John P. Townsend

John Pomeroy Townsend (1832–1898) was an American financier of the Gilded Age. He proudly claimed descent from "old Puritan stock", tracing his ancestry to a Thomas Townsend who settled at Lynn, Massachusetts in 1637.^[1]

Business career

Townsend was born in Middlebury, Vermont.^[2] He began his business career in New York City in 1850. He became Second Vice-President of the Bowery Savings Bank from 1875 to 1883, First Vice-President from 1883 to 1894, and President from 1894 to his death in 1898; he was also President of the Maritime Exchange from 1883 to 1888, Treasurer of the New York Produce Exchange in 1887, a member of the Chamber of Commerce, and from 1889 President of the Knickerbocker Trust Company.^[3] Other positions included president of the Municipal Gas-Light Company of Rochester; director of the Long Island Railroad Company; and secretary and manager of the Hospital for the Ruptured and Crippled.^[4]

Writings

Townsend was also a writer on economic matters, his publications including the chapters on U.S. Savings Banks in volume 2 of A History of Banking in all the Leading Nations (1896), as well as writings on the Free Silver controversy.

Death

On 10 September 1898, Townsend died suddenly of a heart attack shortly after dinner at his summer house in Tarrytown, New York.^[5]

References

1. ↑ Prominent Families of New York (1897), p. 570.
2. ↑ "Middlebury, Vermont". City-Data.com. Retrieved June 25, 2014. 
3. ↑ "Bowery Bank's New Head; John P. Townsend Now President of the Institution", New York Times, March 13, 1894. Accessed 24 May 2010.
4. ↑ John J. Dearborn, Names and short notices of gentlemen who have practiced their profession in the town, from The History of Merrimack and Belknap Counties, New Hampshire, edited by D. Hamilton Hurd (1885).
5. ↑ "Death of John P. Townsend", New York Times, 13 September 1898. Accessed 24 May 2010.