Individual Details
Albert Edward PUTNAM
(3 Apr 1842 - 9 Jul 1985)
[v13t2652.FTW]
Albert Edward Putnam lived during his youth in New York City, Brooklyn and Yonkers, where he was educated in the common schools. He did not go to college, but while still in his teens went into business in Wall Street, becoming, on the 4th of December, 1873, a member of the New York Stock Exchange (for tweny-two years). He continued in business as a banker and stockbroker until his death, at which time he was one of the oldest members of the Stock Exchange. In 1864, he formed a partnership in the banking and brokerage business with his brother-in-law, David M. Morrison, now President of the Washington Trust Company of New York, under the firm name of Morrison and Putnam. Later, both of these men were connected with the brokerage firm of Putnam and Earl, but for some years during the latter part of his life, Mr. Putnam carried on the brokerage business alone. A successful and popular broker, he enjoyed the respect of his fellow members of the New York Stock Exchange, and during his membership he amassed a comfortable fortune.
In 1868, shortly after his marriage, he moved to Spuyten Duyvil, a suburb of New York City, and in 1893 he moved into a house which he had built for himself at 16 West 77th Street, New York, which he occupied until his death. While living at Spuyten Duyvil, he became interested in real estate, purchasing large amounts of land both in Spuyten Duyvil and in the sdjoining town of Kingsbridge, much of which he owned at the time of his death. As he improved the land in Kingsbridge with buildings, it may be said that the erection of a good part of the present town was due to him. He was also interested in Lake Placid, Essex County, New York, a town in the Adirondacks, where he spent several summers, and it was largely due to his efforts that funds were raised for the erection of the Episcopal Church at Lake Placid, called "St. Eustace by the Lakes," although he did not live to see it built. With Mr. John H. Prall of New York City, he purchased in 1894, White Face Mountain, one of the highest peaks in the Adirondacks, with the idea of building a railroad to the summit, similar to that on Mt. Washington, New Hampshire, but he died before this object was accomplished.
At the time of the Civil War he was a member of the 7th Regiment, National Guard, New York, which went to the front at the time of the Battle of Gettysburg. Later he participated in the draft riots in New York City.
He was a man of fine character, noble and generous in disposition, and of high standing in the community in which he lived. Through intermarriages in the family, he bears the distinction of being directly descended from all of the three sons of the original settler, John Putnam.
Albert Edward Putnam lived during his youth in New York City, Brooklyn and Yonkers, where he was educated in the common schools. He did not go to college, but while still in his teens went into business in Wall Street, becoming, on the 4th of December, 1873, a member of the New York Stock Exchange (for tweny-two years). He continued in business as a banker and stockbroker until his death, at which time he was one of the oldest members of the Stock Exchange. In 1864, he formed a partnership in the banking and brokerage business with his brother-in-law, David M. Morrison, now President of the Washington Trust Company of New York, under the firm name of Morrison and Putnam. Later, both of these men were connected with the brokerage firm of Putnam and Earl, but for some years during the latter part of his life, Mr. Putnam carried on the brokerage business alone. A successful and popular broker, he enjoyed the respect of his fellow members of the New York Stock Exchange, and during his membership he amassed a comfortable fortune.
In 1868, shortly after his marriage, he moved to Spuyten Duyvil, a suburb of New York City, and in 1893 he moved into a house which he had built for himself at 16 West 77th Street, New York, which he occupied until his death. While living at Spuyten Duyvil, he became interested in real estate, purchasing large amounts of land both in Spuyten Duyvil and in the sdjoining town of Kingsbridge, much of which he owned at the time of his death. As he improved the land in Kingsbridge with buildings, it may be said that the erection of a good part of the present town was due to him. He was also interested in Lake Placid, Essex County, New York, a town in the Adirondacks, where he spent several summers, and it was largely due to his efforts that funds were raised for the erection of the Episcopal Church at Lake Placid, called "St. Eustace by the Lakes," although he did not live to see it built. With Mr. John H. Prall of New York City, he purchased in 1894, White Face Mountain, one of the highest peaks in the Adirondacks, with the idea of building a railroad to the summit, similar to that on Mt. Washington, New Hampshire, but he died before this object was accomplished.
At the time of the Civil War he was a member of the 7th Regiment, National Guard, New York, which went to the front at the time of the Battle of Gettysburg. Later he participated in the draft riots in New York City.
He was a man of fine character, noble and generous in disposition, and of high standing in the community in which he lived. Through intermarriages in the family, he bears the distinction of being directly descended from all of the three sons of the original settler, John Putnam.
Events
| Birth | 3 Apr 1842 | New York, USA | |||
| Death | 9 Jul 1985 | New York, USA | |||
| Occupation |  | ||||
| Reference No | PG |
Families
| Father | Albert PUTNAM (1799 - 1869) |
| Mother | Elizabeth Cheever PUTNAM (1795 - ) |