Mortimer Hartwell Wagar (1857 – December 23, 1926) was an American banker and businessperson. Wagar was a member of the Consolidated Exchange for 33 years. He was president from 1900 until 1903. He retired from the exchange in June 1923, at which point he was vice president. He also helped organize the Clearing House of the Consolidated Exchange, where he was president.[1]
Mortimer Hartwell Wagar[1] was born in 1857 in Toledo, Ohio. At age fourteen he started his first job as an office boy, and gradually he worked through positions at a grain and transportation business. At age 18, he was admitted to partnership by his employer, and Wagar joined the Toledo Board of Trade.[2] He left Toledo in 1878 to vacation in Europe, and upon returning to New York, he joined the Produce Exchange. He resigned in 1885 to "engage in business on his own account," and he founded the grain brokerage firm Wagar, Martin & Co. The firm joined the Consolidated Exchange in 1890.[2] In January 1897, he dissolved the grain broker firm Wagar and Moore, with Wagar taking the side of the business focused on the Consolidated Stock Exchange.[3] By early June 1900, Wagar was a member of the Consolidated Stock Exchange, the Chicago Board of Trade, and the New York Produce Exchange,[2] where he maintained an affiliation until his death.[1]
Leadership at Consolidated Exchangeedit
At the annual election for the presidency of the Consolidated Stock and Petroleum Exchange on June 11, 1900, Wagar defeated Charles G. Wilson,[4] who had held the role for fifteen years.[2] According to The New York Times, "the contest was the most closely fought in the history of the Exchange, the total number of votes cast being 793. The largest vote ever polled in a previous election was 628."[4] Wagar polled 504 votes to 287, winning the election with "a large majority of the members" supporting him. One of his first orders of business was working towards the extermination of bucket shops.[2] Wagar was reelected the president of Consolidated in 1901 as the nominee on both the regular and independent tickets. He was elected again the following year to succeed himself. Samuel Armstrong Nelson wrote in 1909 that Wagar's "three years of work as head of the institution were marked by great activity and progressive results of a character that advanced the Exchange's interest in almost every department."[2] He was president of the Consolidated Exchange from 1900 until 1903.[1] He also helped organize the Clearing House of the Consolidated Exchange, where he was president.[1]
When he retired as president of the exchange in 1903 to join the Consolidated National Bank, he remained vice president for two years upon the exchange's request.[5] By 1904, bucketshops had become a point of contention among the voting members of the Consolidated Stock and Petroleum Exchange. Wagar was strongly against their use, in opposition to the Exchange's governors. The annual election for officers that year was held on June 13, 1904. Wagar was again elected vice president.[6] He retired from the exchange in June 1923, and was replaced as vice president[1] of the Consolidated Exchange by Laurence Tweedy.[7]
Mortimer Hartwell Wager died suddenly on December 23, 1926, at his residence at 430 West 119th Street, from heart disease. He was sixty-nine years old. [1]
^ abcdefg"Mortimer H. Wagar; Former President of Consolidated Exchange Dies Suddenly.", The New York Times, New York, December 24, 1926, retrieved January 28, 2016
^ abcdefArmstrong Nelson, Samuel (1907), The Consolidated Stock Exchange of New York: Its History, Organization, Machinery and Methods, pp. 19–23, retrieved February 6, 2017
^"Business Firms Change", New York Times, p. 20, January 3, 1897, retrieved January 28, 2016
^ ab"Consolidated Exchange - Closely Fought Election - Mr. Wagar Displaces President Wilson.", The New York Times, June 12, 1900, retrieved February 6, 2017
^Nelson, Samuel Armstrong (1907). The Consolidated Stock Exchange of New York: Its History, Organization, Machinery and Methods. p. 19.
^"Bucketshop Fighter Wins in Consolidated; Exchange's Regular Ticket, with M.H. Wagar, Is Elected.", The New York Times, New York, June 14, 1904, retrieved January 28, 2016
^"Exchange Honors Mortimer Wager", The New York Times, New York, June 8, 1923, retrieved January 28, 2016
^Greeley, Horace; Cleveland, John Fitch; Ottarson, F. J.; Schem, Alexander Jacob; McPherson, Edward; Rhoades, Henry Eckford (1905). The Tribune Almanac and Political Register. p. 395. Retrieved 2017-01-15.
Samuel Armstrong Nelson (1907). The Consolidated Stock Exchange of New York: Its History, Organization, Machinery and Methods. A.B. Benesch Company - Harvard University.
mortimer, wagar, mortimer, hartwell, wagar, 1857, december, 1926, american, banker, businessperson, wagar, member, consolidated, exchange, years, president, from, 1900, until, 1903, retired, from, exchange, june, 1923, which, point, vice, president, also, help. Mortimer Hartwell Wagar 1857 December 23 1926 was an American banker and businessperson Wagar was a member of the Consolidated Exchange for 33 years He was president from 1900 until 1903 He retired from the exchange in June 1923 at which point he was vice president He also helped organize the Clearing House of the Consolidated Exchange where he was president 1 Mortimer H WagarBorn1857 1857 Ohio United StatesDiedDecember 23 1926 1926 12 23 aged 68 69 430 West 119th Street Manhattan New York CityNationalityAmericanOccupation s Banker businessmanYears active1875 1926 Contents 1 Biography 1 1 Early life and career 1 2 Leadership at Consolidated Exchange 1 3 Banking positions 2 Death and family 3 See also 4 References 5 External linksBiography editEarly life and career edit Mortimer Hartwell Wagar 1 was born in 1857 in Toledo Ohio At age fourteen he started his first job as an office boy and gradually he worked through positions at a grain and transportation business At age 18 he was admitted to partnership by his employer and Wagar joined the Toledo Board of Trade 2 He left Toledo in 1878 to vacation in Europe and upon returning to New York he joined the Produce Exchange He resigned in 1885 to engage in business on his own account and he founded the grain brokerage firm Wagar Martin amp Co The firm joined the Consolidated Exchange in 1890 2 In January 1897 he dissolved the grain broker firm Wagar and Moore with Wagar taking the side of the business focused on the Consolidated Stock Exchange 3 By early June 1900 Wagar was a member of the Consolidated Stock Exchange the Chicago Board of Trade and the New York Produce Exchange 2 where he maintained an affiliation until his death 1 Leadership at Consolidated Exchange edit At the annual election for the presidency of the Consolidated Stock and Petroleum Exchange on June 11 1900 Wagar defeated Charles G Wilson 4 who had held the role for fifteen years 2 According to The New York Times the contest was the most closely fought in the history of the Exchange the total number of votes cast being 793 The largest vote ever polled in a previous election was 628 4 Wagar polled 504 votes to 287 winning the election with a large majority of the members supporting him One of his first orders of business was working towards the extermination of bucket shops 2 Wagar was reelected the president of Consolidated in 1901 as the nominee on both the regular and independent tickets He was elected again the following year to succeed himself Samuel Armstrong Nelson wrote in 1909 that Wagar s three years of work as head of the institution were marked by great activity and progressive results of a character that advanced the Exchange s interest in almost every department 2 He was president of the Consolidated Exchange from 1900 until 1903 1 He also helped organize the Clearing House of the Consolidated Exchange where he was president 1 When he retired as president of the exchange in 1903 to join the Consolidated National Bank he remained vice president for two years upon the exchange s request 5 By 1904 bucketshops had become a point of contention among the voting members of the Consolidated Stock and Petroleum Exchange Wagar was strongly against their use in opposition to the Exchange s governors The annual election for officers that year was held on June 13 1904 Wagar was again elected vice president 6 He retired from the exchange in June 1923 and was replaced as vice president 1 of the Consolidated Exchange by Laurence Tweedy 7 Banking positions edit When the Consolidated National Bank was organized on July 1 1902 the fourteen directors included Wagar George Crocker John W Griggs Henry C Brewster and Perry Belmont 8 Early directors as of November 16 1904 of the Consolidated National Bank included Wagar with Wagar as vice president 9 On February 18 1909 Wagar was named a director of the newly formed National Reserve Bank of the City of New York 10 Death and family editMortimer Hartwell Wager died suddenly on December 23 1926 at his residence at 430 West 119th Street from heart disease He was sixty nine years old 1 See also editConsolidated National Bank Consolidated Stock Exchange of New YorkReferences edit a b c d e f g Mortimer H Wagar Former President of Consolidated Exchange Dies Suddenly The New York Times New York December 24 1926 retrieved January 28 2016 a b c d e f Armstrong Nelson Samuel 1907 The Consolidated Stock Exchange of New York Its History Organization Machinery and Methods pp 19 23 retrieved February 6 2017 Business Firms Change New York Times p 20 January 3 1897 retrieved January 28 2016 a b Consolidated Exchange Closely Fought Election Mr Wagar Displaces President Wilson The New York Times June 12 1900 retrieved February 6 2017 Nelson Samuel Armstrong 1907 The Consolidated Stock Exchange of New York Its History Organization Machinery and Methods p 19 Bucketshop Fighter Wins in Consolidated Exchange s Regular Ticket with M H Wagar Is Elected The New York Times New York June 14 1904 retrieved January 28 2016 Exchange Honors Mortimer Wager The New York Times New York June 8 1923 retrieved January 28 2016 Wall Street Topics The New York Times New York City p 12 July 2 1902 retrieved January 19 2017 Greeley Horace Cleveland John Fitch Ottarson F J Schem Alexander Jacob McPherson Edward Rhoades Henry Eckford 1905 The Tribune Almanac and Political Register p 395 Retrieved 2017 01 15 Oriental Bank Merged The New York Times New York City p 6 February 19 1909 retrieved January 19 2017External links editSamuel Armstrong Nelson 1907 The Consolidated Stock Exchange of New York Its History Organization Machinery and Methods A B Benesch Company Harvard University Portal nbsp New York City Retrieved from https en wikipedia org w index php title Mortimer Wagar amp oldid 1114764579, wikipedia, wiki, book, books, library,
