Joshua Bates (financier)
- for the clergyman and educator and Joshua Hall BatesJoshua Hall BatesJoshua Hall Bates was a lawyer, politician, and general in the Union Army during the early part of the American Civil War...
for the American Civil WarAmerican Civil WarThe American Civil War was a civil war fought in the United States of America. In response to the election of Abraham Lincoln as President of the United States, 11 southern slave states declared their secession from the United States and formed the Confederate States of America ; the other 25...
Joshua Bates (1788–1864) was an international financier
Financier is a term for a person who handles typically large sums of money, usually involving money lending, financing projects, large-scale investing, or large-scale money management. The term is French, and derives from finance or payment...
who divided his life between the United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and the United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
Bates was born in Commercial St., Weymouth, Massachusetts
The Town of Weymouth is a city in Norfolk County, Massachusetts, United States. As of the 2010 census, Weymouth had a total population of 53,743. Despite its city status, it is formally known as the Town of Weymouth...
. Early in his career he worked for William Gray
William Gray (Massachusetts)
William Gray was a Massachusetts merchant and politician. Born into a lower class family in Lynn, Massachusetts, he managed to build his own business and rise through the state's political ranks, becoming the richest man in New England, and in the eyes of many the richest man in all of America...
, owner of Gray's Wharf in Charlestown. A merchant and a banker, in 1828 Bates became associated with the great house of Baring Brothers & Co.
Barings Bank was the oldest merchant bank in London until its collapse in 1995 after one of the bank's employees, Nick Leeson, lost £827 million due to speculative investing, primarily in futures contracts, at the bank's Singapore office.-History:-1762–1890:Barings Bank was founded in 1762 as the...
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, of which he eventually became the senior partner. He was arbitrator of the commission convened in 1853 to settle the claims of American citizens arising from the War of 1812
War of 1812
The War of 1812 was a military conflict fought between the forces of the United States of America and those of the British Empire. The Americans declared war in 1812 for several reasons, including trade restrictions because of Britain's ongoing war with France, impressment of American merchant...
In 1852 he founded the Boston Public Library
Boston Public Library
The Boston Public Library is a municipal public library system in Boston, Massachusetts, United States. It was the first publicly supported municipal library in the United States, the first large library open to the public in the United States, and the first public library to allow people to...
by giving $50,000 for that purpose, with the provision that the interest of the money should be expended for books of permanent value, and that the city should make adequate provision for at least 100 readers. He afterward gave 30,000 volumes to the institution, the main hall of which is named after him.
Bates married Lucretia Sturgis; their daughter Elizabeth married Belgian Prime Minister Sylvain Van de Weyer
Sylvain Van de Weyer
Jean-Sylvain Van de Weyer was a Belgian politician, and then the Belgian Minister at the Court of St. James's, effectively the ambassador to the United Kingdom....
; their daughter Eleanor Van de Weyer married Reginald Baliol Brett, 2nd Viscount Esher; and their daughter, Sylvia Brett
Sylvia Leonora, Lady Brooke, Ranee of Sarawak, born The Hon. Sylvia Leonora Brett, , was the consort to Vyner of Sarawak, last of the White Rajahs.-Early life:...
, married Charles Vyner de Windt Brooke
Charles Vyner Brooke
Vyner, Rajah of Sarawak, GCMG was the third and final White Rajah of Sarawak.-Early life:...
, and became the last Rani of Sarawak
Sarawak is one of two Malaysian states on the island of Borneo. Known as Bumi Kenyalang , Sarawak is situated on the north-west of the island. It is the largest state in Malaysia followed by Sabah, the second largest state located to the North- East.The administrative capital is Kuching, which...
Image galleryThe Joshua Bates School on Harrison Avenue in Boston is named after him, in recognition of his munificence.
- Tribute of Boston merchants to the memory of Joshua Bates: October, 1864.
- Memorial of Joshua Bates (Boston, 1865)