Charles D. Barney
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Charles Dennis Barney (July 9, 1844 – October 24, 1945) was an American
stockbroker A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee. In most countries they are regulated as a broker or broker-dealer and ...
and founder of Charles D. Barney & Co., one of the predecessors of the brokerage and securities firm
Smith Barney Morgan Stanley Wealth Management is an American Multinational corporation, multinational financial services corporation specializing in Broker, retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, ...
.


Early life

Barney was born in
Sandusky, Ohio Sandusky ( ) is a city in Erie County, Ohio, United States, and its county seat. Situated on the southern shore of Lake Erie, Sandusky is located roughly midway between Toledo, Ohio, Toledo ( west) and Cleveland ( east). At the 2020 United Stat ...
, on July 9, 1844. He was the son of grain merchant Charles D. Barney (1812–1849) and Elizabeth Caldwell (
née The birth name is the name of the person given upon their birth. The term may be applied to the surname, the given name or to the entire name. Where births are required to be officially registered, the entire name entered onto a births registe ...
Dennis) Barney (1820–1908). His younger sisters were Sarah Amanda (née Barney) Kieffer, Helen Elizabeth Barney, and Susan Caldwell (née Barney) Butler. After his father died in 1849 during a
cholera epidemic Seven cholera pandemics have occurred in the past 200 years, with the first pandemic originating in India in 1817. The seventh cholera pandemic is officially a current pandemic and has been ongoing since 1961, according to a World Health Organi ...
, his mother remarried to Rev. Moses Kieffer, a minister and the former president of
Heidelberg College Heidelberg University is a private university in Tiffin, Ohio, United States. Founded in 1850, it was known as "Heidelberg College" until 1889 and from 1926 to 2009. It is affiliated with the United Church of Christ and enrolled 1,000 students ...
in
Tiffin, Ohio Tiffin is a city in Seneca County, Ohio, United States, and its county seat. Developed along the Sandusky River, Tiffin is located about southeast of Toledo, Ohio, Toledo. The population was 17,953 at the 2020 United States census, 2020 census. ...
. His paternal grandparents were Throop Barney and Sarah Richmond (née Danforth) Barney. His maternal grandparents were Eben Jacob Dennis and Amanda Gilmore (née Caldwell) Dennis, members of an old New York family. He attended the
University of Michigan The University of Michigan (U-M, U of M, or Michigan) is a public university, public research university in Ann Arbor, Michigan, United States. Founded in 1817, it is the oldest institution of higher education in the state. The University of Mi ...
in
Ann Arbor, Michigan Ann Arbor is a city in Washtenaw County, Michigan, United States, and its county seat. The 2020 United States census, 2020 census recorded its population to be 123,851, making it the List of municipalities in Michigan, fifth-most populous cit ...
, when the
American Civil War The American Civil War (April 12, 1861May 26, 1865; also known by Names of the American Civil War, other names) was a civil war in the United States between the Union (American Civil War), Union ("the North") and the Confederate States of A ...
broke out. Barney's older brother, Henry Caldwell Barney, was killed and at the end of 1862, Barney was permitted by his family to enlist in the Union Army, serving as part of Company B, 145th Regiment of the Ohio Volunteer Infantry at the rank of
corporal Corporal is a military rank in use by the armed forces of many countries. It is also a police rank in some police services. The rank is usually the lowest ranking non-commissioned officer. In some militaries, the rank of corporal nominally corr ...
. He helped man fortifications along the Potomac which protected Washington from the cavalry of Gen.
Jubal Early Jubal Anderson Early (November 3, 1816 – March 2, 1894) was an American lawyer, politician and military officer who served in the Confederate States Army during the Civil War. Trained at the United States Military Academy, Early resigned his ...
.


Career

After the war, Barney worked briefly as a clerk at a bank in Sandusky. After two years, Barney moved to
Philadelphia Philadelphia ( ), colloquially referred to as Philly, is the List of municipalities in Pennsylvania, most populous city in the U.S. state of Pennsylvania and the List of United States cities by population, sixth-most populous city in the Unit ...
, where he married the daughter of prominent financier
Jay Cooke Jay Cooke (August 10, 1821 – February 16, 1905) was an American financier who helped finance the Union war effort during the American Civil War and the postwar development of railroads in the northwestern United States. He is generally acknowle ...
, joining the firm of
Jay Cooke & Company Jay Cooke & Company was a U.S. bank that operated from 1861 to 1873. Headquartered in Philadelphia, Pennsylvania, with branches in New York City and Washington, D.C., the bank helped underwrite the American Civil War, Union Civil War effort. It ...
. Following the collapse of his father-in-law's Philadelphia banking house, in 1873, Barney reorganized the firm as Chas. D. Barney & Co. Barney's brother-in-law, Jay Cooke, Jr., joined the new firm as a minority partner. Retrieved on August 12, 2008. Barney retired from day-to-day control of the firm in 1907, but remained involved through the 1930s. The business continued, under the same name, Henry E. Butler, J. Horace Harding (his son-in-law), Jay Cooke III, and Charles S. Phillips. In 1938, Charles D. Barney & Co. and Edward B. Smith & Co. merged to form Smith Barney & Co.


Personal life

In 1868, Barney was married to Laura Elmina Cooke (1849–1919), the daughter of prominent
Philadelphia Philadelphia ( ), colloquially referred to as Philly, is the List of municipalities in Pennsylvania, most populous city in the U.S. state of Pennsylvania and the List of United States cities by population, sixth-most populous city in the Unit ...
financier
Jay Cooke Jay Cooke (August 10, 1821 – February 16, 1905) was an American financier who helped finance the Union war effort during the American Civil War and the postwar development of railroads in the northwestern United States. He is generally acknowle ...
(who was also from Sandusky, Ohio and was a son of
U.S. Representative The United States House of Representatives is a chamber of the bicameral United States Congress; it is the lower house, with the U.S. Senate being the upper house. Together, the House and Senate have the authority under Article One of th ...
Eleutheros Cooke) and Dorothea Elizabeth (née Allen) Cooke. Together, the Barneys were listed on the
Social Register The ''Social Register'' is a semi-annual publication in the United States that indexes the members of American high society. First published in the 1880s by newspaper columnist Louis Keller, it was later acquired by Malcolm Forbes. Since 2014, ...
, and were the parents of six daughters, including: * Dorothea Elizabeth Allen Barney (1871–1935), who married James Horace Harding, in 1898. * Elizabeth Barney (1872–1953), who married John Hammann Whittaker. * Catherine Cooke Barney (1873–1942), who married Joseph Shallgrass Bunting. * Emily Bronaugh Barney (1876–1961), who married Johann Friedrich Hiller von Gaertringen, Baron von Hiller. * Laura Barney (1878–1950), who married Henry Miller Watts, a son of diplomat
Ethelbert Watts Ethelbert Watts (February 25, 1846 – July 13, 1919) was a United States diplomat for over twenty-four years, who played important roles in the Spanish–American War, Russo-Japanese War, and World War I. Early life Watts was born in Philadelph ...
. * Carlotta Doris Barney (1885–1954), who married Archibald Blair Hubard. Barney was a director of the
Union League of Philadelphia The Union League of Philadelphia is a private club founded in 1862 by the Old Philadelphians as a patriotic society to support the policies of Abraham Lincoln. As of 2022, the club has over 4,000 members. Its main building was built in 1865 a ...
. After reaching the age of 100 in 1944, Barney died the following year on October 24, 1945, at the age of 101 at Eildon, his mansion in
Elkins Park, Pennsylvania Elkins Park is an unincorporated community in Montgomery County, Pennsylvania, United States. It is split between Cheltenham and Abington Townships in the northern suburbs outside of Philadelphia, which it borders along Cheltenham Avenue roug ...
near Philadelphia. At the time of his death, Barney was among the oldest living veterans of the
American Civil War The American Civil War (April 12, 1861May 26, 1865; also known by Names of the American Civil War, other names) was a civil war in the United States between the Union (American Civil War), Union ("the North") and the Confederate States of A ...
.Wall Street people: True stories of the great barons of finance
John Wiley and Sons, 2003


Descendants

Through his daughter Dorothea, he was a grandfather of actress Laura Barney Harding, a close friend of
Katharine Hepburn Katharine Houghton Hepburn (May 12, 1907 – June 29, 2003) was an American actress whose Katharine Hepburn on screen and stage, career as a Golden Age of Hollywood, Hollywood leading lady spanned six decades. She was known for her headstrong ...
, and bankers William Barclay Harding (1907–1967) and Charles Barney Harding (1899–1979), who married Marion Choate (a daughter of Joseph H. Choate Jr. and granddaughter of Ambassador
Joseph Hodges Choate Joseph Hodges Choate (January 24, 1832 – May 14, 1917) was an American lawyer and diplomat. He was chairman of the American delegation at the Second Hague Conference, and ambassador to the United Kingdom. Choate was associated with many of t ...
and suffragist
Caroline Dutcher Sterling Choate Caroline Dutcher Sterling Choate (June 16, 1837 – November 12, 1929, generally styled Mrs. Joseph H. Choate) was an artist, educational reformer, suffragist, philanthropist and socialite. She was the wife of lawyer and U.S. Ambassador to the Un ...
). Through his daughter Laura he was a great grandfather of inventor Nick DeWolf.


Residence

In 1878, Barney and his wife purchased an old farmhouse named "Eildon" at the northwest corner of Spring Avenue and Old York Road, on land that adjoined
Ogontz Ogontz/Belfield is a neighborhood in Upper Northern Philadelphia that is located adjacent to West Oak Lane, East Germantown, Logan, and Fern Rock, Philadelphia, Pennsylvania, United States. History Ogontz was named after a Native American chi ...
, his father-in-law's estate in Elkins Park near Philadelphia. The farmhouse, which had previously been rented to Rachel Carr as Miss Carr's Ladies Seminary, had been owned by Frederick Fraley. Shortly after acquiring the home, however, it was destroyed by a fire. In 1881, the Barneys built a Queen Anne-style mansion in its place, which was considered "one of the finest and most complete residences at Chelten Hills". The large stone mansion designed by Isaac Harding Hobbs and trimmed with brick. In 1947, two years after his death, the home was demolished and in 1956, the Elkins Park House apartments were built in its place.


References

;Notes ;Sources


External links

* {{DEFAULTSORT:Barney, Charles D. 1844 births 1945 deaths American bankers American men centenarians American stockbrokers University of Michigan alumni People from Sandusky, Ohio Union army non-commissioned officers