From collection Creating Acadia National Park: The George B. Dorr Research Archive of Ronald H. Epp

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Wealth Accumulation
Wealth Accumulation.
CHAPTER THIRTEEN
Wealth: The Fertilizer of Family Trees
God helps them who help themselves.
Benjamin Franklin
The accumulation of wealth is not the loftiest end of human
effort.
Charles Francis Adams, Jr.
All social systems are grounded in the division of labor and the production
and distribution of wealth. And all advanced civilizations must be involved
with distributing the surplus wealth each generation creates. By and large, in
middle-class market societies, such as the United States has been throughout
most of our history, control of surplus wealth rests with the upper classes. Any
upper-class way of life, then, is based on inherited wealth.
In this chapter, I shall discuss four main issues: (1) how and when did the
family founders acquire their wealth; (2) how successful have their heirs been in
keeping (or enlarging) their inheritances; (3) how does an upper class, in each
generation, assimilate new men of wealth and their families into an upper-class
style of life; and (4) how do upper-class values serve to motivate men of privilege
to contribute to the enrichment of the cultural and political life of the society as
a whole? The fourth, and surely the most important point, will be analyzed in
more detail in the following five chapters, which compare the roles of Boston
Brahmins and Philadelphia Gentlemen in building educational institutions
(Chapter 14); in literature and the life of the mind (Chapter 15); in art and ar-
chitecture (Chapter 16); in law, medicine, and the church (Chapter 17): and
208
THE NATIONAL EXPERIENCE: COMPARATIVE INSTITUTIONS
Wealth: The Fertilizer of Family Trees
209
Egalitarian and individualistic societies of great social and economic mobility
tend to be hundred-yard-dash cultures; hierarchical and communal cultures are
is a major industry in Boston. More than $81 billion of other people's money is
more likely to emulate the style of the long-distance runner. Similarly, democ-
managed by Boston financiers. Consider: Boston is the birthplace of the mutual
racies foster the making of fabulous fortunes; aristocracies, the preservation of
fund, the tool of people's capitalism. Approximately 35 percent of the mutual
fund industry's $58 billion is harbored here. More college endowment money is
more modest ones. As we have seen in the case of family continuity of leader-
handled here than in any other city: The budgets of Harvard, Yale, MIT, Brown
ship, Bostonians tend to be long-distance runners whereas hundred-yard-dash
and many others rely on the expertise of a handful of money men in this city.
cut-flowers are more characteristic of Philadelphia. And so it has been with
Law firms and private trustees alone manage an estimated $4 billion in wealth.
wealth and the preservation thereof. Perhaps there is no better way of introduc-
ing this point than to take a look at what happened to the small legacies left by
A. Lawrence Lowell once expressed concern that nobody in his family was
Benjamin Franklin to both of his beloved cities.
still engaged in moneymaking. He need not have. For, according to Lenzner,
In a codicil to his will, written in 1789 and put into effect in 1791, the year
scions of the "early Colonial families" are now doing well as money managers:
following his death, Franklin bequeathed £1,000, or $4,444, each to the citi-
"Names like Paul Cabot, Richard Saltonstall, George Putnam, John P. Chase,
zenries of the town of Boston and the city of Philadelphia. The money was "to
Augustus Loring, John Lowell, and Nick Thorndike still grace the chief execu-
be let out upon interest at 5 per cent per annum to young married artificers,
tive offices of the city's leading financial institutions." Boston's values have no-
under the age of 25." Fascinated by the uses of money, Franklin carefully esti-
where been better expressed than when a member of the firm of Thorndike,
mated that at the end of 100 years, the value of these two legacies would
Doran, Paine & Lewis, the counseling arm of Wellington Management Com-
amount to £131,000 (about $582,000) each and £4,061,000, or about $18 mil-
pany, told the Globe: "Divorced from Wall Street and the herd, we are thought
lion, by the time of their final liquidation in 1991.
to have an independent point of view. People think 'here's a group that can sit
back and reflect.' " 5
The story of how this money was used in the two cities is too long and com-
plicated to tell here. It is perhaps enough to say that as of July 1891, at the end
Moneymaking and civic responsibility still mark the breed. Thus, John Low-
of the first century, the Franklin Fund endowment in Philadelphia amounted
ell (Harvard, class of 1942) for more than a quarter century has worked for the
to about $90,000, less than one-fourth of the Boston fund of $391,000. As of
Boston Safe Deposit and Trust Company, of which his father was once chair-
1962, Philadelphia's fund totaled $315,000, or less than one-fifth of Boston's to-
man. In 1972, John Lowell was trustee or director of forty-one institutions (in-
tal of $1,750,000. In that year the trustees of Boston's fund decided to begin
cluding the Franklin Foundation) all over the land. The breadth and diversity
helping medical students. The first loans were made to interns and medical stu-
of his financial, religious, cultural, and educational responsibilities are indi-
dents, at interest rates of 2 percent during their training and of 5 percent during
Cated in the Directory of Directors in the City of Boston and Vicinity, 66th Edition.
the repayment period. By 1972, some $2.5 million had been lent to 1,300 stu-
dent and intern borrowers. In contrast to the still independent Franklin Foun-
LOWELL, JOHN, One Boston Place, Director, Boston Safe Deposit and Trust
Company.
dation in Boston, the Philadelphia fund is now merged into the investment
Bailey and Rhodes, Los Angeles, Director
portfolio of the Board of City Trusts, which manages some 100 other public be-
Bangor Theological Seminary, Trustee
quests including the enormous Girard estate. I do not know exactly how this
Boston College, Director and Member of Executive Committee
money is being used, but I imagine that it is increasing in value just as slowly as
Boston Episcopal Society, Trustee
in the past.
Boston Hospital for Women, Trustee and Member of Executive Committee
Committee for the Central Business District, Inc., Treasurer
It is no wonder that the trustees of the Franklin Foundation in Boston have
Consolidated Investment Trust, Trustee and Member of Executive Committee
done so much better a job in augmenting and using this endowment than their
Franklin Foundation, Vice-President
peers in Philadelphia; for, although trust funds lie at the core of family continu-
Franklin Institute of Boston, Trustee
ity at the top in both cities, Boston trustees in the George Apley mold have
Greater Boston Charitable Trust, Board of Managers
International Grenfel Association, Director and Assistant Treasurer
long been nationally famous managers of other people's money. "Through its
Johnson Securities Company, Director
interpretation of their so-called 'spendthrift' trusts," wrote Cleveland Amory
Johnston & Co. (Douglas T.), Inc., Director
"Boston's First Family fortunes have long been tied up beyond the reach of any
Massachusetts Capital Development Fund, Inc., Director
power save possibly, as one financial writer put it, the Communist Interna-
Massachusetts Company, Director
tional."
Massachusetts General Life Insurance Company, Director and Member of Fi-
nance Committee
Today, though hundred-yard-dash speculators flock to Wall Street, the long.
Massachusetts Income Development Fund, Inc., Director
distance runners entrust their fortunes to the money managers of Boston.
Massachusetts Investors Growth Fund, Director
"Handling other people's money," wrote the Boston Globe's man on Wall
Massachusetts Investors Trust, Trustee
Museum of Science, Member of the Corporation
210
THE NATIONAL EXPERIENCE: COMPARATIVE INSTITUTIONS
Wealth: The Fertilizer of Family Trees
211
New England Committee for Project Hope, Chairman
Maurice Gordon
Real estate
New England Grenfel Association, Director and Treasurer
Serge Semenke
Banker and money man
Noble and Greenough School, Trustee
Charles Francis Adams
Raytheon Company
Northeastern University, Trustee
Louis W. Cabot
Cabot Corporation
Perkins School for the Blind, Trustee
George Peabody Gardner, Jr.
Paine, Webber, Jackson & Curtis
Pierce Company, Inc., Director
Kenneth H. Olson
Founder, Digital Equipment Corporation
Provident Institution for Savings in the Town of Boston, Trustee and Member of
Board of Investment
South End Community Development, Inc., Vice-President
There were very interesting differences between the two groups.
Douglas A. Thom Clinic, Member of the Corporation
First, the Philadelphians were richer: whereas Dorrance, the two Haas
Thompson Academy, Member of Advisory Board
brothers, Annenberg, and McNeil each had personal fortunes of over $200 mil-
Trustees of Donations to the Protestant Episcopal Church, Trustee
lion, only one Bostonian, Edwin Land, likely reached this level. (Of course, the
Trustees of the Sears and Other Funds, Treasurer
United Community Services, Member of the Corporation
Dorrance, Rosenwald, and Pew families are among the richest in the land.)
United South End Settlements, Member of the Corporation
Second, the Philadelphia group included far more persons of inherited
WGBH Educational Foundation, Treasurer
wealth (nine out of ten) than did the Boston list (five out of nine). John F. Con-
Wheelock College, Chairman of Board of Trustees
nelly was the only genuinely self-made man in the Philadelphia group; he was
World Affairs Council, Director
born in a poor but proud Irish neighborhood and had to drop out of school in
Yale-New Haven Educational Corporation, Director
the eighth grade in order to support his widowed mother. Henry S. McNeil in-
As might be expected, no contemporary Philadelphians, regardless of class
herited the family pharmaceutical business but built his large fortune mainly
background, possess John Lowell's energy and sense of duty toward the com-
himself. Similarly, Walter Annenberg inherited a fortune from his rather noto-
rious father, but multiplied it many times over through his own enterprising
munity.
ability. Of the Boston group, Maurice Gordon seems to have been the only en-
tirely self-made man. Serge Semenke's parents were refugees from the Russian
Further insight into the contrasting money mores of Boston and Philadel-
Revolution but were able to provide him with a college education; yet, he was
phia is supplied by articles on local millionaires published in Philadelphia maga-
largely a self-made banker as far as Boston was concerned. Land and Olson
zine and in its Boston counterpart called Boston. Measuring someone's wealth is
built their own extremely successful companies, though both were of educated
a tricky business at best, but Philadelphia listed the ten richest Philadelphians in
backgrounds. Although he inherited a successful family business, Sidney Rabb
descending order as follows:
built Stop & Shop and his own great fortune himself. Charles Francis Adams,
whose family had been more engaged in making history than in making
John T. Dorrance, Jr.
Chairman, Campbell Soup
John C. Haas
Vice-President, Rohm & Haas
money, nevertheless inherited a small fortune; still, he largely built his own
F. Otto Haas
Chairman, Rohm & Haas
while for the most part living on his salary from Raytheon.
Walter Annenberg
Publisher; former U.S. ambassador to
Third, the Bostonians were a better educated group than the Philadelphians.
Great Britain
Of the ten Philadelphians, only five graduated from college-Dorrance from
Henry S. McNeil
Built McNeil Laboratories; now largest
Princeton, the Haas brothers from Amherst, Pew from MIT, and McNeil from
single stockholder in Johnson & John-
son, outside Johnson Foundation
Yale; although Land left Harvard after his freshman year to pursue his own in-
Fitz Eugene Dixon, Jr.
Sportsman heir of P. A. B. Widener and
tellectual interests, six of the Bostonians graduated from Harvard and one from
William L. Elkins, traction magnates
MIT. None of the Philadelphians graduated from the University of Pennsylva-
John F. Connelly
Runs Crown Cork & Seal and
nia; although Annenberg went to the Wharton School of Finance and Com-
Connelly Containers
merce he did not take a degree.
Lessing Rosenwald
Sears Roebuck heir, retired
Walter C. Pew
Sun Oil
Finally, the tone of Philadelphia and Boston is suggested by comparing the
Ella Widener Wetherill
Sportswoman and socialite6
richest men from both cities. John T. Dorrance, Jr. inherited a great fortune
from his father (some $20,000 a month at the age of eleven). Edwin Land built
The Boston article listed nine millionaires, in most cases making no estimate of
his own fortune.
their total fortunes or listing them in any order of wealth.
This rundown suggests that Boston is a far more enterprising city than Phila-
delphia; it is also a city in which inherited wealth lasts longer. Thus, none of
Edward Kennedy
U.S. senator
the heirs in the Philadelphia group came from the sample of fifty First Families.
Sidney Rabb
Builder of Stop & Shop chain
Dorrance, the Haas brother, Annenberg, Rosenwald, and McNeil were all men
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THE NATIONAL EXPERIENCE: COMPARATIVE INSTITUTIONS
Wealth: The Fertilizer of Family Trees
213
founder, Joseph Newton Pew. Fitz Eugene Dixon, Jr., was the grandson of two
Widener, Wood, Rosengarten, Lennig, Scott, Wanamaker, Cassatt, Converse,
of Philadelphia's most fabulous traction kings at the turn of the century, P. A.
Baird, Berwind, Dolan, and Pew-are prominent in contemporary Social Regis-
Widener and William Lukens Elkins. Ella Widener Wetherill, the youngest of
ters in the city, only Enoch W. Clark and Edward Bok had heirs of contempo-
the Philadelphia group and probably the wealthiest woman in the city, was
a
rary distinction: Joseph Sill Clark, reforming mayor and U.S. senator after
great-granddaughter of P. A. B. Widener.
World War II, and Derek Bok, present president of Harvard.
The men of inherited wealth in Boston were a very different breed from their
Philadelphia peers. The Kennedys were Boston's first Irish Brahmins and are
the most famous First Family in America today. It is significant that Senator
FIRST FAMILY MONEY-MAKERS IN
Kennedy was the only multimillionaire in the two samples to attain national
BOSTON AND PHILADELPHIA
elective office, although Walter Annenberg, like the senator's father, was am-
bassador to the Court of St. James. Of most significance here, however, is the
The men in the First Families samples who were primarily money-makers are
fact that three Boston men-a third of the sample-were from families of eight
listed in Table A-16. Note that a higher proportion of the Philadelphia sample
or nine generations of wealth and civic pride. The Adamses are, of course,
was engaged in moneymaking (40 of 146, or 27 percent of the Philadelphians, as
America's all-time First Family. Money came into the family initially when
against 31 of 187, or 17 percent of the Bostonians). The thirty-one Boston
Charles Francis Adams I married the daughter of one of the last merchant
money-makers, moreover, formed a much more cohesive group than the forty
princes, Peter Chardon Brooks. The Cabots, Proper Boston's biggest clan, have
Philadelphians. They came from only sixteen families, all but one-the Ameses
been better known for marrying and making money than for producing states-
of North Easton, who have always stood somewhat apart-interrelated
men or intellectuals: they began their way to real wealth in 1812, when Samuel
through business and marriage. The histories of their fortunes (in shipping, in
Cabot married the daughter of Boston's greatest merchant prince, Thomas
textiles and a few other manufacturing enterprises, in banking and land specu-
Handasyd Perkins. Yet Louis W. Cabot, chairman of the Cabot Corporation,
lation, and in railroads) thus reveal a clear-cut pattern of continuous economic
founded by his grandfather Godfrey Lowell Cabot, had a brilliant record at
growth. The Philadelphia group of money-makers was larger and far less coher-
Harvard, magna cum laude at the college and cum laude at the business school.
ent: the forty Philadelphians came from twenty-five families, or exactly half of
Peabodys and Gardners have intermarried down through the years. The inher-
the Philadelphia First Families sample. Except in the early years, moreover,
ited wealth of George Peabody Gardner, Jr., president and director of Paine,
when Shippens, Norrises, Pembertons, Biddles, and Cadwaladers typically in-
Webber, Jackson & Curtis, derives from an ancestor, Lowell Gardner, one of
termarried, there was less endogamy (especially cousin marriages) than in Bos-
the last East Indian merchants, who left some $5 million when he died in 1884.
ton, at least among the families that produced DAB subjects.
(The family also invested in the Calumet and Hecla mines which we shall dis-
This finding leads to another vital difference between the samples: the DAB
cuss below.)
biographies of the Bostonians, by and large, were complete and to the point;
To repeat, if upper-class Philadelphia is richer (there is no exact way of
those of the Philadelphians, especially the money-makers, were far less com-
knowing) than upper-class Boston, there is more continuity in family fortunes
plete and often obscure on important points. Most of the very brief biographies
in the latter city. Even more important, the wealth of upper-class Philadelphia
of the seventeenth- and eighteenth-century Quaker merchants, for example,
has been augmented in every generation by new men who single-mindedly built
said no more about the subject's business career than that he was a "prosperous
up huge fortunes but rarely produced descendants of distinction. In Boston,
merchant" before going on to tell of his religious interests in, or disaffection
however, new men of wealth have been more likely to produce families of ac-
from, the Society of Friends and of the offices he may have held in local govern-
complishment, such as Cabots, Lowells, Peabodys, Phillipses, Lawrences, and
ment. The biography of Francis Rawle (some 600 words) is typical: it tells us
Forbeses. An understanding of upper-class wealth in Philadelphia, then, must
that Rawle and his father were imprisoned in the notorious Exeter jail in Dev-
include such men as I have listed in Table A-15.* Although these individuals
onshire (where, as we have seen, Fox and Naylor spent some time); that they
made far larger fortunes than all but a few of the money-makers in the Philadel-
came to Pennsylvania after receiving a grant of 2,500 acres from Penn; that
phia First Families sample, they were largely auslanders and cut-flowers. Of the
Rawle was a leader in the antiproprietary party and held a few minor offices in
thirty men listed, for instance, only six-William Bingham, E. T. Stotesbury,
the city's government; and that he was a merchant (but nothing is said about
Peter A. B. Widener, E. J. Berwind, Charles Lennig, and Joseph Harrison, Jr.-
where, how, or with whom he traded). In the biography, the phrases "it is said"
were native Philadelphians; only David Jayne and Widener had descendants
and "it is believed to be" are each used once, and "probably" is used several
with those surnames in the DAB. Although fifteen surnames-Clark, Elkins,
times. Thus, at the end of the biography, its author writes, "Rawle is said to
have been the first person in America to write on political economy." He then
All tables cited in this chapter are presented in Appendix I.
lists only two pamphlets, one entitled "Ways and Means for the Inhabitants of
218
THE NATIONAL EXPERIENCE: COMPARATIVE INSTITUTIONS
Wealth: The Fertilizer of Family Trees
219
was sent up the Columbia River to take possession of the Oregon Territory in
Salem merchants usually sailed east, around the Cape of Good Hope, to vari-
1817; his final accomplishment, in 1846, was to negotiate the first treaty be-
ous ports in the East Indies. The Derby wharf, stretching out into Salem har-
tween the United States and China. James's most famous brother, the banker
bor from the foot of Derby Street, was the center of the seafaring life in the
Nicholas, is discussed subsequently.
town. Elias Hasket Derby ("King Derby," as he was called) was the town's lead-
The first moneymakers in the Boston sample were John Phillips (1719-1795)
ing East India merchant of his day. He left $1.5 million to his son when he died
and his two nephews, William (1750-1825) and Samuel Phillips (1752-1802).
in 1799.*
John made his fortune in real estate speculation and moneylending at high in-
The ethics of the quarterdeck were, as we have noted, important in molding
terest. Samuel made a fortune manufacturing gunpowder and supplying the
the New England character. "The sea was no wet-nurse to democracy," wrote
Revolutionary Army; he also served on the bench and in government but is
Morison. "Authority and privilege are her twin foster-children. Instant and un-
best remembered as the founder of the first endowed academy in New England,
questioning obedience to the master is the rule of the sea; and your typical sea-
the Phillips Academy, at Andover. Samuel was a friend of George Washington,
captain would make it the rule of the land if he could. "15 And the social struc-
who visited him at Andover in 1789 and who sent one nephew and eight
ture of Elias Derby's Salem did pretty much mirror the authoritarian mores of
grand-nephews to Phillips Academy. Soon after the founding of Andover
the sea. But the men who manned the ships of Salem were no seagoing prole-
Academy, Samuel's uncle John founded a similar school at Exeter, New Hamp-
tariat; there was endless opportunity to rise from the deck to command and
shire. And thus began a Boston tradition that combined moneymaking with
even ownership. A small Salem brigantine, for instance, once sailed with thir-
public service and educational philanthropy. William Phillips, nephew of John
teen men aboard, all of whom eventually became masters of their own vessels.
and cousin of Samuel, was one of the leading philanthropists and the leading
Indeed, many a Boston First Family fortune began with young men who first
commercial banker in his generation in Boston. A staunch Federalist, he was
went to sea on Elias Derby's ships. One of the more famous was the Astrea,
also elected, along with Governor Strong, for eleven successive terms as lieuten-
which set sail for China in 1789, carrying young Thomas Handasyd Perkins,
ant governor of the state. His political career came to an end in 1823, after a
who was to become Boston's foremost merchant prince.
term in the Massachusetts Senate. William Phillips was president of the board
Thomas Handasyd Perkins's contemporary and friend Peter Chardon
at Andover Academy, the sixth in his family to hold this position, and contrib-
Brooks, son of the Reverend Edward Brooks (Harvard, class of 1757), set him-
uted liberally to the school all his life. When he died, he left money to both the
self up as an insurance broker in the Bunch of Grapes Tavern soon after his
Andover Academy and the Andover Theological Seminary, in addition to sev-
father's death in 1781 which left the family almost destitute. By underwriting
eral other institutions largely having to do with the church.
vessels and making judicious investments in the East Indian trade, Brooks was
Perhaps the most romantic family fortunes in Boston were made by men
SO successful that he retired in 1803, at the age of thirty-six, with a comfortable
who built ships and sent them out to sea, as Morison showed us in his beautiful
fortune. He was perhaps helped on his way to wealth by his marriage to the
book on The Maritime History of Massachusetts: "The American Revolution in
daughter of wealthy Nathaniel Gorham, one of the four Massachuetts dele-
eastern Massachusetts was financed and in part led by wealthy merchants like
gates to the Constitutional Convention in Philadelphia. Brooks, who had thir-
John Hancock, Josiah Quincy, James Bowdoin, Richard Derby, and Elbridge
teen children with Nancy Gorham, put his wealth to good use in various phi-
Gerry."14 And it was men like these, many of whom came to Boston from Sa-
lanthropies and in promoting the political ambitions of two sons-in-law, Ed-
lem, whose wealth watered the First Family trees.
ward Everett and Charles Francis Adams.
Salem, in 1790 the sixth largest town in the United States and the first in per
Joseph Peabody of Salem founded one of America's greatest families. A suc-
capita wealth, was Boston's greatest rival in the contest for Oriental wealth. It
cessful privateer during the Revolution, Peabody was the town's leading mer-
was also the most Puritan city in Federalist New England. Stephen Higginson
chant in the 1830s. And he and his fellow Salem merchants often banked their
was of the sixth generation of his family in Salem. The first two generations
money with his cousin George Peabody, an Essex County lad who made a for-
were Cambridge graduates and clergymen harried out of England by Bishop
tune in Baltimore before setting up his famous banking house in London. A
Laud's reactionary reforms. The next four generations produced sea captains
bachelor, George Peabody left most of his wealth-more than $8 million-to
and merchants. Stephen, whose father had married a Cabot, was a very suc-
museums and other institutions that now bear his name; his partner and suc-
cessful merchant and a staunch Federalist, like his cousin and friend George
Cabot (the so-called Federalist sage of Boston); he also was a member of the
Continental Congress and took an active part in the military expedition to put
*Although the Derbys were not included in the First Families sample, a Hasket Derby was listed in
down Shays' Rebellion in Hampshire County.
the 1940 Boston Social Register.
Whereas Boston dominated the Oriental trade that sailed west around the
Nancy Gorham's sister married John Phillips and was the grandmother of the Reverend Phillips
Brooks. Peter Chardon Brooks's brother, Cotton Brown Brooks, was the great preacher's other
Horn, up along the northwest coast, thence to Canton, and back to Boston,
grandfather.
220
THE NATIONAL EXPERIENCE: COMPARATIVE INSTITUTIONS
Wealth: The Fertilizer of Family Trees
221
cessor in London, Junius Spencer Morgan, left a son, J. P. Morgan, who was,
Waltham. Lowell, with the aid of a mechanical genius named Paul Moody, was
among other things, a member of the first board of trustees at Endicott Pea-
the brains behind the Boston Manufacturing Company at Waltham, believed
body's school at Groton.
to be the first mill in the world to combine all the operations of converting raw
When Joseph Peabody died in 1844, Salem's great days were over. Two years
cotton into finished cloth. Only a few years after the mill's founding, Lowell
previously, Nathaniel Hawthorne had married Sophia Peabody and in 1851
died, at the age of forty-two. His money went into the founding of Proper Bos-
published The House of Seven Gables, which nicely reflects Salem's decline into
ton's famous Lowell Institute, which has supported adult education down
shabby gentility.
through the years and was one of the original sponsors of Boston's educational
television station, WGBH.
Patrick Tracy Jackson carried on after his partner's death and founded the
Merrimac Manufacturing Company in what is now the city of Lowell. Thus,
TEXTILE MANUFACTURING
the Manchester of America came into being. Jackson soon found that canal
and turnpike transportation was becoming inadequate and he directed the
In both England and this country, the textile industry was closely associated
building of the Boston & Lowell Railroad. The technical know-how for this
with the industrial revolution. But whereas Brahmin Boston was intimately in-
venture was supplied by a young engineer named Charles Storer Storrow, who
volved in the rise of the textile industry in New England, Proper Philadelphia,
graduated first in his class from Harvard and then took a degree in Paris at the
with the exception of Tench Cove, seems to have played no major role in tex-
Ecole Nationale des Ponts et Chaussées.
tile manufacturing, even though our foremost contemporary business histo-
Charles Storrow was descended from a British prisoner-of-war, Captain
rian, Thomas Cochran, noted that by 1900 "Pennsylvania would become the
Thomas Storrow, who married into Boston Society in 1777. His mother mar-
leading textile state. Leadership in the Philadelphia textile industry, then,
ried an Appleton and Storrow consolidated his social position by marrying
came largely from new men, often auslanders and cut-flowers, who were not
into the Jackson family; his wife, Lydia Cabot Jackson, was Patrick Tracy Jack-
First Family progenitors.
son's niece.
Soon after moving to Boston in 1816, Daniel Webster became the champion
William, Amos, and Abbott Lawrence came from one of the leading farming
of the local shipping interests. He was first elected to Congress as a Federalist
families in Groton, Massachusetts. Their father, Samuel, fought at Bunker Hill,
advocate of free trade, but he soon developed close associations with the Law-
rising to the rank of major during the war, and then settled down in Groton as
rences, Lowells, and other mill owners. By the time Webster was elected to the
a farmer for the rest of his life. The brothers moved to Boston and made
Senate in 1827, he was an aggressive champion of protectionism, and the lead-
money in the importing business. They soon became associated with the Lowell
ing Whig in Massachusetts.
mills, also acting as their sales agents. Eventually, in 1845, Abbott Lawrence
Within the Boston sample of fifty families, Henry Lee (1782-1867), a contem-
took the lead in founding the city of Lawrence, where the family textile mills
porary of Daniel Webster, had been an articulate and thoughtful champion of
soon began to rival those at Lowell, which had been built much earlier. Charles
federalism and free trade, as well as a leading East India merchant. A year after
Storrow helped the Lawrences in building both their mills and their town, be-
Webster was sent to the Senate, Lee lost his congressional seat from Boston
coming the first mayor when Lawrence, Massachusetts, was incorporated as a
to Nathan Appleton, a family founder who built a fortune in textiles. This
city in 1853.
marked the end of federalism and the rise of the manufacturing Whigs to power
The Lawrences were benefactors of many Massachusetts institutions, includ-
in the 1830s.
ing the Lawrence Scientific School at Harvard. Amos Abbott Lawrence, Amos
Such pioneers in the Boston area textile industry, as Francis Cabot Lowell,
Lawrence's son, led Proper Boston's best back into the Anglican communion
Patrick Tracy Jackson, Charles S. Storrow, and the Appleton and Lawrence
after the Civil War. His son William became a bishop, founder of a dynasty of
brothers made major contributions to Brahmin Boston's wealth and later ac-
bishops, and a veritable Boston institution.
complishments in the arts and the professions.
Nathan Appleton and his brother, Samuel, moved to Boston from their na-
The Lowells first became really rich in textiles. Francis Cabot Lowell grad-
tive New Hampshire and became very successful shopkeepers. In 1813 they
uated from Harvard in 1793 and became a successful merchant in partnership
invested $5,000 in the new Lowell mill at Waltham; two years later their firm
with his uncle William Cabot. Though he resigned in 1810, when ill health re-
became sales agents for the Lowells. They both made fortunes and built them-
quired him to take a rest abroad, he used the occasion to make a close study of
selves mansions on Beacon Street. Nathan had five children: one son, Thomas
textile machinery in Lancashire. Upon Lowell's return to America in 1812, he
interested his brother-in-law Patrick Tracy Jackson, who had accumulated
*The Lawrences were always strong supporters of Groton Academy (which became Lawrence
some money in the East India trade, in building a mill on the Charles River at
Academy in 1846, after being handsomely endowed by William and Amos.)
222
THE NATIONAL EXPERIENCE: COMPARATIVE INSTITUTIONS
Gold Appleton, was an occasional essayist, member of the Saturday Club, and
one of the best talkers and dinner companions in Boston Society. A grandson
was also listed in the DAB, presumably for his work as founder and supporter
of the Society for the Preservation of New England Antiquities. Nathan's
wealth, through his daughter, helped one of America's most popular poets,
Henry, Wadsworth Longfellow, live in the grand style on Brattle Street in Cam-
bridge. Samuel Appleton, who was childless, left a large fortune to the Ameri-
can Academy of Arts and Sciences, the Boston Athenaeum, the Massachusetts
Historical Society, and Dartmouth, Amherst, and Harvard.
Whereas Francis Cabot Lowell and Patrick Tracy Jackson did not establish
their first mill until after the War of 1812, as early as 1775 Tench Coxe, nation-
alist, economist, publicist, and friend of Alexander Hamilton, was busily en-
gaged in promoting cotton manufacturing in Philadelphia. Under his leader-
ship, the United Company of Philadelphia for Promoting Manufactures was
founded in that year, with Dr. Benjamin Rush as president. This is said to have
been the first joint stock company for the manufacture of cotton in America.
The industry grew slowly in Philadelphia until 1810, when a young Quaker
named Alfred Jenks, who had studied under Samuel Slater in Providence,
Rhode Island, established the first regular factory of cotton machinery. By the
Civil War, Philadelphia was a thriving textile center. No members of the fifty
First Families sample, however, seem to have been industry leaders. Chief
among the latter group were John B. Elison, who in 1823 established what be-
came John B. Elison & Sons; Samuel Riddle, who founded the Glen Riddle
Mills in 1842; and John Bromley, who built one of the great textile fortunes in
the city. Two English brothers founded the J. and J. Dobson Company in 1855,
and Thomas Dolan founded Thomas Dolan & Company, in 1861, which be-
came the Keystone Knitting Mills, the largest in the nation in its day.
Although they did not take the lead themselves, a great deal of textile wealth
filtered into Philadelphia Society. Jenks, Bromley, Riddle, Dobson, and Dolan
surnames, moreover, were prominent in the city's twentieth-century Social Reg.
isters. But they were not names associated with education, the arts, or the pro-
fessions; nor were they First Family names in any sense of the term. Leadership
in the Philadelphia textile industry was indeed atomized as compared to its Bos-
ton counterpart.
THE PHILADELPHIA-WILMINGTON AREA:
CHEMICAL CAPITAL OF THE NATION
Solid First Family wealth in Boston came from textiles; Philadelphia First
Families such as the Wetherills and the Harrisons made their money in the
chemical industry.
Samuel Wetherill (1736-1816) came of a long line of leading Quakers who
had originally settled in Burlington, New Jersey, in the seventeenth century. He
himself was a Quaker minister until the Revolution, when he took the oath of
A Historical Overview of
Family Firms in the United States
Peter Dobkin Hall
How do dynastic families adopt to social and economic forces
restricting attempts to transmit family wealth from one gener-
ation to the next?
Writing in the 1850s, the physician and novelist Oliver Wendell Holmes
summed up the problems faced by Americans who hoped to pass their
firms and fortunes intact to their children and grandchildren: "It is in
the nature of large fortunes to diminish rapidly, when subdivided and
distributed. A million is the unit of wealth, now and here in America. It
splits into four handsome properties; each of these into four good inher-
itances; these, again, into scanty competences for four ancient maidens,-
with whom it is best that the family should die out, unless it can begin
again as its great-grandfather did. Now a million is a kind of golden
cheese, which represents in a compendious form the summer's growth of
Golden
a fat meadow of craft or commerce; and as this kind of meadow rarely
these
bears more than one crop, it is pretty certain that sons and grandsons
will not get another golden cheese out of it, whether they milk the same
COWS or turn in new ones. In other words, the millioncracy, considered in
a large way, is not at all an affair of persons and families, but a perpetual
fact of money with a variable human element" (Holmes, 1961 [1860],
pp. 15-16)
Holmes knew what he was talking about, for he was heir to two
venerable family dynasties. His mother's family, the Wendells of Ports-
mouth, New Hampshire, had reaped the "fat meadow of craft and com-
merce" of the eighteenth-century West Indies trade. His father's family
belonged to New England Brahmin caste of clergymen and scholars.
Combining these two dynastic strands in a secular and industrial
age, Holmes practiced medicine, taught at Harvard, and wrote for his
own amusement. As a healer, he ministered to the bodies and minds of
Boston's elite, who were struggling to run, pass on, and inherit family
firms and fortunes. He distilled their experiences and distinctive outlook
FAMILY BUSINESS REVIEW, VOL. I, NO. 1, SPRING 1988
Pp. 1-68.
Gustavus Myers, American Fortunes, vol I, part 1, ch 4
Page 1 of 5
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HISTORY OF THE GREAT AMERICAN FORTUNES
CHAPTER IV
THE SHIPPING FORTUNES
Thus is was that at the time of the Revolution many of the consequential
fortunes were those of shipowners and were principally concentrated in New
England. Some of these dealt in merchandise only, while others made large
sums of money by exporting fish, tobacco, corn, rice and timber and lading their
ships on the return with negro slaves, for which they found a responsive market
in the South. Many of the members of the Continental Congress were ship
merchants, or inherited their fortunes from rich shippers, as, for instance,
Samuel Adams, Robert Morris, Henry Laurens of Charleston, S.C., John
Hancock, whose fortune of $350,000 came from his uncle Thomas, Francis
Lewis of New York and Joseph Hewes of North Carolina. Others were members
of various Constitutional conventions or became high officials in the Federal or
State governments. The Revolution disrupted and almost destroyed the colonial
shipping, and trade remained stagnant.
FORTUNES FROM PRIVATEERING.
Not wholly so, for the hazardous venture of privateering offered great
returns. George Cabot of Boston was the son of an opulent shipowner. During
the Revolution, George, with his brother swept the coast with twenty privateers
carrying from sixteen to twenty guns each. For four or five years their booty was
rich and heavy, but toward the end of the war, British gun-boats swooped on
most of their craft and the brothers lost heavily. George subsequently became a
United States Senator. Israel Thorndike, who began life as a cooper's
apprentice, and died in 1832 at the age of 75, leaving a fortune, " the greatest
that has ever been left in New England," made large sums of money as part
owner and commander of a privateer which made many successful cruises.
With this money he went into fisheries, foreign commerce and real estate, and
later into manufacturing establishments. One of the towering rich men of the
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day, we are told that " his investments in real estate, shipping or factories were
wonderfully judicious and hundreds watched his movements, believing his
pathway was safe." The fortune he bequeathed was ranked as immense. To
each of his three sons he left about $500,000 each, and other sums to another
son, and to his widow and daughters. In all, the legacies to the surviving
members of his family amounted to about $1,800,000.2
Another " distinguished merchant," as he was styled, to take up
privateering was Nathaniel Tracy, the son of a Newburyport merchant. College
bred, as were most of the sons of rich merchants, he started out at the age of 25
with a number of privateers, and for many years returned flushed with prizes.
To quote his appreciative biographer : " He lived in a most magnificent style,
having several country seats or large farms with elegant summer houses and
fine fish ponds, and all those matters of convenience or taste that a British
nobleman might think necessary to his rank and happiness. His horses were of
the choicest kind and his coaches of the most splendid make." But alas! this
gorgeous career was abruptly dispelled when unfeeling British frigates and
gunboats hooked in his saucy privateers and Tracy stood quite ruined.
Much more fortunate was Joseph Peabody. As a young man Peabody
enlisted as an officer on Derby's privateer " Bunker Hill." His second cruise was
on Cabot's privateer " Pilgrim " which captured a richly cargoed British
merchantman. Returning to shore he studied for an education, later resuming
the privateer deck. Some of his exploits, as narrated by George Atkinson Ward
in " Hunt's Lives of American Merchants," published in 1856, were thrilling
enough to have found a deserved place in a gory novel. With the money made as
his share of the various prizes, he bought a vessel which he commanded himself,
and he personally made sundry voyages to Europe and the West Indies. By
1791 he had amassed a large fortune. There was no further need of his going to
sea ; he was now a great merchant and could pay others to take charge of his
ships. These increased to such an extent that he built in Salem and owned
eighty-three ships which he freighted and dispatched to every known part of the
world. Seven thousand seamen were in his employ. His vessels were known in
Calcutta, Canton, Sumatra, St. Petersburg and dozens of other ports. They
came back with cargoes which were distributed by coasting vessels among the
various American ports. It was with wonderment that his contemporaries spoke
of his paying an aggregate of about $200,000 in State, county and city taxes in
Salem, where he lived. 3 He died on Jan. 5, 1844, aged 84 years.
Asa Clapp, who at his death in 1848, at the age of 85 years, was credited
with
being the richest man in Maine, 4 began his career during the Revolution as
an officer on a privateer. After the war he commanded various trading vessels,
and in 1796 established a shipping business of his own, with headquarters at
Portland. His vessels traded with Europe, the East and West Indies and South
America. In his later years he went into banking. Of the size of his fortune we
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are left in ignorance.
A GLANCE AT OTHER SHIPPING FORTUNES.
These are instances of rich men whose original capital came from
privateering, which was recognized as a legitimate method of reprisal. As to the
inception of the fortunes of other prominent capitalists of the period, few details
are extant in the cases of most of them. Of the antecedents and life of Thomas
Russell, a Boston shipper, who died in 1796, " supposedly leaving the largest
amount of property which up to that time had been accumulated in New
England," little is known. The extent of his fortune cannot be learned. Russell
was one of the first, after the Revolution, to engage in trade with Russia, and
drove many a hard bargain. He built a stately mansion in Charleston and daily
traveled to Boston in a coach drawn by four black horses. In business he was
inflexible ; trade considerations aside he was an alms-giver. Of Cyrus Butler,
another shipowner and trader, who, according to one authority, was probably
the richest man in New England 5 - and who, according to the statement of
another publication6 - left a fortune estimated at from three to four millions of
dollars, few details likewise are known. He was the son of Samuel Butler, a
shoemaker who removed froth Edgartown, Mass., to Providence about 1750 and
became a merchant and shipowner. Cyrus followed in his steps. When this
millionaire
died at the age of 82 in 1849, the size of his fortune excited
wonderment throughout New England. It may be here noted as a fact worthy of
comment that of the group of hale rich shipowners there were few who did not
live to be octegenarians.
The rapidity with which large fortunes were made was not a riddle. Labor
was cheap and unorganized, and the profits of trade were enormous. According
to Weeden the customary profits at the close of the eighteenth century on
muslins and calicoes were one hundred per cent. Cargoes of coffee sometimes
yielded three or four times that amount. Weeden instances one shipment of
plain glass tumblers costing less than $1,000 which sold for $12,000 in the Isle
of France.7
The prospects of a dazzling fortune, speedily reaped, instigated owners of
capital to take the most perilous chances Decayed ships, superficially patched
up, were often sent out on the chance that luck and skill would get them
through the voyage and yield fortunes. Crew after crew was sacrificed to this
frenzied rush for money but nothing was thought of it. Again, there were
examples of almost incredible temerity. In his biography of Peter Charndon
Brooks, one of the principal merchants of the day, and his father-in-law, Edward
Everett tells of a ship sailing from Calcutta to Boston with a youth of nineteen in
command. Why or how this boy was placed in charge is not explained. This
juvenile captain had nothing in the way of a chart on board except a small map
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of the world in Guthrie's Geography. He made the trip successfully. Later,
when he became a rich Boston banker, the tale of this feat was one of the proud
annals of his life and, if true, deservedly so. 8
Whitney's notable invention of the cotton gin in 1793 had given a
stupendous impetus to cotton growing in the Southern States. As the
shipowners were chiefly centered in New England the export of this staple vastly
increased their trade and fortunes. It might be thought, parenthetically, that
Whitney himself should have made a surpassing fortune from an invention
which brought millions of dollars to planters and traders. But his inventive
ability and perseverance, at least in his creation of the cotton gin, brought him
little more than a multitude of infringements upon his patent, refusals to pay
him, and vexatious and expensive litigation to sustain his rights. In despair, he
turned, in 1808, to the manufacture in New Haven of fire-arms for the
Government, and from this business managed to get a fortune. From the
Canton and Calcutta trade Thomas Handasyd Perkins, a Boston shipper
extracted a fortune of $2,000,000. His ships made thirty voyages around the
world. This merchant peer lived to the venerable age of 90 when he passed
away in 1854 his fortune, although intact, had shrunken to modest proportions
compared with a few others which had sprung up. James Lloyd, a partner of
Perkins', likewise profited ; in 1808 he was elected a United States Senator and
later reälected.
William Gray
described as "one of the most successful of American
merchants," and as one who was considered and taxed in Salem "as one of the
wealthiest men in the place, where there were several of the largest fortunes that
could be found in the United States," owned, in his heyday more than sixty sail
of vessels. Some scant details are obtainable as to the career and personality of
this moneyed colossus of his day. He began as an apprenticed mechanic. For
more than fifty years he rose at dawn and was shaved and dressed. His letters
and papers were then spread before him and the day's business was begun. At
his death in 1825 no inventory of his estate was taken. The present millions of
the Brown fortune of Rhode Island came largely from the trading activities of
Nicholas Brown and the accretions of which increased population and values
have brought. Nicholas Brown was born in Providence in 1760, of a well-to-do
father. He went to Rhode Island College (later named in his honor by reason of
his gifts) and greatly increased his fortune in the shipping trade.
It is quite needless, however, to give further instances in support of the
statement that nearly all the large active fortunes of the latter part of the
eighteenth and the early period of the nineteenth century, came from the
shipping trade and were mainly concentrated in New England. The proceeds of
these fortunes frequently were put into factories, canals, turnpikes and later into
railroads, telegraph lines and express companies. Seldom, however, has the
money thus employed really gone to the descendants of the men who amassed
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it, but has since passed over to men who by superior cunning, have contrived to
get the wealth into their own hands. This statement is an anticipation of facts
that will be more cognate in subsequent chapters, but may be appropriately
referred to here. There were some exceptions to the general condition of the
large fortunes from shipping being compactly held in New England. Thomas
Pym Cope, a Philadelphia Quaker, did a brisk shipping trade, and founded the
first regular line of packets between Philadelphia and Baltimore ; with the
money thus made he went into canal and railroad enterprises. And in New York
and other ports there were a number of shippers who made fortunes of several
millions each.
THE WORKERS' MEAGER SHARE.
Obviously these millionaires created nothing except the enterprise of
distributing products made by the toil and skill of millions of workers the world
over. But while the workers made these products their sole share was meager
wages, barely sufficient to sustain the ordinary demands of life. Moreover, the
workers of one country were compelled to pay exorbitant prices for the goods
turned out by the workers of other countries. The shippers who stood as
middlemen between the workers of the different countries reaped the great
rewards. Nevertheless, it should not be overlooked that the shippers played
their distinct and useful part in their time and age, the spirit of which was
intensely ultra-competitive and individualistic in the most sordid sense.
1 "Hunt's Merchant's Magazine," II:516-517.
2 Allen's "Biographical Dictionary," Edition of 1857:791.
3 Hunt's "Lives of American Merchants": 382.
4 Allen's "Biographical Dictionary," Edit. of 1857:227.
5 Stryker's "American Register" for 1849:241.
6 " The American Almanac " for 1850: 324.
7
"An Economic and Social History of New England," II:825.
8
Hunt's " Lives of American Merchants " : 139.
9 Life of Eli Whitney, "Our Great Benefactors " : 567.
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OXFORD JOURNALS
OXFORD UNIVERSITY PRESS
Did Fortunes Rise and Fall Mercurially in Antebellum America? The Tale of Two Cities:
Boston and New York
Author(s): Edward Pessen
Source: Journal of Social History, Vol. 4, No. 4 (Summer, 1971), pp. 339-357
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/3786475
Accessed: 14-11-2017 14:43 UTC
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Building Boston's Back Bay:
Marriage of Money and Hygiene
Allan S. Galper
The filling of the Back Bay in Boston was perhaps the
greatest achievement in American city planning in the nineteenth
century.¹ The residential area created by this ambitious urban
design project boasts the most complete display of American
architecture from the second half of the nineteenth century that
still stands today. 2 Much can be learned not only from the
district's architecture but from the way in which the waters of the
Back Bay were transformed into lots of solid land suitable for
houses. Despite some setbacks, this process was a paradigm of
joint civic effort on the parts of the state, the city, and private
interests. Although the unifying factor may have been
maximization of financial profits, a sincere desire to improve the
physical and intellectual health of the city brought these disparate
interests together as well. These motives dictated a very specific
type of plan, which was accompanied by a particular form of
1. Bainbridge Bunting, Houses of Boston's Back Bay: An Architectural History,
1840-1917 (Cambridge, 1967), p. 2; Bainbridge Bunting, "The Plan of the Back
Bay Area in Boston," Journal of the Society of Architectural Historians, XIII
(1954): 19-24; Lewis Mumford, Back Bay Boston: The City as a Work of Art
(Boston, 1969), pp. 18-35.
2. Walter Muir Whitehill, Boston: A Topographical History (Cambridge, 1968), p.
235.
- 61
Westfield
Historical Journal of Massachusetts
founded 1855
Allan Gapler, "Building Boston's Back Bay: Marriage of Money and Hygiene" Historical
Journal of Massachusetts Volume 23, No. 1 (Winter 1995).
Published by: Institute for Massachusetts Studies and Westfield State University
You may use content in this archive for your personal, non-commercial use. Please contact
the Historical Journal of Massachusetts regarding any further use of this work:
masshistoryjournal@westfield.ma.edu
Funding for digitization of issues was provided through a generous grant from MassHumanities.
massHUMANITIES
Some digitized versions of the articles have been reformatted from their original, published
appearance. When citing, please give the original print source (volume/number/ date) but
add "retrieved from HJM's online archive at http://www.westfield.ma.edu/mhj/."
HIM
974.461
H328
Money, Morals,
and Politics
2
MASSACHUSETTS IN THE AGE
OF THE BOSTON ASSOCIATES
William F. Hartford
2001
Northeastern University Press
BOSTON
8/25/2021
The Boston Associates - Charles River Museum
The Boston Associates
An introduction to our permanent exhibit on The Boston
Associates, founders of the site we, the Charles River
Museum of Industry & Innovation, now call our home.
THE
ROSTON
SSOCIATES
America's First Industrial Dynasty
1. Profit and Paternalism: The Boston
Associates and the Development of New
England's Textile Industry and
Ecosystem (1813-1860)
In 1934, historian Vera Shlakman coined the term
FRANCIS CABOT LOWELL
"Boston Associates." She discovered that a small group
(SILHOUETTE), PATRICK TRACY
of investors from Boston were critical to the larger
JACKSON, AND NATHAN APPLETON,
AND THE BOSTON MANUFACTURING
industrial development of New England. This group,
COMPANY
connected by social and blood ties, consolidated wealth
and dominated the American textile industry during the
first half of the nineteenth century.
This exhibit explores the technological innovations, new
business strategies, and shared ideals that
characterized the Boston Associates, beginning with
https://www.charlesrivermuseum.org/the-boston-associates
2/5
8/25/2021
The Boston Associates - Charles River Museum
Francis Cabot Lowell and the Boston Manufacturing
Company in 1813. As absentee owners, they not only
ruled the industrial life in places like Waltham, Lowell,
Lawrence, Manchester, and Saco; they also contributed
to the economic growth of these once-small villages.
Men like Patrick Tracy Jackson, Francis Cabot Lowell
and Nathan Appleton were linked together not only
because they had made it to the top of Boston's elite,
but because they wanted to make sure that industrial
growth did not run amok-that it was restrained by
traditional values of community, hard work, social
obligation, and decency.
2. The First Fully Integrated Factory, 1815
The Boston Manufacturing Company mechanized the entire process of cotton
production, from bale to bolt in one building, combining large capital resources with
key technological innovations. Travel back 200 years and encounter a world on
the
brink of fundamental change, a change from farm to factory, from home production to
mass production. The world-altering effects of the evolving Waltham-Lowell System
might be reasonably compared to the Wright brothers' breakthrough of powered
human flight nearly a century later.
3. What you will discover
The Boston Associates -
...
A challenge to conventional views of
free-market capitalism.
The Boston Associates rejected profit at
all costs and pioneered a blend of
https://www.charlesrivermuseum.org/the-boston-associates
3/5
8/25/2021
The Boston Associates - Charles River Museum
ENJOY THIS 11-MINUTE FILM INTRODUCING THE BOSTON
corporate acquisition with corporate
ASSOCIATES, CREATED BY FILMMAKER MICHAEL BAVARO
responsibility.
An integrated narrative, linking topical
panels together - on technology,
economics, politics, and culture.
Whether covering people, practices,
places, or things, a continuous thread
runs through all panels, creating a meta-
narrative for the visitor-a near-complete
overview of New England's textile
industry over a nearly 50-year period.
A Past Imperfect
A heroic tale: The Boston Associates
made it possible for this country to break
free economically from England, and in
turn, rise to prominence as a powerful
competitor with other nation states.
Heroic fallibility
Industrial growth was not unequivocally positive-many farmers and undercapitalized
merchants were displaced by this business syndicate. The Boston Associates proved
both generous and self-serving, the latter leading to some neglectful, and immoral
practices, including support of slavery. We must not only celebrate these great venture
capitalists of the past but provide a complex view of humanity and its imperfections.
f
https://www.charlesrivermuseum.org/the-boston-associates
4/5
Page lof4.
do NATIONAL
Apportant documents supporting Mr. Dorris lotter of
Londo belonging to the Lancock County Trustees
everticao to the Department of the Interior is contained 02
Paya Service Archives file #601, Part 1, Accdic
June 6, 1914 to July 14, 1925:
Colting from Frenk Bond, Chief, Clerk, General Load Office
opinion on whether the deeds submitted were in TO-
D.C., dated June 6, 1914, to the Chief Lew Clerk,
June 8, 1906, entitled "An Act for the Preservation of of
by the United States undor the provisions proper
: Lend of opinion from the Chief Law Clerk, Mr. Pugh,
Office which COVONS mony minor details.
Office to Mr. Bond, the Chief Clark of the
26, 3914. from Chiez Clark, Mr. Bond, to Mr. George B. Dorr
also steban that 17 certain minor objections are
This letter includes comments on the above
potence of the deeds under the set of 1905.
so objection will be reised by the General Lond Office over-
Cottor the from Million C. Redfield, Secretary, Department of
condicilly in compathy with hic purposes which I commend
President. dated May 2, 1916. "I know the locality
thought.
Sengthy paper upon, "The Need for Public Recervations
Cadeys Island, by George B. Door.
written with reference to conservation plans for
Procervation Depart Society, New York, concerning proposed and
2220 18th Annual Report, 1913, of the American Scenic
Divido Accordation.
Island, Maine, Submitted to the President national by the
Sectures 02 the open.
Survey dated May 2, 1916, outlining the outstanding
by David White, Chief Geologist, United States
Activel Corvert Recervation, by M. I. Ferneld, Cheirmon, Department Island
Distagont entitled, "The Importance of Mt. Deport
Groy Boverten, Eneward University, dated December 5,
University, President of the New England Botanical
I - 2
2
For promoting observational and experimental studies
native life, marine as well as lend, migratory or
Sent, cancel or insect, and publishing reports thereon.
202 the experimental introduction and trial and ON-
pleabe from other regions.
For the publication of any material, descriptive,
or Motorical that will increase the interest to
of the Acadion region, its life and landscapes, and
ocean."
Sozdens of Acadie joined together with Mr. Dorr and the
Spring Company in donoting the Sieur de Monts Spring
Another important piece of property was densted
the Wild Gardens of Acedia was the land on which the
at the headquarters area are located.
difection of a number of scientific articles concerning the
of the Park was made possible through the financial
the
wild Cardons of Acadia Corporation.
Compenation is not now active although it has not been formally
Itc lost meeting was held about five years ago when they
White lost holdings.
Constions
precticable for the purposes of this report to even try
noses of all the individuals who made donations of land for
whother directly to the Secretary of the Interior, or through
such as the Hancock County Trustees of Public Reser-
Only c. very brief account of the major donations subsequent
clement of Sieur de Monts National Monument will be made.
Peninsula. This donation has been adequately covered in
on the establishment of Acadia. This area is shown on the
graphic nep in the Appendix.
Donations. The largest single contributor, both of
has been John D. Rockefeller, Jr. His earliest done-
adde through the Liancock County Trustees of Public Recer-
the great bulk of them have come as direct gifts to the
the Interior. No HOP at present is available of Rocke-
motions but perhaps one can be obtained and added to this
laber date.
B.
Dorr Donotions. Mr. Dorris contributions in establishing
Accdic can not all be listed here.
The following ex-
the "Eerrings before the Subconmittee of the Committee on
26
3.
House of Representatives, 77th Congress, 1st Session
Department Accrepriction Bill for 1942, part 1,"
no gave OF his resources to make the park
Mr. Demoroy, will you make 2. statement regarding the
acquisition of land and improvements proposed at Acadic
National Park? This is the George B. Dorr case. I
have here a letter written by Mr. Dorr, covering several
pages, in which he presents the situation, and Mr. Demaray
can probably express it in a much more concise way.
You gentlemen all remember that Mr. Dorr is the man who,
through bis own efforts and through his own funds, has
nade the Acadic National Park possible, through gifts
from interested citicous. Mr. Dorr. hincelf. has already
contributed to the volue of et least $100,000 and
Mr. John D. Rockefeller, Jr., has contributed at least
$2,500,000.
Mr. Dorr is a non 87 years old. He is neering the end of
his open of life and be is embitious to leave the rest of
his properties to the Park and to make them a part of
Acedic National Park. Last year he wrote the President
offering to give the home which his mother and father
and himself built at Box Farbor to the Chief Executive,
possibly, for possible use as a summer home for the
Chica Executive. The President reolied and I believe
there is a copy of the President's reply which Mr. Dorr
sent you
Yes.
....in which be said that the Chief Executive had no
authority to accept this land, but suggested that he give
it to the Secretary of the Interior as part of Acadie
National Park and that he could express the desire that
he night have in mind for this property.
Now Mr. Dorr has been unfortunate in his investments and
carter be made the offer to the President his financial
offeirs became involved. At the present time there is
outstanding indobtedness of about $25,000 which is held
by the bank and be has been trying to find ways and means
by which he could clear this so that he could carry out
his wich.
Mr. Dorr owns another piece of land on which at the time
the Park was first established he DUT IC the Park office.
This (indicating on man) is night in the town of Bar
Harbor and this (findicating) is the present Park office.
27
4.
This (indicating) is the information office, two
garages, and a cerements alton. I have outlined in
DONOR ARIS area which be owns. The Park acquired this
piece of adjoining property (indicating) and with the
CCC has built on equipment and storage sind which ex-
stendo 2 little on his land.
Mr. Dorr, in the letter that he wrote to Mr. Taylor
as a minn necring the span of his lifc, and wanting to
clear his property, in order to cerry his expressed
desires, has suggested that he would sell the Bar Earbor
property for which HT not may $15.00 annually for rental,
for $37,500. That would permit him to clear un his in-
debrediness on his other londo; and this (indicating on
man) is the other land which he wents to donate to the
United States."
old Term property which Mr. Dorr was offering as a gift, was
ozcess of $250,000 and the property on Bar Verbor on which
codquerters now rects yac considered to be worth in excess of
t
500 for which he was asking, therefore, Congress readily passed
(Public Low 136, 77th Congress, entitled "Act making appro-
for the Department of the Interior for the Fiscal Year ending
and for other purposes;, approved June 28, 1941.).
to account of the acquisition of this tract is included mainly
OF its location on a soparato island come 15 miles southeast
Deport Island.
nomorendum for the files, dated February 4, 1942, Mr. Earry I.
Chief of the Lando Division, records:
"Mr. R. L. Bowditch called this office today and re-
masted information concerning the possibility of the
by this Department of e. donation of some 13,000
nezes of land owned by him on Iole Au Heut in Knox County,
Taino for addition to the Acadis National Farir.
"Bir. Bowditch Has informed that while legal authority for
accoptance of the donation exists, his proposal would first
are to be considered by administrative officers from 3 planning
stondpoint
Mar. Senders made a further notation 32 follows:
Bowditch called at this office again on February 19
the processed donation was discussed in SOME detail with
Vint and Mr. George Collins. Dir. Vint indicated
that
in
opinion this land would be a desirable addition to the
Mr. Bowditch stated that the title to the property in
corporation owned and controlled by him and hic TWO sisters
of when, e physician, is now in England) and that be would
28
BOX 2
Tax List - George B. Dorr, Town of Bar Harbor:
Compass Harbor
$11,300.00
-
Goot
Old Farm Property
38,905.00
Storm Beach and Hill
6,550.00
Lot Southwest of Pike
540.00
Land between Otter Creek and Schooner Head Road
$2,780.00
Land West Ledgelawn Ave. Extension-South of Cemetery
880.00
Land North of Kebo--West of Cemetery
420.00
Strawberry Hill Lot
750.00
Land at Otter Creek
355.00
Alvah Abbott and Stover Lots
740.00
Land South Cromwell Harbor Road
1,700.00
Goot?
Roberts Lot (Where is it?)
300.00
Hatfield Lot
2,025.00
Salisbury Cove Lot
300.00
$67,545.00
BAR HARBOR Town OFFICE
1873
CHAS Dore
81 ALRES CROMOUNU HARBOR
800 TAX
190 / INVENTORY & VALUATION
ALRES
TAX
DORR GEO. B. No. PORTION OF COT FORMERLY ouner BY 27
398x25
JOHN CONNORS
1200
COTTACE ON SAME
1500
STABLE is
4
500
FARM HOUSE
u
-
200
SURNS - LT
is
200
DOVOLASS is
a
100
ICE HOUSE
4
"
100
is
LAUNDRY
25
SHED
7
-
75
c.
c
SOAT HOUSE
500
GREENHOUSE & COTTACE
2500
NEW is
4
100
new STABLE
400
COLD STORACE BLOG
20. PORTION OF LOT FORMERLY. OURED BY John
CORMORS inclusing GRANITEQUANAY
114
5415
Guaney BLOGS. on SAME
200
LOT LYING BETWEEN OTTER CREEK t SCHOOLER HEAD 5 1200
ROADS
LOT BOUNDED NORTH sy OTTER (REDI ROAD NE, SE
+ sw BY LAND OF SELF
2 200
LOT BOUGHT OF w. . M. ROBERTS BOLLOED NW
57 OTTER CREEK Rs. NW sy LAND on
SELF SE BY SUTTONER HEAD Ro, Sw BY 6 % 340
CAROOF W. M. ROBERTS RELORDED INH.R.
OF D. VOL. 28607
250
HOUSE ON NEWPORT MT ROAD
BLOG ON MAINST. BETWEEN BUNKER BLOCK & STEPENS
LAND ON LAND OF T.C. ROBERTS
1000
STABLE ON LAST DESCRIBED LOT
100
66780
MONEY AT INTEREST
CARRIACES
in EXCESS OF DEBIS
10 500
Cows
HORSES
5000
2 50
8 400
MUSICAL INSTRUMENTS
HOUSEHOLD innine
in EXCESS OF 415
in EXCESS OF
TOTAL VALUATION
TO TAC
/ 150
$200
OF PERSONAL ESTATE
68380
500
1600
Page 1 of 2
Epp, Ronald
From:
Epp, Ronald
Sent:
Friday, December 02, 2005 10:05 AM
To:
warner_m@jud.state.ma.us
Marnie Warner, Lawhibran
Subject: NELINET, Ron Epp & Dorr Research
Coordinator Mass Trial
Court how Lubraries, Boston,
Dear Marnie,
617.878-0338
MA.
02108
First off, I've heard back from Florentine Films that my NELINET Award invitation will be passed along to Ken
Burns.
Regarding our sidewalk conversation on my research challenges in unearthing the inheritance issue of the
subject of the biography that I am now writing, let me outline the particulars.
George Bucknam Dorr (1853-1944) is widely recognized as the Founder and first Superintendent of Acadia
National Park. Much of the Mount Desert Island (ME) land gifted to the United States he purchased directly or as
an intermediary. Secondary sources attribute to him an inheritance in 1901 or 1902 of anywhere from one to ten
million dollars following the death of his mother. I am trying to validate that claim, to track the money.
Mr. Dorr was the son of Charles Hazen Dorr (1821-1893) and Mary Gray Ward Dorr (1820-1901) who resided
since 1863 at 18 Commonwealth Avenue, Boston. Both the Ward and Dorr families were prominent and socially
connected families with Brahmin associations since many family members on both sides were Harvard College
graduates. George B. Dorr graduated from Harvard, class of 1874. It appears that family wealth came primarily
from his maternal family on the death in 1858 of Thomas Wren Ward of 3 Park Street, Boston, the American
agent for the Baring Brothers Banking empire.
The
family also had a summer "cottage" called Old Farm in Bar Harbor, ME. which was built in 1881 at a cost of
$70,000, a not modest sum for that era.
Mr. George B. Dorr retained the 18 Commonwealth Avenue residence for at least twenty years following his
mother's death in 1901. How might I determine when this property transferred to another owner?
I have seen the probated will on file in Hancock County ME (Ellsworth Maine) following the death of Mr. Dorr's
father, January 28, 1893. A family friend named Charles Pickering Bowditch was the executor/sole trustee who is
empowered to dispose of his real estate and to whom is given "all my personal effects, apparel, furniture,
ornaments, works of art, books in a will dated July 11, 1891. No mention or provision is made for his wife or his
son! Would it have been customary for the era to have such an arrangement whereby Mr. Bowditch was implicitly
the intermediary to transfer these assets to his wife and son? This will was also probated in Suffolk County.
On the death of Mary Gray Ward Dorr on October 21, 1901 her Suffolk County will dated April 20, 1897 was
probated on March 5, 1893 by Elijah George, Register of the Suffolk County probate Court. She bequeaths to her
sole surviving son "all my estate real and personal and I appoint to him all property over which I may have any
power of testamentary appointment."
For both these documents there is no estate inventory or appraisal of worth. Is it possible to uncover this
information? Any assistance that you could provide would be very much appreciated and subsequently
acknowledged.
Thank you and I look forward to hearing from you.
Ron
Ronald H. Epp Ph.D.
University Library Director &
Associate Professor of Philosophy
Southern New Hampshire University
12/2/2005
Certificate No. 9
=10=5hares.
Commentreath
Capital, $50,000. 500 Shares. Land
No. 2
NOT SUBJECT
TO Avenue ASSESSMENT. of Botton Trush
This Certifies, That George B. Doff
is the holder of - I on
Shares in the No. 2 COMMONWEALTH AVENUE
LAND TRUST, which he holds according to the terms of a Declaration of Trust made by
Henry Parkman, A. R. Whittier and Francis Peabody, Jr. dated December 23rd, 1895,
recorded in Suffolk County Registry of Deeds. This certificate is transferable only on the
books of the Trustees by the owner in person or by his attorney upon the surrender of this
certificate.
In Witness Where of, The Trustees of said Land Trust, or
a majority of them, hereunto set their hands at Boston, Mass.,
this Firit
day of april A. D. 1896
Mortgage for closed
Helen Parkina
and shorthing left for stort holders
Trustees.
acca doing to as (isability
us
(200) water shp H vyop.vq
Boston Manufacturing Company - Wikipedia
Page 1 of 5
Coordinates: 42°22'23"N 71°14'9"W
WIKIPEDIA
Boston Manufacturing Company
Boston Manufacturing Company
U.S. National Register of Historic Places
U.S. National Historic Landmark District
Boston Manufacturing Company, Waltham, Massachusetts
Show map of Massachusetts
Show map of the United States
Show all
Location
144-190 Moody St., Waltham, Massachusetts
Coordinates
42°22'23"N 71°14'9"W
Built
1813
Architect
Paul Moody
NRHP reference # 77001412
(https://npgallery.nps.gov/AssetDetail/NRIS/77001412)
Significant dates
Added to NRHP
December 22, 1977(1)
Designated NHLD
December 22, 1977(2)
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Boston Manufacturing Company - Wikipedia
Page 2 of 5
The Boston Manufacturing Company was a business that operated the first factory in America. It was
organized in 1813 by Francis Cabot Lowell, a wealthy Boston merchant, in partnership a group of investors
known as The Boston Associates, for the manufacture of cotton textiles. It built the first integrated spinning
and weaving factory in the world at Waltham, Massachusetts, using water power. They used plans for a power
loom that he smuggled out of England as well as trade secrets from the earlier horse-powered Beverly Cotton
Manufactory, of Beverly, Massachusetts, of 1788. [3] This was the largest factory in the U.S., with a workforce of
about 300. It was a very efficient, highly profitable mill that, with the aid of the Tariff of 1816, competed
effectively with British textiles at a time when many smaller operations were being forced out of business.
While the Rhode Island System that followed was famously employed by Samuel Slater, the Boston Associates
improved upon it with the "Waltham System". The idea was successfully copied at Lowell, Massachusetts and
elsewhere in New England. Many rural towns now had their own textile mills.
Contents
Origins
Revolution
The Waltham System
See also
References
Further reading
External links
Origins
Since 1793, when Samuel Slater established the first water-powered successful textile spinning mill in America
at Pawtucket, Rhode Island, water power had been operating machinery to process cotton fiber into yarn,
which would then be outsourced to small weaving shops and private homes where it would be woven into cloth
on hand-operated looms. By 1810, dozens of spinning mills dotted the New England countryside. However,
cloth production was still fairly slow with this system.
While on a visit to Lancashire, England in 1810, [5] Francis Cabot Lowell studied the workings of the successful
British textile industry. He paid particular attention to the power loom, a device for which there was yet no
equal in America. He knew that increased cloth production in the United States depended on such a machine.
Upon his return trip to Boston in 1812, he committed the plans to memory, disguising himself as a country
farmer, since the British banned export of the new technology at the time. [6]
In September 1813 The Boston Associates purchased the Boies Paper Mill site in Waltham. With a ten-foot
drop in the nearby Charles River, it was an ideal location to establish the new factory they envisioned.
Revolution
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Boston Manufacturing Company - Wikipedia
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The group hired a skilled mechanic named Paul Moody of
Amesbury to develop and construct the machinery and to supervise
the construction of the new mill.
After over a year of trials, Moody was able to bring Lowell's
description of the power loom to fruition, making his own
advancements along the way. It would be the perfection of Moody's
power loom that would be the real "revolution" in American
industry. For the first time, all phases of cloth production could be
brought under one roof. Moody also developed a system of power
Boston Manufacturing Company, C.
transmission using a series of leather belts and pulleys powered by
1813
water turbines, that would prove much more efficient than the
shaft and gear system then in use. The first mill was completed in
late 1814, after almost a year of construction. Jacob Perkins was in charge of installing the first waterwheel,
dam, flumes and raceway.
By early 1815, the cloth was sold. Production expanded quickly, as
did profits. In 1816 a second larger mill was built next to the first
mill. In addition to producing cloth, it also produced textile
machinery for other companies. The two mills were later connected
in 1843, as part of a planned expansion. [7]
The power loom was soon copied by many other New England area
mills, and modified and perfected along the way. Francis Cabot
Lowell died in 1817, at age 42.
Boston Manufacturing Company
and Dam in August, 2011
The Waltham System
The Boston Associates attempted to create a well-controlled system
of labor which varied from the harsh conditions observed while in
Lancashire. The mill owners recruited young Yankee farm girls
from the surrounding area to come work the machines at Waltham.
The mill girls, as they came to be known, lived in boarding houses
provided by the company and were supervised by older women,
and were subject to strict codes of conduct. They worked
approximately eighty hours per week. The workers would wake to
the factory bell at 4:40 in the morning. They would report to work
Boston Manufacturing Company
at 5:00 and have a half-hour breakfast break at 7:00 a.m. They
(1978), HAER-54
would then work until the half-hour- to forty-five-minute lunch
break at noon. At 7:00 p.m. the factory would shut down and the
workers would return to their company houses. This routine was followed six days a week. This system became
known as the Waltham System. [8]
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Boston Manufacturing Company - Wikipedia
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By the early 1820s the water power of the Charles River at Waltham was just about maximized, and the
investors sought a new location to build even more mills. As the Merrimack Manufacturing Company, in 1822
they copied the Waltham System at the new city of Lowell, Massachusetts on a much larger scale. The same
group of investors would later establish Lawrence, Massachusetts, Manchester, New Hampshire and several
other new industrial centers throughout New England during the first half of the 19th century. The factory
methods introduced at Waltham would also be copied by other industries in the years to follow.
The Waltham site would be expanded again during the late 19th century. The original mills were connected,
the gable roofs removed, and additional floors were added with flat roofs. The Boston Manufacturing Company
closed in 1930.
It was declared a National Historic Landmark in 1977. (2][9] Some of the company's worker housing has also
been listed on the National Register of Historic Places.
Today, the site is occupied by the Charles River Museum of Industry and Innovation, United States
Department of Housing and Urban Development-subsidized housing for seniors, the Ira B. Gordon Center For
the Arts (part of the Waltham Mills Artists Association), [10] and other housing.
See also
Lowell Mill Girls
Lowell Mills
List of National Historic Landmarks in Massachusetts
National Register of Historic Places listings in Waltham, Massachusetts
References
1. "National Register Information System" '(http://nrhp.focus.nps.gov/natreg/docs/All_Data.html)., National
Register of Historic Places. National Park Service. 2007-01-23.
2
"Boston Manufacturing
Company"(https://web.archive.org/web/20090606005954/http://tps.cr.nps.gov/nhl/detail.cfm?
Resourceld=1734&ResourceType=District). National Historic Landmark summary listing. National Park
Service. Archived from the original (http://tps.cr.nps.gov/nhl/detail.cfm?
Resourceld=1734&ResourceType=District) on 2009-06-06. Retrieved 2008-07-15.
3. Robert W Lovett, "The Beverly Cotton Manufactory: Or some new light on an early cotton mill Bulletin of
the Business Historical Society pre ( Dec 1952) 26, 000004; ABI/INFORM(pg. 218)
4. Kenton Beerman, "The Beginning of a Revolution: Waltham and the Boston Manufacturing Company."
The Concord Review (1994) online (http://teachers.hfcsd.org/webpages/tnassivera/files/the%
20beginning%20of%20a%20revolution.pdf).
5. Who Made America(https://www.pbs.org/wgbh/theymadeamerica/whomade/lowell_hi.html
6. PDF of Economic Decision-Making: Francis Cabot Lowell
http://www.economicadventure.org/decision/lowell.pdf)Archived
(https://web.archive.org/web/20090824025404/http://www.economicadventure.org/decision/lowell.pdf)
August 24, 2009, at the Wayback Machine
https://en.wikipedia.org/wiki/Boston_Manufacturing_Company
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Boston Manufacturing Company - Wikipedia
Page 5 of 5
7. George R. Adams; Candace Jenkins; Mike Folsom; Donald C. Jackson (1984). "Boston Manufacturing
Company MA-54" (http://memory.loc.gov/cgi-bin/ampage?
collld=pphhdatapage&fileName=ma/ma0900/ma0972/data/hhdatapage.db&recNum=1&itemLink=D?
h:18:/temp/~pp_VpCJ::). Historic American Engineering Record. Historic American Engineering Record.
Retrieved 2008-07-15.
8. Local History Pages (http://www.walthammuseum.com/250-history-08.html)
9. George R. Adams(?) (1977(?)) "National Register of Historic Places Inventory-Nomination: Boston
Manufacturing Company"(https://npgallery.nps.gov/NRHP/GetAsset/NHLS/77001412_text) (pdf). National
Park Service. Check date values in: date= (help) A National Register of Historic Places Inventory-
Nomination document is available upon request from the National Park Service for this site, and should be
online but there is an error at the NPS Focus server for this document. However, available are the
Accompanying six photos, exterior and interior, from 1977
https://npgallery.nps.gov/NRHP/GetAsset/NHLS/77001412_photos) (32 KB)
10. http://www.wmaastudios.org
Further reading
Bergquist Jr, H. E. "The Boston Manufacturing Company and Anglo-American Relations 1807-1820."
Business History 15.1 (1973): 45-55.
Dalzell, Robert F. Enterprising elite: The Boston Associates and the world they made (1987).
Prince, Carl E., and Seth Taylor. "Daniel Webster, the Boston Associates, and the US Government's Role
in the Industrializing Process, 1815-1830." Journal of the Early Republic 2.3 (1982): 283-299.
External links
The Beginning of a Revolution: Waltham and the Boston Manufacturing Company
(https://web.archive.org/web/20120508063928/http://www.tcr.org/tcr/essays/CB_Textiles.pdf).By Kenton
Beerman. 1994. The Concord Review
Boston Manufacturing Company, 144-190 Moody Street, Waltham, Middlesex County, MA: 70 photos, 15
data pages (http://hdl.loc.gov/loc.pnp/hhh.ma0972), at Historic American Engineering Record
Charles River Museum of Industry and Innovation (http://www.charlesrivermuseum.org)
Boston Manufacturing Company records(http://nrs.harvard.edu/urn-3:HBS.Baker.EAD:bak00043) at
Baker Library Special Collections, Harvard Business School
David Stephen Unger, "A Place of Work: The Geography of an Early Nineteenth Century Machine
Shop" (Harvard Dissertation 2013)[1]
https://dash.harvard.edu/bitstream/handle/1/11095960/unger_gsas.harvard_0084l_10950.pdf
Retrieved from "https://en.wikipedia.org/w/index.php?
title=Boston_Manufacturing_Company&oldid=889722019"
This page was last edited on 27 March 2019, at 14:40 (UTC).
Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By
using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the
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https://en.wikipedia.org/wiki/Boston_Manufacturing_Company
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Waltham-Lowell system - Wikipedia
Page 1 of 4
WIKIPEDIA
Waltham-Lowell system
The Waltham-Lowell system was a labor and production model
employed during the rise of the textile industry in the United States,
particularly in New England, amid the larger backdrop of rapid
expansion of the Industrial Revolution the early 19th century.
Made possible by inventions such as the spinning jenny, spinning
mule, and water frame around the time of the American Revolution,
the textile industry was among the earliest mechanized industries, and
models of production and labor sources were first explored here.
Boston Manufacturing Co.,
The system used domestic labor, often referred to as mill girls, who
Waltham, Massachusetts
came to the new textile centers from rural towns to earn more money
than they could at home, and to live a cultured life in "the city". Their
life was very regimented - they lived in company boardinghouses and were held to strict hours and a moral code.
As competition grew in the domestic textile industry and wages declined, strikes began to occur, and with the
introduction of cheaper imported foreign workers by mid-century, the system proved unprofitable and collapsed.
Contents
Precursor
Characteristics
Waltham
Lowell
Decline
See also
References
Notes
External links
Precursor
The precursor to the Waltham-Lowell system was seen in Rhode Island, where British immigrant Samuel Slater
set up his first spinning mills in the 1790s.
Slater drew on his British village experience to create a factory system called the "Rhode Island System," based on
the customary patterns of family life in New England villages. Children aged 7 to 12 were the first employees of the
mill; Slater personally supervised them closely. The first child workers were hired in 1790. It is highly unlikely that
Slater resorted to physical punishment, relying on a system of fines. Slater first tried to staff his mill with women
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and children from afar, but that fell through due to the close-knit
framework of the New England family. He then brought in whole
families, creating entire towns. [1] He provided company-owned
housing nearby, along with company stores; he sponsored a
Sunday School where college students taught the children reading
and writing.
Characteristics
The Waltham-Lowell system pioneered the use of a vertically
integrated system. [2] Here there was complete control over all
Slater Mill
aspects of production. Spinning, weaving, dyeing, and cutting
were now completed in a single plant. [3] This large amount of
control made it SO that no other company could interfere with production. The Waltham mill also pioneered the
process of mass production. This greatly increased the scale of manufacturing. Water powered line shafts and belts
now connected hundreds of power lines. The increase in manufacturing occurred SO rapidly that there was no
localized labor supply in the early 19th century that could have sufficed. [4] Lowell solved this problem by hiring
young women.
Waltham
After the successes of Samuel Slater, a group of investors now called The Boston Associates and led by
Newburyport, Massachusetts merchant Francis Cabot Lowell devised a new textile operation on the Charles River
in Waltham, Massachusetts, west of Boston. This new firm, the first in the nation to place cotton-to-cloth
production under one roof, was incorporated as the Boston Manufacturing Company in 1814.
The Boston Associates tried to create a controlled system of labor unlike the harsh conditions they observed while
in Lancashire, England. The owners recruited young New England farm girls from the surrounding area to work
the machines at Waltham. The mill girls lived in company boarding houses and were subject to strict codes of
conduct and supervised by older women. They worked about 80 hours per week. Six days per week, they woke to
the factory bell at 4:40am and reported to work at 5am and had a half-hour breakfast break at 7am They worked
until a lunch break of 30 to 45 minutes around noon. The workers returned to their company houses at 7pm when
the factory closed. This system became known as the Waltham System.
Lowell
While the Boston Manufacturing Company proved immensely profitable, the Charles River had very little
potential as a power source. Francis Cabot Lowell died prematurely in 1817, and soon his partners traveled north
of Boston to East Chelmsford, Massachusetts, where the large Merrimack River could provide far more power. The
first mills, the Merrimack Manufacturing Company, were running by 1823. [5] The settlement was incorporated as
the town of Lowell in 1826, and became the city of Lowell ten years later. Boasting ten textile corporations, all
running on the Waltham System and each considerably larger than the Boston Manufacturing Company, Lowell
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became one of the largest cities in New England and the model, now known as
the Lowell System, was copied elsewhere in New England, often in other mill
towns developed by the Boston Associates. Examples include Manchester, New
Hampshire; Lewiston, Maine; Lawrence, Massachusetts; and Holyoke,
Massachusetts.
Decline
Eventually, cheaper and less organized foreign labor replaced the mill girls.
Even by the time of the founding of Lawrence in 1845, there were questions
being raised about its viability. [6] One of the leading causes of this transition to
foreign labor and the demise of the system was the coming of the Civil War.
Girls went to be nurses, back to their farms, or into positions that men had left
when they went to the army.17 These girls were out of the mills for the duration
Tintype of two young
of the war and when the mills reopened after the war, the girls were gone
women in Lowell,
Massachusetts (circa 1871)
because they no longer needed the mills. They had rooted into their new
occupations or moved on in life to the point where the mill was no
longer suitable for them. [7] The lack of mill girls created a movement
towards Irish immigrants.
The Irish community that was building in Lowell, Massachusetts was
not exclusively female unlike the grouping of mill girls in the
dormitories. 8 The proportion of male employment at the mill
increased which rapidly changed the demographics of the people that
III
work there. [8] The Lowell plant became heavily dependent on the
foreign lower-class, especially the Irish immigrants that flocked to
Massachusetts. [2] This reliance on foreign workers forced the mills to
One of the last remaining textile mill
become what they had been trying to avoid with the mill girls. Poverty
boarding houses in Lowell,
snuck up on them and they were forced to deal with slums and a poor
Massachusetts on right, part of the
lower-class. These immigrants tended to have families and they did not
Lowell National Historical Park
live in the dormitory style of the mill girls. While in many cases the
boardinghouses outlived the system, families of immigrant workers
typically lived in tenement neighborhoods, and off company property.
See also
Mills and Factories in the Industrial United States
Lowell mill girls
References
Dublin, Thomas (1989). "Review: Lowell, Massachusetts and the Reinterpretation of American Industrial
Capitalism". The Public Historian. National Council on Public History. 11 (4): 159-64. doi: 10.2307/3378079
(https://doi.org/10.2307%2F3378079) ISSN 1533-8576 (https://www.worldcat.org/issn/1533-8576).
JSTOR 3378079 (https://www.jstor.org/stable/3378079).
https://en.wikipedia.org/wiki/Waltham-Lowell_system
8/9/2019
Waltham-Lowell system - Wikipedia
Page 4 of 4
MacDonald, Allan (1937). "Lowell: A Commercial Utopia". The New England Quarterly. 10 (1): 37-62.
loi:10.2307/360145 (https://doi.org/10.2307%2F360145). ISSN 0028-4866
(https://www.worldcat.org/issn/0028-4866). JSTOR 360145 (https://www.jstor.org/stable/360145).
Notes
1. No. 384: Samuel Slater (http://www.uh.edu/engines/epi384.htm)
2. Dublin 1989, p. 160
3. Walton 2010, p. 168
4. Vance 1966, p. 316
5. Alan Alelrod and Charles Phillips (2008). What Every American Should Know About American History: 225
Events that Shaped the Nation. Avon, MA: Adams Media; 3rd edition. p. 86. ISBN 978-1-59869-428-4
6. http://www.historycooperative.org/journals/mhr/2/ford.htmlF Peter A. Ford - "Father of the whole enterprise"
Charles S. Storrow and the Making of Lawrence, Massachusetts, 1845-1860
7. MacDonald 1937, p. 61
8. Dublin 1975, p. 34
External links
Fire map of the Merrimack Manufacturing Company and Dutton and Worthen Street boardinghouses, 1924
(http://library.uml.edu/clh/Atlas/1924/Plate_01a.pd
Boardinghouses and their demolition, 1960s (http://memory.loc.gov/cgi-bin/ampage?
collld=pphhphoto&fileName=ma/ma0200/ma0299/photos/browse.db&action=browse&recNum=0&title2=New%
20Block,%20Dutton%20Street,%20Lowell,%20Middlesex%20County,%20MA&displayType=1&itemLink=D?
hh:7:/temp/~pp_guJZ:)
More boardinghouses, 1960s (http://memory.loc.gov/cgi-bin/ampage?
collld=pphhphoto&fileName=ma/ma0200/ma0297/photos/browse.db&action=browse&recNum=0&title2=Brick%
20Block,%20Dutton%20Street,%20Lowell,%20Middlesex%20County,%20MA&displayType=1&itemLink=D?
hh:9:./temp/~pp_guJZ:)
Retrieved from "https://en.wikipedia.org/w/index.php?title=Waltham-Lowell_system&oldid=897082593"
This page was last edited on 14 May 2019, at 17:10 (UTC).
Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By
using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the
Wikimedia Foundation, Inc., a non-profit organization.
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8/9/2019
Merrimack Manufacturing Company - Wikipedia
Page 1 of 2
WIKIPEDIA
Merrimack Manufacturing Company
The Merrimack Manufacturing Company (also
known as Merrimack Mills (1) was the first of the
major textile manufacturing concerns to open in Lowell,
Massachusetts, beginning operations in 1823. [2]
Contents
History
References
External links
Archives and records
An 1850 drawing of the Merrimack Manufacturing
Company
History
After the death of Francis Cabot Lowell of the Boston Manufacturing
Company, his associates (commonly referred to as the Boston Associates)
began planning a larger operation in East Chelmsford, Massachusetts,
along the Merrimack River. The Merrimack Manufacturing Company,
modeled after the second Boston Manufacturing Company mill, was built
concurrently with the necessary canals, machine shop, dyehouse, and
boardinghouses for the operatives. The system of operation the company
employed became known as the Lowell System. Initially capitalized with
The Merrimack Manufacturing
$600,000, [3] its typical product was calico cloth. Situated at the foot of the
Company is shown as dotted
Merrimack Canal, the original mills received the full 32' drop of the river.
lines (demolished) at the
Merrimack River end of the
Closely associated with the Proprietors of Locks and Canals and at one
Merrimack Canal
point, merged with the company under the same agents (such as Kirk
Boott), the Merrimack Company was the "parent" company of the later
Lowell firms - although they were technically competitors. The Merrimack Company also was very powerful in the
politics of the settlement, later town, and later city, of Lowell.
However, as textile production in the United States shifted away from New England, the Merrimack
Manufacturing Company's fortunes reversed. The company was able to survive the Great Depression due to
military contracts and awards which revamped the surrounding economy; it was among the last of Lowell's textile
giants to close. Shortly after it ceased operations in the late 1950s, nearly the entire complex was demolished for
urban
renewal in 1960. [1] A few years later, many of the boardinghouses were destroyed as well. Today, the site is
occupied by new arterial roads, parking lots, a few low-rise office buildings, and a high-rise housing tower, as well
as the newer buildings of Lowell High School.
https://en.wikipedia.org/wiki/Merrimack_Manufacturing_Compan
8/9/2019
Merrimack Manufacturing Company - Wikipedia
Page 2 of 2
2
From 1900 until 1946, the Merrimack Manufacturing Company ran a plant in Huntsville, Alabama as well. [4]
References
1. "Merrimack Company Demolition" (http://library.uml.edu/clh/Lophoto/Mill/mmd.htm). Center for Lowell History.
University of Massachusetts Lowell Libraries. Retrieved July 27, 2014.
2. Alan Alelrod and Charles Phillips (2008). What Every American Should Know About American History: 225
Events that Shaped the Nation. Avon, MA: Adams Media; 3rd edition. p. 86. ISBN 978-1-59869-428-4.
3. Clark, Victor S (1916). History of Manufactures in the United States 1607-1860. Washington, DC: Carnegie
Institution of Washington. p. 405.
4. Fisk, Sarah Huff; Jenkins, Debra (Winter-Spring 2008). Jacquelyn Proctor Reeves (ed.). "Merrimack Mill
History" (http://huntsvillehistorycollection.org/hh/hhpics/hhr/pdf/Volume_33_1_Winter-Spring-08.pdf)(PDF).
Huntsville Historical Review. Huntsville-Madison County Historical Society. 33 (1): 75-84. Archived
https://www.webcitation.org/6ROUMcBgy?
url=http://huntsvillehistorycollection.org/hh/hhpics/hhr/pdf/Volume_33_1_Winter-Spring-08.pdf)(PDF) from
the original on July 28, 2014. Retrieved July 27, 2014.
External links
Fire map of the property in 1924 (http://library.uml.edu/clh/Atlas/1924/Plate_01a.pdf)
Rowhouses and their demolition (http://memory.loc.gov/cgi-bin/ampage?
collld=pphhphoto&fileName=ma/ma0200/ma0299/photos/browse.db&action=browse&recNum=0&title2=New%
20Block,%20Dutton%20Street,%20Lowell,%20Middlesex%20County,%20MA&displayType=1&itemLink=D?
hh:7:./temp/~pp_guJZ::)
More rowhouses (http://memory.loc.gov/cgi-bin/ampage?
Illd=pphhphoto&fileName=ma/ma0200/ma0297/photos/browse.db&action=browse&recNum=0&title2=Brick%
20Block,%20Dutton%20Street,%20Lowell,%20Middlesex%20County,%20MA&displayType=1&itemLink=D?
hh:9:./temp/~pp_guJZ::)
Archives and records
Merrimack Manufacturing Company records (http://nrs.harvard.edu/urn-3:HBS.Baker.EAD:bak00471) at
Baker Library Special Collections, Harvard Business School.
Retrieved from "https://en.wikipedia.org/w/index.php?
title=Merrimack_Manufacturing_Company&oldid=902431440"
This page was last edited on 18 June 2019, at 19:31 (UTC).
Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By
using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the
Wikimedia Foundation, Inc., a non-profit organization.
https://en.wikipedia.org/wiki/Merrimack_Manufacturing_Company
8/9/2019
Collection: Merrimack Manufacturing Company records HOLLIS for Archival Discovery
Page 1 of 3
HOLLIS for Archival Discovery
COLLECTION Identifier: Mss:4421821-1946 M572
" CITATION
REQUEST
VIEW PDF
CSV
? ASK A LIBRARIAN
Merrimack Manufacturing Company records
FOUND IN: Baker Library Special Collections, Harvard Business School, Harvard
University / Merrimack Manufacturing Company records
COLLECTION OVERVIEW
COLLECTION INVENTORY
DIGITAL MATERIAL
Minutes, treasurer's reports, journals, ledgers, and other papers. Includes auditor's reports (1939-
1944) and legal papers (1838-1880) of the Locks and Canals Co.
Dates
1821-1957
Conditions Governing Access
Collection is open for research. Some materials may be stored offsite; access requires advance
notice. Contact specialcollectionsref@hbs.edu for more information.
Extent
22.75 linear feet (71 volumes, 18 boxes, 1 carton)
EXPAND ALL
SCOPE AND CONTENTS
ADDITIONAL DESCRIPTION
ADMINISTRATIVE INFORMATION
REPOSITORY DETAILS
https://hollisarchives.lib.harvard.edu/repositories/11/resources/7954
8/9/2019
January Social History
I
4, #3 (Spring 1971):
ROBERT RICH
263-75.
"A WILDERNESS
OF WHIGS"
The Wealthy Men of Boston
P
artisan infighting during the Jacksonian era included, as a matter
of form, charges by the Democrats that the vast majority of
wealthy men supported the Whig party. The Democracy saw itself as
the refuge of the masses and scorned Whiggery as a plot perpetrated
by the privileged few. The Jacksonians conceded that "a few honest
patriotic rich men" voted with them, but stoutly maintained that
"almost all the rich" were Whigs.
For generations, historians generally subscribed to the belief that
most wealthy men in the age of Jackson were indeed Whigs. Recently
this old interpretation has been challenged, particularly by the
consensus school.2 In The Concept of Jacksonian Democracy: New
York as a Test Case, Lee Benson presented one of the fullest ex-
positions of the new consensus view. Benson minimized the severity
of class-oriented political conflict and argued against the thesis that
political divisions could be correlated meaningfully with economic
status. He posed the questions, "Did men of wealth strongly tend to
give their resources, talents, and prestige to the Whigs rather than to
the Democrats? Did a large portion of the business community-
however defined-adhere to the Whig faith?" Benson contended
that the wealthy and the businessmen could not be so described.
Benson concentrated primarily upon the backgrounds of men in
places of political leadership, rather than tracing the partisan
preferences of wealthy men in general. Thus his conclusion that it
was "potentially verifiable" that "the men who led and controlled
both major parties in New York belonged to the same socioeconomic
ROBERT RICH is a graduate student in history at the University of California, Los
Angeles.
1. Boston Post, 7, 13 July 1835.
2. For Jacksonian era historiography, see Charles Grier Sellers, Jr., "Andrew Jackson
versus the Historians," Mississippi Valley Historical Review 64 (March 1958): 615-34;
Alfred A. Cave, Jacksonian Democracy and the Historians (Gainesville, 1964).
3. Lee Benson, The Concept of Jacksonian Democracy; New York as a Test Case
(Princeton, 1961), 80.
270
journal of social history
Lee ran as the regular Democratic candidate for state senator, but in
1834 the Whigs named him to their Committee of Public Safety, and
he won election to the legislature as a Whig. 24
By 1841, Lee was content in having the Whigs under William
Henry Harrison replace the Van Buren regime. He disagreed with
Whig positions on a new national bank, as well as on the tariff issue,
but he rationalized that "the men coming with power have more
talents and character as I think, than those who are retiring." Lee
took the socially proper position and supported the Whigs who were
"made of better stuff, and more polished," although he opposed their
policies on many substantive issues. 25
An even more prominent pro-Jacksonian member of the elite in the
late 1820s was Theodore Lyman, Jr., the son of a wealthy and respec-
table family. His father had been part of the Essex Junto, and the
younger Lyman followed family tradition by serving as a Federalist
in the Massachusetts legislature from 1820 to 1825. He also brought
his literary talents to bear upon political matters in A Short History
of the Hartford Convention, an apologia for that Federalist gathering.26
Ironically, Lyman's Federalism led him to support Andrew
Jackson. Lyman was one of the Federalists who had never forgiven
John Quincy Adams's apostasy in supporting the Embargo and
defecting to the Republicans. In order to defeat Adams, Lyman
himself embraced Republicanism. In 1824, he backed William H.
Crawford for the presidency, and in 1828 he became a Jackson man. 27
With other "silk-stocking" Democrats, Lyman founded and edited
the Jackson Republican, a newspaper devoted to the "preservation of
our republican institutions" and the election of Andrew Jackson.28
Lyman fully understood the difficulties of being a Democrat in
Boston. "It is not the easiest thing in the world either to establish a
Jackson paper in Boston or to conduct it after established," he wrote.
"The community is either hostile or neutral."29 In order to soften the
opposition and make Jacksonianism socially acceptable, Lyman's
24. Post, 23 February 1836; Porter, Jacksons and Lees, 1:115-16; Darling, Political
Changes, 84. Darling's investigations did not reveal "Lee as a participant in the affairs
of the Democratic party in Massachusetts" (12). Certainly Lee was an unusual Democrat,
but he did, at times, appear on the regular Henshaw ticket; see New England Paladium
and Commercial Advertiser, 24 May 1829 and Post, 7 November 1832.
25. Henry Lee to Thomas Thornely, 24 February 1841 printed in Porter, Jacksons and
Lees, 2: 1439-44.
26. DAB, 6:518; Theodore Lyman, "Hon. Theodore Lyman, Jr." Memorial Biog-
raphies of the New England Historic Genealogical Society, 9 vols. (1880-1908), :169-88.
27. Ibid., 188-89; Darling, Political Changes, 41-42, 60.
28. "Prospectus" for Jackson Republican in Norcross Papers, MHS.
29. Theodore Lyman to Samuel Crocker, 31 July 1828, written on the back of "Pros-
pectus" in ibid.
WHIGS IN BOSTON
271
faction styled itself the "Federal Republicans" and passed resolu-
tions at public meetings averring that "the party that now supports
General Jackson
is as distinguished for those eminent endow-
ments, that entitle men to consideration in society
as any party"
since the time of George Washington. 30
Lyman's pro-Jackson activity provoked the scorn of elite Boston,
but he did not gain power in the Democratic party. 31 His newspaper's
faction competed with the other Jackson paper, the Statesman (later
the Post) which spoke for the David Henshaw group. After the
distribution of federal patronage to the Henshaw wing of the party,
Lyman's clique dissolved. By 1835, the Post was asking rhetorically,
"Where now are these 'genteel democrats'?"32
More typically, Federalists made a smooth transition to National
Republicanism and then formed the core of the Whig party. This
group had no finer representative than Thomas Handasyd Perkins,
an archetypical "merchant prince," member of the Hartford Con-
vention, and Federalist legislator. He felt deep frustration because of
the Jacksonian movement, and immediately after Jackson's re-
election he wrote, "was I young, I should go mad-as it is, I take the
thing easy, knowing that I shall not have long to suffer.
"33
A
government of the wise, the good, and the rich would have been more
congenial to Perkins than one in which the masses participated.
In addition to ex-Federalists, some of whom briefly supported
Jackson, the Whig Party also gathered into its ranks "a great many
renegade old republicans." These men, who had, in the opinion of
the Post, "relinquished their democratic principles along with their
youth, their honesty and enthusiasm,"34 included Benjamin W.
Crowninshield. His family, although prosperous, had been Repub-
lican, and unlike Lyman and Lee, Crowninshield had supported the
War of 1812, during which he increased his fortune by privateering.
As a reward for the financial and moral support rendered the govern-
ment, as well as for party loyalty, James Madison appointed Crown-
inshield Secretary of the Navy in 1814. 35
30.
Columbian Centinel, 19 March 1828.
31. Community vengeance included a libel suit brought against Lyman by Daniel
Webster. See J. H. Benton, A Notable Libel Case, the Criminal Prosecuion of Theodore
Lyman, Jr. by Daniel Webster (Boston, 1904); Darling Political Changes, 64-66.
32. Ibid., 62-63, 70-71; Post, 25 March 1835.
33. DAB, 7:477; "Our First Men," 35-36; [Forbes], Rich Men, 51; Thomas G. Cary,
"Thomas Handasyd Perkins," in Freeman Hunt, ed., Lives of American Merchants, 2
vols. (New York, 1856), 1:33-101; T. H. Perkins to Nicholas Biddle, 9 November 1832,
Biddle Papers, Library of Congress.
34. Post, 9 November 1836.
35. Porter, Jacksons and Lees, 1:106; DAB, 2:577-78.
272
journal of social history
Crowninshield spent the most important part of his political life as
a Jeffersonian and has been remembered as a "Democrat." 36 He was
not, however, a Jacksonian Democrat. As a congressman represen-
ting the Salem district from 1823 to 1831, he generally supported
Adams and held an unflattering view of Jackson. "The truth is
nobody respects or cares a cent about him," Crowninshield wrote of
the Old Hero in 1831. And he showed his New England prejudice by
remarking of Jackson's followers that "the only joy they have, is
that, no Yankee fills the throne & that makes up for every other
curse." When National Republicans in Salem denied Crownin-
shield renomination in favor of young Rufus Choate, he moved to
Boston and promptly gained election as a National Republican to
the legislature. 38
In addition to renegade Jeffersonian Democrats, some disgruntled
Jacksonian Democrats also entered Whig ranks. Among Boston's
wealthy men the most notable Jacksonian defector was Franklin
Haven, president of the Merchants' Bank. A vigorous Jacksonian in
the 1830s, Haven served on the Democratic County Committee and
ran for office on tickets which the Post assured its readers contained
only men who were "DEMOCRATS TO THE BACKBONE." In
1833 Haven served on a committee which invited President Jackson
to visit the city, the same year that Haven's bank was chosen as an
original deposit or "pet" bank. 39
After the 1830s Haven took little part in partisan affairs, and he
never displayed Whig sympathies as openly as he had his Jackson-
ianism. Haven's drift toward Whiggery began in 1835 or 1836 when
he became a close friend of Daniel Webster. Their families often
exchanged visits, and Haven attempted to advise Webster on financial
matters. But Haven also maintained friendships with leading Demo-
crats, including Marcus Morton and David Henshaw.
These ties to men in both parties proved helpful to Haven and his
bank. In 1838, Van Buren made an "unsolicited" appointment of
Haven as Federal Pension Agent for the state, and he continued to
prosper when the Whigs came to power since Webster advised the
36. Ibid.
37. B. W. Crowninshield to G. H. S. Dearborn, 7 January 1831, in Norcross Papers,
MHS.
38. Atlas, 10 November 1832.
39. Professional and Industrial History, 2:280-81; Richard P. Chapman, One Hundred
Years on State Street ! Merchants National of Boston" (1831-1956) (New York, 1956),
9; Frank Otto Gatell, "Spoils of the Bank War; Political Bias in the Selection of Pet
Banks," American Historical Review 60 (October 1964), 50-52; Post, 25 May and 11
November 1833, 7 November 1835.
WHIGS IN BOSTON
273
United States Marshal to use the Merchants' Bank for government
funds. In 1849, Haven received a Whig appointment as Assistant
Secretary of the Treasury in Boston. 40
In 1854, the Whigs, obviously counting Haven as a friend, nomi-
nated him for the legislature. He expressed no opposition to the
party, but he felt compelled to decline since holding elected office
might cause neglect of his other duties. He still held two federal posts,
and with Democrats ruling in Washington it would have been un-
diplomatic to appear on the other party's ticket. 41
Haven and former Federalists Lyman and Lee were among twenty
wealthy original supporters of Jackson who defected. Battles over
such issues as the tariff, patronage, and the Second Bank of the
United States undermined much of the minimal support Jackson had
mustered among Boston's wealthy. And at all times, social con-
siderations dictated that a wealthy man who wished to be accepted by
the elite must conform to Whiggery.
Proper Boston maintained religious as well as political standards,
and the affluent of the city generally followed the elite's preference
for Unitarianism or Episcopalianism. The religious affiliations of 265
(37.1 percent) of the 714 wealthy men were identified, and of these,
175 (66.0 percent) were Unitarians. The second largest number of
identifications was made for Congregationalists, 38 (14.3 percent),
followed closely by Episcopalians, 35 (13.2 percent). There were also
a handful of Swedenborgians (5), Baptists (4), Methodists (3),
Universalists (2), Catholics (2), and one Jew.
The Unitarian faith ranked as the most socially proper and
"embraced the larger part of the men eminent for ability, worth, and
beneficence, and most of the principal merchants, lawyers, and
physicians "42 For example, the congregation at Brattle Street
Church included such families as the Lodges, Otises, and Grays, plus
the millionaires William, Amos, and Abbott Lawrence.