James B. Mabon | |
---|---|
President of the New York Stock Exchange | |
In office May 1912 – May 1914 | |
Preceded by | Ransom H. Thomas |
Succeeded by | Henry George Stebbins Noble |
Personal details | |
Born | James Brown Mabon July 16, 1865 New Brunswick, New Jersey |
Died | March 10, 1941 New York City, New York, U.S. | (aged 75)
Spouse |
Elise Howell Smith (
m. 1898) |
Children | 5 |
James Brown Mabon (July 16, 1865 – March 10, 1941) was an American banker who served as president of the New York Stock Exchange.
Mabon was born in New Brunswick, New Jersey on July 16, 1865. [1] A son of Emiline ( née Deas) Mabon and the Rev. Dr. William Van Vranken Mabon, a professor at the New Brunswick Theological Seminary. [2] Among his siblings was the Rev. Dr. Arthur Mabon, [3] and John Scott Mabon, Elisabeth Van Vranken Mabon, William Van Vranken Mabon, George Deas Mabon, and the Rev. Samuel Cliffton Mabon. [4] [5]
He began his career as an office boy with Brown Brothers, staying with them for many years before he formed a brokerage firm with his co-worker and close friend, William M. Kingsley, known as Kingsley, Mabon & Co., with offices at 45 Wall Street. Kingsley later retired from the firm and became chairman of the board of the United States Trust Company. [1]
From May 1912 to May 1914, he served as president of the New York Stock Exchange, where he became a member in 1891. [6] He served on most of the important committees of the Exchange in a period of twenty-nine years, and at various times was chairman and trustee of the gratuity fund, director and president of the New York Quotation Company, and director of president of the New York Stock Exchange Safe Deposit Company. [7] In 1912, he was questioned by Samuel Untermyer during the Pujo Committee's money trust investigation. [8]
On April 5, 1929, he resigned as a governor of the Exchange (where he had served since 1900), and in September 1931, after forty years on the Exchange, he sold his seat to Rudolph Nadel, who became a partner in Mabon & Co. [7] At the time of his death, he was the senior partner of Mabon & Co. [1] (later Mabon, Nugent & Co. and Mabon Securities Corp.) [9] and one of the oldest trustees of the Bank of New York. [10]
On January 6, 1898, Mabon was married to Elise Howell Smith (1875–1961) at the Collegiate Church at West End and 77th Street in New York. Smith, a daughter of Judge Abel I. Smith, was a member of the Colonial Dames of America. They lived at 420 Park Avenue in Manhattan and had a country home in Norfolk, Connecticut. [2] Together, they were the parents of:
His portrait was painted by S. Seymour Thomas in 1922. [18]
Mabon died suddenly of a heart attack at his residence, 420 Park Avenue, in March 1941. [1] [19] His widow, who was then living at 570 Park Avenue, died at Litchfield County Hospital in Winsted, Connecticut in May 1961. [20]
James B. Mabon | |
---|---|
President of the New York Stock Exchange | |
In office May 1912 – May 1914 | |
Preceded by | Ransom H. Thomas |
Succeeded by | Henry George Stebbins Noble |
Personal details | |
Born | James Brown Mabon July 16, 1865 New Brunswick, New Jersey |
Died | March 10, 1941 New York City, New York, U.S. | (aged 75)
Spouse |
Elise Howell Smith (
m. 1898) |
Children | 5 |
James Brown Mabon (July 16, 1865 – March 10, 1941) was an American banker who served as president of the New York Stock Exchange.
Mabon was born in New Brunswick, New Jersey on July 16, 1865. [1] A son of Emiline ( née Deas) Mabon and the Rev. Dr. William Van Vranken Mabon, a professor at the New Brunswick Theological Seminary. [2] Among his siblings was the Rev. Dr. Arthur Mabon, [3] and John Scott Mabon, Elisabeth Van Vranken Mabon, William Van Vranken Mabon, George Deas Mabon, and the Rev. Samuel Cliffton Mabon. [4] [5]
He began his career as an office boy with Brown Brothers, staying with them for many years before he formed a brokerage firm with his co-worker and close friend, William M. Kingsley, known as Kingsley, Mabon & Co., with offices at 45 Wall Street. Kingsley later retired from the firm and became chairman of the board of the United States Trust Company. [1]
From May 1912 to May 1914, he served as president of the New York Stock Exchange, where he became a member in 1891. [6] He served on most of the important committees of the Exchange in a period of twenty-nine years, and at various times was chairman and trustee of the gratuity fund, director and president of the New York Quotation Company, and director of president of the New York Stock Exchange Safe Deposit Company. [7] In 1912, he was questioned by Samuel Untermyer during the Pujo Committee's money trust investigation. [8]
On April 5, 1929, he resigned as a governor of the Exchange (where he had served since 1900), and in September 1931, after forty years on the Exchange, he sold his seat to Rudolph Nadel, who became a partner in Mabon & Co. [7] At the time of his death, he was the senior partner of Mabon & Co. [1] (later Mabon, Nugent & Co. and Mabon Securities Corp.) [9] and one of the oldest trustees of the Bank of New York. [10]
On January 6, 1898, Mabon was married to Elise Howell Smith (1875–1961) at the Collegiate Church at West End and 77th Street in New York. Smith, a daughter of Judge Abel I. Smith, was a member of the Colonial Dames of America. They lived at 420 Park Avenue in Manhattan and had a country home in Norfolk, Connecticut. [2] Together, they were the parents of:
His portrait was painted by S. Seymour Thomas in 1922. [18]
Mabon died suddenly of a heart attack at his residence, 420 Park Avenue, in March 1941. [1] [19] His widow, who was then living at 570 Park Avenue, died at Litchfield County Hospital in Winsted, Connecticut in May 1961. [20]