William S. Ladd: Difference between revisions
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==Early life== |
==Early life== |
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William Ladd was born to Nathaniel Gould Ladd and Abigail Kelley Mead on October 10, 1826, in [[Holland, Vermont]].<ref name=Oregon>Corning, Howard M. (1989). ''Dictionary of Oregon History''. Binfords & Mort Publishing. p. 138.</ref> Nathaniel was of English heritage and received his education at [[Dartmouth College]], becoming a physician, while Abigail was from [[New Hampshire]].<ref name=gaston>Gaston, Joseph. (1911). [https://books.google.com/books?id=v0gOAAAAIAAJ&pg=PA677&lpg=PA677&dq=%22charles+b+bellinger%22+oregon+judge&source=web&ots=ChZHVGeqUb&sig=HFvTZ7fhUNk0nob5ENUfRPmDGuQ#PPA675,M1 ''Portland, Oregon, Its History and Builders''.] Chicago: S.J. Clarke Pub. Co. pp. 517-20.</ref> When William was seven years old, the family moved to [[Tilton, New Hampshire|Sanborton Bridge, New Hampshire]], where he was educated in the local public schools and an academy.<ref name=gaston/> During the summers, he worked and at age 15 his father got him a job on a farm. William later worked on the family’s {{convert|58|acre|m2|sing=on}} farm before at age 19 beginning to work as a teacher in area schools.<ref name=gaston/> |
William Ladd was born to Nathaniel Gould Ladd and Abigail Kelley Mead on October 10, 1826, in [[Holland, Vermont]].<ref name=Oregon>Corning, Howard M. (1989). ''Dictionary of Oregon History''. Binfords & Mort Publishing. p. 138.</ref> Nathaniel was of English heritage and received his education at [[Dartmouth College]], becoming a physician, while Abigail was from [[New Hampshire]].<ref name=gaston>Gaston, Joseph. (1911). [https://books.google.com/books?id=v0gOAAAAIAAJ&pg=PA677&lpg=PA677&dq=%22charles+b+bellinger%22+oregon+judge&source=web&ots=ChZHVGeqUb&sig=HFvTZ7fhUNk0nob5ENUfRPmDGuQ#PPA675,M1 ''Portland, Oregon, Its History and Builders''.] Chicago: S.J. Clarke Pub. Co. pp. 517-20.</ref> When William was seven years old, the family moved to [[Tilton, New Hampshire|Sanborton Bridge, New Hampshire]], where he was educated in the local public schools and an academy.<ref name=gaston/> During the summers, he worked, and at age 15 his father got him a job on a farm. William later worked on the family’s {{convert|58|acre|m2|sing=on}} farm before at age 19 beginning to work as a teacher in area schools.<ref name=gaston/> |
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His father had earned his way through school, but was successful enough to pay for William to attend college.<ref name=gaston/> However, William decided to pay for his own way in life and did not attend college. He then began working for the [[Concord and Montreal Railroad|Boston, Concord & Montreal Railroad]] at a freight house in Sanborton Bridge.<ref name=gaston/> Ladd received several promotions and was briefly in charge of the company’s freight department before being returned to Sanborton Bridge.<ref name=gaston/><ref name="establishment">{{cite book|last=MacColl|first=E. Kimbark|title=The Growth of a City: Power and Politics in Portland, Oregon 1915-1950|year=1979|publisher=The Georgian Press|location=[[Portland, Oregon]]|isbn=0-9603408-1-5}}</ref> Disillusioned with the demotion, and spurred by reports from [[Samuel R. Thurston]] and a local shopkeeper who had returned with a large fortune, he decided to move west to work with Charles E. Tilton, a former classmate, who was involved in a mercantile business in [[San Francisco]].<ref name=gaston/><ref name="establishment" /> |
His father had earned his way through school, but was successful enough to pay for William to attend college.<ref name=gaston/> However, William decided to pay for his own way in life and did not attend college. He then began working for the [[Concord and Montreal Railroad|Boston, Concord & Montreal Railroad]] at a freight house in Sanborton Bridge.<ref name=gaston/> Ladd received several promotions and was briefly in charge of the company’s freight department before being returned to Sanborton Bridge.<ref name=gaston/><ref name="establishment">{{cite book|last=MacColl|first=E. Kimbark|title=The Growth of a City: Power and Politics in Portland, Oregon 1915-1950|year=1979|publisher=The Georgian Press|location=[[Portland, Oregon]]|isbn=0-9603408-1-5}}</ref> Disillusioned with the demotion, and spurred by reports from [[Samuel R. Thurston]] and a local shopkeeper who had returned with a large fortune, he decided to move west to work with Charles E. Tilton, a former classmate, who was involved in a mercantile business in [[San Francisco]].<ref name=gaston/><ref name="establishment" /> |
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Ladd left from [[New York City]] on February 27, 1851, and sailed to San Francisco, traveling over the [[Isthmus of Panama]].<ref name="establishment" /> Upon arriving in San Francisco and finding the San Francisco market was overstocked, he attempted to get Tilton to |
Ladd left from [[New York City]] on February 27, 1851, and sailed to San Francisco, traveling over the [[Isthmus of Panama]].<ref name="establishment" /> Upon arriving in San Francisco and finding the San Francisco market was overstocked, he attempted to get Tilton to partner with him in a venture to import goods to what was then the [[Oregon Territory]].<ref name="establishment" /> Tilton refused, due to the risk involved, so Ladd traveled north to Oregon on his own.<ref name=gaston/><ref name="establishment" /> |
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==Oregon== |
==Oregon== |
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Revision as of 14:07, 12 March 2018
William Sargent Ladd | |
|---|---|
 Ladd circa 1870 | |
| 5th Mayor of Portland, Oregon | |
| In office 1854–1855 | |
| Preceded by | Josiah Failing |
| Succeeded by | George W. Vaughn |
| 8th Mayor of Portland, Oregon | |
| In office 1857–1858 | |
| Preceded by | James O'Neill |
| Succeeded by | A. M. Starr |
| Personal details | |
| Born | October 10, 1826 Holland, Vermont |
| Died | January 6, 1893 (aged 66) Portland, Oregon |
| Political party | Democratic (1853–1864) Republican (1864–1893) |
| Spouse(s) | Caroline Ames Elliott 1827–1909 |
William Sargent Ladd (October 10, 1826 – January 6, 1893) was an American politician and businessman in Oregon. He twice served as Portland, Oregon’s mayor in the 1850s. A native of Vermont, he was a prominent figure in the early development of Portland, and co-founded the first bank in the state in 1859. Ladd also built the first brick building in Portland and was a noted philanthropist. Part of his former estate, the Ladd Carriage House, is on the National Register of Historic Places.
Early life
William Ladd was born to Nathaniel Gould Ladd and Abigail Kelley Mead on October 10, 1826, in Holland, Vermont.[1] Nathaniel was of English heritage and received his education at Dartmouth College, becoming a physician, while Abigail was from New Hampshire.[2] When William was seven years old, the family moved to Sanborton Bridge, New Hampshire, where he was educated in the local public schools and an academy.[2] During the summers, he worked, and at age 15 his father got him a job on a farm. William later worked on the family’s 58-acre (230,000 m2) farm before at age 19 beginning to work as a teacher in area schools.[2]
His father had earned his way through school, but was successful enough to pay for William to attend college.[2] However, William decided to pay for his own way in life and did not attend college. He then began working for the Boston, Concord & Montreal Railroad at a freight house in Sanborton Bridge.[2] Ladd received several promotions and was briefly in charge of the company’s freight department before being returned to Sanborton Bridge.[2][3] Disillusioned with the demotion, and spurred by reports from Samuel R. Thurston and a local shopkeeper who had returned with a large fortune, he decided to move west to work with Charles E. Tilton, a former classmate, who was involved in a mercantile business in San Francisco.[2][3]
Ladd left from New York City on February 27, 1851, and sailed to San Francisco, traveling over the Isthmus of Panama.[3] Upon arriving in San Francisco and finding the San Francisco market was overstocked, he attempted to get Tilton to partner with him in a venture to import goods to what was then the Oregon Territory.[3] Tilton refused, due to the risk involved, so Ladd traveled north to Oregon on his own.[2][3]
Oregon
Ladd arrived in Portland, Oregon on April 8, 1851, traveling on Pacific Mail Steamship Company's Columbia steamer.[3] He came with a small load of wine and liquor on consignment from Tilton, which he sold off at a small store, making $2000 in the first four months.[2][3][4] Immediately upon arriving, Ladd went into a bar owned by Colburn Barrell, who gave Ladd a free drink and a new pair of shoes, since his only shoes were in poor condition.[3] Barrell recalled liking Ladd immediately, and immediately became one of Ladd's best customers.[3]
The day after arriving in Portland, Ladd rented a small store at 42 Front Street and sent an order to Tilton for more liquor.[3] At that time, Portland contained 6-8 saloons and retail liquor stores, with approximately 30 retail stores.[3] One saloon had just received its first billiard table.[3] Ladd only grossed $41.40 in the last two weeks of April and was unable to pay the $6 property tax, instead exchanging several nights and mornings to remove two stumps from the street in lieu of payment.[3] Early May proved better for Ladd, selling a large amount of gin to Barrell, adding the local Skidmore's California House hotel and Ainsworth's Lot Whitcomb steamer as customers.[3] Ladd began to branch out, adding eggs, chickens, and other local goods to his liquor store.[3] He then earned $250 by selling goods from W. D. Gookin on consignment, adding shaving soap, tobacco, paper, farm tools, blasting powder to his store.[3] In August 1851, Ladd's gross sales were $1000.[3] In association with Gookin he continued in the mercantile business for several years.
W. S. Ladd & Company
In 1852 Ladd entered a silent partnership with Tilton.[4] and Ladd opened W. S. Ladd & Company in Portland, and was soon joined by his brother John Wesley Ladd.[2] William S. Ladd handled the wholesale trade, and 'Sim', Simeon Reed was "the best dressed bartender in early day Portland."[4]
Ladd erected the first brick building in the city in 1853, at 163 Front Street.[1][4]
In 1855, Ladd bought out Tilton, with Tilton returning east.[2] Ladd then made his brother a partner in his firm. In 1858, Tilton returned and after a slight delay re-joined Ladd.[2] Tilton would retire and leave the partnership in 1880. The company later become Ladd, Reed & Co. when Simeon Gannett Reed joined the business.[5] Reed’s wife Amanda had accompanied the future Mrs. Ladd out West.
The Ladd and Tilton Bank
W.S. Ladd with Tilton founded the Ladd and Tilton Bank, the first bank in Oregon, in April 1859.[1] Tilton left the running of it to Ladd. Under him it grew into a substantial enterprise, although Oregon did not have banking laws and regulations until 1907 and W. S. Ladd ran it without a board but invested its money in many successful enterprises during his lifetime.[6]
In 1867, Ladd along with Asahel Bush founded the Ladd and Bush Bank in Salem, Oregon.[7] Ten years later Bush would buy out Ladd and become the sole proprietor of the financial institution.[7] MacColl states that Ladd was equally generous and miserly, a conservative investor, and an adventurous and speculative trader.[4] Specifically, "he created his vast real estate holdings out of forfeited mortgages and defaulted loans."[4]
Other businesses
William Ladd and Simeon Reed would also partner in a variety of ventures, including a hobby farm where Reedville, Oregon now stands.[5]
Over the years Ladd would be a major player in the early economic development of Portland.[1] Investments or promotions included:
The Oregon Steam Navigation Company was formed In 1862 with Ladd as the second biggest investor, and Reed investing as well.[2]
The Oregon Furniture Manufacturing Company in 1874,
The Portland Flouring Mills Company in 1883,
The Portland Cordage Company in 1888,
The Portland Hotel in 1887.[2]
The Oregon Telegraph Company in 1862,
The Oregon Iron Company in 1864,
The Oregon Central Railroad Company in 1866,
The Idaho Telegraph Company in 1868.[1]
Ladd was also involved with agriculture. He owned farm land in Multnomah County and neighboring Washington and Clark counties.[2] He imported cattle, thoroughbred horses, hogs, and sheep for his Broad Mead farm.
In 1891, Ladd platted what became Ladd's Addition in what is now Southeast Portland. The Addition has a criss-crossed street layout, and had parks and utilities, and was annexed into Portland that year along with the rest of East Portland.[8]
Politics
In 1853 and again in 1856, Ladd served on the city council in Portland.[9] In between he was the fifth mayor of the city, serving from March 15, 1854, to April 1, 1855.[10] After serving the one-year term, he was out of office for two years before returning in 1857 for a second one-year term.[10]
In 1886, he was a member of the city’s water commission.
Originally a Democrat, he became a Republican in 1864 when he supported Abraham Lincoln’s re-election.[2]
Educational institutions and philanthropy
Ladd was one of the first people to contribute funds toward the creation of the Portland Library fund (now the Multnomah County Library) and for 22 years gave it space at an annual rent of one dollar on the second floor in the Ladd and Tilton Bank, above the banking floor,[11] until a purpose-built building was opened for it built by public subscription and generous benefactors.[12][2]
Ladd served as the president of the board of regents at the state’s agricultural college in Corvallis, now known as Oregon State University.[2]
He also endowed a chair at the state’s medical school in Portland (later Oregon Health & Science University).
He endoweded a scholarship at Willamette University in Salem.
He endowed a chair at the Presbyterian’s seminary in San Francisco in 1886.[13]
He was also a trustee and one of the largest donors to Albany Collegiate Institute, the forerunner of Lewis & Clark College. His philanthropy saved the fledgling college from closing in its early years.[14]
Ladd also helped to establish River View Cemetery in Portland.[2]
Family
In 1854 William arranged for his bride-to-be, Caroline Ames Elliott (18 March 1827 – 23 October 1909), with whom he had fallen in love back in New Hampshire.[2] to travel to San Francisco. She arrived there where Ladd met her, and they were married there on October 17, 1854. The couple arrived in Portland on November 6, 1854.
William and Caroline had five children surviving into adulthood):
- William Mead Ladd (1855–1931)
- Charles Elliott Ladd (1857–1920)
- Helen Kendall Ladd (1859–1936). Married Henry Jagger Corbett (1957–1895).
- Caroline Ames Ladd (1861–1946). Married Frederic Bayley Pratt (1865–1945).
- John Wesley Ladd (1870–1932)
(Myra Tilton Ladd (1865–1865) died as infant. Another child unnamed had died at birth in 1860). [15]
Ladd enthusiastically supported his wife Caroline's educational, charitable, and religious works and credited his success in life to her cooperation and sympathy.[16] Among her many charitable contributions she donated money to build the first purpose built Portland Art Museum on land left for that purpose with a bequest from her husband's business associate Henry W. Corbett, her daughter Helen's father-in-law.[17]
Residence
Ladd built his house and garden occupying the Portland city block bounded by what is now Jefferson, Broadway, Columbia and 6th Avenue (The Oregonian Building was later built on the site.[18] The Oregonian Building there was subsequently bought by Amazon's AWS Elemental formerly Elemental Technologies whose headquarters now occupies the building.[19]).
The Ladd Carriage House, which still stands (now occupied by The Raven and Rose restaurant next door to Ladd Tower), was built across the street on SW corner at Columbia and Broadway. It is listed on the National Register of Historic Places.
Infirmity and death
In the 1880s Ladd was suffering from a growing paralysis of his legs and had to steer a Bath chair pushed by an attendant for mobility, although once he was seated behind his desk visitors would not necessarily have known, and he continued his business and philanthropic activities with the aid of his eldest son, William M. Ladd.[20][16]
William S. Ladd died in Portland on January 6, 1893, at the age of 66. He was buried at River View Cemetery.[21]
His estate was variously believed to have been valued from $5 million[16] to as high as $10 million, including 4,000 acres (16 km2) in Tacoma and Portland.[1][4] The estate value was believed to be underestimated by one source due to the Panic of 1893.[4]
Ladd Acres Elementary in Reedville, Oregon (part of the Hillsboro School District) was built on the former land of Ladd and Reed’s farm in Washington County, with the school named in Ladd’s honor.[22]
See also
References
- ^ a b c d e f Corning, Howard M. (1989). Dictionary of Oregon History. Binfords & Mort Publishing. p. 138.
- ^ a b c d e f g h i j k l m n o p q r s t Gaston, Joseph. (1911). Portland, Oregon, Its History and Builders. Chicago: S.J. Clarke Pub. Co. pp. 517-20.
- ^ a b c d e f g h i j k l m n o p q MacColl, E. Kimbark (1979). The Growth of a City: Power and Politics in Portland, Oregon 1915-1950. Portland, Oregon: The Georgian Press. ISBN 0-9603408-1-5.
- ^ a b c d e f g h MacColl, E. Kimbark (November 1976). The Shaping of a City: Business and politics in Portland, Oregon 1885 to 1915. Portland, Oregon: The Georgian Press Company. OCLC 2645815.
- ^ a b Terry, John (July 6, 2003). "Oregon’s Trails: Reeds' desires, riches yield premier legacy of learning". The Oregonian.
- ^ The Ladd & Tilton bank was ultimately sold in 1924 to the US National Bank, after W.S. Ladd's death, during the tenure of his son William M. Ladd as president, when the bank was controlled by his brother-in-law Frederic B. Pratt.
- ^ a b "Oregon Biographies: Asahel Bush". The Oregon History Project. 2002. Archived from the original on March 25, 2013. Retrieved March 12, 2018.
{{cite web}}: Unknown parameter|dead-url=ignored (|url-status=suggested) (help) - ^ Barnett, Erin Hoover (May 27, 2007). "Southeast Portland, revisited". The Oregonian.
- ^ Scott, Harvey W. (1890). History of Portland, Oregon with Illustrations and Biographical Sketches of Prominent Citizens and Pioneers. Syracuse, N.Y.: D. Mason & Co. p. 198.
- ^ a b Mayors of Portland. City of Portland. Retrieved on February 6, 2008.
- ^ "At the Association's annual meeting in February 1869, W. S. Ladd presented it with a gift from the Ladd & Tilton Bank: a three-year lease for a suite of rooms on the second floor of the bank's new building at the south west corner of First and Stark streets. The rent – one dollar a year!". Central Library: Portland's Crown Jewel [now called the Multnomah County Library], Richard E. Ritz, The Library Foundation, Portland, Oregon, 2000.
This arrangement was to continue after the initial three years for a further 19. - ^ The new Portland Library Building with the Art Gallery on the second floor was opened June 7, 1893, on a half-block site on the south side of Stark Street, between Seventh Street (now Broadway) and Park street and designed by William Whidden. Central Library: Portland's Crown Jewel, Ritz.
- ^ Curry, James (1907). History of the San Francisco Theological Seminary of the Presbyterian Church in the U.S.A. and its Alumni Association. Vacaville, CA: Reporter Publishing Company. p. 15.
- ^ Ladd endowed it with H. W. Corbett in Portland April 5, 1883 (HWC archives. OHS)
- ^ Elliott. R. Corbett Archives and Ancestry.com
- ^ a b c Lansing, Jewel. "William S. Ladd (1826-1893)". The Oregon Encyclopedia. The Oregon Historical Society. Retrieved March 12, 2018.
- ^ Corbett donated in his will the property for the site of the first Art Museum Building together with an endowment for it. Caroline Elliott Ladd (Mrs. William S. Ladd) donated the funds for the construction of the building and the collection was installed there and it opened at SW Fifth and Taylor in 1905. The building was designed in Georgian classical style by Whidden & Lewis.
- ^ The Oregonian Building opened in 1948, designed by Pietro Belluschi.
- ^ Rogoway, Mike (April 27, 2016). "Elemental Technologies moving HQ to former Oregonian building, making room for several hundred employees". The Oregonian. Retrieved March 12, 2018.
- ^ William Mead Ladd of Portland Oregon. A biographical sketch by William L. Brewster with a forward by his son William Sargent Ladd of New York. Printed privately for the family in 1933, Metropolitan Press, Portland Oregon.
- ^ Historical Tour. River View Cemetery. Retrieved on March 12, 2018.
- ^ A Brief History of Ladd Acres. Hillsboro School District. Retrieved on February 8, 2008.
External links
- Mayors of Portland, Oregon
- Portland City Council members (Oregon)
- American bankers
- Oregon State University people
- 1826 births
- 1893 deaths
- Burials at River View Cemetery (Portland, Oregon)
- People from Orleans County, Vermont
- People from Tilton, New Hampshire
- American steel industry businesspeople
- Oregon Republicans
- Oregon Democrats
- Philanthropists from Oregon
- 19th-century American politicians
- Businesspeople from Portland, Oregon