Jeremiah Milbank
Encyclopedia
Jeremiah Milbank American businessman, was a successful dry goods
commission merchant, speculator in Texas
territorial bonds, manufacturer, and railroad investor. His most successful business efforts were the New York Condensed Milk Company (1857, renamed the Borden Company in 1899) which he co-founded with inventor Gail Borden
and the Chicago, Milwaukee and St. Paul Railway (1876) where he was a member of the executive committee of the Board of Directors. Milbank was a founder and president of the board of trustees of the Madison Avenue Baptist Church
at 31st. Street, New York City, and trustee of the baptist Rochester Theological Seminary (University of Rochester
). The city of Milbank, South Dakota
, which is the seat of Grant County, was founded in 1880 and named in his honor. Among other interests, Milbank owned a box at the Metropolitan Opera
.
, the eleventh child of Samuel (1775–1853) and Elizabeth Wall Milbank. He married Elizabeth Lake (1827–1891), the daughter of banker Joseph Lake of New York and Greenwich, CT on May 11, 1847. At the time of his death on June 1, 1884, his fortune was estimated at $32 million, one-half of which he bequeathed to his son Joseph and the remainder to his daughter Elizabeth Milbank Anderson
(Mrs. A.A. Anderson) and his granddaughter, Eleanor Milbank Anderson (1878–1959). Milbank was interred in the Milbank Mausoleum, Putnam Cemetery
, Greenwich, Connecticut
.
Dry goods
Dry goods are products such as textiles, ready-to-wear clothing, and sundries. In U.S. retailing, a dry goods store carries consumer goods that are distinct from those carried by hardware stores and grocery stores, though "dry goods" as a term for textiles has been dated back to 1742 in England or...
commission merchant, speculator in Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
territorial bonds, manufacturer, and railroad investor. His most successful business efforts were the New York Condensed Milk Company (1857, renamed the Borden Company in 1899) which he co-founded with inventor Gail Borden
Gail Borden
Gail Borden, Jr. was a 19th century U.S. inventor, surveyor, and publisher, and was the inventor of condensed milk in 1853.- Early years :...
and the Chicago, Milwaukee and St. Paul Railway (1876) where he was a member of the executive committee of the Board of Directors. Milbank was a founder and president of the board of trustees of the Madison Avenue Baptist Church
Madison Avenue Baptist Church
Madison Avenue Baptist Church was first chartered in 1848 as Rose Hill Baptist Sunday School and Church, on East 30th Street between Third and Lexington Avenues. Rose Hill was a house church with twelve members...
at 31st. Street, New York City, and trustee of the baptist Rochester Theological Seminary (University of Rochester
University of Rochester
The University of Rochester is a private, nonsectarian, research university in Rochester, New York, United States. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The university has six schools and various interdisciplinary programs.The...
). The city of Milbank, South Dakota
Milbank, South Dakota
Milbank is a city in Grant County, South Dakota, along the South Fork of the Whetstone River. The population was 3,353 at the 2010 census. It is the county seat of Grant County. In 1925 The American Legion Department of South Dakota established a new program for high school aged youth that grew...
, which is the seat of Grant County, was founded in 1880 and named in his honor. Among other interests, Milbank owned a box at the Metropolitan Opera
Metropolitan Opera
The Metropolitan Opera is an opera company, located in New York City. Originally founded in 1880, the company gave its first performance on October 22, 1883. The company is operated by the non-profit Metropolitan Opera Association, with Peter Gelb as general manager...
.
Biography
Milbank was born April 18, 1818, at 51/2 Bancker Street, New York CityNew York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, the eleventh child of Samuel (1775–1853) and Elizabeth Wall Milbank. He married Elizabeth Lake (1827–1891), the daughter of banker Joseph Lake of New York and Greenwich, CT on May 11, 1847. At the time of his death on June 1, 1884, his fortune was estimated at $32 million, one-half of which he bequeathed to his son Joseph and the remainder to his daughter Elizabeth Milbank Anderson
Elizabeth Milbank Anderson
Elizabeth Milbank Anderson , philanthropist and advocate for public health and women's education, was the daughter of Jeremiah Milbank , a successful commission merchant, manufacturer and investor, and Elizabeth Lake...
(Mrs. A.A. Anderson) and his granddaughter, Eleanor Milbank Anderson (1878–1959). Milbank was interred in the Milbank Mausoleum, Putnam Cemetery
Putnam Cemetery
Putnam Cemetery is a non-sectarian cemetery located in Greenwich, Connecticut. It is affiliated with adjacent Saint Mary's Cemetery, which is a Catholic cemetery. The cemetery is located in a quiet residential neighborhood and is the final resting place of several notable people...
, Greenwich, Connecticut
Greenwich, Connecticut
Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2010 census, the town had a total population of 61,171. It is home to many hedge funds and other financial service companies. Greenwich is the southernmost and westernmost municipality in Connecticut and is 38+ minutes ...
.