William L. Bull Explained

Office:President of the New York Stock Exchange
Term Start:1888
Term End:1890
Predecessor:James D. Smith
Successor:Watson B. Dickerman
Birth Name:William Lanman Bull
Birth Date:23 August 1844
Birth Place:New York City, U.S.
Death Place:New York City, U.S.
Alma Mater:College of the City of New York
Party:Republican
Children:3

William Lanman Bull Sr. (August 23, 1844 – January 2, 1914) was an American banker who served as president of the New York Stock Exchange.

Early life

Bull was born on August 23, 1844, in New York City. He was the seventh child and youngest son of Frederic Bull and Mary Huntington (née Lanman) Bull.[1] Among his siblings were Elizabeth Atwater Bull (wife of merchant Augustus Oscar van Lennep),[2] [3] Frederic Bull, and Anna Chester Bull.[4]

His paternal grandparents were Elizabeth (née Atwater) Bull and Jireh Bull (a descendant of Rhode Island Governor Henry Bull) and his maternal grandparents were Peter Lanman and Abigail (née Trumbull) Lanman (a sister of U.S. Representative and Connecticut governor Joseph Trumbull). Through his mother, he was a first cousin of scholar Charles Rockwell Lanman.[4]

After receiving a preparatory education, he studied at the College of the City of New York, where he graduated in 1864.[1]

Career

After graduation, Bull began his business career by joining Edward Sweet & Co., a banking house founded in 1854 (with offices at the southwest corner of Wall and Broad Street) where his brother-in-law was the senior partner. In 1867, he became a partner, a position he held uninterruptedly for over forty-five years. The prominent firm became known as "a Vanderbilt and Rockefeller house" and E. H. Harriman did business for the firm when he was a broker. Bull served as a director of several companies, including the Northern Pacific Railway, the East Tennessee, Virginia and Georgia Railway, the New York, Susquehanna and Western Railway, and the Atchison, Topeka and Santa Fe Railway.[1]

In 1869, Bull joined the New York Stock Exchange and was "one of fifty brokers who secured his membership for $1,000 a piece when the Stock Exchange was consolidated with the gold board." He later became a member of the Exchange's board of governors and in May 1888, he was elected president of the Exchange,[5] and served two terms until he was succeeded by Watson B. Dickerman in 1890.

He retired from business in 1908. Shortly after his death, Edward Sweet & Co., which was then at 34 Pine Street, was dissolved and its business taken over by Chandler Brothers & Co. of New York and Philadelphia. Sweet partner Lewis E. Waring became a partner in Chandler, although his fellow partners Frederic Bull (his son) and Louis Livingston (his daughter-in-law's brother) did not.[6]

Personal life

On February 15, 1871, Bull was married to Sara Newton "Tasie" Worthington. Tasie was the daughter of prominent businessman and inventor Henry Rossiter Worthington and Sara Jane (née Newton) Worthington (a daughter of Admiral Newtown of the U.S. Navy).[1] Together, they resided at 805 Fifth Avenue and were the parents of:

He was a member of the Chamber of Commerce, the Society of Mayflower Descendants, the American Museum of Natural History, the Metropolitan Museum of Art, the New-York Historical Society, the Sons of the American Revolution, the New York Zoological Society.[17] He was affiliated with the Century Association, Grolier Club, Union Club, Metropolitan Club, Republican Club, Ardsley Club, Church Club, City Club, Midday Club, Alpha Delta Phi, Manhattan Society, and the Phi Beta Kappa honorary fraternity.[1]

Bull died of heart disease on January 2, 1914, at his residence in New York.[18] [19] After a funeral at Grace Church, he was buried in the family vault in Green-Wood Cemetery in Brooklyn.[20]

Notes and References

  1. Book: Cutter . William Richard . New England Families, Genealogical and Memorial: A Record of the Achievements of Her People in the Making of Commonwealths and the Founding of a Nation . 1913 . Lewis Historical Publishing Company . 145–147 . 13 January 2020 . en.
  2. Book: Adam . Thomas . Buying Respectability: Philanthropy and Urban Society in Transnational Perspective, 1840s to 1930s . 2009 . . 978-0-253-00284-6 . 134–135 . 13 January 2020 . en.
  3. Book: Schmidt . Jan . From Anatolia to Indonesia: Opium Trade and the Dutch Community of Izmir, 1820–1940 . 1998 . Nederlands Historisch-Archaeologisch Instituut te Istanbul . 978-90-6258-083-5 . 103, 128, 130 . 13 January 2020 . en.
  4. Book: Stone . Don Charles . The Lanman Family: The Descendants of Samuel Landman of Boston, Massachusetts, 1687, with Data on the Boylston Family in England and America . 1968 . 13 January 2020 . en.
  5. News: A Well-Named President.; William L. Bull Elected by the Stock Exchange Regulars. . 13 January 2020 . . 16 May 1888.
  6. Banking, Financial and Legislative News . . December 12, 1914 . XCIX . 1728 . 13 January 2020 . National News Service . en.
  7. News: TIMES . Special to THE NEW YORK . Frederic Bull, 77, Mining Ex-Official . 13 January 2020 . . 2 October 1948.
  8. Book: Who's Who in New York City and State . 1914 . L.R. Hamersly Company . 101 . 13 January 2020 . en.
  9. News: SUSAN FISH DRESSER WEDS FREDERIC BULL; Quiet Ceremony at Home of Bride . 13 January 2020 . . 8 December 1926.
  10. News: Times . Special to The New York . HENRY W. BULL, 84, EX-TURF CLUB HEAD . 13 January 2020 . . 8 August 1958.
  11. News: $5.8 Million Will Decided . 13 January 2020 . San Pedro News-Pilot . 4 September 1964 . 3.
  12. Web site: Miller . Tom . Daytonian in Manhattan: The Henry W. Bull House – 171 East 62nd Street . daytoninmanhattan.blogspot.com . Daytonian in Manhattan . 13 January 2020 . September 8, 2017.
  13. News: Times . Special to The New York . Bull -- Livingston. . 13 January 2020 . . 7 December 1904.
  14. News: Died . 13 January 2020 . . 25 June 1912.
  15. News: W. LANMAN BULL, JR. WEDS. Took Miss Matilda E. Heppenheimer to Wife Two Weeks Ago. . 13 January 2020 . . 23 February 1904 . 1.
  16. News: BULL-HEPPENHEIMER . 13 January 2020 . . 23 February 1904.
  17. News: WILLIAM L. BULL, FINANCIER, DEAD. Former President of Stock Exchange Was Also Patron of Art . 13 January 2020 . . 3 January 1914 . 5.
  18. News: Died . 13 January 2020 . . January 4, 1914 . en.
  19. News: WILLIAM L. BULL DIES FROM HEART DISEASE. Was Prominent Banker and Broker and for Three Years President of Stock Exchange . 13 January 2020 . . 3 January 1914 . 3.
  20. News: William L. Bull's Funeral . 13 January 2020 . . January 5, 1914 . en.