Savage & Dugan
| Industry | Shipping and insurance |
|---|---|
| Headquarters | York Street, Philadelphia |
Key people | John Savage (1765-1834), Joseph Dugan (1766-1845) |
Savage & Dugan was a Philadelphia shipping and underwriting company.
Savage and Dugan operated ships ranging from Philadelphia to Puerto Rico, with a wide range of cargo needed in the early 19th century.[1] As businessmen, they invested in the early unsuccessful Philadelphia-based National Bank.[2]
The firm was operated by John Savage and Joseph Dugan. John Savage was born in Kingston Jamaica and was the son of William Savage and Jane Cooper (Demetris), marrying Jane Allen White.[3] Savage started business in Philadelphia as a grocer in 1791 with a shop on 324 South Front Street. In 1794 he had an established underwriter and merchant business. The practice of the time was for multiple companies to insure a fraction of a ship's value. Savage & Dugan started with the ship Nancy with nine other underwriters in 1794. By 1797 the company was creating policies on entire ships with fees as high as 7.5% percent of the value of the ship charged per trip from Philadelphia to Les Cayes, noting the hazard of sea travel at the time. By 1803 Savage had founded the Philadelphia Insurance Company.[4] Philadelphia sailor Commodore Joshua Barney and his son-in law Nathaniel F. Williams named the town of Savage, Maryland after John Savage. Barney's son-in law Cumberland Dugan Barney was named after Joeseph Dugan.[5] Joseph Dugan became a director in the Bank of the United States in 1816, which John Savage regularly purchased stock from. He retired to 10 Portico Square in Philadelphia.[6]
John Savage's son John Savage Jr. retired to a house on the Northwest corner of Eleventh and Spruce by 1846, with a net worth of $200,000. His niece married into the Pleasonton family.[6][7] Augustus J. Pleasonton succeeded the partners, followed by Frank S. Pleasonton[8]
On 25 March 1799, the brig Liveley sailed out of Philadelphia en route to Puerto Rico captained by Micheal Alcorn. It was captured by the French privateer L'Alliance captained by Dupuy on 15 April 1799. The ship was condemned in Basseterre, Guadeloupe with a total loss of cargo which consisted of flour, copper, stills, lard, soap, candles, onions, cheese, oil, razor strops, and bags. A court case claimed the brig had a commission from the President to capture French armed vessels. The ship was insured for $7,000 and John Cadwalader Jr, and Frank S. Pleasonton, heirs to Savage and Dugan sued France for the amount in 1909, over 100 years after the incident.[9]
The same year, the 209 ton cargo ship Stranger owned by Cornelius Coolidge was captured by the French with Savage & Dugan cargo lost.[10]
In 1803 they had offices at 91 South Third Street and by 1806 they were located at Compting House at York Court.[11]
Ships
[edit]| Ship name | Type | Year Built | Fate |
|---|---|---|---|
| Hope[12] | 157 ton Cargo - Captain Frencis Edmonston | In service with coffee cargo 1799 | |
| Liveley | 114 ton six gun Brig value $4,000 - Captain Alcorn | 1789 - Philadelphia | Captured 15 April 1799 by the Captain Dupuy's L'Alliance [13] |
| Sally and Betsey | Brig - Captain Worth | Captured on 8 January 1800, Condemned at Guadeloupe | |
| Amelia | Cargo Brig fitted with 14 fake wooden guns - Captain James R. Callender | Captured in 1800 near Strait of Gilbralter by L'Adolphe and La Belle Poule | |
| Hannah | 218 ton Cargo Brig - Captain James Yeardsley | Portsmouth, Virginia | In service 1804 with a cargo of Cashew Nuts from Kingston, Jamaica |
| Susanna[14] | Brig - Captain Sammeul Casson | In service 1811 |
References
[edit]- ^ Thomas Sergeant, William Rawle. Reports of Cases Adjudged in the Supreme Court of Pennsylvania, Volume 11. p. 64.
- ^ Walter Lowrie. American State Papers: Documents, Legislative and Executive Volume 3. p. 374.
- ^ Thomas Sully (1922). Catalogue of the Memorial Exhibition of Portraits. The Pennsylvania Academy of the Fine Arts.
- ^ Christopher Kingston (2009). Marine Insurance in Philadelphia during the Quasi-War with France, 1795-1801. p. 10.
- ^ a b Congressional Edition, Volume 2168. p. 132.
- ^ a b AUTO-BIOGRAPHY OF SOME OF THE WEALTHY CITIZEINS OF PHILADELPHIA, WITH A FAIR ESTIMATE OF THEIR ESTATES— FOUNDED UPON A KNOWLEDGE OF FACTS. WITH AN APFExNDIX: CONTAINING PARTICULAR ACCOUNTS OF THE LIVES OF STEPHEN GIRARD, JACOB RIDGWAY, and OBED COLEMAN, OBTAINED FROM AUTHENTIC SOURCES. BY A MERCHANT OF PHILADELPHIA. BOOKSELLER'S. 1846.
- ^ Charles Morris. Men of the Century, an Historical Work: Giving Portraits and Sketches. p. 300.
- ^ United States. Congress. Congressional edition, Volume 6757. p. 393.
- ^ United States Congressional Serial Set. p. 214.
- ^ Greg H. Williams. The French Assault on American Shipping, 1793-1813. p. 330.
- ^ "1803 directory". Retrieved 9 September 2014.
- ^ "Ship Hope". Retrieved 3 September 2014.
- ^ Greg H. Williams. The French Assault on American Shipping, 1793-1813. p. 221.
- ^ Peter Arrell Brown. Reports of Cases Adjudged in the Court of Common Pleas Volume 2. p. 178.