William Keyser

From Wikipedia, the free encyclopedia
Jump to: navigation, search

William Keyser (November 23, 1835 – June 3, 1904) was an executive of the Baltimore and Ohio Railroad (B&O) and the Baltimore Copper Company.

Youth and education[edit]

Keyser was born in Baltimore, Maryland on November 23, 1835, the son of Samuel Stouffer Keyser and Elizabeth Wyman Keyser. He was educated at various private schools in Baltimore, and entered St. Timothy's Academy in Catonsville, Maryland in 1846. He and his twin brother, Samuel, remained there until 1850, when their father's declining health and weakening financial situation made it necessary for the boys to leave school. Samuel eventually moved to New York City to make his way in business there, while William stayed in Baltimore to manage his father's warehouses.

In 1857, William formed a partnership with his other brother, Irvine Keyser under the name "Keyser Brothers". He was active in the firm, as well as the Abbott Iron Co. and the Baltimore Copper Company, throughout the 1860s.

On November 11, 1858, he married Mary (Mollie) Brent, daughter of the well-known Baltimore lawyer, Robert Brent. They had three children who lived to adulthood: Robert Brent Keyser, Henry Irvine Keyser, and Mathilde Lawrence Keyser.

B&O[edit]

In 1870, William Keyser became involved with the Baltimore and Ohio Railroad, taking a position as second vice-president during the term of its president, John Work Garrett. The town of Keyser, West Virginia was named for him While at the B&O, he was instrumental in labor negotiations during the 1871 and 1877 railroad workers strikes. In 1881, Keyser left the B&O. His action was precipitated by Garrett's decision to promote his son, Robert Garrett, over Keyser.

Copper[edit]

Keyser next ventured into copper manufacturing. In 1882, the court appointed him to oversee the financial affairs of Pope and Cole, a local copper processor. The company had declared bankruptcy, and Keyser, as one of their largest creditors, had a vested interest in seeing them regain solvency. His association with Pope and Cole piqued his interest in the copper industry. He eventually reestablished Pope & Cole as the Baltimore Copper Company and purchased the Baltimore Smelting and Rolling Company. His entry into copper production allowed him to amass a fortune larger than if he had stayed with the railroad.

Philanthropy[edit]

Keyser put his money to many philanthropic uses. He donated funds for a hall at Hannah More Academy in Reisterstown, and was instrumental in the founding of the JHU Homewood campus. Material in the Keyser-Wyman Papers recounts his association with his cousin, William Wyman, who donated a large portion on the land, and their efforts on behalf of the University.

Before his death in June, 1904, Keyser was appointed a member of the Citizens' Emergency Committee which was charged with developing a plan for rebuilding the downtown after the calamitous Baltimore fire of February 1904. The Committee prepared street and dock improvement plans, which were adopted.

Keyser died suddenly at his summer home, Brentwood, on June 3, 1904. His wife, Mollie, and three children survived him; Mollie Keyser later died on October 29, 1911.

Sources[edit]

  • Source, Johns Hopkins University, Keyser-Wyman Papers 1800-1968