Brown Brothers, Harriman & Co.
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Brown Brothers, Harriman & Co.
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Brown Brothers, Harriman & Co.
Brown Brothers Harriman.
Name Components
Name :
Brown Brothers Harriman.
Brown Brothers, Harriman & Company
Name Components
Name :
Brown Brothers, Harriman & Company
Brown Brothers, Harriman, and Co.
Name Components
Name :
Brown Brothers, Harriman, and Co.
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Biographical History
Belfast linen merchant Alexander Brown emigrated to the United States in 1800 and in 1818 founded Alex. Brown & Sons. The firm later established offices in New York, Boston, and Philadelphia. In 1810, Alexander's eldest son William returned to England and established the trading firm William Brown & Co. in Liverpool. This became Brown Shipley & Co. in 1839 and relocated to London. It separated from Brown Brothers as a distinct business entity in 1918. As financing opportunities and cash availability were diminished by the Depression, in 1931 Brown Brothers merged with the Harriman interests, to become Brown Brothers Harriman. In 1964 John A. Kouwenhoven, professor of English at Barnard College and the author of The Columbia Historical Portrait of New York, among other works, was hired by Brown Brothers Harriman to identify and amass records of historical value to the firm. His title was Director of the Historical Files, which were to serve, among other purposes, as the research materials for the writing of Partners in Banking, commissioned by Doubleday & Co. publishers to celebrate the firm's 150th anniversary in 1968.
Belfast linen merchant Alexander Brown emigrated to the United States in 1800 and in 1818 founded Alex. Brown & Sons to import and export commodities, including Irish linen and American tobacco and cotton. The firm later established offices in New York, Boston, and Philadelphia. In 1810, Alexander's eldest son William returned to England and established the trading firm William Brown & Co. in Liverpool. This became Brown Shipley & Co. in 1839 and relocated to London. It separated from Brown Brothers as a distinct business entity in 1918. The extending of credit and other banking-related opportunities that stemmed from international trade gradually became more profitable than the physical moving and sale of actual goods, and these solely financial endeavors became and remained the firm's focus. It originated travelers' letters of credits, later known as travelers checks, which allowed both individuals and corporations to access credit worldwide, through a network of international correspondent banks.
As financing opportunities and cash availability were diminished by the Depression, in 1931 Brown Brothers merged with the Harriman interests, to become Brown Brothers Harriman. The Harriman ventures included widespread investment and other financial holdings organized from Edward R. Harriman's vast fortunes, gained initially through successive mergers into what became the Union Pacific Railroad, and later by extensive and prudent investment.
In 1964 John A. Kouwenhoven, professor of English at Barnard College and the author of The Columbia Historical Portrait of New York, among other works, was hired by Brown Brothers Harriman to identify and amass records of historical value to the firm. His title was Director of the Historical Files, which were to serve, among other purposes, as the research materials for the writing of Partners in Banking, commissioned by Doubleday & Co. publishers to celebrate the firm's 150th anniversary in 1968. Kouwenhoven was assisted by researcher Sarah B. Brown, a former history teacher at the Brearley School and wife of partner Thatcher M. Brown III; and by Patricia Hoban. Mr. and Mrs. Brown were both direct descendants of Brown Brothers founder, Alexander Brown.
Belfast linen merchant Alexander Brown emigrated to the United States in 1800 and in 1818 founded Alex. Brown & Sons to import and export commodities, including Irish linen and American tobacco and cotton. The firm later established offices in New York, Boston, and Philadelphia. In 1810, Alexander's eldest son William returned to England and established the trading firm William Brown & Co. in Liverpool. This became Brown Shipley & Co. in 1839 and relocated to London. It separated from Brown Brothers as a distinct business entity in 1918. The extending of credit and other banking-related opportunities that stemmed from international trade gradually became more profitable than the physical moving and sale of actual goods, and these solely financial endeavors became and remained the firm's focus. It originated travelers' letters of credits, later known as travelers checks, which allowed both individuals and corporations to access credit worldwide, through a network of international correspondent banks.
As financing opportunities and cash availability were diminished by the Depression, in 1931 Brown Brothers merged with the Harriman interests, to become Brown Brothers Harriman. The Harriman ventures included widespread investment and other financial holdings organized from Edward R. Harriman's vast fortunes, gained initially through successive mergers into what became the Union Pacific Railroad, and later by extensive and prudent investment.
In 1964 John A. Kouwenhoven, professor of English at Barnard College and the author of The Columbia Historical Portrait of New York, among other works, was hired by Brown Brothers Harriman to identify and amass records of historical value to the firm. His title was Director of the Historical Files, which were to serve, among other purposes, as the research materials for the writing of Partners in Banking, commissioned by Doubleday & Co. publishers to celebrate the firm's 150th anniversary in 1968. Kouwenhoven was assisted by researcher Sarah B. Brown, a former history teacher at the Brearley School and wife of partner Thatcher M. Brown III; and by Patricia Hoban. Mr. and Mrs. Brown were both direct descendants of Brown Brothers founder, Alexander Brown.
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External Related CPF
https://viaf.org/viaf/146617931
https://www.worldcat.org/identities/lccn-n83125038
https://id.loc.gov/authorities/n83125038
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Subjects
Publishers and publishing
Publishers and publishing
United States
Arctic (Steamship)
Baltimore and Ohio Railroad Company
Bangor and Aroostook Railroad Company
Bank of England
Banks and banking
Banks and banking
Banks and banking
Banks and banking
Banks and banking
Banks and banking
Bills of exchange
Cold War
Collins steamship line
Commerce
Commercial credit
Cotton trade
Crosby Brown Collection (Metropolitan Museum of Art (New York, N.Y.))
Debts, Public
Depressions
Depressions
Economic assistance, American
Economic assistance, American
Economic assistance, American
Finance
Finance
Financial crises
Financial crises
Financial services industry
Insurance
International finance
International finance
Investment banking
Letters of credit
Linen industry
Linen industry
Marshall Plan
Memorials
Memorials (Commemorative)
Merchants
Merchants
Money
Money
Municipal bonds
New York Stock Exchange
Reconstruction (1939-1951)
Reconstruction (1939-1951)
Securities
Securities industry
Securities industry
Shipping
Shipping
Sinking-fund
Steam-navigation
Steam-navigation
Syndicates (Finance)
Union Pacific Railroad Company
Union Theological Seminary (New York, N.Y.)
Wages
World War, 1914-1918
World War, 1939-1945
Nationalities
Activities
Occupations
Capitalists and financiers
Legal Statuses
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New Orleans (La.)
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Europe
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England--Liverpool
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Russia
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New Orleans (La.)
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Lower Manhattan (New York, N.Y.)
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Lower Manhattan (New York, N.Y.)
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East Orange (N.J.)
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Russia
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Martha's Vineyard (Mass.)
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Martha's Vineyard (Mass.)
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New York (N.Y.)
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Baltimore (Md.)
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United States
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Seattle (Wash.)
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Northern Ireland
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New York (N.Y.)
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Nicaragua
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Dukes County (Mass.)
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New Orleans (La.)
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Great Britain
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Liverpool (England)
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Martha's Vineyard (Mass.)
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Nicaragua
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Lower Manhattan (New York, N.Y)
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East Orange (N.J.)
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Liverpool (England)
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Orange (N.J.)
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Maryland--Baltimore
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East Orange (N.J.)
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Baltimore (Md.)
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New York (State)--New York
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United States
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New York (N.Y.)
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Dukes County (Mass.)
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Liverpool (England)
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Wall Street (New York, N.Y.)
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Russia
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United States. Dep. of State
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Arden House (Harriman, N.Y.)
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United States. Dep. of State
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Latin America
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Orange (N.J.)
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Wall Street (New York, N.Y.)
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Dukes County (Mass.)
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United States
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Seattle (Wash.)
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Arden House (Harriman, N.Y.)
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Wall Street (New York, N.Y.)
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Baltimore (Md.)
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Orange (N.J.)
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Nicaragua
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Seattle (Wash.)
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Convention Declarations
<conventionDeclaration><citation>VIAF</citation></conventionDeclaration>