Alfrederick Smith Hatch Explained

Alfrederick Hatch
Term Start:1883
Term End:1884
Predecessor:Frederick N. Lawrence
Successor:J. Edward Simmons
Birth Name:Alfrederick Smith Hatch
Birth Date:24 July 1829
Birth Place:Vermont
Resting Place:Sleepy Hollow, Westchester County, New York
Nationality:American
Occupation:Investment banker
Parents:Horace Hatch
Mary Yates Smith

Alfrederick Smith Hatch (July 24, 1829 – May 13, 1904) was an American investment banker who founded Fisk & Hatch along with Harvey Fisk. Hatch was the President of the New York Stock Exchange from 1883 to 1884.[1]

Life

Hatch was born in Vermont to Horace Hatch (1788–1873) and Mary Yates Smith (1798–1859).[2]

In March 1862, Hatch and Harvey Fisk began a finance and insurance company called, Fisk & Hatch. The company initially focused almost exclusively in government bonds. Both men were short on capital at the time and relied on $15,000 worth of loans from family and friends. Hatch and Fisk found success as sub-agents for Jay Cooke & Company, popularizing and selling millions of dollars in government war securities in New York and New England. The two quickly became the front rank of bond dealers.[1]

In 1871, Hatch commissioned a portrait of his family at his house on Park Avenue and 37th Street. In 1872, he donated a building he owned on 316 Water Street to Jerry McAuley and his wife, Maria.[3] [2] [4] McAuley used the building to established a rescue mission for homeless men called the "Helping Hand for Men". This establishment would later become the New York City Rescue Mission.

Hatch was the President of the New York Stock Exchange from 1883 to 1884.[3] [5]

Death

Hatch died on May 13, 1904, at the age of 74.

Notes and References

  1. Book: Salvador A. Ramirez. The Inside Man: The Life and Times of Mark Hopkins of New York, Michigan, and California. 2007. Salvador A. Ramirez. 978-0-615-28315-9. 753–.
  2. Book: Metropolitan Museum of Art (New York, N.Y.). John K. Howat. Natalie Spassky. 19th-century America: Paintings and Sculpture: An Exhibition in Celebration of the Hundredth Anniversary of the Metropolitan Museum of Art, April 16 Through September 7, 1970. 1970. Metropolitan Museum of Art. 978-0-87099-006-9. 144–.
  3. Book: Metropolitan Museum of Art (New York, N.Y.). American Paintings: A Catalogue of the Collection of the Metropolitan Museum of Art. 1965. Metropolitan Museum of Art. 978-0-87099-439-5. 225–.
  4. Book: Lee M. Edwards. Domestic Bliss: Family Life in American Painting, 1840-1910. 1986. Hudson River Museum. 18–. GGKEY:RGJYX4BZ64G.
  5. Book: James R. Hansen. A Difficult Par: Robert Trent Jones Sr. and the Making of Modern Golf. 8 May 2014. Penguin Publishing Group. 978-0-698-15700-2. 387–.