Jeremiah Milbank
Jeremiah Milbank(April 18, 1818 – June 1, 1884) American businessman, was a successfuldry goodscommission merchant, speculator inTexasterritorial bonds, manufacturer, and railroad investor. His most successful business efforts were the New York Condensed Milk Company (1857, renamed theBorden Companyin 1899) which he co-founded with inventorGail Borden[1]and theChicago, Milwaukee and St. Paul Railway(1876) where he was a member of the executive committee of the Board of Directors.[2][3]Milbank was a founder and president of the board of trustees of theMadison Avenue Baptist Churchat 31st. Street, New York City, and trustee of the Baptist's Rochester Theological Seminary (University of Rochester). The city ofMilbank, South Dakota,which is the seat of Grant County, was founded in 1880 and named in his honor.[3]Among other interests, Milbank was in 1870 an original subscriber of theMetropolitan Museum of Art[4]and owned a box at theMetropolitan Opera.
Biography
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Milbank was born April 18, 1818, at 51/2 Bancker Street,New York City,the eleventh child of Samuel Milbank (1775–1853) and Elizabeth Wall Milbank. He married Elizabeth Lake (1827–1891), the daughter of banker Joseph Lake of New York and Greenwich, CT on May 11, 1847. At the time of his death on June 1, 1884, his fortune was estimated at $32 million, one-half of which he bequeathed to his son Joseph and the remainder to his daughterElizabeth Milbank Anderson(Mrs.Abraham Archibald Anderson) and his granddaughter,Eleanor Milbank Anderson(1878–1959). His grandsonJeremiah Milbankwas a close friend of Herbert Hoover and a prominent philanthropist for people with disabilities. Milbank was buried in Greenwood Cemetery, Brooklyn and in 1917 interred in the Milbank Mausoleum,Putnam Cemetery,Greenwich, Connecticut.[5][6]
References
[edit]- ^Frantz, Joe B. (1951).Gail Borden: Dairyman To A Nation.University of Oklahoma Press.
- ^Annual Report of the Chicago, Milwaukee, and St. Paul Railway Company.1879. p. 5.
- ^abCary, John W. (1981).The Organization and History of the Chicago, Milwaukee & St. Paul Railway Company(Reprint of 1893Chicago:Aikens and Cramer ed.).New York:ARNO Press.
- ^"Metropolitan Museum of Art Archives" Subscriptions to the fund for 250,000 dollars - 1870 ".
- ^"Obituary: Mr. Jeremiah Milbank".New York Times.June 2, 1884. p. 5.
- ^"Jeremiah Milbank".Fortune Magazine.May 1959.