Henry K. Pomroy

Henry Keney Pomroy (August 14, 1854 – December 22, 1925) was an American financier who served as president of the New York Stock Exchange.

Henry K. Pomroy
President of the New York Stock Exchange
In office
1903–1907
Preceded byRansom H. Thomas
Succeeded byRansom H. Thomas
Personal details
Born
Henry Keney Pomroy

(1854-08-14)August 14, 1854
New York City, New York, U.S.
DiedDecember 22, 1925(1925-12-22) (aged 71)
New York City, New York, U.S.
Spouse
Anna Tuffle Moseley
​
​
(m. 1881; died 1920)​
Parent(s)Daniel Pomroy
Fanny Belden Pomroy
Residence127 East 40th Street
EducationColumbia School of Mines

Early life

Pomroy was born in New York City on August 14, 1854. He was the eldest child of Daniel Pomroy of Coventry, Connecticut and his wife, Fanny Belden, of Simsbury,[1] a descendant of Horace Belden.[2]

After his father died when he was just twelve years old, his mother, brother and sisters moved to Stamford, Connecticut before Henry attended boarding school at Mount Carmel and in Ossining, New York before studying at the Columbia School of Mines for one year.[1]

Career

After spending some time in Europe with his family, in 1875 he joined his uncle, A. Hamilton Pomroy, a dealer in commercial paper. On January 3, 1878, he was elected a member of the New York Stock Exchange. In 1888, he was elected to the Board of Governors of the Exchange, serving until his death in 1925. He was vice president for three terms, from May 1901 to May 1904, followed by three terms as President from 1904 to 1907.[1][3]

In 1914, Pomroy testified before the U.S. Senate Committee on Banking and Currency and expressed his "approval of legislature prohibiting certain evils of the stock market sought to be corrected by the bill before the committee, incorporating stock exchanges, and excluding from the mails and interstate wires quotations of exchanges not fully complying with its provisions."[4]

At the time of his death, Pomroy was a special partner with the firm of J. W. Davis & Co.,[1] and previously was a partner with his brother Arthur in a firm known as Pomroy Brothers.[5]

Personal life

On December 8, 1881, Pomroy was married to Anna Tuffle Moseley (1857–1920). The Pomroy's had a home known as Duneside near Georgica Pond in Wainscott, a hamlet in the southwest corner of Easthampton, New York.[6]

Pomroy died at his residence, 127 East 40th Street in Manhattan, on December 22, 1925.[1] His estate was valued at $2,310,178, of which $2,183,422 was bequeathed to his sister, Mrs. Josephine Belden (née Pomroy) Hendrick,[7] and $15,000 in cash to his brother, A. Arthur Pomroy.[8]

In 1976, his niece, Grace (née Hendrick) Eustis Phillips,[9] and her husband, Rear Admiral Neill Phillips,[10] donated Midsummer Twilight by Willard Leroy Metcalf to the National Gallery of Art, which Grace had inherited from Pomroy.[11]

References
  1. "H. K. POMROY DIES; VETERAN BROKER: Three Times President of Stock Exchange a Victim of Heart Disease at 71. A GOVERNOR FOR 36 YEARS Financier Had Much to Do With the Many Reforms Made in the Last Few Decades" (PDF). The New York Times. 24 December 1925. Retrieved 2 December 2019.
  2. "Hendrick Cottage". www.simsburyhistory.org. Simsbury Historical Society. Retrieved 2 December 2019.
  3. "STOCK EXCHANGE NOMINEES.; President Pomroy and Treasurer Gilley Named to Succeed Themselves" (PDF). The New York Times. 14 March 1906. Retrieved 2 December 2019.
  4. Times, Special to The New York (7 February 1914). "READY TO WIPE OUT STOCK MARKET EVILS; H.K. Pomroy Tells Senate Committee That Remedial Legislation Is Needed" (PDF). The New York Times. Retrieved 2 December 2019.
  5. The Trow (formerly Wilson's) Copartnership and Corporation Directory of New York City. Trow. 1901. p. 394. Retrieved 2 December 2019.
  6. Weinberg, Helene Barbara; Barker, Elizabeth E.; N.Y.), Metropolitan Museum of Art (New York (2004). Childe Hassam, American Impressionist. Metropolitan Museum of Art. p. 235. ISBN 978-1-58839-119-3. Retrieved 2 December 2019.
  7. Who's Who in New York City and State. L.R. Hamersly Company. 1909. p. 651. Retrieved 2 December 2019.
  8. "H.K. POMROY LEFT $2,310,178 ESTATE; Ex-President of Stock Exchange Bequeathed $2,183,422 to Sister, Mrs. Kendrick. ISAAC UNTERMYER ESTATE $1,647,658 Divided Between the Widow and Son -- Shattuck and Hirschon Properties Appraised" (PDF). The New York Times. 30 April 1927. Retrieved 2 December 2019.
  9. "Grace Hendrick Eustis Phillips, Society Writer in Capital, Dead; Chronicler of the Wealthy" (PDF). The New York Times. 25 May 1966. Retrieved 2 December 2019.
  10. Pearson, Richard (24 March 1978). "Neill Phillips, Advocate of D.C. Home Rule, Rail Transit, Dies". Washington Post. Retrieved 2 December 2019.
  11. "Midsummer Twilight c. 1890c. 1890". www.nga.gov. National Gallery of Art. 23 May 1890. Retrieved 2 December 2019.
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