Edward Johnson Phelps
Encyclopedia
Edward Johnson Phelps (18 April 1863, Andover, Massachusetts
Andover, Massachusetts
Andover is a town in Essex County, Massachusetts, United States. It was incorporated in 1646 and as of the 2010 census, the population was 33,201...

 - 9 August 1938, New Monterey, California) family had been settled in Massachusetts
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...

 from the earliest times and are alleged to be of noble descent. Edward's father, the Rev. Austin Phelps
Austin Phelps
Austin Phelps , was an American Congregational minister and educator. He was for 10 years President of the Andover Theological Seminary and his writings became standard textbooks for Christian theological education and remain in print today.- Biography :Austin Phelps was born in was born at West...

 was a graduated of the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...

 and studied for a year at the Yale Divinity School
Yale Divinity School
Yale Divinity School is a professional school at Yale University, in New Haven, Connecticut, U.S. preparing students for ordained or lay ministry, or for the academy...

. Austin was professor of sacred rhetoric at the Andover Theological Seminary for over thirty years.

Edward Phelps attended Yale College
YALE
RapidMiner, formerly YALE , is an environment for machine learning, data mining, text mining, predictive analytics, and business analytics. It is used for research, education, training, rapid prototyping, application development, and industrial applications...

, where he graduated in 1886. During that time he took an interest in sports, being a member of the Freshman Football Team and was also Chairman of the Yale Literary Magazine
Yale Literary Magazine
The Yale Literary Magazine, founded in 1836, is the oldest literary magazine in the United States and publishes poetry and fiction by Yale undergraduates twice per academic year.The magazine is published biannually...

. He was a member of Eta Phi, Delta Kappa Epsilon
Delta Kappa Epsilon
Delta Kappa Epsilon is a fraternity founded at Yale College in 1844 by 15 men of the sophomore class who had not been invited to join the two existing societies...

, Chi Delta Theta
Chi Delta Theta
Chi Delta Theta is an Asian-American Interest sorority based in California. The organization strives to promote sisterhood, community service, academics, cultural awareness and social activity in the lives of its members.-Creation:...

, the Political Science Club and Skull and Bones
Skull and Bones
Skull and Bones is an undergraduate senior or secret society at Yale University, New Haven, Connecticut. It is a traditional peer society to Scroll and Key and Wolf's Head, as the three senior class 'landed societies' at Yale....

. Due to his ability as a public speaker, Phelps was entered into the De Forest Medal Contest in his senior year. He was beaten by Evans Woollen, who like Phelps spoke on "The American Tory in the Revolution" After his senior year, Phelps enrolled at the Yale Graduate School and received an MA in 1888. During the years 1887 and 1888, he also engaged in the insurance business in Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...

.

With an MA to his name, Phelps entered the offices of the New Haven Morning News as a reporter and was later promoted to the position of telegraph editor. The following year, he was appointed reporter and chief editor of the Hartford Courant. Phelps was not to stay in Connecticut
Connecticut
Connecticut is a state in the New England region of the northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, and the state of New York to the west and the south .Connecticut is named for the Connecticut River, the major U.S. river that approximately...

 for long, for in 1890 he made his way to Chicago, where he engaged in editorial and financial work at the Chicago Herald. He left the Chicago Herald in 1895, to pursue a career, using the financial skills he had picked up. He was picked up by the Northern Trust Safe Deposit Company of Chicago, where he was secretary, treasurer and general manager until 1923. From 1923 to his retirement in 1929, he was a director and President of the company. Phelps became well know in safe deposit circles, being made President of the Illinois Safe Deposit Association and Chairman of the National Safe Deposit Advisory Council. From 1895 to 1897, Phelps was secretary of Chicago's First Civil Service Commission.

Phelps was heavily involved in the affairs of Yale throughout his life. He was secretary and treasurer of the Yale Scholarship Trust of Chicago, in 1905; President of the Yale Club of Chicago, from 1910 to 1911; represented the Yale Club of Chicago on the Alumni Board, from 1910 to 1916; and was a director of the Yale Publishing Association. He also took an interest in a high school in Winnetka, Illinois
Winnetka, Illinois
Winnetka is an affluent North Shore village located approximately north of downtown Chicago in Cook County, Illinois. Winnetka was featured on the list of America's 25 top-earning towns and "one of the best places to live" by CNN Money in 2011...

.
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