Almerindo Portfolio
Almerindo Portfolio | |
|---|---|
| Born | 1877 Schiavi di Abruzzo, Italy |
| Died | 1966 Gabriels, New York, USA |
| Nationality | Italian American |
| Occupation(s) | Businessman, New York City Treasurer |
Almerindo Portfolio (1877–1966), was treasurer of New York City under Mayor Fiorello LaGuardia.[1] An immigrant from Italy in 1888. [2] In 1908 he legally changed his name from Almerindo Porfilio.[3]
Portfolio rose from a $2-a-week messenger to the presidency of the Bank of Sicily and the head of a cloak & suit concern, which in 1924 he gave to six employees.[4] He also worked as a newspaper publisher, commodity trader, and investment banker.
Between 1917 and 1919 he paid 300,000 Lira ($1.5 million in 2006 US dollars[5]) to install the first electric service in his home town of Schiavi di Abruzzo, Italy. He later gave 50,000 Lira ($255,000 in 2006 US dollars[6]) for the town's water utilities.[7]
In 1940 Portfolio was a delegate to the Republican National Convention.[8] In 1945 he was a member of a joint committee of influential Italian Americans promoting Allied status for Italy in World War II.[9]
Portfolio died on January 25, 1966 at the age of 88, in Gabriels, in upstate New York, at a tuberculosis cure facility.[1]
See also
References
- ^ a b Almerindo Portfolio, 88, Dead; City Treasurer for La Guardia; Immigrant Built Fortune, Then Gave Business to Workers Headed Bank, www.nytimes.com, January 25, 1966
- ^ Porfilio Surname : Italian Immigration to America, www.lookupthe.name, on the ship SS Letimbro
- ^ Laws of the State of New York, Volume 2, By New York (State), 1909, Google Books
- ^ Radio: Cause, Jul. 10, 1939, www.time.com
- ^ Assuming that 300,000 lira in 1918 was equivalent to $47,600, based on a 6.3 lira per dollar exchange rate as reported by The Crisis of Liberal Italy By Douglas J. Forsyth, page 205, at a time when the average family annual income was $1,518 as reported by Economic and demographic indicators, United States, 1918–19, so the sum was 41 times average family annual income, and given that 2006 median family income was $48,800.
- ^ Ibid, 5.2 times average family annual income.
- ^ Schiavi di Abruzzo, Documenti e Storia, edited by L. Porfilio and P. Falasca, Marino Saolfanelli Publishers, 1994, ISBN 88-7497-621-6., Page 232.
- ^ New York Delegation to the 1940 Republican National Convention, www.politicalgraveyard.com
- ^ ITALIAN-AMERICANS ORGANIZE TO DEMAND ALLIED STATUS FOR ITALY, CIA Document, www.faqs.org, 4/6/1945
External links
- Reflections by Pasqualino Falasca, with permission of author, in Italian.