her mother, a grandniece of Francis Marion. Julia was a poet, and one of her poems is preserved in Rufus Wilmot Griswold's Female Poets of America (Philadelphia, 1848). They had seven children, including:

  • Samuel Cutler "Sam" Ward IV (1814–1884), a lobbyist who married Emily Astor (1819–1841), daughter of William Backhouse Astor Sr.
  • Henry Ward (d. 1839)
  • Julia Ward (1819–1910), a poet who married Samuel Gridley Howe (1801–1876)
  • Descendants

    His son, Sam Ward, had two children with Emily Astor before her death. Their only surviving daughter, Margaret Astor Ward, married John Winthrop Chanler, son of John White Chanler and Elizabeth Shirreff Winthrop, and had eleven children, including William Astor Chanler, Sr., Lewis Stuyvesant Chanler, and Robert Winthrop Chanler. After Emily's death, Sam married again and had two more children with his second wife, Medora Grymes, who both died in the 1860s.

    His daughter, Julia gave birth to six children: Julia Romana Howe (1844–1886), Florence Marion Howe (1845–1922), Henry Marion Howe (1848–1922), Laura Elizabeth Howe (1850–1943), Maud Howe (1855–1948), and Samuel Gridley Howe, Jr. (1858–1863). Julia was likewise an aunt of novelist Francis Marion Crawford.

    References

    Samuel Ward (banker) Wikipedia