Charles D. Barney
Encyclopedia
Charles Dennis Barney (July 9, 1844 – October 24, 1945) was an American
stockbroker and founder of Charles D. Barney & Co., one of the predecessors of the brokerage and securities firm Smith Barney
.
Barney was born in Sandusky, Ohio
, the son of a grain merchant. Barney attended the University of Michigan
in Ann Arbor, Michigan
when the American Civil War
broke out. Barney's older brother was killed and at the end of 1862, Barney was permitted by his family to enlist in the U.S Army. After the war, Barney worked briefly as a clerk at a bank in Sandusky.
After two years, Barney moved to Philadelphia, where he married Laura E. Cooke, the daughter of prominent Philadelphia financier Jay Cooke
, joining the firm of Jay Cooke & Company
Following the collapse of his father-in-law's Philadelphia banking house, in 1873, Barney reorganized the firm as Chas. D. Barney & Co. Barney's brother-in-law, Jay Cooke, Jr., joined the new firm as a minority partner.
Barney retired from day-to-day control of the firm in 1906 but remained involved through the 1930s. In 1938, Charles D. Barney & Co. and Edward B. Smith & Co. merged to form Smith Barney & Co.
Barney died in 1945 at the age of 101 at Elkins Park, Pennsylvania
near Philadelphia. At the time of his death, Barney was among the oldest living veterans of the American Civil War
.
Barney was a director of the Union League of Philadelphia.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
stockbroker and founder of Charles D. Barney & Co., one of the predecessors of the brokerage and securities firm Smith Barney
Smith Barney
Morgan Stanley Smith Barney is a retail brokerage joint venture between Morgan Stanley and Citigroup.On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney, which was formerly a division of...
.
Barney was born in Sandusky, Ohio
Sandusky, Ohio
Sandusky is a city in the U.S. state of Ohio and the county seat of Erie County. It is located in northern Ohio and is situated on the shores of Lake Erie, almost exactly half-way between Toledo to the west and Cleveland to the east....
, the son of a grain merchant. Barney attended the University of Michigan
University of Michigan
The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
in Ann Arbor, Michigan
Ann Arbor, Michigan
Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. The 2010 census places the population at 113,934, making it the sixth largest city in Michigan. The Ann Arbor Metropolitan Statistical Area had a population of 344,791 as of 2010...
when the American Civil War
American Civil War
The American Civil War was a civil war fought in the United States of America. In response to the election of Abraham Lincoln as President of the United States, 11 southern slave states declared their secession from the United States and formed the Confederate States of America ; the other 25...
broke out. Barney's older brother was killed and at the end of 1862, Barney was permitted by his family to enlist in the U.S Army. After the war, Barney worked briefly as a clerk at a bank in Sandusky.
After two years, Barney moved to Philadelphia, where he married Laura E. Cooke, the daughter of prominent Philadelphia financier Jay Cooke
Jay Cooke
Jay Cooke was an American financier. Cooke and his firm Jay Cooke & Company were most notable for their role in financing the Union's war effort during the American Civil War...
, joining the firm of Jay Cooke & Company
Jay Cooke & Company
Jay Cooke & Company was a U.S. bank from 1861 to 1873. It was the first brokerage house to use telegraph messages to confirm with clients the purchase and sale of securities. Headquartered in Philadelphia, Pennsylvania, it had branches in New York City and Washington, DC...
Following the collapse of his father-in-law's Philadelphia banking house, in 1873, Barney reorganized the firm as Chas. D. Barney & Co. Barney's brother-in-law, Jay Cooke, Jr., joined the new firm as a minority partner.
Barney retired from day-to-day control of the firm in 1906 but remained involved through the 1930s. In 1938, Charles D. Barney & Co. and Edward B. Smith & Co. merged to form Smith Barney & Co.
Smith Barney
Morgan Stanley Smith Barney is a retail brokerage joint venture between Morgan Stanley and Citigroup.On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney, which was formerly a division of...
Barney died in 1945 at the age of 101 at Elkins Park, Pennsylvania
Elkins Park, Pennsylvania
Elkins Park is an unincorporated community in Montgomery County, Pennsylvania, United States. It is split between Cheltenham and Abington Townships in the suburbs of Philadelphia, roughly from Center City, Philadelphia.-Points of interest:...
near Philadelphia. At the time of his death, Barney was among the oldest living veterans of the American Civil War
American Civil War
The American Civil War was a civil war fought in the United States of America. In response to the election of Abraham Lincoln as President of the United States, 11 southern slave states declared their secession from the United States and formed the Confederate States of America ; the other 25...
.
Barney was a director of the Union League of Philadelphia.