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94. Livingstone Philip John-356285 (John Livingstone , Catharine van Brugh , Pieter , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1744. He died in 1818.
Philip married Bayard Frances-356286 daughter of Bayard Progenitor-267978 and BNotknown Miss-267314. Frances was born in 1724.
gapskey for parents
Philip and Frances had the following children:
+ 187 F i Livingstone Amelia-356278.
95. Alexander Catherine (Kitty)-5360 (Sarah Livingstone , Catharine van Brugh , Pieter , Johannes Pieterszen , Peter , Jan , Progenitor ).
http on Livingston of New York by Mary Van Deusen.
Catherine married Capitalist, Am Rev contractor Duer William-5357 son of Planter Antigua and Dominica Duer John-196346 and Frye Frances-196347 on 27 Jul 1779 in America. William was born in 1743/1747 in Devonshire England. He died in 1799 in NYC.
gapskey Contractor, military. William Duer. Code-US. http://www.wargs.com/ http://www.sewellgenealogy.com/ Article on Duer and Business of Govt. copy held. See PCF Smith re his role in Empress of China. See ADB, married Catherine (Kitt) Alexander, dr of a general in American Rev, William Alexander. This man is Am Patriot and Capitalist, born Devonshire England, educated Eton, served as aide-de-camp to Clive of India, in India, spent time on father's estates in West Indies, in 1768 went to New York, contract to supply royal navy with masts, above Saratoga on Hudson. On committee of public safety, one of largest contractors for army in Am Rev, Sec Board of Treasury 1786-1789, second only to Robert Morris as financier of the day, once a partner with Morris, involved in Ohio Co., a prime mover of Scioto (sic) Land Co., one of the largest land companies being promoted, sued by US Govt re his period at Treasury, his ruin helped the panic of 1792. See J. S. Davis, Essays in the Earlier History of America's Corporation. 1917. [Which is not in Dixon Library]. Contractor American William Duer, Cf., Robert F. Jones, “The King of the Alley”: William Duer: Politician, Entrepreneur, and Speculator, 1768-1799. Philadelphia, American Philosophical Society, 1992. WD speculated in govt. securities, promoted land, an army contractor, a one-time sec of Board of Treasury, he floated the Scioto Land Company, one of the biggest land companies, Robert Morris gave Duer one of the first ever contracts Morris issued as superintendent of Finance of the Continental Congress. Duer = a “feeder at the public trough”, WD has an early partner, Robert Snell, who is a poor manager, to1771-1772 WD deals with Canadian firm Phynn, [Alexander] Ellice and Co., WD suggests they apply to supply British army outposts in Great Lakes area, despite high start-up costs of entering into any army contract, then WD visited London, failed, also failed to sell masts to Navy, Snell a poor manager, so partnership dissolved, WD asks for credit from Stephen Sayre at the time the head of a London banking firm, which one? Then WD takes the American side, p. 65 re Duer, deal of 1779 with Silas Deane, John Holker. plus Pennsylvania jurist and land speculator, James Wilson, to supply masts to Spanish navy, this James Wilson has a brother-in-law Mark Bird, an ironmaster of Reading, Pennsylvania. See also re links to Macomb, William Duer and the Crash of 1792 by Brian Trumbore at http://mlloyd.org/gen/macomb/text/amsr/8699.html - a copy of which follows - William Duer and the Crash of 1792
Brian Trumbore
President/Editor, StocksandNews.comThere once was a man named William Duer. Born in England in 1743, Duer was the son of a very successful West Indian planter. Educated at Eton, Duer settled in America in 1773, became sympathetic with the colonists grievances against Britain and, at the same time, he quickly began to hold positions of importance in New York society. Duer regaled his friends and associates at dinner at his home on Broadway, not far from Wall Street, where Trinity Church is still located. At his wedding to Catherine Alexander ("Lady Kitty"), the bride was given away by George Washington.
Duer became a member of the Continental Congress, a New York judge, and a signer of the Articles of Confederation. He was also secretary to the Board of the Treasury (appointed by Alexander Hamilton), a position that made him privy to the inner workings of American finance in the late 1780s. Hamilton, our first Treasury Secretary, was honest and never profited from his government position. Duer, on the other hand, saw nothing wrong with using information he was privy to to try and make a fast buck.
The Duer/Hamilton relationship was to have its trying moments. Duer had been instrumental in helping Hamilton establish the Bank of New York. Hamilton would attempt to bail Duer out of some major problems, later.
Duer had made his fortune in land and speculating on the Revolutionary debt. In 1791, Duer resigned his Treasury position and entered into a partnership with Alexander Macomb, one of New York's richest and most prominent citizens. They agreed to combine Macomb's money and Duer's speculative talents and insider connections with the Treasury Department. Duer began speculating on Bank of New York stock when there were rumors that it was to be bought by the Bank of the U.S. If true, the stock was sure to rise. But while long in the market with Macomb, he was short (betting the stock would go down) Bank of New York in his own account. If the merger failed, Duer and Macomb would lose, but Duer, on his own, would make a fortune. Since his agreement with Macomb called for using Macomb's money, not his own, all Duer had to lose by double-crossing his partner was honor, a sacrifice he seemed perfectly willing to make.
Hamilton, unaware of Duer's duplicity, but appalled at his speculative activities wrote on March 2, 1792. "'Tis time, there must be a line of separation between honest Men & knaves, between respectable Stockholders and dealers in the funds, and mere unprincipled Gamblers."
Duer became the center of attention and many were only too anxious to lend him money in hopes of getting in on the bandwagon. He began to buy other bank stocks for future delivery, betting that rising prices would enable him to pay for them when the time came.
But at the same time there were others who had an interest in seeing that prices fell, namely the Livingston clan, one of the richest families in the New York area. To ensure this, they began to withdraw gold and silver from their bank deposits, contracting the local money supply and forcing banks to call in loans, thus instituting a credit squeeze. Interest rates soared to as much as one percent a day.
This was ruinous for Duer and others who had borrowed to speculate. Desperate, he tried to borrow more to cover his obligations (All-Tech and Momentum Securities weren't around then to help him out), but there was none to be had.
With his fall, panic ensued. Immediately, Duer was thrown in debtors prison and Macomb ended up there as well. Alexander Hamilton, however, rode to the rescue and ensured that the country as a whole didn't suffer. He ordered the Treasury to purchase several hundred thousand dollars worth of federal securities to support the market, and he urged banks not to call in loans. Soon, calm quickly returned. According to historian John Steele Gordon, "It would be 195 years, until the great crash of 1987, before the federal government once again moved decisively to prevent a panic."
Because Duer often traded on insider information, he earned the distinction of being the first to do so. Within a month of his collapse and the crash that followed, the auctioneers and dealers resolved to move themselves in from the street and the coffeehouses and to find a more permanent location. It became apparent that the marketplace needed a central location so that dealings could be better controlled and better records kept. In May 1792, dealers and auctioneers entered the Buttonwood Agreement. Meeting under a buttonwood tree, today the location of 68 Wall Street, the traders agreed to establish a formal exchange for the buying and selling of shares and loans (bonds).
And what became of Duer? Hamilton tried to intervene on his behalf but was only able to obtain a short reprieve. Duer soon ended up back in prison and he died there in 1799.
[Sources:
"Wall Street: A History," by Charles Geisst
"The Great Crash of 1792," an article in the May/June issue of American Heritage magazine, written by John Steele Gordon]"Brian Trumbore See Notes on Rucker families by Ken Cozens 2010 with some remarks from Dr. Margrit Schulte (of Germany).
William and Catherine had the following children:
+ 188 M i Jurist Duer William Alexander-5361 was born in 1780. He died in 1858. + 189 F ii Duer Maria Theodora-367740 was born in 1790. She died in 1837. + 190 F iii Duer Henrietta Elizabeth-447086 was born in 1790. She died in 1839. + 191 M iv Duer John-447102 was born in 1782. + 192 F v Duer Frances-447103 was born in 1785. + 193 F vi Duer Sarah Henrietta Livingston-447104 was born in 1786. 194 M vii Jurist New York Duer John-5363 was born in 1782 in Albany. He died in 1858 in Staten Island.
Studied law in Alexander Hamilton's office. Became an expert in insurance law including marine insurance. See also http on Livingston of New York by Mary Van Deusen.
97. Livingstone John-198270 (Robert Livingstone , Catharine van Brugh , Pieter , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1749 in New York. He died in 1822 in New York.
See US website on ancestors of William Addams Reitwiesner.http on Livingston of New York by Mary Van Deusen. Livingston http update.
John married (1) Livingstone Catherine-1752 daughter of Gov New Jersey Livingstone William-1753 and Of New Brunswick French Susanna-3711 in 1796. Catherine was born in 1751. She died in 1813.
http on Livingston of New York by Mary Van Deusen. Livingston http update. See also http per Linda Minor on Astors qv.
John married (2) Le Roy Mary Ann-199409 daughter of Le Roy Jacob-199410 and Rutgers Cornelia-199411.
See US website on ancestors of William Addams Reitwiesner.
John and Mary had the following children:
+ 195 M i Livingstone Robert LeRoy-444075. + 196 M ii Livingstone Herman-421593 was born in 1793. He died in 1872.
98. Livingstone Peter Robert-199395 (Robert Livingstone , Catharine van Brugh , Pieter , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1737. He died in 1794.
He is a loser by financial speculations. Livingston http update.
Peter married Livingstone Margaret-199396 daughter of Livingstone Progenitor-265549 and LNotknown Miss-265550. Margaret was born in 1738. She died in 1809.
She is a distant relative of husband, and has ten children. Livingston http update.
Peter and Margaret had the following children:
+ 197 M i Livingstone James Smith-267966. + 198 M ii Livingstone Robert Thong-267969. + 199 M iii Livingstone Peter William-416222. 200 F iv wife2 Of Duchess County Livingstone Margaret-420160 died in 1802.
She had four cihldren.Margaret married Merchant Lawyer Douw John Depewster-420084 son of Captain Douw Volkert Petrus-420082 and DePeyster Anna-420080. John was born in 1756. He died in 1835.
He had three wives.
99. Livingstone Maria-199397 (Robert Livingstone , Catharine van Brugh , Pieter , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1738. She died in 1821.
See website by John Rees of Surrey England at www.sewellgenealogy.com/ Or, Mary. Livingston http update.
Maria married Jurist Duane James-199398 son of Of Ireland, British army officer Duane Anthony-203252 and Keteltas Althea-203253 in 1759. James was born in 1710 in NY. He died in 1792.
See website by John Rees of Surrey England at www.sewellgenealogy.com/ He is son3. Livingston http update.
James and Maria had the following children:
+ 201 M i Duane James Chatham-416207. + 202 F ii Duane Mary-416208. + 203 F iii Duane Adelia-416209.
100. Livingstone Walter-199399 (Robert Livingstone , Catharine van Brugh , Pieter , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1740. He died in 1797.
Website by Harry Owen at http://awt.ancestry.com/cgi-bin &c Livingston http update. See website by John Rees of Surrey England at www.sewellgenealogy.com/
Walter married Schuyler Cornelia-199400 daughter of Schuyler Peter-199401 and Schuyler Gertrude-199402. Cornelia was born in 1746. She died in 1822.
Website by Harry Owen at http://awt.ancestry.com/cgi-bin &c Livingston http update.
Walter and Cornelia had the following children:
+ 204 F i Livingstone Maria-267926 was born in 1770. She died in 1828. + 205 F ii Livingstone Gertrude-445613 was born in 1777. 206 F iii Livingstone Harriet-445614 was born in 1783. She died in 1824. Harriet married (1) Dale Charles G.-445615 son of Dale Progenitor-443569 and DNotknown Miss-445624. Harriet married (2) Steam navigation engeer in America Fulton Robert-493795 son of Emigrant from Ireland Tailor Lancaster Penn Fulton Robert-445616 and Of Philadelphia Smith Mary-445625. Robert was born in 1765. He died in 1815. He was buried in New York City.
His town Lancater became a metal working - armaments town during Am Rev, He from 1800 in effect developed world's first submarine for Napoleon, the Nautilus. Also invented the torpedo, which was not quickly adopted. His own wikipedia page where he is son of Robert of Philadelpha and Mary Smith.207 F iv Livingstone Cornelia-445617. Cornelia married Juhel John-445618 son of Juhel Progenitor-445629 and JNotknown Miss-445630. + 208 M v Livingstone Henry Walter-445619 was born in 1768. He died in 1810. 209 M vi Livingstone Peter Schuyler-445621 was born in 1772. He died in 1809. Peter married Barclay Eliza Elizabeth-482191 daughter of Loyalist British Consul-General in New York Barclay Thomas Henry-479299 and De Lancey Susanna-479302. Eliza was born in 1776 in Flatbush New York. She died in 1817.
She had five children.+ 210 M vii Livingstone Robert L.-445623 was born in 1775. He died in 1843.
101. Livingstone Robert Cambridge-199403 (Robert Livingstone , Catharine van Brugh , Pieter , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1742. He died in 1794.
http on Livingston of New York by Mary Van Deusen.
Robert married Swift Alice-199404 daughter of Of Philadelphia, went to England Swift John-199405 and Kollock Magdalen-199406.
She m2 to James Crauford, Royal Equerry and Gov of Bermudas. http on Livingston of New York by Mary Van Deusen.
Robert and Alice had the following children:
+ 211 M i Livingstone James Duane-266910. + 212 M ii Livingstone John Swift-420143 was born in 1785. He died in 1867.
105. Boston merchant, land developer Quincy Edmund-348678 (Elizabeth Wendell , Katarina De Kay , Helena Van Brugh , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1726. He died in 1782.
Edmund married (1) wife1 Huske Anna-348679 daughter of Hon Huske Ellis-349439 and HNotknown Miss-349440.
They had the following children:
Edmund married (2) wife2 Temple Mehitabel-348680 daughter of Captain Temple Robert-10157 and Nelson Mehitabel-351105.
See Item at www.archive.org/stream/ re name Temple in America.
Edmund and Mehitabel had the following children:
215 M iii Quincy Robert-501623 was born in 1766.
Edmund married (3) wife3 Gannett Hannah-348681 daughter of Gannett Benjamin-349446 and Copeland Mary-349447 in 1767.
They had the following children:
+ 216 M iv Quincy Horatio Gates-349448 was born in 1779. He died in 1825.
106. Quincy Henry-348682 (Elizabeth Wendell , Katarina De Kay , Helena Van Brugh , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1727. He died in 1780.
Henry married (1) Newell Eunice-348684 daughter of Newell Progenitor-348683 and Notknown Miss-227530.
They had the following children:
Henry married (2) wife1 Salter Mary-227531 daughter of Salter Senior-251598 and SNotknown Miss-251599.
They had the following children:
+ 219 F iii Quincy Mary-227470. + 220 F iv Quincy Elizabeth-227532 was born in 1751. She died in 1781.
108. Quincy Elizabeth-348686 (Elizabeth Wendell , Katarina De Kay , Helena Van Brugh , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1729. She died in 1770.
Elizabeth married Sewall Samuel-348665 son of Sewall Joseph-261345 and Walley Elizabeth-261344. Samuel was born in 1715. He died in 1771.
They had the following children:
+ 221 F i Sewall Elizabeth Sewall-349458 was born in 1750. She died in 1789. 222 F ii Sewall Hannah Sewall-349460 was born in 1753. Hannah married Hill James-349461 son of Hill Progenitor-416305 and HNotknown Miss-416306. 223 M iii Sewall Samuel-349462 was born in 1757. He died in 1814. Samuel married Devereux Abigail-349463 daughter of Devereux Progenitor-259493 and DNotknown Miss-259483. 224 M iv Sewall Joseph-349464 was born in 1762. Joseph married Robie Mary-349465 daughter of Robie Progenitor-416269 and RNotknown Miss-416270.
110. Dr MD Quincy Jacob-348687 (Elizabeth Wendell , Katarina De Kay , Helena Van Brugh , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1734. He died in 1773.
Adapted from: webfile accessed August 2007 on Quincy, Wendell, Holmes, and Upham Family Papers, 1633-1910, (67 microfilm reels Call No: P-347) at Massachusetts Historical Society. Rootsweb http on New Netherlanders.
Jacob married Williams Elizabeth-348688 daughter of Williams John-349480 and Pope Mary-349481.
Rootsweb http on New Netherlanders.
Jacob and Elizabeth had the following children:
225 M i Quincy Jacob-349482.
Adapted from: webfile accessed August 2007 on Quincy, Wendell, Holmes, and Upham Family Papers, 1633-1910, (67 microfilm reels Call No: P-347) at Massachusetts Historical Society.Jacob married Bigelow Ann-349483 daughter of Bigelow Senior-383791 and BNotknown Miss-383792. + 226 F ii Quincy Elizabeth Wendell-349484. 227 F iii Quincy Mary-349486. Mary married Kettell James-349487 son of Kettell Progenitor-349488 and KNotknown Miss-349489. 228 M iv Quincy Abraham-349490 was born in 1767. He died in 1840. Abraham married Holland Mary-349491 daughter of Holland Progenitor-151097 and HNotknown Miss-151081. + 229 M v Quincy John Williams-349492 was born in 1769. He died in 1834. 230 M vi Quincy Samuel-349494. Samuel married Smart Sarah-349495 daughter of Smart Progenitor-349496 and SNotknown Miss-349497.
111. Quincy Sarah-348689 (Elizabeth Wendell , Katarina De Kay , Helena Van Brugh , Johannes Pieterszen , Peter , Jan , Progenitor ) was born in 1736. She died in 1790.
Sarah married General Hon Greenleaf William-348860 son of Dr MD Greenleaf Daniel-258030 and Nichols Silence-258033. William was born in 1738. He died in 1793.
They had the following children:
231 F i Greenleaf Elizabeth-348750 was born in 1769. She died in 1814. Elizabeth married Gardner John-348751 son of Gardner Progenitor-348752 and GNotknown Miss-348753. 232 F ii Greenleaf Sarah-348754.
One view is that she is born in 1773 and married Thomas Chase.Sarah married Greenough William-348755 son of Greenough Progenitor-348756 and GNotknown Miss-348757. William died in 1831. 233 M iii Greenleaf William-348867 was born in 1766. He died in 1850. William married wife2 Ruggles Sarah-348900 daughter of Ruggles Progenitor-348901 and RNotknown Miss-348902.
She had five children.234 M iv Greenleaf Edward-348868 was born in 1767. He died in 1789. + 235 M v Cabinet maker Greenleaf John Hancock-348869 was born in 1775. He died in 1851. 236 M vi Greenleaf Daniel-348870 was born in 1778. He died in 1824. + 237 M vii Greenleaf John-348862 was born in 1763. He died in 1848. 238 M viii Greenleaf Daniel-348898 was born in 1762 in Boston. Daniel married Cousin, no issue Greenleaf Elizabeth-348899 daughter of Greenleaf Senior-87986 and GNotknown Miss-405422.
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