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Clarence Howard Clark, Sr.
Clarence Howard Clark Sr. (April 19, 1833 – March 6, 1906) was a banker, land owner, and developer in Philadelphia, Pennsylvania. Ten years after his death, ''The New York Times'' called him one of the city's "most prominent men of his day." Biography Clark was born in Providence, Rhode Island, on April 19, 1833, to Sarah Crawford Dodge and Enoch White Clark. The family moved to Boston that same year, where Enoch, a financier, incurred substantial debts. They then moved to Philadelphia in January 1837, where Enoch and his brother-in-law, Edward Dodge, founded the banking firm E. W. Clark & Co. later that year. That firm did well, earning enough to pay off the debts in seven years, then to propel the Clarks to a place among the city's wealthiest families. The firm opened branches in New York, St. Louis, and New Orleans, and made considerable money performing domestic exchanges in the wake of the 1836 revocation of the charter of the Second Bank of the United States and the Pani ...
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Providence, Rhode Island
Providence () is the List of capitals in the United States, capital and List of municipalities in Rhode Island, most populous city of the U.S. state of Rhode Island. The county seat of Providence County, Rhode Island, Providence County, it is one of the oldest cities in New England, founded in 1636 by Roger Williams, a Reformed Baptist theologian and religious exile from the Massachusetts Bay Colony. He named the area in honor of "God's merciful Providence" which he believed was responsible for revealing such a haven for him and his followers. The city developed as a busy port, as it is situated at the mouth of the Providence River at the head of Narragansett Bay. Providence was one of the first cities in the country to industrialize and became noted for its textile manufacturing and subsequent machine tool, jewelry, and silverware industries. Today, the city of Providence is home to eight hospitals and List of colleges and universities in Rhode Island#Institutions, eight instit ...
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Francis Anthony Drexel
Francis Anthony Drexel (June 20, 1824 – February 15, 1885) was a Philadelphia banker and philanthropist. He was the eldest son of Philadelphia financier Francis Martin Drexel, and became senior partner in the firm Drexel & Co. following his father's death. Early life Drexel was born on 6th Street in Philadelphia, on June 20, 1824. He was the eldest son born to Francis Martin Drexel and Catherine (née Hookey) Drexel (1795–1870). Among his siblings were two younger brothers, Anthony Joseph Drexel and Joseph William Drexel. Career His father worked as a portrait painter in Philadelphia before becoming an exchange broker in 1837. Elsa Loacker Jones suggested that through his frequent travels, Drexel may have acquired considerable experience speculating in foreign exchange. Francis Anthony started with the firm at the age of thirteen,
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Atlantic, Mississippi & Ohio Railroad
Atlantic, Mississippi and Ohio Railroad (AM&O) was formed in 1870 in Virginia from three east–west railroads which traversed across the southern portion of the state. Organized and led by former Confederate general William Mahone (1826-1895), the line linked Norfolk with Bristol, Virginia by way of Suffolk, Petersburg, Lynchburg, and Salem. The AM&O was promoted as a trade link to the west, and further expansion was envisioned with the goal of increasing Virginia's Ohio Valley and Mississippi Valley commerce. It was heavily backed by investors from England and Scotland. The AM&O went into receivership after the U.S. Financial Panic of 1873. After several years of continuing financial problems, Mahone's relationship with the bondholders soured, and he was removed as trustee, but was permitted to continue to lead operations. Finally, in 1881, the AM&O was sold at auction. It was acquired by other U.S. interests based in Philadelphia who outbid Mahone. They were already bui ...
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Pennsylvania Railroad
The Pennsylvania Railroad ( reporting mark PRR), legal name as the Pennsylvania Railroad Company, also known as the "Pennsy," was an American Class I railroad that was established in 1846 and headquartered in Philadelphia, Pennsylvania. At its peak in 1882, the Pennsylvania Railroad was the largest railroad (by traffic and revenue), the largest transportation enterprise, and the largest corporation in the world. Over its existence, Pennsylvania Railroad acquired, merged with, or owned part of at least 800 other rail lines and companies. At the end of 1926, it operated of rail line;This mileage includes companies independently operated. PRR miles of all tracks, which includes first (or main), second, third, fourth, and sidings, totalled 28,040.49 at the end of 1926. in the 1920s, it carried nearly three times the traffic as other railroads of comparable length, such as the Union Pacific and Atchison, Topeka & Santa Fe railroads. Its only formidable rival was the New York Centra ...
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Market Street (Philadelphia)
Market Street, originally known as High Street, is a major east–west highway and street in Philadelphia, Pennsylvania, United States. The street is signed as Pennsylvania Route 3 between 38th Street (U.S. Route 13 in Pennsylvania, U.S. Route 13) and 15th Street (Pennsylvania Route 611, PA 611). A short portion of the road continues west from Cobbs Creek Parkway (63rd Street) to Delaware County, Pennsylvania, Delaware County, adjacent to Philadelphia. The street also serves as the dividing line for the "north" and "south" sides of the city. All north-south addresses in the city start at zero at Market Street. High Street was the familiar name of the principal street in nearly every English town at the time Philadelphia was founded. But if Philadelphia was indebted to England for the name of High Street, nearly every American town is, in turn, indebted to Philadelphia for its Market Street. Long before the city was laid out or settled, Philadelphia's founder, William Penn, had ...
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Frank Furness
Frank Heyling Furness (November 12, 1839 – June 27, 1912) was an American architect of the Victorian era. He designed more than 600 buildings, most in the Philadelphia area, and is remembered for his diverse, muscular, often inordinately scaled buildings, and for his influence on the Chicago-based architect Louis Sullivan. Furness also received a Medal of Honor for bravery during the Civil War. Toward the end of his life, his bold style fell out of fashion, and many of his significant works were demolished in the 20th century. Among his most important surviving buildings are the University of Pennsylvania Library, now the Fisher Fine Arts Library, the Pennsylvania Academy of the Fine Arts, and the First Unitarian Church of Philadelphia, all in Philadelphia, and the Baldwin School Residence Hall in Bryn Mawr. Early life and education Furness was born in Philadelphia on November 12, 1839. His father, William Henry Furness, was a prominent Unitarian minister and abolitionis ...
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The Philadelphia Inquirer
''The Philadelphia Inquirer'', often referred to simply as ''The Inquirer'', is a daily newspaper headquartered in Philadelphia, Pennsylvania. Founded on June 1, 1829, ''The Philadelphia Inquirer'' is the third-longest continuously operating daily newspaper in the United States. The newspaper has the largest circulation of any newspaper in both Pennsylvania and the Delaware Valley metropolitan region, which includes Philadelphia and its surrounding communities in southeastern Pennsylvania, South Jersey, northern Delaware, and the northern Eastern Shore of Maryland. As of 2020, the newspaper has the 17th-largest circulation of any newspaper in the United States As of 2020, ''The Inquirer'' has won 20 Pulitzer Prizes. Several decades after its 1829 founding, ''The Inquirer'' began emerging as one of the nation's major newspapers during the American Civil War. Its circulation dropped after the Civil War's conclusion, but it rose again by the end of the 19th century. Originally sup ...
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Centennial Exhibition
The Centennial International Exhibition, officially the International Exhibition of Arts, Manufactures, and Products of the Soil and Mine, was held in Philadelphia, Pennsylvania, from May 10 to November 10, 1876. It was the first official world's fair to be held in the United States and coincided with the centennial anniversary of the Declaration of Independence's adoption in Philadelphia on July 4, 1776. It was held in Fairmount Park along the Schuylkill River on fairgrounds designed by Herman J. Schwarzmann. Nearly 10 million visitors attended the exposition, and 37 countries participated in it. Precursor The Great Central Fair on Logan Square in Philadelphia, in 1864, also known as the Great Sanitary Fair, was one of the many United States Sanitary Commission's Sanitary Fairs held during the American Civil War. The fairs provided a creative and communal means for ordinary citizens to promote the welfare of Union Army soldiers and dedicate themselves to the sur ...
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Centennial National Bank
The Centennial National Bank is a historic building in Philadelphia, Pennsylvania. Designed by noted Philadelphia architect Frank Furness and significant in his artistic development, it was built in 1876 as the headquarters of the eponymous bank that would be the fiscal agent of the Centennial Exposition. The building housed a branch of the First Pennsylvania Bank from 1956 until Drexel University purchased it . Drexel renovated it between 2000-2002 and now uses it as an alumni center. The Centennial National Bank, described as "one of the best pieces of architecture in West Philadelphia," was placed on the National Register of Historic Places in 1971. History The Centennial National Bank opened for business in January 1876, shortly before its permanent building was constructed the same year. Architect Frank Furness, who had just parted ways with business partner George Hewitt, received the commission due to personal connections with the directors. The bank obtained a monopoly ...
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Academy Of Natural Sciences Of Drexel University
The Academy of Natural Sciences of Drexel University, formerly the Academy of Natural Sciences of Philadelphia, is the oldest natural science research institution and museum in the Americas. It was founded in 1812, by many of the leading naturalists of the young American republic with an expressed mission of "the encouragement and cultivation of the sciences". It has sponsored expeditions, conducted original environmental and systematics research, and amassed natural history collections containing more than 17 million specimens. The Academy also organizes public exhibits and educational programs for both schools and the general public. History During the first decades of the United States, Philadelphia was the cultural capital and one of the country's commercial centers. Two of the city's institutions, the Library Company and the American Philosophical Society, were centers of enlightened thought and scientific inquiry. The increasing sophistication of the earth and life sci ...
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Fidelity Trust Company
Fidelity Trust Company was a bank in Philadelphia, Pennsylvania. Founded in 1866 as Fidelity Insurance, Trust, & Safe Deposit Company, the bank was later renamed Fidelity Trust Company, Fidelity-Philadelphia Trust Company, The Fidelity Bank, and Fidelity Bank, National Association. It was absorbed in 1988 in the biggest U.S. bank merger up to that point, and is today part of Wells Fargo. History It was founded in 1866 by financier Clarence Howard Clark Sr., Clarence H. Clark (1833–1906) and several partners as the Fidelity Insurance, Trust, & Safe Deposit Company with initial capital of $250,000. Besides selling insurance and transacting Trust company, trust business, the company was the second U.S. bank to offer safe deposit services. The bank was located at Broad and Walnut Streets in Philadelphia. The Chestnut Street building was designed by G. W. & W. D. Hewitt - Architects, Frederick S. Holmes - Vault Engineer, anDamon Safe & Iron Works Co.- Vault Builder. Clark served as ...
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First National Bank (Philadelphia)
First National Bank was a bank in Philadelphia. Chartered in 1863, it was the first national bank created under the banking reforms of the Civil War that began to define the modern U.S. banking system, and the first commercial bank to issue a federal banknote. It operated independently until 1955, when it was merged into the Bank of North America and Trust Company, which now is part of Wells Fargo. History 19th century During the Civil War, the cash-strapped Lincoln administration, acting on the suggestion of Philadelphia financier Jay Cooke, sought to create a true national currency by fostering a class of strong banks entitled to print banknotes backed by the U.S. federal government. Congress took up the effort with the National Banking Act of 1863 (previously called the National Currency Act), passed on February 25, 1863. The first charter under the new Act went to a group of Philadelphia financiers that included Cooke. They received the charter on June 20, opened the doo ...
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