Joshua Green (businessman)

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For other individuals by this name, see Joshua Green.
Joshua Green as a young man.

Joshua Green (October 16, 1869 – January 24, 1975[1]) was an American sternwheeler captain, businessman, and banker. He rose from being a seaman to being the dominant figure of the Puget Sound Mosquito Fleet, then sold out his interests and became a banker.[1][2][3] Living to the age of 105 and active in business almost to the end of his life, he became an invaluable source of information about the history of Seattle and the Puget Sound region.[1][2][3] According to Nard Jones, Green was one of the city of Seattle's last fluent speakers of Chinook Jargon, the pidgin trade language of the Pacific Northwest.[4]

Life and career[edit]

George E. Starr. According to Green, "this was a faithful little boat".

Born in Mississippi, Joshua came with his family to the Puget Sound of region Washington in 1886 at the age of 17. The family formed a connection with Seattle mayor Bailey Gatzert, who helped Green begin his career. He worked as a chainman, surveying for the Seattle, Lake Shore and Eastern Railway, then on the sternwheeler Henry Bailey, a Puget Sound Mosquito Fleet vessel that also went up the Skagit River.[3]

In late 1889, using a $5,000 loan from Seattle banker Jacob Furth, an associate of Gatzert's, Green and three fellow officers of the Henry Bailey purchased their own sternwheeler,[2][3] the Fanny Lake[3] (or Fannie Lake[2]). Bill Speidel describes it as "…a funny little thing… She looked like a scow with a big box, topped by a smaller box, topped by a deluxe model outhouse."[5]

Green's innovative business practices[6] soon allowed him to become a fleet owner, president of what was named the La Conner Trading and Transportation Company.,[3] owning some rather more elegant vessels, such as the sidewheeler George E. Starr.[7] He established Seattle's dominance of the Mosquito Fleet, relative to Olympia or Tacoma,[8] which Speidel considers to be a key factor in Seattle's emerging and continued dominance of the Puget Sound region.[2] He continued to be a master and captain, serving on several of his own company's sternwheelers.[3]

The company survived several ship fires, as well as the Depression that followed the Panic of 1893, then prospered greatly in the Klondike Gold Rush, transporting miners and their gear to Alaska. Green continued to invest his profits. In 1903 he merged his firm with Charles E. Peabody's Alaska Steamship/Puget Sound Navigation Company, soon brought the Mosquito Fleet to a new level. Ships were retrofitted to be able to carry automobiles, notably for the Seattle-Bremerton route.[3] From 1913, the company was known as the Puget Sound Navigation Company.[1][9]

The Stimson-Green House, Joshua Green's home from 1914 until the end of his life.

In 1925, Green purchased the distressed Peoples Savings Bank for US$200,000, and in 1927,[1][3] believing that the rise of the automobile limited the future of Puget Sound area water transport,[1][9] he resigned from the Puget Sound Navigation Company to dedicate himself fully to banking.[3] Puget Sound Navigation would continue to dominate Puget Sound transportation until it was bought out in 1951 by the state of Washington, as the centerpiece of Washington State Ferries.[1][3]

He changed the name of the bank to Peoples Bank and Trust Co,[1][3] later People's National Bank of Washington.[10] With branch banking not allowed at the time, he began or acquired several other banks as wholly owned subsidiaries. In 1949, when he passed the presidency of the bank to his son Joshua Jr., deposits stood at $128 million. By 1969, when Joshua Green turned 100, deposits had reached $400 million. In 1988, the bank was purchased by U.S. Bancorp and renamed it U.S. Bank of Washington.[1][3]

Joshua Green died at age 105 in 1975.[1][3]

Legacy and honors[edit]

Joshua Green Building.

In 1968 Seattle named Green its "man of the century."[10] A mountain and river in Alaska are named after him.[10]

In 1966 the Joshua Green Fountain, by renowned sculptor George Tsutakawa, was installed at the entry to Washington State Ferries' facility on the Seattle waterfront.

The Stimson-Green House, Green's residence after 1914, is listed on the National Register of Historic Places[10] and has city landmark status.[11] Green made few alterations to the 1899 house, and lived there until his death, making it one of the few First Hill mansions to survive largely intact to the present time.[10] The house is now owned by the Washington Trust for Historic Preservation and is available for events.[12]

The Joshua Green Building, 1425 Fourth Avenue, Seattle, has city landmark status.[13] Still owned and managed by the Joshua Green Corporation,[14][15] the 1914 building[16] is undergoing major renovations in 2008–2009.[14]

The Joshua Green Foundation is focused on major capital campaigns of 501 (c)(3) non-profit organizations headquartered and operating in the Seattle/King County area, primarily private secondary and higher education, social services and the arts.[17]

His family continues his business interests as the Joshua Green Corporation / Green Family Enterprises, operating numerous retail properties in the region and in Spokane, Washington,[18] as well as investing in "banking and insurance," and "diversified portfolios of managed equities." Reflecting Green's interests as a sportsman,[10] they also own several manufacturers of fly fishing equipment.[19]

Notes[edit]

  1. ^ a b c d e f g h i j The Green Family in Seattle, Joshua Green Corporation. Accessed 2009-10-16. Much of article is verbatim identical to James R. Warren's article on HistoryLink, which it credits.
  2. ^ a b c d e Speidel, Bill (1989). Through the Eye of the Needle. USA: Nettle Creek. ISBN 0-914890-04-2. , pp. 34–39, 55, 60, 62.
  3. ^ a b c d e f g h i j k l m n James R. Warren, Green, Joshua (1869-1975), HistoryLink, September 27, 1999. Accessed 2009-10-16.
  4. ^ Jones, Nard (1972). Seattle. Garden City, New York: Doubleday. p. 97. ISBN 0-385-01875-4. .
  5. ^ Speidel (1989), p. 35.
  6. ^ Speidel (1989), p. 36–37.
  7. ^ Newell, Gordon R., ed., H.W. McCurdy Marine History of the Pacific Northwest, at 14, 67, n.2, 87, 99, 184 n.4, Superior Publishing, Seattle, WA 1966 ISBN 0-87564-220-9
  8. ^ Speidel (1989), p. 37.
  9. ^ a b "MetropoLIST 150: The 150 Most Influential People in Seattle/King County History". Seattle Times. Retrieved 2007-12-25. 
  10. ^ a b c d e f Stimson-Green House, National Park Service. Accessed online 2009-10-16.
  11. ^ Council Bill Number: 97973 / Ordinance Number: 106068, City of Seattle Legislative Information Service, introduced/referred: December 6, 1976, passed: December 13, 1976. Accessed online 2009-10-16.
  12. ^ Stimson Green Mansion, official site. Accessed online 2009-10-16.
  13. ^ Council Bill Number: 116218 / Ordinance Number: 122778, City of Seattle Legislative Information Service, introduced/referred: May 19, 2008, passed: September 8, 2008. Accessed online 2009-10-16.
  14. ^ a b News, The Joshua Green Building. Accessed 2009-10-16.
  15. ^ Lynn Porter, Real Estate Buzz: After 100 years, Joshua Green gets redo, Daily Journal of Commerce (Seattle), July 10, 2008. Reproduced on the site of the Joshua Green Building. Accessed 2009-10-16.
  16. ^ Clarence Bagley, History of Seattle from the Earliest Settlement to the Present Time, Volume 2, The S.J. Clarke Publishing Company, 1916, p. 640.
  17. ^ Foundation Guidelines, Joshua Green Corporation. Accessed 2009-10-16.
  18. ^ Properties, Joshua Green Corporation. Accessed 2009-10-16.
  19. ^ Home page, Joshua Green Corporation. Accessed 2009-10-16.

Further reading[edit]