Charles Merrill Jr. was a Massachusettsan. Some suggest that the Vikings may have also brought the name into England, but this is unclear. Merrill assisted Rosner to emigrate to the United States. Many large databases are available to search covering from births, deaths and marriages, military records, census records and immigration records with many other smaller collections too. Please try again. Following a simultaneous acquisition of Philadelphia-based Cassatt & Co., the firm was reopened as Merrill Lynch, E. A. Retrieved January 16, 2023 from Encyclopedia.com: https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/merrill-charles-edward. The growth of chains became such a threat to smaller retailers that the California legislature passed a tax on chain stores, which would have absorbed about 20 percent of Safeway's net income. In 1947 Merrill was named as the only representative from the securities industry in a poll of 50 outstanding business leaders. Westport, CT: Greenwood, 1983, s.v. Link to family and friends whose lives he impacted. American philanthropist, stockbroker and co-founder of Merrill Lynch & Company, Born on October 19, 1885 As Martin Mayer wrote in Wall Street: Men and Money, "Merrill brought in the public [to Wall Street] not as lambs to be fleeced but as partners in the benefits. New Deal legislation also affected the public perception of Wall Street. Charles Halley Merrill was born on month day 1910, at birth place, South Dakota, to Edward Allen Merrill and Hulda E Merrill (born Coleman). The Merrill Lynch Story. This MERRILL index was pre-built so it loads quickly. . Because chains could operate on an economy of scale they could offer a greater selection of goods at lower prices. It was a happy marriage which produced five children and lasted until her death in 1999. Encyclopedia.com. Wall Street to Main Street: Charles Merrill and Middle Class Investors. He donated 95 percent of his $25 million estate to colleges, churches, and hospitals. Merrill subsequently built up and expanded Safeway, merging it with another western chain. in Green Cove Springs, Florida, Died on October 06, 1956 Charles is 15 degrees from Margaret Atwood, 20 degrees from Jim Carrey, 21 degrees from Elsie Knott, 23 degrees from Gordon Lightfoot, 23 degrees from Alton Parker, 23 degrees from Beatrice Tillman, 20 degrees from Jenny Trout, 21 degrees from Justin Trudeau, 23 degrees from Edwin Boyd, 20 degrees from Barbara Hanley, 27 degrees from Fanny Rosenfeld and 17 degrees from Cathryn Hondros on our single family tree. The company published a bi-weekly magazine, Investor's Reader, and it was the first to make full public disclosures of its operations and holdings, as well as the investments of its partners. In the 1920s, Merrill also owned a Greenwich Village townhouse at 18 West 11th Street which was exploded by dynamite on March 6, 1970 by careless Weather Underground terrorists. Son of Capt. Please join us. One of the stories emanating from this experience was Merrill's involvement in rescuing a teenaged Jewish boy he encountered in Germany named Bernat Rosner. ." brother-in-law of sister-in-law of maternal grandfather, Salem, Essex County, Massachusetts, United States of America, Methuen, Massachusetts, United States of America, https://www.ancestry.com/interactive/6742/4241709-00763/43867762?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts, https://www.ancestry.com/interactive/6482/005217838_02802/23956896?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts, https://www.familysearch.org/ark:/61903/3:1:S3HT-674S-5CC?i=4074&cc=1861144, https://www.ancestry.com/interactive/7602/4120400_01031/31214885?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts, https://www.familysearch.org/ark:/61903/3:1:S3HT-6913-51?i=34&cc=1325221, https://www.ancestry.com/interactive/5241/41267_309287-01052/369944?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts#?imageId=41267_309287-01053, https://www.familysearch.org/ark:/61903/3:1:S3HY-DC5Y-KX?i=523&cc=1520640, https://www.ancestry.com/interactive/7884/31111_4330854-00314/15924892?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts, https://www.familysearch.org/ark:/61903/3:1:33S7-9BRY-9SGM?i=2798&cc=1968530, https://www.ancestry.com/interactive/6061/4313307-00524/29807974?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts, https://www.ancestry.com/interactive/6224/4610738_00164/4832078?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts, https://www.ancestry.com/interactive/1002/NH-2368121-4074/2815565?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts, https://www.ancestry.com/interactive/2442/M-T0627-02296-00694/76418501?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts, https://www.ancestry.com/interactive/1002/NH-2368121-4074/2815565?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts#?imageId=NH-2368121-4074, https://www.ancestry.com/interactive/3659/41263_2421406273_0097-00468/2108297?backurl=https://www.ancestry.com/family-tree/person/tree/75496806/person/42422036043/facts. Louise was conceived through IVF (in vitro fertilization), a controversial and experimental procedure at the time. There is no biography of Charles E. Merrill. "Merrill, Charles Edward Merrill, Charles E., Jr. In addition, Merrill was also an accomplished artist. Clear, honest information appealed to a broad customer base, he reasoned, and "having thousands of customers scattered throughout the United States is infinitely preferable to being dependent upon the fluctuating buying power of a smaller and perhaps on the whole wealthier group of investors in any one section.". Historical Person Search Search Search Results Results Charles E Merrill (1881 - Unknown) Try FREE for 14 days Try FREE for 14 days How do we create a person's profile? The firm then became Merrill, Lynch, Pierce, Fenner and Smith; in the late 1990s it continued to be the world's biggest brokerage. Merrill was also the father of James . He created a conservative image for Wall Street that would attract the small investor toward acquiring shares in the country's economy and thereby made investing commonplace among the middle-class. 23 years shorter than Another merger in 1941 created Merrill Lynch, Pierce, Fenner, and Beanethe largest brokerage house in the world, with offices in 93 cities. Please enable JavaScript in your browser's settings to use this part of Geni. Have you taken a DNA test? https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/merrill-charles-edward, "Merrill, Charles Edward With one simple test, you can discover your genetic origins and find family you never knew you had. Perkins, Edwin. Charles' immediate relatives including parents, siblings, partnerships and children in the Merrill family tree. Cancel any time, no strings attached. Merrill was inducted into the Junior Achievement U.S. Business Hall of Fame in 1976. . Share what Charles did for a living or if he had a career or profession. "Merrill, Charles Edward Biographical Dictionary of American Business Leaders. By 1931 Merrill had built Safeway up to the third largest food chain in the country; he was also its largest stockholder. Other books written by Merrill are: The Trip to Paris, Emily's Year, The Great Ukrainian Partisan Movement, and The Checkbook. Research devoted solely to this person has either not yet taken place or it is currently in progress. This emphasis on honesty was to remain one of Merrill's chief concerns throughout his career. Pierce and Company. He accomplished the first goal by printing large advertisements and pamphlets in newspapers and magazines (and sending reprints to all who requested them) which described the workings of the investment business in simple language and by setting up a research department that would do stock analysis reports intended for, and freely distributed to, laymen. Charles E. Merrill, the son of physician Dr. Charles Merrill and Octavia (Wilson) Merrill, was born in Green Cove Springs, Florida where he spent his early childhood. Merrill later remarked, "If ever I get to heaven, it will be because I helped lower the price of milk by a penny a quart in Los Angeles.". Refresh this page to see various historical events that occurred during Charles' lifetime. In 1954 the New York Stock Exchange launched a new plan for moderate-income individuals who wished to make small, regular investments in the stock market. See What AncientFaces Does to discover more about the community. Buddy was born . Merrill anticipated the stock market crash of 1929, and divested many of his holdings before the Great Depression. In 1919 Merrill hired the first bond saleswoman on Wall Street, Annie Grimes, and in 1924 he expanded the company's office hours, opening early and closing late, to better serve customers. Merrill attended a preparatory school affiliated with Stetson University and was later sent on a partial athletic scholarship to Worcester Academy in Massachusetts. Hulda was born on July 19 1887, in Stewart, York, Nebraska, USA. Merrill was an internationalist, and his travels have taken him to the former Soviet satellite states of Czechoslovakia and Poland, as well as the other countries of Central Europe, as well as Eastern Europe. After suffering a heart attack in 1944 Merrill withdrew from active management of the firm, but he continued to direct strategy and long-term planning for the company. "Banking and Finance, 19131989.". Gale Encyclopedia of U.S. Economic History. In 1920, Charles (39) lived on Park Avenue, in Salem, New Hampshire with his wife Alta (39) and their son Kenneth T. Merrill (9) and son George E. Merrill (5); Charles worked as a traveling salesman[12]. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. By the time of Merrill's death in 1956 the firm had 115 offices in the United States, more than 100 partners and 570 employees, and on any given day handled more than 10 percent of all the transactions on the New York Stock Exchange. The firm's growth continued through the decade, but then, on a vacation trip in 1938, Edmund Lynch died unexpectedly. He was the younger brother of Doris Merrill Magowan (19162001), and the half-sibling to the poet James Merrill (19261995). The company soon expanded into underwriting (guaranteeing) equities. Charles Edwin Merrill Jr. Born 3 Jan 1880 in Salem, Essex County, Massachusetts, United States of America Ancestors Son of Charles Edwin Merrill Sr. and Ida Florence (Phippen) Merrill Brother of Clarence Webster Merrill Sr. When the season ended he moved to New York City to look for work and his first job was in the office of the Patchogue Plymouth Mills in Patchogue, New York. His goal was to provide a rigorous classical education to minority students and the less fortunate, heavy on history, English, and writing; Merrill himself taught Bible class to the entire class of ninth graders, not from a religious perspective but from a humanistic one. A firm believer in the free capital market, Merrill bequeathed his share of the limited partnership of Merrill Lynch (worth $5.5 million) to the Merrill Foundation for the Advancement of Investment Knowledge, which he had created in 1945 to give grants to institutions to study free enterprise. Winning 11 Oscars, it was the first film to gross over a billion dollars and eventually grossed over $2 billion. In 1898 the family briefly moved to Knoxville, Tennessee but within the year returned to Florida to settle in Jacksonville. Merrill was the second of two children born to Charles E. Merrill and his first wife, Elizabeth Church Merrill. On this Wikipedia the language links are at the top of the page across from the article title. See also: Chain Stores, Dow Jones Industrial Average, Stock Market, Stock Market Crash of 1929, Ingham, John. Charles E Merrill lived Records may include photos, original documents, family history, relatives, specific dates, locations and full names. Regan, Donald. ", The rapid growth of chain stores, in which Merrill was also instrumental, profoundly affected the U.S. economy. Under Merrill's leadership Burr's bond department quickly became a success. a Select the pencil to add details. After two years at Amherst College, Merrill spent time at the University of Michigan Law School from 1906 to 1907; worked at Patchogue-Plymouth Mills from 190709; at George H. Burr & Co., New York City, from 190913; then established Charles E. Merrill & Co. in 1914, later changing the name to Merrill Lynch & Company. M Genealogy > MERRILL The school was a reflection of Merrill's principles. Charlemagne succeeded in . The average age of If not, see our friends at Ancestry DNA. Within six months he had taken on Edmund Lynch as a partner: Merrill, Lynch was born. Jennifer Gershowitz, 49, 74 Oak Tree Dr. Overview Upcoming Services Details. Charles Elmer Merrill had 1 child. Merrill, Lynch continued to focus on the expanding chain store industry. We collect and match historical records that Ancestry users have contributed to their family trees to create each persons profile. We encourage you to research and examine these records . Edward was born on September 7 1881, in Mapleton, Monona, Iowa, USA. Select the next to any field to update. Many Americans had bought war bonds, familiarizing them with investing; they were now ready to expand to corporate ventures. Charles E Merrill was born in Massachusetts on Sep 1881 to Charles R Merrill and Mary Kendrick. In 1907 Merrill took a position as office boy in the New York City branch of a textile firm. Merrill used a substantial part of his wealth to further the principles by which he had made his fortune. Before Merrill established his brokerage firm, stock market investments were only for the elite or the unscrupulous. https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/charles-e-merrill, "Charles E. Merrill Merrill joined George H. Burr and Company in 1909. Charles W Merrill Jr was born on February 29, 1924. LL, Daniel MERRILL, Anna MERRILL, Susanna MERRILL, Samuel MERRILL, Andrew MERRILL, John MERRILL, William MERRILL, Nancy Anna MERRELL, And Death of Charles Merrill at Pendleton, South Carolina. The US flag was changed to show 50 stars. Charles E. Merrill, the son of physician Dr. Charles Merrill and Octavia (Wilson) Merrill, was born in Green Cove Springs, Florida where he spent his early childhood. The company's owner had heard of Merrill's abilities and he wanted the young man to take charge of Burr's newly created bond department. Merrill was the Chairman of the Charles E. Merrill Trust, the charitable foundation named after his father. Gathered from those who lived during the same time period, were born in the same place, or who have a family name in common. In 1930, Charles (50) lived at 2 Granite Avenue with his wife Alta (49), their son George E. (15) and his nephew Wallace V. Merrill (11); Charles worked as a salesman for the Granite State Potato Chip Company[13][14]. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. Survived Andersonville. He often spoke on democratic reforms and freedoms. In 1900, Charles E. (20) lived in Salem, Rockingham, New Hampshire with the Cole Family and worked as a servant and farm laborer[5][6]. . This section is to introduce Charles Merrill with highlights of his life and how he is remembered. Where was Charles born and where did he live? Skip Ancestry . His father, a local physician, also owned a drug store where Merrill worked as a boy in addition to having a paper route. Born in 1841 in West Derby (now part of Newport), Vermont. Gale Encyclopedia of U.S. Economic History. Login to find your connection. Charles E. Merrill, the son of physician Dr. Charles Merrill and Octavia (Wilson) Merrill, was born in Green Cove Springs, Florida where he spent his early childhood. Benjamin Merrill and Jemima Butner. Records of Charles E. Merrill on Ancestry. Biographies are our place to remember and discover more about the people important to us. His generosity was quiet but overflowing; it was not unusual for Merrill to foot the tuition bills, even college tuition, for students who were financially distressed. Merrill's emphasis on straight advice for a broad range of middle-class customers was well-suited to this new business climate. In 1945 he created the Merrill Foundation for the Advancement of Investment Knowledge, which awarded grants to institutions such as Massachusetts Institute of Technology, Brookings Institute, and the Wharton School of Finance. Merrill's estate funded the Charles E. Merrill Trust, an engine of philanthropy, supporting the Merrill Science Center at Amherst College and Merrill College at the University of California, Santa Cruz, built in 1968.[13]. He concentrated on informative and accurate information rather than the exaggerated claims and misleading statements that were the norm at the time. Despite great personal wealth derived from an unbreakable trust made early in his childhood, Merrill lived modestly. Merrill genealogy typically goes back to the British isles, especially Ireland and England, but may also be Scandinavian or French. He died on November 29, 2017, in Nowy Scz, Poland. Boston: Oelgeschlager, Gunn and Hain, 1986. . In 1913 Merrill left Burr to become sales manager at Eastman, Dillon and Company and a year later he founded his own small securities firm, Charles E. Merrill and Company. On June 10, 1903, Charles (23) married Alta Florence Johnson (22) in Windham, New Hampshire; Charles worked as a butcher[7][8]. Pierce & Co. back together with Merrill Lynch. Adapting retailing concepts to stockbrokering, Merrill became determined to attract large numbers of small investors to the market. Early years . A brilliant market analyst and salesman, he reorganized the investment industry to attract small investors into the stock market. The message was clear: consumers wanted chain stores. He attended Deerfield Academy and graduated from Harvard College. He accepted stock warrants as part of his fee and sold these when they increased in value. He printed ads and pamphlets that contained his characteristically honest information and he insisted on professionalism among his own employees. Merrill became highly respected for his ability to foresee market trends. With partner Win Smith, Merrill instituted additional changes by recruiting younger, bettereducated brokers and providing them with training in accounting and commercial banking. Categories: Salem, Massachusetts | Methuen, Massachusetts, WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. During the 1930s the federal government created the Securities and Exchange Commission to monitor the stock brokerage industry. Housed in two connected townhouses in Boston's Back Bay at the corner of Commonwealth Avenue and Dartmouth Street, the school was personally funded and staffed by Merrill from its beginnings. Within two years he had become a director of the company. Additionally, Merrill was known to have pleaded with President Calvin Coolidge (like Merrill, an Amherst alumnus) to speak out against speculation, but Coolidge did not listen to him.[3]. The next year another merger created Merrill Lynch, Pierce, Fenner, and Beane, the world's largest brokerage house. The Merrill Trust donated the money used to endow Merrill College at the University of California, Santa Cruz in 1968. We collect and match historical records that Ancestry users have contributed to their family trees to create each persons profile. The Charles Merrill who assisted Woolsey was Charles Edmund Merrill, Jr., president of the New York textbook publishing house, Charles E. Merrill Company. Merrill, however, provided accurate figures and honest information tailored to the needs of average Americans. (January 16, 2023). Welsh and English: from a female personal name of Celtic origin found in Welsh as, Do not sell or share my personal information. Add Charles' family friends, and his friends from childhood through adulthood. [6], Learn how and when to remove this template message, How Charles E. Merrill Jr. Found His Path as an Educator and Philanthropist, "Donald Paul Boudreaux - View Obituary & Service Information", "A Life Well Lived - Commonwealth School", "Synny miliarder zmar w bloku w Nowym Sczu", https://en.wikipedia.org/w/index.php?title=Charles_E._Merrill_Jr.&oldid=1051275179, Article re Merrill College at UC Santa Cruz, This page was last edited on 22 October 2021, at 14:39. Rosner was orphaned by the Holocaust and was befriended by Merrill. A large portion of this estate supported colleges and universities in the South that served African American populations. Merrill was convinced that the average American who wanted to invest should be able to buy shares in the stock market, which was previously a playground for the wealthy. Charles E. Merrill was born in Green Cove Springs, Florida, on October 19, 1885. In January 1930 Merrill, Lynch left the brokerage business and turned over its accounts to E. A. Because Merrill took stock warrants Mustered out 5/13/65. He has taught semesters at Guilford College, Moravian College, Spelman College, and Warren Wilson College. After the school had been damaged in the . when he died at the age of 51. Merrill was the father of educator and philanthropist Charles E. Merrill Jr. (1920-2017), author and founder of the Thomas Jefferson School (St. Louis, Missouri), Commonwealth School, and former chairman of the board of trustees of Morehouse College; San Francisco philanthropist Doris Merrill Magowan (1914-2001); and poet James Merrill (1926-1995), who created the Ingram Merrill Foundation to support writers and the arts. With the profit from the sale of Path Exchange the company acquired the southern California food chain Safeway Stores. He instituted an annual report and sent it out to all his customers to assure them that their money was secure with Merrill Lynch. Gathered from those who lived during the same time period, were born in the same place, or who have a family name in common. [h]aving thousands of customers scattered throughout the united states is infinitely preferable to being dependent upon the fluctuating buying power of a smaller and perhaps on the whole wealthier group of investors in any one section. Merrill was conscripted into the military during World War II. Charles Edwin Merrill Jr. was born on January 3, 1880, in Salem, Massachusetts to Charles E. Merrill (25)and Ida Florence Phippen (29)[1][2][3]. When you share, or just show that you care, the heart Chain stores were a new concept at the time, and this project began Merrill's career-long involvement with this retail innovation. 2,773 birth, 351 death, 256 marriage, 15 divorce, View BY ANCESTRY.COM. Encyclopedia.com. Rosner's life was recounted in a book named Uncommon Friendship: From Opposite Sides of the Holocaust (University of California Press, 2001). All three of Merrill's children were wealthy from unbreakable trusts made early in childhood. Charles E. Merrill was born in Green Cove Springs, Florida, on October 19, 1885. Gale Encyclopedia of U.S. Economic History. In addition, in 1932 he helped to found Family Circle, the first magazine distributed by grocery stores. What is Charles' ethnicity and where did his parents, grandparents & great-grandparents come from? He left Amherst without graduating and returned to Florida where he dabbled in newspaper journalism at West Palm Beach's Tropical Sun. Encyclopedia.com. Cite this article Pick a style below, and copy the text for your bibliography. He also was one of the co-founders of the Thomas Jefferson School in St. Louis in 1946. In 1953 Merrill endowed a chair of medicine at Harvard University in honor of heart specialist Dr. Samuel A. Levine, who had treated Merrill for his heart condition. Charles E. Merrill, in full Charles Edward Merrill, (born Oct. 19, 1885, Green Cove Springs, Fla., U.S.died Oct. 6, 1956, Southampton, N.Y.), American investment banker who guided his company through a series of mergers that resulted in the creation of the brokerage firm of Merrill Lynch, Pierce, Fenner & Smith Inc., the largest in the United States. WikiTree is a community of genealogists growing an increasingly-accurate collaborative family tree that's 100% free for everyone forever. He served in Co. L 11th Vermont Infantry during the Civil War. Building on the slogan "Bring Wall Street to Main Street" he designed his business around middle-class investors, not stock exchange insiders. Cambridge: Cambridge University Press, 1999. In the 1940s Merrill was responsible for making vast changes in the way the investment industry operated. (January 16, 2023). Here what Merrill acquired "turned out to be the equivalent of a university course in general and credit finance, cost accounting, and administration, in particular." Charles Edward Merrill (October 19, 1885 - October 6, 1956) was an American philanthropist, stockbroker and co-founder, with Edmund C. Lynch of Merrill Lynch & Company (previously called Charles E. Merrill & Co.).
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