James Boorman Colgate

James Boorman Colgate (1818-1904), son of William Colgate, was an American financier. He was born in New York City and received his first training in the house of Boorman, Johnston, and Company. He later established the banking house of Trevor and Colgate, afterward known as J. B. Colgate and Company. His extensive loans to the federal government during the financial crisis of 1873 contributed materially to the reestablishment of confidence both in the United States and the markets of Europe. He was one of the founders of the New York Gold Exchange and was for several years its president. As trustee of Colgate (formerly Madison) University, he for 30 years made almost annual donations to that institution, the development of which is due chiefly to his constant care and valuable advice. New International Encyclopedia

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