Charles Jacob Stewart
Charles Jacob Stewart | |
|---|---|
 c. 1918 | |
| Personal details | |
| Born | June 3, 1898 Dallas, Texas, US |
| Died | July 14, 1987 (aged 89) Naples, Florida, US |
| Resting place | Grove Hill Memorial Park, Dallas, Texas |
| Spouses |
|
| Children | 2 |
| Alma mater | Yale University |
| Occupation | Bank executive |
| Military service | |
| Allegiance |  United States |
| Branch/service | United States Army |
| Rank | Second Lieutenant |
| Battles/wars | World War I |
Charles J Stewart (June 3, 1898 – July 14, 1987) was a banking executive and the first chairman of Manufacturers Hanover Trust Company.
Early life
[edit]Stewart was raised in Dallas, Texas on Swiss Avenue and graduated from the Terrill School for Boys in 1914.[1] At the age of 16 he went to Yale University, where he was a running back on the varsity football team for three years. He captained the Yale's 1917 football team and graduated in 1918. While at Yale, Charles was, allegedly, tapped by Prescott Bush for Skull and Bones.[2][3] Upon graduation, he enlisted in the U.S. Army and served as a second lieutenant in World War I.[4]
Career
[edit]New York Trust Company
[edit]Stewart returned to Dallas after the war and began a real estate career. He joined the commercial banking department of the New York Trust Company in 1930 and worked his way up the ladder. By 1949, he was president of the company.[4]
In 1952, Stewart led the proposed merger of New York Trust Company with Manufacturers Trust Company. That merger was stymied by his own stockholders, and Stewart resigned to become a general partner at Lazard Frères, an investment bank.[4]
Lazard Frères & Co
[edit]Stuart was a general partner at Lazard Frères investment bank from 1953 to 1959.[4][5]
Manufacturers Trust Company
[edit]In October 1961, Manufacturers Trust Company merged with Hanover Bank, and Stewart became the first chairman of Manufacturers Hanover Trust at the age of 61.[6] The merger became the nation's fourth largest commercial bank. Elected chair, he served in that capacity until his retirement in 1963.[4][7]
In 1991, several years after Charles' passing, Manufacturers Hanover Trust would merge with Chemical Banking Corporation. Ultimately absorbing into J.P. Morgan Chase & Co. The offices of Manufacturer Hanover Trust at 270 Park Avenue are still the offices of J.P. Morgan Chase to this day.
Personal life
[edit]Stewart married Maude Emily Stewart (née Tenison) of Dallas, Texas. Maude Emily was a graduate of The Hockaday School class of 1916 and later became the first president of the Hockaday Alumnae Association.[8] Together they had one son Charles "Charlie" Jacob Stewart Jr. (1926-1981) and one daughter Emily Tenison Stewart Goyer (1923-1989).[9]
Stewart's daughter, Emily Tenison Stewart Goyer, is a graduate of The Masters School, Vassar College, and received her master's degree from the Institute of Fine Art, New York University, in 1948. She married Charles Wesley Goyer[10] and had a son and a daughter.
In 1940, accordingly to census records, Stewart lived at 25 Ridgecroft Road, Bronxville, New York. The records list his wife (39), daughter (16), son (13) and butler Anastasio Esealdeia (34). At this time Stewart is listed as vice president at a Commercial Bank.[11]
In 1948 Stewart published an engagement announcement in The Bronxville Review-Press for his daughter's engagement. At the time the Stewart lived at 10 Beechwood Road, Bronxville, New York.[12]
After Maude Emily's passing, Stewart met and married Clothilde de Veze. At the age of 89, he died of cardiac failure at his home in Naples, Florida.[4] Three years after Stewart's passing, Clothide married Marvin Bower. [13]
He is buried in the Grove Hill Memorial Park in Dallas, Texas.
References
[edit]- ^ Yale Alumni Weekly. Vol. 26. Yale University. September 22, 1916.
- ^ "Membership of Yale's Skull and Bones Society". Biblioteca Pleyades by Eric Samueson, J.D.
- ^ List of Skull and Bones Members
- ^ a b c d e f "Charles Stewart Dies; An Ex-Bank Executive". The New York Times. July 17, 1987.
- ^ "PERSONNEL: Changes of the Week, Oct. 5, 1959". TIME. TIME. Retrieved October 8, 2023.
- ^ "PERSONNEL: Changes of the Week, Oct. 5, 1959". TIME. TIME. Retrieved October 8, 2023.
- ^ (18 January 1961). Stewart due to be Chairman is an untypical Texan, The New York Times
- ^ "The Hockaday Timeline". The Hockaday School.
- ^ "CHARLES STEWART, FORMER COMMERCIAL BANK CHIEF - Chicago Tribune". Chicago Tribune. 18 July 1987.
- ^ "Miss Emily Stewart to Wed C. Goyer, Jr". The Bronxville Review-Press. October 14, 1948. Retrieved April 4, 2023.
- ^ SIXTEENTH CENSUS OF THE UNITED STATES: 1940. 41. April 9, 1940. pp. 2B. Retrieved April 7, 2023.
{{cite book}}: CS1 maint: location (link) CS1 maint: location missing publisher (link) - ^ "Miss Emily Stewart to Wed C. Goyer, Jr". The Bronxville Review-Press. October 14, 1948. Retrieved April 4, 2023.
- ^ Martin, Douglas (January 24, 2023). "Marvin Bower, 99; Built McKinsey & Co". The New York Times. Retrieved June 12, 2023.