Russell & Company
Samuel Russell founded Russell & Company in Canton, China, in 1824. Dealing mostly in silks, teas and opium, Russell & Company prospered, and by 1842, it had become the largest American trading house in China. Russell withdrew from the company in 1836 and returned to the United States. Briton Nichol Latimer, resident of Shanghai and the publisher of the North China Herald, the most influential British newspaper in China, was the manager of Russell & Company’s Shanghai Steam Navigation Co. until his death in 1865. The company retained market dominance until its closing in 1891.
Notable people of Russell & Company
- Warren Delano, Jr., the grandfather of Franklin Roosevelt (32nd President of the United States) served as the Chief of Operations of Russell and Company in Canton.
- Robert Bennet Forbes (1804–1889) was the head of Russell and Company.
- John Murray Forbes (1813-1898), brother of Robert Bennet Forbes and the great-granduncle of 2004 presidential candidate John Forbes Kerry.
- Abiel Abbot Low, founder of trading company A. A. Low & Brothers, served as a partner.
- William Henry Low, Abiel Abbot Low's uncle, senior partner of the firm.
- William Henry Low, Abiel Abbot Low's brother.
- Nichol Latimer, publisher of North China Herald and founder of Nichol Latimer and Co.. Latimer was manager of Russell & Company’s Shanghai Steam Navigation Co. until 1865.
- Augustine Heard, who later founded Augustine Heard & Company, a large trading house in China.
- Russell Sturgis, who later became head of Baring Brothers in London.
- John Cleve Green (1800-1875) Philanthropist - benefactor of Princeton University.
- He, Sibing (2011). Russell and Company in Shanghai, 1843-1891:U. S. Trade and Diplomacy in Treaty Port China. Hong Kong University. p. 11.
- King; Clarke, eds., Frank H. H.;Prescott (1965). A Research Guide to China Coast Newspapers, 1822-1911. East Asian Research Centre, Harvard University. pp. 77, 122–133.
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