Robert L. Cutting | |
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Born | 1812 New York City, New York, United States |
Died | February 25, 1887 No. 141 Fifth Avenue, New York City |
Resting place | Greenwood Cemetery |
Residence | New York City |
Nationality | American |
Alma mater | Columbia College |
Occupation | Businessperson, banker |
Robert L. Cutting (born 1812 - died February 25, 1887) was an American businessperson based in New York City. At one point president of the , he was a co-founder of the Continental Bank of New York in August 1870.
Robert L. Cutting was born in 1812 in New York City, and was a descendant of Robert Livingston and indirectly of Robert Fulton. He was educated at Columbia College.
After his schooling, he began business on Wall Street, and joined the on June 7, 1844. Cutting was at one point president of the New York Stock Exchange, and he remained with the organization until February 1881, when he retired from active business. He was succeeded in business by his sons James and Robert Jr.
Along with Jacob H. Schiff, Marcellus Hartley, Horace Brigham Claflin, and Joseph Seligman, he was a founder of the Continental Bank of New York in August 1870.
On October 17, 1878, the Edison Electric Light Company was incorporated in New York with capital of $300,000 and incorporators including Tracy R. Edison, James H. Banker, Norvin Green, Robert L. Cutting, Jr., Thomas A. Edison, and others not including the elder Cutting. On May 19, 1879, the Edison Telephone Company of Europe limited filed articles of incorporation, with Robert L. Cutting and his son included among the incorporators and trustees.
As of September 1891, Cutting was a director in the newly incorporated Westchester and Putnam Railroad Company, with a starting capital of $100,000. Thomas Edison was another director, with 520 shares, and Cutting with 100 shares.
He married Miss De Wolf of Bristol. He joined the Union Club in 1852, and was a prominent member. He also was a supporter and stockholders in the Academy of Music.