Ellwood Walter (businessman) explained

Ellwood Walter
Birth Name:Ellwood Walter
Birth Date:16 August 1803
Birth Place:Philadelphia, Pennsylvania, U.S.
Death Place:Bronx, New York, U.S.
Nationality:American
Occupation:Insurance, underwriting, marine insurance

Ellwood Walter (August 16, 1803 – May 7, 1877) was president of the Mercantile Mutual Insurance Company[1] in New York City for 28 years. The Mercantile Mutual Insurance Company was organized in April 1844. He was also secretary of the New York Board of Marine Underwriters since 1849.[2]

Early life

Born in Philadelphia, Pennsylvania to a Quaker family.[3] In his early life, he was an editor of a weekly newspaper, The Ariel: A Literary and Critical Gazette, published in Philadelphia.[4] [5]

Career

In 1827 Walter started and edited a newspaper in Philadelphia which was a weekly.[6]

By 1845 Walter was secretary of the Mercantile Mutual Insurance Company in New York. In 1847 he became a Vice president, and in 1853 he became its president.[6] Walter had been associated with the Mercantile Mutual Insurance Company for 28 years.[7] Walter was secretary of the New York Board of Marine Underwriters.[8]

The New York pilot-boat Ellwood Walter, No. 7 was named after Walter.[9] [10] The ship carried cargo between Boston Massachusetts and New York.[11]

In October 1861, Walter became a trustee of the Nautical School for the harbor of New York.[12]

On May 14, 1871, Walter was elected as Vice-President of the New York Seamen's Association.[13] In 1876, there was an act to authorize the transfer of the property of the New York Seamen's Association to the American Seamen's Friend Society and to dissolve the New York Seamen's Association.[14]

Walter was described as a man of "distinguished presence" and "great personal dignity" who had for his time "considerable wealth".[3] Walter was one of the leading members of the Quaker mercantile community.

Death

On May 7, 1877, at the age of 75, Walter died at his residence in Englewood, New Jersey.[15] He was buried at the Quaker Cemetery in Brooklyn, New York.[16]

Post death

The Mercantile Mutual Insurance company went out of business in 1880.[17]

Notes and References

  1. News: The Mercantile Mutual Insurance Company . July 20, 2020 . Madison Wisconsin Daily State Journal . April 10, 1862.
  2. Book: Cargo, Brig Lilla & . The United States, Libellants, Vs. Brig Lilla & Cargo: Circuit Court of the United States in a Cause of Prize . 1863 . Alfred Mudge & Son . en.
  3. Book: A Victorian gentlewoman in the Far West; the reminiscences of Mary Hallock Foote . 64 . The Huntington Library . Mary Hallock Foote . 1972 .
  4. Book: The Dangers of Sailing in High Latitudes . The Ariel: A Literary Gazette, Volumes 1–2 . 130 . Ellwood Walter . 1827 . October 25, 2019 .
  5. Book: The Week – Ellwood Walter . The Baltimore Underwriter: A Monthly Publication Devoted to the Interest Of Insurance. 802 . BOMBAUG H & RANSOM PUBLISHERS AND PROPRIETORS No 3 POST OFFICE AVENUE BALTIMORE . 1877 . October 25, 2019.
  6. News: Obituary Elwood Walter . July 20, 2020 . Philadelphia Inquirer . May 9, 1877.
  7. The United States Insurance Gazette and Magazine, edited by G. E. Currie, November 1, 1868, to May 1, 1869
  8. Book: Pilots The World Of Pilotage Under Sail and Oar by Tom Cunliffe . WoodenBoat . 2001 . 9780937822692 . November 7, 2019.
  9. News: May 16, 1853 . The Pilot-Boat Elwood Walter, No. 7. The New York Times. New York. July 16, 2020 .
  10. News: April 30, 1853 . Launch Of A Pilotboat . New York Daily Herald. New York City . July 16, 2020 .
  11. News: Arrived . July 20, 2020 . New York Times . October 30, 1861.
  12. Annual Report of the Chamber of Commerce of the State of New York, 1861–62, Page 21
  13. Minutes of Board of Apportionment of the City and County of New York, 1871, page 154
  14. Book: LIST OF GENERAL ORDERS . Documents of the Senate of the State of New York, Volume 6 . 12 . JEROME B PARMENTER STATE PRINTER. 1876 . July 16, 2020 .
  15. The Interests of Insurance in All Its Branches, January–June 1877, page 302
  16. News: Elwood Walter. The New York herald. New York, N.Y.. May 8, 1877. 10. September 9, 2020.
  17. The Weekly Underwriter: An Insurance Newspaper, Index to Volume One Hundred and six, January 7, 1922, to June 24, 1922