Henry W. Cannon

Henry White Cannon (September 27, 1850 – April 27, 1934) was a United States Comptroller of the Currency from 1884 to 1886.

Henry W. Cannon
President of Chase National Bank of New York
In office
1886 – February 1904
Preceded byJohn Thompson
Succeeded byA. Barton Hepburn
Comptroller of the Currency
In office
1884 – February 1886
PresidentChester A. Arthur
Grover Cleveland
Preceded byJohn Jay Knox
Succeeded byWilliam L. Trenholm
Personal details
Born
Henry White Cannon

September 27, 1850
Delhi, New York, U.S.
DiedApril 27, 1934(1934-04-27) (aged 83)
Daytona Beach, Florida, U.S.
Spouse(s)
Jennie O. Curtis
(m. 1879; her death 1929)

Myrta L. Jones
(m. 1930; his death 1924)
ParentsGeorge Bliss Cannon
Ann Eliza White
EducationDelaware Literary Institute

Early life

Cannon was born in Delhi, New York on September 27, 1850. He was the son of George Bliss Cannon (d. 1890),[1] the postmaster of Delhi during the Grant administration who was a close personal friend of Horace Greeley,[2][3] and Ann Eliza (née White) Cannon.[4] His brother was James Graham Cannon (b. 1858), also a prominent banker in New York,[3] was married to Charlotte Baldwin Bradley.[5]

His paternal grandfather, Benjamin Persis Cannon (b. 1776), was born in Hebron, Connecticut and later moved to Tompkins, New York which was later renamed Cannonsville, New York in his honor.[3] Through his mothers family, he was a direct descendant of Peregrine White, the first known English child born to the Pilgrims in America,[6] who was born in 1620 aboard the Mayflower in harbor at Cape Cod.[2][1]

Career

Cannon studied at the Delaware Literary Institute, then became a clerk and teller in the First National Bank in Delhi.[3] In 1870, he moved to St. Paul, Minnesota, where he became a teller in the Second National Bank. A year later, the 21 year old Cannon organized the Lumberman's National Bank at Stillwater and served as president for thirteen years.[2]

Government service

In 1884, Cannon was appointed Comptroller by President Chester A. Arthur to succeed John Jay Knox.[lower-alpha 1] After only a few months in office, he was confronted by the financial panic of 1884.[3] Due to Cannons efforts, the crisis was averted because the New York Clearing House Association quickly extended credit to threatened banks. After Grover Cleveland was elected president, Cleveland requested he stay in his role,[3] however, Cannon resigned and William L. Trenholm was appointed to succeed him.

In 1892, Cannon was a delegate to the 4th International Monetary Conference held in Brussels.[8]

Banking and railroads

After resigning from the government, Cannon moved to New York City and joined the National Bank of the Republic as vice-president where his predecessor Comptroller, John Jay Knox, served as president.[3]

Cannon was associated with James J. Hill, who bought control of Chase National Bank of New York in 1886. Cannon was later elected as the second president of the Bank, succeeding John Thompson, who founded the bank in 1877.[2] In February 1904, he became chairman of the board, and was succeeded as president by A. Barton Hepburn, another former Comptroller of the Currency. Cannon remained chairman of the board until February 1911, retaining his directorship around 1933.[2]

Cannon also served as a director of the Great Northern Railroad, the Lake Erie and Western Railroad, the New York, Ontario and Western Railway, and the Oregon Railroad and Navigation Company. He also served as president of the Pacific Coast Company and was a director of the Manhattan Trust Company and the United States Guarantee Company.[2]

Society life

In 1892, Cannon and his wife were included in Ward McAllister's "Four Hundred", purported to be an index of New York's best families, published in The New York Times.[9] Conveniently, 400 was the number of people that could fit into Mrs. Astor's ballroom.[10]

Cannon was also a member of the Union League Club, the Century Club, the Players Club, the Metropolitan Club, the Tuxedo Club, the New York Yacht Club, the National Arts Club, the Railroad Club of New York and the Cosmos Club in Washington, D.C.[8] In 1899, he received and honorary degree from Dartmouth College.[8] Cannon had also been a member of the Peary Arctic Club; Cape Cannon in Greenland was named after him by Robert Peary.

In 1915, Cannon donated Alessandro Longhi's Portrait of Count Carlo Aurelio Widman, the grandnephew of Pope Clement XIII, to the Metropolitan Museum of Art in New York.[11][12]

Personal life
Cannon's Villa, Convent of San Michele alla Doccia, in Italy

On November 20, 1879, Cannon was married to Jennie Olive Curtis (1851–1929),[13] the daughter of Gold Tompkins Curtis (1821–1862)[14] and relation of John Jay Knox, in Washington, D.C.[4] Her father was a prominent attorney who gave up his practice during the U.S. Civil War to raise a company, the 5th Minnesota Volunteers to fight, dying in 1862 during his service.[1] Together, they were the parents of:[4]

  • George Curtis Cannon (b. 1882)
  • Henry White Cannon Jr. (b. 1887)

His wife, known for her forceful and talented speaking skills, was a prominent suffragist who advocated for the right to vote for women,[15] and in 1915 was the Delaware County Suffrage Leader,[16] providing the club with its headquarters.[17] Jennie later served as the vice-president of the National American Woman Suffrage Association.[17]

In September 1930, Cannon, then an eighty year old widower, was married to married Myrta L. Jones of Cleveland.[18]

Cannon died on April 27, 1934 in Daytona Beach, Florida.[2] He was buried in Delhi, New York.[19] His estate was left to his widow and sons in one-third shares after specific bequests.[20]

Residences

The Cannons resided at 15 East 62nd Street in Manhattan, and owned homes on Main Street in Delhi, Park Avenue in Huntington on Long Island, and on South Beach Street in Daytona Beach, Florida.[2]

In 1900, Cannon purchased the Convent of San Michele alla Doccia sotto Fiesole in Florence, Italy.[21][22] He renovated the building and its gardens.[11]

References
Notes
  1. The Office of the Comptroller of the Currency is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and thrift institutions and the federal branches and agencies of foreign banks in the United States.[7]
Sources
  1. Williams, Henry Clay (1893). American Encyclopaedia of Biography. Hightstown, New Jersey: Metropolitan Publishing and Engraving Company. pp. 141-144. Retrieved 4 May 2018.
  2. "HENRY W. CANNON WELL-KNOWN BANKER, PASSES ON AT 83 | Stricken at Home in Daytona Beach -- Former President of Chase National Bank -- Long Owned Home Here" (PDF). The Long-Islander. May 4, 1934. Retrieved 4 May 2018.
  3. Mowbray, Jay Henry (1898). Representative Men of New York: A Record of Their Achievements. New York Press. p. 45. Retrieved 4 May 2018.
  4. Jennings, William Henry (1899). A Genealogical History of the Jennings Families in England and America ... Press of Mann & Adair. p. 455. Retrieved 4 May 2018.
  5. Trust Companies. Trust Companies Pub. Association. 1911. p. 293. Retrieved 4 May 2018.
  6. Green, Eugene; Sachse, William; McCaulley, Brian (2006). The Names of Cape Cod. Arcadia Press. p. 206. ISBN 978-1-933212-84-5.
  7. National Bank Act of 1863 | Thirty-Seventh Congress. Sess. III. Ch. 56, 58. United States Congress. February 25, 1863. p. 665.
  8. Who's Who in Finance, Banking, and Insurance. Who's Who in Finance, Incorporated (N.Y.). 1922. p. 110. Retrieved 4 May 2018.
  9. McAllister, Ward (16 February 1892). "THE ONLY FOUR HUNDRED | WARD M'ALLISTER GIVES OUT THE OFFICIAL LIST. HERE ARE THE NAMES, DON'T YOU KNOW, ON THE AUTHORITY OF THEIR GREAT LEADER, YOU UNDER- STAND, AND THEREFORE GENUINE, YOU SEE" (PDF). The New York Times. Retrieved 26 March 2017.
  10. Keister, Lisa A. (2005). Getting Rich: America's New Rich and How They Got That Way. Cambridge University Press. p. 36. ISBN 9780521536677. Retrieved 20 October 2017.
  11. "A Descriptive Catalogue by Jean Paul Richter of Old Masters of the Italian School belonging to…, Villa Doccia, Fiesole by Henry White CANNON". jonathanahill.com. Jonathan A. Hill, Bookseller, INC. Retrieved 4 May 2018.
  12. Zeri, Federico; Gardner, Elizabeth E. (1973). Italian Paintings: Venetian School: A Catalogue of the Collection of the Metropolitan Museum of Art. Metropolitan Museum of Art. p. 37. ISBN 9780870990793. Retrieved 4 May 2018.
  13. "MRS. CANNON DIES AT SEA.; Wife of Ex-President of Chase National Bank Stricken on Majestic". The New York Times. 9 September 1929. Retrieved 4 May 2018.
  14. "GOLD TOMPKINS CURTIS AND FAMILY: An Inventory of Their Papers at the Minnesota Historical Society". mnhs.org. Minnesota Historical Society. Retrieved 4 May 2018.
  15. Goodier, Susan; Pastorello, Karen (2017). Women Will Vote: Winning Suffrage in New York State. Cornell University Press. p. 49. ISBN 9781501713194. Retrieved 4 May 2018.
  16. "MRS. CANNON USES VOTERS' CARD INDEX; Wife of ex-Bank President Is Delaware County Suffrage Leader. HAS UP-TO-DATE METHODS Headquarters In Delhi Is a Delight to Speakers from This City ;- Plans Big Rally on Oct. 6". The New York Times. 26 September 1915. Retrieved 4 May 2018.
  17. Reynolds, Jessica (January 5, 2017). "On the Bright Side: Historical society to spotlight local women's suffrage group". The Daily Star. Retrieved 4 May 2018.
  18. "HENRY WHITE CANNON, BANKER, WEDS AT 80; Miss Myrta L. Jones of Cleveland Bride of Chase National's Ex-President". The New York Times. 18 September 1930. Retrieved 4 May 2018.
  19. "DIED. CANNON--Henry White". The New York Times. 30 April 1934. Retrieved 4 May 2018.
  20. "H.W. CANNON ESTATE LEFT TO HIS FAMILY; Former Chase President's Will Disposes of $350,000 Cash and 5,750 Shares of Bank Stock". The New York Times. 30 April 1934. Retrieved 4 May 2018.
  21. Levi, Eugenio.; Brillet-Buyet, Luigi; Cannon, Henry White (1911). "A history of the suppressed Convent of San Michele alla Doccia sotto Fiesole, Florence: founded in 1411, now the property of Mr. Henry White Cannon, followed by a brief account of the religious orders of Italy". catalog.hathitrust.org. Tipografia Giuntina. Retrieved 4 May 2018.
  22. Macadam, Alta (2003). Americans in Florence: A Complete Guide to the City and the Places Associated with Americans Past and Present. Giunti Editore. p. 187. ISBN 9788809031579. Retrieved 4 May 2018.
Political offices
Preceded by
John Jay Knox		 Comptroller of the Currency
1884–1886		 Succeeded by
William L. Trenholm
Business positions
Preceded by
John Thompson		 Chase President
1891-1904		 Succeeded by
A. Barton Hepburn
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