Forrest F. Dryden Explained

Forrest F. Dryden
Office:2nd President of Prudential Insurance Company
Term Start:1912
Term End:1922
Predecessor:John F. Dryden
Successor:Edward Dickinson Duffield
Birth Name:Forrest Fairchild Dryden
Birth Date:December 26, 1864
Birth Place:Bedford, Ohio, U.S.
Death Place:Bernardsville, New Jersey, U.S.
Parents:John F. Dryden
Cynthia J. Fairchild Dryden
Children:3
Education:Newark Academy
Phillips Academy
Signature:Signature of Forrest Fairchild Dryden (1864–1932).png

Forrest Fairchild Dryden (December26, 1864 – July20, 1932) was the president of Prudential Insurance Company of America (now Prudential Financial) from 1912 until 1922. Prudential was founded by his father, John F. Dryden, who was also a United States senator, representing New Jersey.

Early life

Dryden was born in Bedford, Ohio on December26, 1864. He was the son of John Fairfield Dryden (1839–1911) and Cynthia Jennings (née Fairchild) Dryden (1842–1916). His father, John F. Dryden was the founder and the president of Prudential Insurance Company. His sister, Susan married Anthony R. Kuser. Their son, John Dryden Kuser, Dryden's nephew, was a state senator and Brooke Astor's first husband.

Dryden attended Newark Academy and later Phillips Academy at Andover.

Career

He started working for Prudential Insurance Company in 1888. He became superintendent of the Prudential office in Elizabeth New Jersey in 1889. He joined the board of directors and assumed the duties as assistant secretary in 1890. Later that year he was selected to be secretary of the company. During his father's service as U.S. Senator for New Jersey, Forrest Dryden acted as president of Prudential. Dryden was promoted to third vice president in 1903, second vice president in 1906 and vice president in 1911.

Upon his father's death in 1912, he succeeded him to become president of Prudential. He continued on as president of Prudential until his resignation in 1922 due to ill health, reportedly arising from his "examination before the Lockwood Committee at the hands of Samuel Untermyer."[1] He was succeeded by Prudential's general solicitor and the then acting president, Edward Dickinson Duffield,[2] who had been with the firm since 1906.[1]

Affiliations

Dryden was a member of the New Jersey National Guard Essex Troop. During his time there, he was the chief commissary on the Major General Staff. He held the rank of lieutenant colonel. He was member of the New Jersey State Rifle Association. He was a member of the Newark Board of Trade. He was also a director of many organizations, including the Public Service Corporation of New Jersey, the Union National Bank of Newark, the South Jersey Gas, Electric and Traction Company and the United States Casualty Company of New York.

Personal life

In 1890, Dryden married Grace Marion Carleton (1865–1936), daughter of Isaac N. Carleton, at her family home in Bradford, Massachusetts.[3] Together, they were the parents of three children, including:

He died at his home in Bernardsville, New Jersey, on July20, 1932, due to heart disease.[7] [8]

Legacy

The Dryden family estate, known as Stronghold, was located in Bernardsville on Bernardsville Mountain. It became the home of Miss Gill's School in 1940 which later became known as Gill St. Bernard's School in 1956. It is currently owned by fashion mogul Marc Ecko.[9]

Further reading

External links

Notes and References

  1. News: Dryden Out as Head of Prudential Life; Poor Health Causes Resignation of President of Insurance Company Since 1912. Lockwood Quiz is Blamed; Examination by Untermyer Aggravated Illness, Say Friends--Duffield Succeeds, Him. . 2023-07-01 . . 15 August 1922 . B33.
  2. Book: The Standard . August 26, 1922 . Standard Publishing . 331 . 20 May 2019 . en.
  3. Current Items . The Insurance Times . 1890 . 410 . 20 May 2019 . English & Wilmshurst . en.
  4. Book: The New England Historical and Genealogical Register . 1947 . . 622 . 20 May 2019 . en.
  5. News: Miss Dorothy Dryden to Wed Newcombe Chandler Baker . 20 May 2019 . . 16 Feb 1919 . en.
  6. News: Paid Notice: Deaths Sloan, Marion Baker . 2023-07-01 . . 20 April 2000 . B11.
  7. News: Forrest F. Dryden, Financier, is Dead; Former Head of the Prudential Insurance Company, Which Was Founded by His Father. Active in Jersey Utilities Also Served on Board of Newark Public Library - Was Long Active in National Guard. . . July 20, 1932 . 2023-07-01 . 15 . subscription . Bernardsville, N. J. . 1932-07-19 . Forrest Fairchild Dryden, president of the Prudential Insurance Company of America, of Newark, N. J., from 1912 to 1922, and a figure in the investigation of insurance and banking conditions in New York by the Lockwood committee in 1921, died today of heart disease at his home here in his sixty-eighth year..
  8. News: Forrest Dryden Dies. Headed Prudential Co. . Fairchild Dryden. former president of the Prudential Insurance Company, died at his home, Stronghold, Claremont Road. He was 67 years old and had been in .... . July 20, 1932 . 2010-04-02 .
  9. Web site: Napoliello. Alex. 2015-04-06. The history behind Marc Ecko's $18M Bernardsville estate (PHOTOS). 2021-11-27. NJ.com. en.