Indenture of 1878 - Moses Taylor - Miscellaneous for Sale

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Indenture of 1878 - Moses Taylor - Miscellaneous For Sale

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Indenture of 1878 - Moses Taylor - Miscellaneous:
$75.00

An Indenture made between the Sheriff of New York and Moses Taylor regarding an action between \"The Delaware and Lackawanna and Western Rail Road Company\" and William H. Andrews. Not signed. Moses Taylor (January 11, 1806 May 23, 1882) was a 19th-century New York merchant and banker and one of the wealthiest men of that century. At his death, his estate was reported to be worth $70 million, or about $1.9 billion in today\'s dollars. He controlled the National City Bank of New York (later to become Citibank), the Delaware, Lackawanna & Western railroad, and the Moses Taylor & Co. import business, and he held numerous other investments in railroads and industry. Taylor was born on January 11, 1806 to Jacob B. Taylor and Martha (ne Brant) Taylor. His father was a close associate of John Jacob Astor and acted as his agent by purchasing New York real estate while concealing Astor\'s interest. Astor\'s relationship with the Taylor family provided Moses with an early advantage. At age 15, Moses Taylor began working at J. D. Brown shippers. He soon moved to a clerk\'s position in the firm of Gardiner Greene Howland and Samuel Howland\'s firm G. G. & S. Howland Company of New York, a shipping and import firm that traded with South America. By 1832, at age 26, Moses had sufficient wealth to marry, leave the Howland company, and start his own business as a sugar broker. As such he dealt with slave-owning Cuban sugar growers, found buyers for their product, exchanged currency, and advised and assisted them with their investments. He nurtured relationships with those slave-owners, who relied on him for loans and investments to support their plantations. Taylor never visited Cuba, but his friendship with Henry Augustus Coit, a prominent trader who was fluent in Spanish, enabled him to trade with the Cuban growers. Taylor soon discovered that loans and investments provided returns that were as good as, or better than, those from the sugar business, although the sugar trade remained a core so Item ordered may not be exact piece shown. All original and authentic.