- Sabin W. Colton
Sabin Woolworth Colton, Jr. (
March 18 ,1847 , Philadelphia,Pennsylvania –January 29 ,1925 , Bryn Mawr, Pennsylvania) was an American investor. He was the only private individual to ever own a chair on both the Philadelphia andNew York Stock Exchange s.He became an office boy in 1862 at a stock brokerage, later became a clerk there. While a clerk there bought his own chair on the
Philadelphia Stock Exchange . His expertise was in underwriting the establishment ofutility companies in exchange for stock in those companies.He retired in 1910, having built a spacious family house, Longmeadow, in
Gladwyne, Pennsylvania , and an elegant Arts & Crafts-style summer house, Faraway, on Eastern Point of Greening Island,Maine .
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