Sabin W. Colton
Encyclopedia
Sabin Woolworth Colton, Jr. (March 18, 1847, Philadelphia
, Pennsylvania
– January 29, 1925, Bryn Mawr
, Pennsylvania) was an American investor. He was the only private individual to ever own a chair on both the Philadelphia and New York Stock Exchange
s.
He became an office boy in 1862 at a stock brokerage, later became a clerk there. While a clerk there bought his own chair on the Philadelphia Stock Exchange
. His expertise was in underwriting the establishment of utility companies in exchange for stock in those companies.
He retired in 1910, having built a spacious family house, Longmeadow, in Gladwyne, Pennsylvania
, and an elegant Arts & Crafts-style summer house, Faraway, on Eastern Point of Greening Island, Maine
.
Philadelphia, Pennsylvania
Philadelphia is the largest city in the Commonwealth of Pennsylvania and the county seat of Philadelphia County, with which it is coterminous. The city is located in the Northeastern United States along the Delaware and Schuylkill rivers. It is the fifth-most-populous city in the United States,...
, Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
– January 29, 1925, Bryn Mawr
Bryn Mawr, Pennsylvania
Bryn Mawr from Welsh for "big hill") is a census-designated place in Lower Merion Township, Montgomery County, Pennsylvania, just west of Philadelphia along Lancaster Avenue and the border with Delaware County...
, Pennsylvania) was an American investor. He was the only private individual to ever own a chair on both the Philadelphia and New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
s.
He became an office boy in 1862 at a stock brokerage, later became a clerk there. While a clerk there bought his own chair on the Philadelphia Stock Exchange
Philadelphia Stock Exchange
Philadelphia Stock Exchange , now known as NASDAQ OMX PHLX, is the oldest stock exchange in the United States, founded in 1790. It is now owned by NASDAQ OMX and located at 1900 Market Street, in Center City Philadelphia.-History:...
. His expertise was in underwriting the establishment of utility companies in exchange for stock in those companies.
He retired in 1910, having built a spacious family house, Longmeadow, in Gladwyne, Pennsylvania
Gladwyne, Pennsylvania
Gladwyne is a suburban community in Montgomery County, Pennsylvania, United States along the Main Line. The population was 4,050 at the 2000 census...
, and an elegant Arts & Crafts-style summer house, Faraway, on Eastern Point of Greening Island, Maine
Maine
Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...
.