Edward Cabot Clark
Edward Cabot Clark (December 19, 1811 – October 14, 1882) was an American businessman and lawyer.[1] He was a founder of the Singer Sewing Machine Company, along with his business partner Isaac Merritt Singer.[2]
Together, they began investing in real estate in the 1870s. They built The Dakota, an apartment house at 72nd Street and Central Park West in New York City. This building was completed in 1884 and was the place where John Lennon was shot in 1980.
In 1835, Clark married Caroline Jordan (1815–1874), and they had Alfred Corning Clark as their child. Alfred was the father of Stephen Carlton Clark and Edward Severin Clark.
In 1856, Clark created the hire-purchase plan, which was the first American installment plan.[3][4][5]
References
- ^ "The Clarks of Cooperstown" New York Times article. Retrieved August 4, 2015.
- ^ Official website of the Singer Sewing Company Retrieved August 4, 2015.
- ^ "Isaac Merritt Singer". PBS. Retrieved August 4, 2015.
- ^ http://www.singerdirect.co.uk/singer-history.htm
- ^ Weber, Nicholas F. The Clarks of Cooperstown: Their Singer Sewing Machine Fortune, Their Great and Influential Art Collections, Their Forty-Year Feud. New York: Alfred A. Knopf, 2007.
Further reading
- Weber, Nicholas Fox. The Clarks of Cooperstown: Their Singer Sewing Machine Fortune, Their Great and Influential Art Collections, Their Forty-year Feud (Alfred A. Knopf, 2007).
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