P.P.F. Degrand
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__NOTOC__ Peter Paul Francis Degrand (1787–1855) or P.P.F. Degrand was a French-born
broker A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither ...
and merchant in
Boston Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...
,
Massachusetts Massachusetts ( ; ), officially the Commonwealth of Massachusetts, is a U.S. state, state in the New England region of the Northeastern United States. It borders the Atlantic Ocean and the Gulf of Maine to its east, Connecticut and Rhode ...
, in the 19th century.


Business career

Degrand was born in
Marseilles Marseille (; ; see below) is a city in southern France, the prefecture of the department of Bouches-du-Rhône and of the Provence-Alpes-Côte d'Azur region. Situated in the Provence region, it is located on the coast of the Mediterranean S ...
, France, and moved to Boston around 1803. He published the ''Boston Weekly Report'' in the 1820s, possibly employing
Edgar Allan Poe Edgar Allan Poe (; January 19, 1809 – October 7, 1849) was an American writer, poet, editor, and literary critic who is best known for his poetry and short stories, particularly his tales involving mystery and the macabre. He is widely re ...
for two weeks as a clerk and perhaps also as a reporter. He was one of the thirteen founding members of the
Boston Stock Exchange The Boston Stock Exchange (now NASDAQ BX, formerly ''BSE'') was a regional stock exchange formerly located in Boston, Massachusetts. It was founded in 1834, making it the third-oldest stock exchange in the United States. On October 2, 2007, NASDAQ ...
and was described by Clarence W. Barron and Joseph G. Martin as "the man to whose indomitable energy and foresight the existence of the Boston Stock Exchange is largely due". He was a major stockholder in the Western Railroad and was instrumental in securing financial aid from the state during the railroad's early years.


Personal life

Degrand lived on Pinckney Street in Beacon Hill. He was friend with
President of the United States The president of the United States (POTUS) is the head of state and head of government of the United States. The president directs the Federal government of the United States#Executive branch, executive branch of the Federal government of t ...
John Quincy Adams John Quincy Adams (; July 11, 1767 – February 23, 1848) was the sixth president of the United States, serving from 1825 to 1829. He previously served as the eighth United States secretary of state from 1817 to 1825. During his long diploma ...
. He died on December 23, 1855 and was buried in
Forest Hills Cemetery Forest Hills Cemetery is a historic rural cemetery, greenspace, arboretum, and sculpture garden in the Forest Hills section of Jamaica Plain, a neighborhood in Boston, Massachusetts, United States. The cemetery was established in 1848 as a pu ...
."Deaths." New England Historical and Genealogical Register, v.10, no.2, April 1856 Degrand bequeathed $120,000 to charity, a large part of which was for the acquisition of French-language scientific texts for
Harvard University Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...
.


References


Further reading


By Degrand

* ''PPF Degrand's Boston Weekly Report of Public Sales and of Arrivals.'' Boston: 1819-1828
Proceedings of the Friends of a national bank
at their public meeting, held in Boston, fifteenth July, 1841: Including an address to the people of the U. States: showing that, to give healthful action, to the vital functions of the constitution of the United States, a national bank (not a government), invested with the powers herein described, is indispensably necessary. Boston: Dutton and Wentworth, 1841 *


About Degrand

*


External links

* WorldCat
Degrand, P. P. F. (Peter Paul Francis) 1787-1855
{{DEFAULTSORT:Degrand, P P F 1787 births 1855 deaths Businesspeople from Boston 19th century in Boston People from Beacon Hill, Boston 19th-century French businesspeople French emigrants to the United States Businesspeople from Marseille 19th-century American businesspeople Presidents of the Boston Stock Exchange