Horace B. Pomeroy
Horace Burton Pomeroy | |
|---|---|
| Born | Template:Birth date Troy, Pennsylvania, U.S. |
| Died | January 24, 1957 (aged 77) Vero Beach, Florida, U.S. |
| Occupation(s) | Investment banker, broker |
| Known for | Schoellkopf, Hutton & Pomeroy |
Horace Burton Pomeroy (June 3, 1879 – January 24, 1957) was a distinguished American investment banker and broker associated with Schoellkopf, Hutton & Pomeroy.
Early life
Born in Troy, Pennsylvania to Charles Burton Pomeroy and Sophia (Webber) Pomeroy, he pursued his early education at the Lawrenceville School in New Jersey. He later graduated from Yale University with a Bachelor of Arts degree in 1903, followed by a Master of Arts in 1906.
Career
Pomeroy began representing Harris, Forbes & Co., the investment banking division of Harris Bank, in Rochester, New York starting in 1912. On January 1, 1921, he departed from Harris Forbes & Co., where he had been managing the Buffalo branch, to join Schoellkopf, Hutton & Co.. This transition led to the firm being renamed Schoellkopf, Hutton & Pomeroy. The company was regarded as one of the leading investment banks operating between New York and Chicago. The primary partners included Jacob F. Schoellkopf Jr., Russell J. H. Hutton, and Pomeroy himself, who held roles as treasurer, secretary, and board member. By 1930, his annual income reached $20,000 and he possessed 600 shares in the company. Furthermore, Pomeroy served as vice president and director of the Niagara Share Corporation of Maryland, a holding entity for utility assets owned by the Schoellkopf family such as the Niagara Falls Hydraulic Power and Manufacturing Company.
Following Pomeroy’s retirement and subsequent passing, the investment banking activities of Schoellkopf, Hutton & Pomeroy were consolidated with New York-based firm Dominick & Dominick in 1960.
Personal life
On November 17, 1909, Pomeroy wed Ethel Josephine Braman (1882–1931), daughter of Chester Alwyn Braman, president of A.D. Julliard Co. Their residence was located at 550 Lafayette Avenue in Buffalo—a distinguished brick home designed in the Second Empire architectural style and now part of the Elmwood Historic District. The couple had four children:
- Horace Burton Pomeroy Jr. (born 1910)
- Lawrence Pomeroy (1913–1992), a notable attorney who married Aloyise Haskins
- Josephine Adele Pomeroy (1919–2013)
- Braman Pomeroy (1920–2003), who served as president of Lexington Wood Products Corp.; he was married first to Janet Fuller and later to Marion Flemming
Pomeroy maintained memberships with the Buffalo Club, Ellicott Club, and Yale Club of New York City. He also acted as an elder at North Presbyterian Church in Buffalo.
He passed away on January 24, 1957, in Vero Beach, Florida.
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