Joseph Sampson
Encyclopedia
Joseph Sampson was a 19th-century American businessman and merchant. He was among the founding shareholders of Chemical Bank in 1823.
in 1794 and traced his lineage to Abraham Sampson who had come to Plymouth Colony
in 1629-1630 and also to original Pilgrim
s Miles Standish and John Alden
.
Sampson came to New York to work as an apprentice in the auction house of Boggs & Livingston founded in 1800. Sampson would work his way up through the firm which would later be renamed Thompson & Sampson in 1820 and then Joseph Sampson & Co. in 1830. This firm continued under different names into the 20th Century. Sampson was one of the founders of the Chemical Bank, subscribing to one tenth of the capital stock and asking to take more, but it was not thought wise to let any one hold more than that proportion. Already being a director of the Bank of Commerce, he did not serve as such in the Chemical Bank, but was always one of the leading advisers and directors of its policy, visiting it every day and consulting with its officers.
Sampson retired from business at a comparatively early age, but continued to take an active and leading part in the various companies and institutions with which he was connected as director. He was at the time of his death, in 1872, a director in the New York Life Insurance and Trust Company, the Bank of Commerce, the New York Gas Light Company, and the Eagle Fire Company, in most of which, if not in all, he was the largest stockholder.
In 1840, Sampson acquired to the house built by the banker Samuel Ward
III (father of Samuel Ward
IV) at the corner of Broadway and Bond Street. Sampson paid $70,000 for this property, leading John Jacob Astor
to remark that he "did not know that there was any one in New York who could afford to pay such a price for a residence".
Biography
Sampson was born in Plympton, MassachusettsPlympton, Massachusetts
Plympton is a town in Plymouth County, Massachusetts, United States. The population was 2,820 at the 2010 census. The United States senator William Bradford was born here.- History :Plympton was first settled in 1662 as the western parish of Plymouth...
in 1794 and traced his lineage to Abraham Sampson who had come to Plymouth Colony
Plymouth Colony
Plymouth Colony was an English colonial venture in North America from 1620 to 1691. The first settlement of the Plymouth Colony was at New Plymouth, a location previously surveyed and named by Captain John Smith. The settlement, which served as the capital of the colony, is today the modern town...
in 1629-1630 and also to original Pilgrim
Pilgrim
A pilgrim is a traveler who is on a journey to a holy place. Typically, this is a physical journeying to some place of special significance to the adherent of a particular religious belief system...
s Miles Standish and John Alden
John Alden
John Alden is said to be the first person from the Mayflower to set foot on Plymouth Rock in 1620. He was a ship-carpenter by trade and a cooper for Mayflower, which was usually docked at Southampton. He was also one of the founders of Plymouth Colony and the seventh signer of the Mayflower Compact...
.
Sampson came to New York to work as an apprentice in the auction house of Boggs & Livingston founded in 1800. Sampson would work his way up through the firm which would later be renamed Thompson & Sampson in 1820 and then Joseph Sampson & Co. in 1830. This firm continued under different names into the 20th Century. Sampson was one of the founders of the Chemical Bank, subscribing to one tenth of the capital stock and asking to take more, but it was not thought wise to let any one hold more than that proportion. Already being a director of the Bank of Commerce, he did not serve as such in the Chemical Bank, but was always one of the leading advisers and directors of its policy, visiting it every day and consulting with its officers.
Sampson retired from business at a comparatively early age, but continued to take an active and leading part in the various companies and institutions with which he was connected as director. He was at the time of his death, in 1872, a director in the New York Life Insurance and Trust Company, the Bank of Commerce, the New York Gas Light Company, and the Eagle Fire Company, in most of which, if not in all, he was the largest stockholder.
In 1840, Sampson acquired to the house built by the banker Samuel Ward
Samuel Ward (banker)
Samuel Ward was a United States banker.-Biography:His father was also named Samuel Ward. The father was a soldier in the Continental Army during the American Revolutionary War, and a merchant afterwards...
III (father of Samuel Ward
Samuel Ward
Samuel Ward was a farmer, politician, colonial Governor of the Colony of Rhode Island and Providence Plantations, and a delegate to the Continental Congress. The son of an earlier Rhode Island Governor, Richard Ward, he was well educated as he grew up in a large Newport, Rhode Island family...
IV) at the corner of Broadway and Bond Street. Sampson paid $70,000 for this property, leading John Jacob Astor
John Jacob Astor
John Jacob Astor , born Johann Jakob Astor, was a German-American business magnate and investor who was the first prominent member of the Astor family and the first multi-millionaire in the United States...
to remark that he "did not know that there was any one in New York who could afford to pay such a price for a residence".