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The
Mechanics' and Farmers' Bank of Albany's first charter expired in 1833 and the second charter expired in 1853, upon which the bank closed up its affairs and the stockholders received 115% besides their stock in the new bank, which renewed the charter for twenty years and went into operation again
703:"FREDERIC P. OLCOTT, FINANCIER, IS DEAD. He Was ex-President of the Central Trust Company and Once Controller of the State DEATH FOLLOWS A SHOCK He Reorganized Many Tottering Railroads--Flowers and Fast Trotters His Hobbies--Died on His Farm"
249:. In 1817 he became cashier, and in June 1836, he was made fifth president of the bank. In 1855, the Mechanics' and Farmers' Savings Bank was incorporated with Olcott as the first president. While at the bank, he helped the
338:, the fourth school of its kind organized in the United States. In 1855, he was elected president of the board and continued in that role until his death in 1880. He served as president of the first board of directors of
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Thomas Worth Olcott Jr. (1821–1873), who married Lucia Marvin Fowler in 1844. After her death in 1850, he married
Harriet M. Leonard in 1853. After her death in 1861, he married Emeline McClure (1839–1909) in
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that was funded by his widow, Blandina
Bleecker Dudley, and to which Olcott and his sons donated the Olcott Meridian Circle. He was also president of the Albany Agricultural and Arts Association, president of
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After two years as a clerk in the
Columbia Bank of Hudson, he was given a clerkship in the Mechanics' and Farmers' Bank of Albany when it was formed on July 29, 1811, as the third bank incorporated in
378:
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Captain Daniel Pepoon and Levina Phelps, His First Wife; Elizabeth James, His Second Wife: A Partial Record of Their
Descendants and Notes Regarding Their Ancestors
268:), and was a trustee of the Sinking Fund Commission which was appointed to settle the bonds issued by the city of Albany to fund the construction of the railroad.
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became the first governor to reside in the house when he rented it in 1875, and the state purchased it two years later. Today, his Albany home is known as the
226:. Among his siblings were younger brothers Theodore Olcott and Horatio Josiah Olcott, president of the Cherry Valley Bank. Among his extended family was uncle
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Through his eldest son Thomas, he was a grandfather of Thomas Worth Olcott III (1856–1938), who served as
Secretary and Treasurer of Union Railway Co.
759:
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Genealogies of the State of New York: A Record of the
Achievements of Her People in the Making of a Commonwealth and the Founding of a Nation
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482:, having previously operated as a state bank. In 1868, the bank again was chartered under state banking laws, abandoning the national system.
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Early
Settlers of New York State: Their Ancestors and Descendants, Volu: Their Ancestors and Descendants, Volumes I-VI (PART II - iv-vi)
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style for himself and his family. During the 1860s, the residence was extensively remodeled by Robert L. Johnson, its second owner.
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He was educated in the schools in Hudson before beginning his career as a clerk in the
Columbia Bank of Hudson.
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Josiah Olcott and
Deborah Worth, His Wife: A Record of Their Descendants and Notes Regarding Their Ancestors
407:(1838–1919), who also served as president of the Mechanics' and Farmers' Bank of Albany but did not marry.
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On August 17, 1818, Olcott was married to Caroline Dwight Pepoon (1797–1867), the daughter of Elizabeth (
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Olcott's wife died on March 12, 1867. He died on March 23, 1880, in Albany and was buried in the
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760:"THOMAS OLCOTT, 82, STREET CAR OFFICIAL; Ex-Secretary and Treasurer of Union Railway Co. Dies"
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by furnishing $ 100,000 for its use. Upon his death, he was succeeded as president by his son
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196:(May 22, 1795 – March 23, 1880) was an American banker who served as president of the
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Alexander Olcott (1829–1887), who married Catherine Amanda Mallory in 1856.
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Theodore Olcott (1828–1907), who married Ann Hazleton Maynard in 1856.
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In 1851, he became vice-president of the first board of directors of
212:. He was the eldest child of Josiah Olcott (1760–1860) and Deborah (
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570:. New York: Lewis Historical Publishing Company. pp. 133–137
478:, the bank closed up its affairs and organized in 1865 under the
413:(1841–1909), who married Mary Esmay, a daughter of Isaac Esmay.
330:. Olcott is seated directly behind (to the left) of Mrs. Dudley
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in Albany and were the parents of eleven children, including:
288:. After 1860 and for the remainder of his life he was a
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which he declined. He also refused the nomination for
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Hudson-Mohawk Genealogical and Family Memoirs, Vol. I
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Dudley Observatory Dedication on August 28, 1856, by
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Mary Marvin Olcott (1826–1892), who died unmarried.
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John Josiah Olcott (1823–1899), who died unmarried.
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595:. Lewis Historical Publishing Company. p. 115
218:Worth) Olcott (1773–1846). His father was born in
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436:In 1856, he had a large home constructed in the
359:, and president of Albany Cemetery Association.
815:Empire State Plaza & New York State Capitol
758:TIMES, Special to THE NEW YORK (20 July 1938).
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377:. Together, they had a well known mansion on
292:. He ran for Congress once but was defeated.
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276:In early life, and up to 1860, Olcott was a
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262:Albany and West Stockbridge Railroad Co.
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260:Olcott also served as president of the
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811:"The New York State Executive Mansion"
655:. Press of B.H. Tyrrel. pp. 39–40
306:offered him the position as the first
198:Mechanics' and Farmers' Bank of Albany
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32:Mechanics' and Farmers' Bank of Albany
448:and is the official residence of the
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876:19th-century American businesspeople
208:Olcott was born on May 22, 1795, in
474:with the same officers. During the
373:James) Pepoon and Daniel Pepoon of
739:. Press of B.H. Tyrrel. p. 89
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446:New York State Executive Mansion
232:president of City National Bank
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675:"Dudley Olcott, Albany Banker"
511:. Heritage Books. p. 27.
1:
589:Bergen, Tunis Garret (1915).
264:(which later merged into the
881:New York (state) Republicans
866:People from Hudson, New York
505:Foley, Janet Wethy (1934).
351:, trustee and president of
222:and his mother was born in
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886:New York (state) Democrats
328:Tompkins Harrison Matteson
308:Controller of the Currency
266:Boston and Albany Railroad
787:"Isaac G. Perry Archives"
733:Rathbone, Albert (1940).
649:Rathbone, Albert (1937).
564:Reynolds, Cuyler (1911).
375:Pittsfield, Massachusetts
312:New York State Controller
301:Secretary of the Treasury
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871:American bank presidents
353:Albany Academy for Girls
622:"A VETERAN BANKER DEAD"
429:Descendants and legacy
411:Frederic Pepoon Olcott
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220:Stratford, Connecticut
126:Caroline Dwight Pepoon
419:Albany Rural Cemetery
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450:governor of New York
234:from 1844 and 1856.
183:Deborah Worth Olcott
144:; died
837:Thomas Worth Olcott
194:Thomas Worth Olcott
86:Thomas Worth Olcott
765:The New York Times
711:The New York Times
683:. 29 December 1919
680:The New York Times
627:The New York Times
357:The Albany Academy
340:Dudley Observatory
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280:and member of the
518:978-0-7884-3712-0
480:National Bank Act
423:Menands, New York
379:Ten Broeck Street
344:Charles E. Dudley
336:Albany Law School
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30:President of the
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295:In 1863, while
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841:Find a Grave
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318:Philanthropy
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110:(1880-03-23)
96:May 22, 1795
62:Succeeded by
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861:1880 deaths
856:1795 births
50:Preceded by
850:Categories
820:2021-08-10
796:2021-08-10
771:20 October
743:20 October
718:20 October
687:21 October
659:20 October
634:20 October
599:21 October
574:21 October
524:21 October
456:References
438:Italianate
290:Republican
251:Erie Canal
204:Early life
92:1795-05-22
476:Civil War
224:Nantucket
178:Parent(s)
156:Relations
55:Ezra Ames
44:1836–1880
40:In office
278:Democrat
172:Frederic
167:Children
490:Sources
162:(uncle)
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255:Dudley
241:Career
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121:Spouse
706:(PDF)
461:Notes
386:1863.
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773:2021
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689:2021
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513:ISBN
146:1867
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105:Died
82:Born
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