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4. Gracie Sarah Rogers-303688 (Archibald , William , Progenitor ) was born in 1791.
http on Sacketts of America. She had eight children.
Sarah married Of Prime Ward and King, New York stockbrokers King James Gore-352587 son of US Statesman King Rufus-352582 and Alsop Mary-352581. James was born in 1791. He died in 1853.
Financier.
Per Linda Minor - What funny anecdotes I could tell about some of the members of that firm of C.L.P. & Co. To return to Prime, Ward & King. James G. King was an extraordinary man -- a superb financier. He was named after James Gore. Mr. King was a very domestic man -- fond of his children, and would make any sacrifice for them. He married a daughter of the celebrated merchant Archibald Gracie, who came to this country in 1765, before the war, and became eminent as one of the first merchants of the day. He had ships trading to the East Indies, to Europe, in fact, everywhere, and continued to do an immense business, under the seizure of several of his ships by France under the Berlin and Milan decrees of Bonaparte forced him to a failure. What a splendid old merchant was that same grand, god-like white-headed old man, Archibald Gracie. In 1827, 1828 and 1829, until the day he died, day after day, (except Sundays) I used to go to the Commercial Advertiser, corner of Pine and William, the Evening Post, in William Street, where the Bank of America now stands, and to the New York American, No. 16 Broad Street, and get those evening papers as regularly as clock work. Then when he died in 1829, there was a humble friend but a sincere mourner at his funeral, when they placed his body in the vault, only one foot from the sidewalk, on the north side of St. Thomas' Church in Broadway. I have said that James G. King was a great friend of Daniel Webster. So he was of Nicholas Biddle. At one time such was the influence of Mr. King that he held Wall Street in his hand, and some profane persons named him "the Almighty of Wall street." He was fond of a little fun occasionally, and liked a good joke or a story. He held a share in the celebrated "Tontine Stock." I have a list of all the original members of the Tontine, and of such as now are living. (I think all the Gracie family and the King family had stock in the Tontine.) Mr. King had a horror of the three and the four per cent a month operations. On one occasion a merchant who was doing a very extensive business, and for whom Mr. King felt a sincere friendship, came to him and said: "Mr. King, I keep four large bank accounts, and I have offered heavily the best paper for discount. It is flung out as fast as I offer it. I shall have to go on the street, and do as others do -- get heavily shaved. Money is worth now three per cent a month. I have got to pay it. I do not see why I should not pay that to your house as well as on the street. I know you object to such transactions, but I cannot help myself. I will bring down my portfolio. It contains in "Bills Receivable" for over $200,000 of A No. 1 business paper. You can take your selection. I must have $100,000 in cash before another week." "No business can stand such a premium for money any length of time. It will use up a million capital very speedily, " said Mr. King "Oh, not at all. My business will justify my paying any rate of interest, however exorbitant." "Why discount for a short time? Why not make it for two or three years? I will not discount your good business paper. Pay your debts with it. I will discount your note for $100,000, if you will make it three years." "Thank you Mr. King. I will draw it at once. It is very kind in you, but don't you want collateral?" "No, sir. Mr. Miller (turning to his accountant,) take off the discount at three per cent, a month on $100,00 for three years, and draw a check for the balance for Mr. D. , wait a moment D., or give me your note for $100,000." The conversation became general, both were seated, when Mr. Miller, the accountant, handed the following memorandum to Mr. King: Note of Mr. D. payable three years after date, for $100,000 Discount at three per cent a month is thirty six per cent per year, and for three years 108 per cent, of - - $108,000 Balance Due to Prime, Ward & King - - - - - - - - -$ 8,000 "D., have you a blank check with you?" pleasantly asked Mr. King. "A check? What for?" "Why, Miller has handed me a statement, and I find that if we discount or shave your note for three years for $100,000 at three per cent a month, you will have to pay us $8,000." "Why this is absurd. I give you my note for $100,000, and get no cash in return, but have to give you $8,000 cash. Bah! "Be cool, D., and listen. I have done this purposely to give you a lesson, to show you where your mercantile career will end, if you submit to such extortion. Now if you will pledge me your word of honor that you will curtail your business and never pay more than seven per cent interest for money to carry on your trade, I will tell you what I will do. You want $100,000. Draw your note for that sum at ninety days, leave with me $100,000 of your best notes receivable, and I will give you the money less the ordinary discount of seven per cent." Mr. D. was grateful. He appreciated the lesson taught by Mr. King, and he is at the present moment one of the wealthiest men in the city of New York. http on Sacketts of America.
James and Sarah had the following children:
+ 12 F i King Caroline-352165. 13 F ii King Harriet-457938. Harriet married Dr MD Wildes George-457950 son of Wildes Progenitor-466792 and WNotknown Miss-466793. + 14 M iii King James Gore II-457939. + 15 M iv King Archibald Gracie-457940. 16 F v King Mary-457941. Mary married Richards Edgar H.-457947 son of Richards Progenitor-460851 and RNotnown Miss-460852.
gaps417 F vi King Fredereca Gore-457942. Fredereca married Davis J. C. Bancroft-457946 son of Gov Massachusetts Davis John-258681 and Bancroft Eliza-258682. 18 M vii King Edward-457943.
He m to Isabella Ramsey or Isabella Cochrane.19 F viii King Fanny-457944. Fanny married McLane James L.-457945 son of McLane Progenitor-475083 and MNotknown Miss-475084.
5. wife1 Gracie Elizabeth-352584 (Archibald , William , Progenitor ).
Or, Eliza. She had three sons and four drs.
Elizabeth married President Columbia College King Charles-303682 son of US Statesman King Rufus-352582 and Alsop Mary-352581. Charles was born in 1789. He died in 1867.
When he left Paris he entered banking house of Hope and Co in Amsterdam, then returned to US in 1806. Later Director Bank of New York. He m2 to Henrietta Low, who had six children. Merchant, editor
Charles and Elizabeth had the following children:
+ 20 M i Soldier diplomat King Rufus-352585 was born in 1814. He died in 1876. + 21 F ii King Elizabeth-457930 was born in 1810. She died in 1883. 22 F iii King Esther Rogers-457931 was born in 1812. She died in 1898. Esther married Martin James G.-457936 son of Martin Progenitor-458035 and MNotknown Miss-458036.
Or, James C.Martin.+ 23 M iv King William Gracie-457932 was born in 1816. He died in 1882. + 24 F v King Alice Consett-458061 was born in 1819. 25 F vi King Emily Sohpia-458062 was born in 1823. She died in 1853. Emily married Patterson Stephen van Rensselaer-458064.
gaps426 M vii King Archibald-458063.
9. Gracie Robert-479612 (Archibald , William , Progenitor ).
He is yst son. Cf., Per Ken Cozens, Walter Barrett Clerk, 1863, The Old Merchants of New York City, Second Series.
Robert married (1) wife1 Neilson Miss-479613 daughter of Merchant Neilson William-479614 and Notknown Miss-479615.
They had the following children:
27 M i Gracie Archibald-479616.
Robert married (2) Fleming Miss-479617 daughter of Merchant Fleming John B.-479618 and FNotknown Miss-479619.
Cf., Per Ken Cozens, Walter Barrett Clerk, 1863, The Old Merchants of New York City, Second Series.
10. Merchant of New Jersey Gracie Archibald II-481201 (Archibald , William , Progenitor ) was born in 1795 in Dumfries Scotland. He died in 1865.
East India merchants. A friend of Alexander Hamilton.
Archibald married Of Charleston Sth Carolina Bethune Elizabeth Davidson-481202 daughter of Bethune Progenitor-481204 and Willeman Margaret-481205. Elizabeth died in 1864.
They had the following children:
28 F i Gracie Margaret Bethune-481203 was born in 1846. Margaret married Higginson Mr-481206 son of Higginson Progenitor-487631 and HNotknown Miss-487632. + 29 M ii Gracie Archibald IIII-489008 was born in 1832. He died in 1864.
11. Of New York Gracie James King-487635 (Archibald , William , Progenitor ).
James married Of Savannah Georgia Bulloch Anna Louisa-487636 daughter of Major Planter Bulloch James Stevenson-116291 and wife2 Elliot Esther Aramantha-116289. Anna was born in 1833. She died in 1893.
She is a friend of the Roosevelts. Online item re family papers. Dr of James S. B.
James and Anna had the following children:
30 M i Gracie Archibald-487637 was born in 1866 in poste.
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