Robert Winthrop (1833–1892)
| Robert Winthrop | |
|---|---|
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| Born | April 18, 1833 |
| Died | November 18, 1892 (aged 59) 38 East 37th Street New York, NY |
| Resting place |
Green-Wood Cemetery Brooklyn, NY |
| Nationality | United States |
| Occupation | Banker |
| Spouse(s) | Katherine "Kate" Wilson Taylor |
| Children | Robert Dudley Winthrop Grenville Lindall Winthrop Katharine Taylor Winthrop Frederic Bayard Winthrop Albertina Taylor Winthrop Beekman Winthrop |
Robert Winthrop (April 18, 1833 – November 18, 1892) was a wealthy banker and capitalist in New York City.
He was the son of Thomas Charles Winthrop (1797–1873) and Georgianna (Kane) Winthrop and the brother of Civil War General Frederic Winthrop. He was a direct descendant of colonial governors John Winthrop, John Winthrop, Jr., and Fitz-John Winthrop.
Robert Winthrop was married to Kate Wilson Taylor (1839–1925) on June 23, 1859. She was the daughter of Moses Taylor, who was one of the greatest railroad, iron, and coal company financiers and was president of National City Bank for 27 years.
They had six children who lived to adulthood: Robert Dudley Winthrop (1861–1912), Grenville Lindall Winthrop (1864–1943), Katharine Taylor Winthrop (1866–1943), Frederic Bayard Winthrop (1868–1932), Albertina Taylor Winthrop (1871–1934), and Beekman Winthrop (1874–1940). Katharine married United States Senator Hamilton Fish Kean (1862–1941) and Albertina married Dutch diplomat Jan Herman van Roijen (1870–1933).
Robert Winthrop commenced his business career in the cotton and sugar business with J.&A. Dennistoun Wood. In 1859, he turned to banking with the firm of Read, & Drexel. He was admitted to the in 1862. In 1863, he became a one-third owner in the firm of Drexel, Winthrop & Company.
Drexel, Winthrop was a very successful firm during the 1860s. most of this time, this New York branch, combined with the Drexel’s Philadelphia branch, was profiting between $300,000 and $350,000 per year. The Drexel brothers had a desire to do more European investing, as Winthrop did not agree, Drexel, Winthrop was dissolved in 1871 and Robert Winthrop & Company was established.
Over the next twenty years, this company would grow into an important family banking enterprise; Robert Winthrop multiplied his family’s fortune many times over. The Company would remain in the Winthrop family’s hands for over one hundred years. In 1977, Wood, Struthers, & Winthrop, the successor firm of Robert Winthrop & Company, was sold to Donaldson, Lufkin & Jenrette for one-million shares of DLJ stock. DLJ went on to become part of Credit Suisse.
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