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thirteen the son began his business life as a clerk in a shipping office. Four years later he transferred his services to an iron and coal concern in
Glasgow, and in 1850 a London firm in the iron and metal business made him an offer to travel for it in the United States and Canada, and he eagerly accepted the opportunity of broadening his experience and enlarging his prospects for advancement. He came to the United States in June,. 1850, and made his headquarters in New York city for two years. He went back to become the manager of the same firm's branch office in Glasgow, and he held that position from August, 1852, until December, 1856, but the institutions and the opportunities of the ...
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in
Scotland. J.S. Kennedy & Company acted as the American agent of the Company which invested solely in bonds issued by North American railroad companies. Over time, the investment portfolio broadened out over time to include shares as well as bonds and industrial, commercial and public utility
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Kennedy, John
Stewart, financier and philanthropist, was born at Blantyre, near Glasgow, Scotland, Jan. 4, 1830, son of John and Isabel (Stewart) Kennedy. He was educated in the public schools of Glasgow. His father's circumstances made it impossible to expect a college career, and at the age of
410:, as well as other junior partners who reorganized the firm under the name J. Kennedy Tod & Company. In retirement, Kennedy broadened his role as a financier with diverse interests in leading New York financial intermediaries. Kennedy held the post of president pro tem of the
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In 1868, he formed J.S. Kennedy & Company, a banking firm, and spent the next fifteen years devoting himself to "financial affairs of magnitude and importance." He aided in the reorganization of various financial concerns, notably in 1888, when he acted with
738:"J. S. Kennedy Dead of Whooping Cough – The Financier and Philanthropist Was Ill at His City Home Only Two Weeks – Began His Career at 13 – Rose from a Scotch Mining Clerk to be a Railroad Man and Banker Worth Millions -- His Charities"
1038:"Will of Miss Dike Rids League Group – Smith College Also to Share in Her $ 100,000 Estate--Carstairs Left $ 383,309. Hubert Gifts Distributed – 33 Institutions to Get $ 4,600,000 Apportioned for Inventor--Kennedy Legacies to Charity"
1193:"TRUSTEE AND NOTED BENEFACTOR DEAD John Stewart Kennedy, Donor of Hamilton Hall, Dies of Whooping-Cough DEAN VAN AM PAYS HIM TRIBUTE He Was Widely Known as a Prominent Financier, and a Generous Philanthropist"
1100:"Mrs. J.S. Kennedy Dies in Bar Harbor – Widow of Philanthropist Had Herself Given Millions to Many Charities – She Was 96 Years Old – Honorary Degree Awarded Her Last Year for Her Help to New York University"
609:, and the chairman of the Presbyterian Hospital and United Charities boards, Second Vice President and a member of the executive committee of the Metropolitan Museum of Art, Second Vice President of the
332:. In Autumn 1852, he returned to Glasgow to lead the branch office of the firm following the accidental drowning of his brother who had led the office. Kennedy remained in Glasgow until 1856.
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The list of bequests for public purposes made in the will of Mr. John
Stewart Kennedy is an admirable picture of the nature of the man, his ideals, his interests, his mode of looking at life.
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of New York from 1896 to 1909. As a result of his varied banking activities, Kennedy became a central figure in the history of
American banking and in the New York business community.
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From 1847 until 1850, he was a salesman with the
Mossend Iron & Coal Company. In 1850, at age twenty, he was asked by William Bird, of the iron firm William Bird & Company of
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His widow continued his philanthropy after his death and gave millions of dollars to educational and charitable causes. She died at their summer home, Kenarden Lodge in
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known as M.K. Jesup & Company that began with a focus on railroad iron and materials but eventually shifted to banking. From this
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As well as his many positions in finance
Kennedy was a keen art collector. In his later life Kennedy donated many pieces to the
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Kennedy also served as a trustee of the
Central Trust Company from 1882 until he died. Kennedy held similar positions with the
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on June 29, 1850, and spent the next two years traveling to all the major cities in Canada and the United States, including
317:, whom Kennedy had met during Bird's visit to Glasgow, to become the firm's representative in the United States and Canada.
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923:"Mrs. John Stewart Kennedy Gives a Philosophy Hall to New York University as a Memorial to Her Father, Cornelius Baker"
1131:"Funeral Held Here for Mrs. Kennedy – Rev. Dr. M.C. Morgan Officiates at Services at Fifth Avenue Presbyterian Church"
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1069:"N.Y.U. Gifts Total $ 621,671 Since May – Largest Is Bequest of $ 402,213 From the Estate of Emma Baker Kennedy"
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The Man Who Found The Money : John
Stewart Kennedy and the Financing of the Western Railroads
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from 1883 to 1884, when he became vice president until he resigned for reasons of health in 1888.
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on
January 4, 1830. He was the fifth son of nine children born to John Kennedy and Isabella (
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in New York. Honorary pallbearers at his funeral included, Stephen Baker, president of the
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while still attending morning and evening classes in an attempt to complete his education.
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675:"Mr. John S. Kennedy. Interesting Sketch Of The Life Of An Honored Citizen Of New-York"
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where he was educated until the age of thirteen before entering a shipping office as a
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In 1878 Kennedy was instructed as USA liquidator on behalf of the shareholders of the
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from 1903 to 1906, the Title Guarantee and Trust Company from 1895 to 1909, and the
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where he established a branch of the firm under the name Jesup, Kennedy & Co.
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Kennedy returned to New York in December 1856, and formed a partnership with
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to recover, primarily railroad assets, American securities of $ 5 million.
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The Twentieth Century Biographical Dictionary of Notable Americans...
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History of Saint Andrew's Society of the State of New York, 1756-1906
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On December 1, 1883, he retired and left the firm to his nephews,
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Kennedy was prominently connected during his life with New York
979:"John Stewart Kennedy Leaves More Than $ 25,000,000 to Charity"
639:, the home of Columbia University. The building is named after
484:, the Jekyl Island Club, and the New-York Historical Society.
449:(née Edgar) Baker and Cornelius Baker, one of the founders of
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Kennedy was also the President of the Board of Trustees of
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of Texas as well as a director, and vice-president, of the
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of which he helped reorganize after its 1870 bankruptcy.
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During his life Kennedy also funded the construction of
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Indianapolis, Cincinnati and Lafayette Railroad Company
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During his partnership with Jesup, he spent a year in
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he retired in 1867 and spent a year traveling abroad.
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International & Great Northern Railroad Company
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1224:"Images related to John S. (John Stewart) Kennedy"
954:"Archives Directory for the History of Collecting"
16:American businessman, financier and philanthropist
515:, president of the Charity Organization Society;
383:In 1872, Kennedy and Sir William John Menzies of
250:(January 4, 1830 – October 30, 1909) was a
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613:, and was at one time the Vice President of the
791:Saint Andrew's Society of the State of New York
46:Saint Andrew's Society of the State of New York
860:Dissertations in economic and business history
812:Johnson, Rossiter; Brown, John Howard (1904).
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632:, a full-sized replica of the first, in 1897.
535:; George A. Morrison; former President of the
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884:Engelbourg, Saul; Bushkoff, Leonard (1996).
708:National Cyclopaedia of American Biography
262:(also known as The Millionaires' Club) on
254:-born American businessman, financier and
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20:
1321:Presidents of the New York Public Library
856:"JS Kennedy and the city of Glasgow bank"
598:, Presbyterian Church Erection Fund, and
1316:People from Blantyre, South Lanarkshire
1301:Scottish emigrants to the United States
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643:; an American statesman and one of the
594:, Presbyterian Board of Home Missions,
818:Biographical Society. pp. 232–233
600:Presbyterian Hospital of New York City
596:Presbyterian Board of Foreign Missions
1311:19th-century American philanthropists
1276:Philanthropists from New York (state)
1271:American manufacturing businesspeople
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645:Founding Fathers of the United States
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1331:19th-century Scottish businesspeople
1326:19th-century American businesspeople
389:Scottish American Investment Company
297:While a child, his family moved to
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1291:Businesspeople from New York City
624:including the second painting of
372:, and served as president of the
783:Morrison, George Austin (1906).
630:Washington Crossing the Delaware
607:Robert College, Istanbul, Turkey
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892:Michigan State University Press
562:in July 1930 at the age of 96.
423:New York Life Insurance Company
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842:New International Encyclopedia
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578:gave away $ 30,000,000—
412:Bank of the Manhattan Company
651:, Columbia's original name.
615:New York Chamber of Commerce
1286:Businesspeople from Glasgow
437:In 1858, he was married to
427:United States Trust Company
370:New Jersey Central Railroad
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622:Metropolitan Museum of Art
592:Metropolitan Museum of Art
359:J.S. Kennedy & Company
1296:Scottish company founders
545:Louise Whitfield Carnegie
497:Bank of Manhattan Company
419:National Bank of Commerce
258:. He was a member of the
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1198:Columbia Daily Spectator
840:"John Stewart Kennedy".
525:Northern Pacific Railway
336:M.K. Jesup & Company
222:Businessman, financier,
626:Emanuel Gottlieb Leutze
611:New York Public Library
588:New York Public Library
582:of $ 2,500,000 each to
566:Philanthropy and legacy
491:in 1909 at his home, 6
456:He was a member of the
421:from 1887 to 1909, the
1306:Scottish Presbyterians
1281:American Presbyterians
1162:"Mr. Kennedy Bequests"
703:"John Stewart Kennedy"
505:Nicholas Murray Butler
264:Jekyll Island, Georgia
443:Elizabeth, New Jersey
1237:John Stewart Kennedy
1229:NYPL Digital Gallery
984:The Montreal Gazette
482:Atlantic Yacht Clubs
397:City of Glasgow Bank
342:Morris Ketchum Jesup
282:Kennedy was born at
248:John Stewart Kennedy
25:John Stewart Kennedy
1266:American financiers
1080:. November 12, 1933
1049:. December 19, 1930
683:. February 20, 1893
584:Columbia University
537:St. Andrews Society
523:, president of the
509:Columbia University
478:New York Yacht Club
458:Century Association
451:New York University
368:as receiver of the
272:William Rockefeller
1201:. November 1, 1909
1170:. November 7, 1909
1167:The New York Times
1139:The New York Times
1108:The New York Times
1077:The New York Times
1046:The New York Times
1018:. November 4, 1909
1015:The New York Times
987:. November 6, 1909
958:research.frick.org
931:The New York Times
793:. pp. 122–130
749:. November 1, 1909
746:The New York Times
680:The New York Times
658:is named for him.
656:Kennedy, Minnesota
641:Alexander Hamilton
533:J. Pierpont Morgan
517:Cleveland H. Dodge
513:Robert W. DeForest
320:He arrived in the
294:Stewart) Kennedy.
260:Jekyll Island Club
560:Bar Harbor, Maine
474:Union League Club
462:Metropolitan Club
408:Robert Elliot Tod
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159:(1909-10-30)
111:Succeeded by
88:
76:Succeeded by
53:
18:
1261:1909 deaths
1256:1830 births
551:and Eugene
392:companies.
346:partnership
330:New Orleans
268:J.P. Morgan
266:along with
175:Nationality
104:James Brand
99:Preceded by
64:Preceded by
1250:Categories
1146:August 23,
1115:August 23,
1084:August 23,
1053:August 23,
938:August 23,
901:0870134140
822:August 23,
797:August 23,
753:August 23,
662:References
628:'s famous
574:, and his
439:Emma Baker
278:Early life
219:Occupation
190:Emma Baker
137:1830-01-04
81:Bryce Gray
1205:August 7,
1022:August 7,
907:August 7,
572:charities
385:Edinburgh
230:Signature
208:Relations
93:1879–1882
89:In office
58:1884–1887
54:In office
1174:July 11,
991:July 11,
715:July 12,
687:July 11,
580:bequests
529:Seth Low
499:(son of
447:Ten Eyck
322:New York
288:Scotland
284:Blantyre
252:Scottish
214:(nephew)
179:American
168:New York
148:Scotland
144:Blantyre
353:Chicago
299:Glasgow
202:
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586:, the
553:Delano
326:Quebec
315:London
309:Career
185:Spouse
170:, U.S.
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1176:2010
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965:2016
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909:2019
896:ISBN
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799:2019
755:2019
717:2010
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576:will
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131:Born
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