John C. Traphagen
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John C. Traphagen
John Conselyea Traphagen (October 20, 1889 – October 2, 1979) was an American banker. Early life Traphagen was born in Nyack, New York on October 20, 1889 into a family long associated with politics and business. He was a son of Caroline Ross ( Maxwell) Traphagen (1853–1936) and William Conselyea Traphagen (1837–1894). Among his siblings were Eleanor Van Vorst Traphagen (wife of William Bisland Williams Jr.), Ethel Traphagen (founder of the Traphagen School of Fashion and wife of artist William Robinson Leigh), and Maxwell Eustace Traphagen (who married Sarah Neilson Stearns). His father was an attorney who was elected a member of the New York State Senate representing the 10th District, New York City. His paternal grandparents were Henry Mackaness Traphagen and Sarah ( Conselyea) Traphagen. His father and uncle Henry Traphagen, the 19th Mayor of Jersey City, were great-grandsons of former Jersey City mayor Cornelius Van Vorst. His maternal grandparents were Caroline E ...
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List Of Presidents Of The Bank Of New York
The following is a list of presidents of Bank of New York from inception in 1784 until its 2007 merger with Mellon Financial. History The Bank of New York was formed following a June 1784 meeting at a coffee house on Franklin Square (Manhattan), St. George's Square. The bank operated without a charter for seven years. The bank opened on June 9, 1784, with Alexander McDougall as the first president and William Seton as Cashier. Its first offices were in the old Walton Mansion in New York City. In 1787, it moved to a site on Hanover Square (Manhattan), Hanover Square that the New York Cotton Exchange later moved into. The bank provided the United States government its first loan in 1789. The loan was orchestrated by Alexander Hamilton, then United States Secretary of the Treasury, Secretary of the Treasury, and it paid the salaries of United States Congress members and President of the United States, President George Washington. The Bank of New York was the first company to be trad ...
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Zachary Taylor
Zachary Taylor (November 24, 1784 – July 9, 1850) was an American military officer and politician who was the 12th president of the United States, serving from 1849 until his death in 1850. Taylor was a career officer in the United States Army, rising to the rank of major general and becoming a national hero for his victories in the Mexican–American War. As a result, he won election to the White House despite his vague political beliefs. His top priority as president was to preserve the Union. He died 16 months into his term from a stomach disease. Taylor had the third-shortest presidential term in U.S. history and was the third president whose death has been traced to poor sanitation in Washington DC. Taylor was born into a prominent family of plantation owners who moved westward from Virginia to Louisville, Kentucky, in his youth. He was the last president born before the adoption of the Constitution. He was commissioned as an officer in the U.S. Army in 1808 and made ...
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Baltimore And Ohio Railroad
The Baltimore and Ohio Railroad was the oldest railroads in North America, oldest railroad in the United States and the first steam engine, steam-operated common carrier. Construction of the line began in 1828, and it operated as B&O from 1830 until 1987, when it was merged into the Chessie System. Its lines are today controlled by CSX Transportation. Founded to serve merchants from Baltimore who wanted to do business with settlers crossing the Appalachian Mountains, the railroad competed with several existing and proposed Central Avenue (Albany, New York), turnpikes and canals, including the Erie Canal, Erie and Chesapeake and Ohio Canal. The railroad began operation in 1830 on a 13-mile line between Baltimore and Ellicott City, Maryland, Elliot's Mill in Maryland. Horse-drawn cars were replaced by steam locomotives the following year. Over the following decades, construction continued westward. During the American Civil War, the railroad sustained much damage but proved cru ...
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Babcock & Wilcox
Babcock & Wilcox Enterprises, Inc. is an American energy technology and service provider that is active and has operations in many international markets with its headquarters in Akron, Ohio. Historically, the company is best known for their steam boilers. Background The company was founded in 1867 in Providence, Rhode Island, by partners Stephen Wilcox and George Herman Babcock, George Babcock to manufacture and market Wilcox's patented water-tube boiler. B&W's list of innovations and firsts include the world's first installed utility boiler (1881); manufacture of boilers to power New York City's first subway (1902); first pulverized coal power plant (1918); design and manufacture of components for , the world's first nuclear-powered submarine (1953–55); the first supercritical boiler, supercritical pressure coal-fired boiler (1957); design and supply of reactors for the first U.S. built nuclear-powered surface ship, (1961).''Steam/its generation and use'', 41st Edition Histo ...
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Skandia
Skandia is a Swedish financial services corporation that provides insurance, banking and asset management services. Between 2006 and 2015, the financial group underwent major changes. From an insurance company with the main emphasis on non-life insurance to a business that is globally focused on savings, to once again becoming a Nordic banking and insurance group with a focus on security and long-term savings. In February 2006, the South African company Old Mutual took over the majority of shares in the company. In March 2012, Skandia Liv bought Skandia's Nordic operations back from Old Mutual and decided to transform Skandia into a customer-owned, mutual company retaining the Skandia name. History Skandia started out as a Swedish insurance company in 1855. It would go on to operates in Europe, Latin America, and Asia. Skandia also operated an internet bank called Skandiabanken in the Nordic region. In 1979, the company formed a UK subsidiary, Skandia Life. In 2003, th ...
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Prudential Insurance Company
Prudential Financial, Inc. is an American financial services company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States with $815.1 billion in total assets. The company is included in the ''Fortune'' Global 500 and ''Fortune'' 500 rankings. Logo The use of Prudential's symbol, the Rock of Gibraltar, began after an advertising agent passed Laurel Hill, a volcanic neck, in Secaucus, New Jersey, on a train in the 1890s. The related slogans "Get a Piece of the Rock" and "Strength of Gibraltar" are also still quite widely associated with Prudential, though current advertising uses neither of these. Through the years, the symbol went through various versions, but in 1989, a simplified pictogram symbol of the Rock of Gibraltar was adopted an ...
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Atlantic Mutual Insurance Company
The Atlantic Mutual Insurance Company was a mutual insurance company which offers personal, marine, commercial property, and casualty insurance.Atlantic Mutual Companies, ''Meeting the Challenges of Our Time: 2001 Annual Report,'' 2001. It is part of the Atlantic Mutual Companies, which includes Centennial Insurance Company. Its corporate headquarters are at 140 Broadway, a block from the World Trade Center. History The company was founded in 1838 as the Atlantic Insurance Company. Originally a joint-stock company,Weil, ''A History of New York,'' 2004. it became a mutual company on April 11, 1842.Jaher, ''The Urban Establishment: Upper Strata in Boston, New York, Charleston, Chicago, and Los Angeles,'' 1982. Its first chairman was Walter Restored Jones, a member of a prominent upper-class family of attorneys in New York City. The Jones family ran the company for decades. By the 1850s, Atlantic Mutual was the largest marine and general insurance firm in North America and the onl ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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Bank Of New York
The Bank of New York Mellon Corporation, commonly known as BNY, is an American international financial services company headquartered in New York City. It was established in its current form in July 2007 by the merger of the Bank of New York and Mellon Financial Corporation. Through the lineage of Bank of New York, which was founded in 1784 by a group that included Alexander Hamilton, BNY is regarded as one of the three oldest banks in the United States and among the oldest in the world. It was the first company listed on the New York Stock Exchange. In 2024, it was ranked 130th on the ''Fortune'' 500 list of the largest U.S. corporations by total revenue. As of 2024, it is the 13th-largest bank in the United States by total assets and the 83rd-largest in the world. BNY is considered a systemically important financial institution by the Financial Stability Board. BNY provides a wide range of financial services, including asset management, custody and securities services, gov ...
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Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ...
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Chase National Bank
JPMorgan Chase Bank, N.A., Trade name, doing business as Chase, is an American National bank (United States), national bank headquartered in New York City that constitutes the retail banking, consumer and commercial bank, commercial banking subsidiary of the U.S. Multinational corporation, multinational banking and financial services holding company, JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Manhattan Company in 1955. The bank merged with Chemical Bank New York in 1996 and later merged with Bank One Corporation in 2004 and in 2008 acquired the deposits and most assets of Washington Mutual. In May 2023, it acquired the assets of First Republic Bank. Chase offers more than 4,701 branches and 15,000 Automated teller machine, ATMs nationwide and has 18.5 million checking accounts and 25 million debit card users as of 2023. JPMorgan Chase ...
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