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Edmund D. Taylor


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Joseph Scott Morris
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« on: September 26, 2010, 08:02:59 am »


Father of the Greenback
(Documented: February 10, 1888 by the 50th United States Congress)
[Documentation proved]

The Originator of Greenback Currency
(The National Magazine, Volume 16. April-November, 1892)

[Portrait by Joseph Scott Morris]


Colonel Edmund D. Taylor, the Honorable Veteran, Statesmen and Entrepreneur, was born on the eighteenth day of October 1804, in Lunenburg, Virginia, also known as Lunenburg Courthouse, with the birth name Edmund Richard Taylor. He was the son of Giles Taylor: a merchant, revolutionary veteran and commissary under General Nathanael Greene's command during the Revolutionary War. His mother was Sina (Stokes) Taylor.




1806, the family moved to Lexington, Kentucky.

1808, they moved to Hopkinsville, Kentucky.

1814, in April, moved to Gallatin County, Illinois.

1823, he began general merchandising with Col. John Taylor in Springfield, Illinois.

1827, Edmund served as a private during the Winnebago War in Captain Bowling Green's Company.

In December of this same year, the Historical Society of Illinois was organized with the following members:
Judge James Hall was president, Governor Edward Coles and Chief-Justice William Wilson, vice presidents, James Whitlock Secretary, Robert H. Peebles, Librarian, Representative John Reynolds, Edmund D. Taylor, William Hubbard Brown, Judge James McRoberts, United States Attorney Sidney Breese,  William Thomas, John Mason Peck, Judge Richard Montgomery Young, Attorney General Samuel Drake Lockwood, Judge David Jewett Baker, William Lee Davidson Ewing, Peter Cartwright and Supreme Court Justice Theophilus Washington Smith.

1829 September 28th, he married Margaret Taylor in Springfield, Illinois. She was born December 28, 1813 in Kentucky, daughter of Col. John Taylor and Elizabeth (Burkhead) Taylor.

1830, he was elected to the Illinois State Legislature, representing Sangamon County.

1831 June 13, he was commissioned to the rank of Colonel during the Black Hawk War by Governor John Reynolds.

1832, re-elected to the Illinois House of Representatives and defeated Abraham Lincoln.

1834, elected Senator, [Vice Taylor] from Sangamon County.

1835 March 4, appointed by President Andrew Jackson to Receiver of Public Moneys in Chicago, he accepted the appointment and during his commission, he sold nearly 400,000 acres.

In June, Edmund announced that bills of the Bank of Michigan, Farmers' and Mechanics' Bank of Michigan, all security banks of New York State, the banks of Cleveland, and the banks of Cincinnati would be accepted for payment of land.

Later in the year, the branch of the State Bank of Illinois was established in Chicago, but did not open until January of 1836.

1836 January 16, the Galena & Chicago Union Railroad was incorporated; Edmund was appointed commissioner and director. It later became the first Railroad built to Chicago.

Also in January, Chicago branch of State Bank of Illinois was the first bank to open in Chicago, the following were directors: John H. Kinzie, Edmund D. Taylor, George W. Dole, Henry B. Clarke, Walter Kimball, Gurdon S. Hubbard, Peter Pruyne, Elijah Kent Hubbard and William H. Brown was Cashier.

1837, listed on the Board of Trustees for Rush Medical College.

1839, he opened the first Chicago wholesale jobbing house, and named it 'Taylor, Breese & Co'.

December, in honor of the opening of Second session to convened at Springfield December 9, a Grand Ball: 'Cotillion Party' was planned for December 16, at the American House and the managers were: Edmund D. Taylor, Robert Allen, Nicholas H. Ridgely,  John A. McClernand, James Shields, Stephen A. Douglas, F. W. Todd, W. H. Wash, Joshua F. Speed, M. Eastman, W. S. Prentice, Jonathan R. Diller, N. E. Whiteside, Ninian Wirt Edwards, E. H. Merriman and Abraham Lincoln.

1849, Edmund D. Taylor and Thomas Dyer purchased the branch of the Indiana State Bank in Michigan City, Taylor & Dyer.

1853-4, opened a bank in Chicago, D. Kreigh & Co., also known as Taylor & Kreigh, Edmund D. Taylor and David Kreigh.

1857, listed on the Founding Board of Trustees for The University of Chicago, later known as the Old University of Chicago. Edmund's son William W. Taylor and Robert Todd Lincoln attended this University.

February 5, the Chicago Merchants' Exchange company was incorporated by: Edmund D. Taylor, Thomas Hall,
George Armour, James Peck, John P. Chapin, Walter S. Gurnee, Edward K. Rogers, Thomas Richmond, Julian S. Rumsey, Samuel B. Pomeroy, Elisha Wadsworth, Walter Loomis Newberry, Hiram Wheeler and George Steele.

February 14, the Chicago Savings Institution and Trust Company was incorporated by Edmund D. Taylor, Peter Page, Grant Goodrich, Walter Loomis Newberry, Walter S. Gurnee, Charles Harmon, John P. Chapin, Thomas Heale, James Peck, Benjamin W. Raymond, Edward K. Rogers, Amos G. Throop, William H. Brown, Tuthill King, Philo Carpenter, George W. Dole and Edward I. Tinkham.

1861, in a meeting at General Grants Headquarters, Edmund mentions his idea for greenbacks.

1862, he received a request by President Abraham Lincoln for a private meeting, and suggested the issuance of treasury notes bearing no interest. [Greenbacks]

1863, appointed chairman of the coal operators in Illinois, at a Convention in Chicago.

1864, a signed letter dated December 16, by President A. Lincoln, named Col. Edmund D. Taylor "The father of the greenback".

1871, the Great Chicago Fire destroyed fourteen stores owned by Edmund.

1888, President A. Lincoln's hand written letter to Edmund, was verified and included in the War Claims Report No. 380, 50th U.S. Congress, and was ordered printed. U.S. G.P.O.

1891, Edmund died at his daughter's house, Chicago, Illinois.


Links:

Tributes

The Free Resource

Obituary



(Tribute for my 3 x great-uncle Taylor)

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Note from Joe: My apologies for the prior usage of spacing between letters in his name. As noted, on July 17, 2011, this forum's host applied a global censor to all its forums... requiring webmaster's to pay to remove the censored words that they choose at will. Tributes appear to be none exempt as well.

As a writer, I can Not support such an idea. In my opinion: censor mods do not belong on writing forums, also... I am considering deleting this forum. -Joe



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