Baldwin and Company.

History of Firm

Simeon Baldwin, 1801-1872, of New Haven, Conn., went to Philadelphia in 1818 to learn the business of a merchant. He worked for his uncle, Daniel Barnes, until 1821, when he came to New York and started out on his own. In March of 1822 he formed a partnership with Samuel A. Otis under the firm name of Otis & Baldwin. This arrangement was terminated in June of 1823, Baldwin continuing alone until October, when he formed with Francis J. Spooner the firm of Baldwin & Spooner. This partnership lasted until February of 1827, when Spooner was bought out. In the following month Baldwin joined with Horace D. Forbes to form the firm of Baldwin & Forbes. Baldwin bought out Forbes in October of 1830 and continued the business alone under the firm name until the end of October, 1831. At that time Baldwin admitted his cousin, Sherman Day, and changed the firm name to Baldwin & Co., which continued until it failed in March of 1841. The following October Baldwin became president of the Jackson Marine Insurance Co. and later of the Merchants' Exchange Co. of New York.

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