Stillman, James

Stillman, James
born June 9, 1850, Brownsville, Texas, U.S.
died March 15, 1918, New York, N.Y.

U.S. financier and banker.

He began his career in a New York mercantile house. He became president of the National City Bank (see Citigroup) in 1891, shortly after the Rockefeller family obtained a controlling interest in the bank. Under his leadership the bank prospered during the panic of 1893, more than doubling its deposits and becoming the leading U.S. bank. In 1897 it was the only bank capable of financing the reorganization of the Union Pacific Railroad. At his death he left a huge personal fortune.

* * *

▪ American financier and banker
born June 9, 1850, Brownsville, Texas, U.S.
died Mar. 15, 1918, New York City

      American financier and banker whose presidency of New York's National City Bank (now Citibank) made it one of the most powerful financial institutions in the United States.

      Beginning his career in a New York City mercantile house, Stillman became a protégé of Moses Taylor, then a wealthy merchant and banker. In 1891, having participated in a number of Taylor's projects, Stillman succeeded Taylor's son-in-law as president of the National City Bank.

      By maintaining large cash reserves and drawing on powerful connections, such as his close friend William Rockefeller, Stillman's bank prospered during the panic of 1893, more than doubling deposits and rising to a commanding position among U.S. banks. In 1897 he helped finance, in connection with Kuhn, Loeb, and Company, the reorganization of the Union Pacific Railroad. National City Bank later expanded into international markets, establishing a preeminence that it has retained since.

      Deposits mushroomed during Stillman's tenure from about $12,000,000 in 1891 to $638,000,000 at the time of his death. He left a personal fortune estimated at more than $50 million.

* * *


Universalium. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Stillman, James — (9 jun. 1850, Brownsville, Texas, EE.UU.–15 mar. 1918, Nueva York, N.Y.). Banquero y financista estadounidense. Inició su carrera profesional en un establecimiento comercial de Nueva York. En 1891 se convirtió en presidente del National City Bank …   Enciclopedia Universal

  • James Stillman — James Stillman, vers 1910 James Jewett Stillman (né le 9 juin 1850 et mort le 15 mars 1918) fut un important homme d affaires Américain qui investit dans des propriétés foncières, des banques, et des compagnies de chemin de fer à New York, au… …   Wikipédia en Français

  • James Stillman — James Jewett Stillman (June 09, 1850 – March 15, 1918) was a noted American businessman who invested in land, banking, and railroads in New York, Texas, and Mexico. The son of Elizabeth Pamela Stillman (neé Goodrich) and Charles Stillman, James… …   Wikipedia

  • James — James, Henry James, Henry James, William * * * (as used in expressions) Agee, James Anderson, (James) Maxwell Audubon, John James Baldwin, James (Arthur) Balfour (de Whittingehame), Arthur James, 1 conde Ballard, J(ames) G(raham) Barrie, Sir… …   Enciclopedia Universal

  • James — /jaymz/, n. 1. Also called James the Great. one of the 12 apostles, the son of Zebedee and brother of the apostle John. Matt. 4:21. 2. the person identified in Gal. 1:19 as a brother of Jesus: probably the author of the Epistle of St. James. 3.… …   Universalium

  • James Stillman Rockefeller — (June 8, 1902 August 10, 2004) was a member of the prominent U.S. Rockefeller family. A paternal grandson of William Rockefeller, his maternal grandfather James Stillman and uncle James Alexander Stillman served as president of the National City… …   Wikipedia

  • Stillman — is a surname, and may refer to: * Al Stillman (1906 ndash;1979), American lyricist * Ary Stillman (1891 ndash;1967), Russian American painter * Cory Stillman (born 1973), Canadian professional ice hockey player * Fredrik Stillman (born 1966),… …   Wikipedia

  • Stillman — ist der Name folgender Personen: Bruce Stillman (* 1953), australischer Biologe Cory Stillman (* 1973), kanadischer Eishockeyspieler Fredrik Stillman (* 1966), schwedischer Eishockeyspieler James Jewett Stillman (1850 1918), US amerikanischer… …   Deutsch Wikipedia

  • James D. Watson — James Dewey Watson Pour les articles homonymes, voir Watson. James D. Watson Naissance …   Wikipédia en Français

  • James Watson — James Dewey Watson Pour les articles homonymes, voir Watson. James D. Watson Naissance …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”