Online Encyclopedia

LEVI PARSONS MORTON (1824- )

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Originally appearing in Volume V18, Page 882 of the 1911 Encyclopedia Britannica.
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LEVI PARSONS MORTON (1824- )  ,
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American banker and politician, was born at
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Shoreham,
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Vermont, on the 16th of May 1824.1 He was in business at Hanover, New Hampshire, in 1843-1849 and in Boston in 1849-1854 . He then became a partner in a New York dry-goods house . He established in 1863 the banking house of L . P . Morton &
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Company (dissolved 1899), with a
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London branch which had
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Sir John Rose (182o-1888) as its
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principal member . The American
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firm assisted in funding the
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national debt at the time of the resumption of specie payments, and the London house were fiscal agents of the
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United States government in 1873-1884, and as such received the $15,500,000 awarded by the Geneva Arbitration Court in settlement of the "
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Alabama Claims " against
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Great Britain . In 1899 Morton became president of the Morton
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Trust Company in New York City . He was a Republican representative in Congress in 1879-1881, United States minister to France in 1881-1885,
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vice-president of the United States during the
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presidency of Benjamin Harrison in 1889-1893, and in 1895-1896 was governor of New York,
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signing as such the " Greater New York "
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bill and the liquor-tax measure known as the " Raines law." In 1896 he was a
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candidate for the presidential nomination in the Republican national convention .

End of Article: LEVI PARSONS MORTON (1824- )
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JOHN MADDISON MORTON (1811-1891)
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OLIVER PERRY MORTON (1823-1877)

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